To promote growth, he went on, America needs to keep the budget balanced, fix entitlement programmes, and invest in education.
It doesn't take feats of scholarship to prove that simultaneously supporting balanced budgets, status quo entitlement and defense spending, and huge tax cuts for the wealthy (the Republicans' new plan) is mathematically impossible and intellectually bankrupt.
Moreover, he must put forth a comprehensive set of policy prescriptions to address the issues that the American people regard as fundamental, and a long-term economic agenda that emphasizes tax reform, fiscal prudence and economic growth — as well as the need to rein in entitlements, balance the budget, and reduce the debt and deficit.
But that tax overhaul was supposed to be part of a larger vision of smaller government, more free enterprise and international trade, balanced budgets and partly privatized entitlement programs.
The story quoted the head of the Concord Coalition, "a nonpartisan group that advocates entitlement reform and balanced budgets". It failed to divulge that the group receives funding from the Peter G. Peterson Foundation.
This is "balanced" with stories of slashing entitlement spending.
GC 14 further states that 'collective rights are critical in the field of health' [ 91] implying a need to counter-balance individual entitlements, although there is no clear guidance on when an individual health right claim might compromise a collective health right claim [ 92].
"Well, we have features that we're for, whether it's balanced budgets, whether it's fiscal prudence or reforming entitlements," he said.
The president defines balanced deficit reduction as combining spending cuts, including in entitlement programs like Medicare, with new revenues from curbing tax breaks for the wealthy and corporations.
It's clear that reining in "auto-pilot" entitlement expenditures is the key to sustaining balanced future provision of public services and ensuring a robust economy.
Sweden is not the "tax and spend" welfare state of old -- while the rest of the world is floundering in debt, Sweden (along with its Nordic neighbors) has been downsizing, reforming entitlements and balancing its books.
