Once Americans understand the budget consequences of squandering the surplus on an exaggerated tax cut, they will press lawmakers to pass one that is more reasonable in size.
"There will be massive budget consequences elsewhere, for example the bill for sorting out the fly-tipping which will happen if bins aren't emptied.
Five years after the tax bill was enacted, David A. Stockman, Mr. Reagan's budget director, asserted in a book that administration officials at the time, if not Mr. Reagan himself, were well aware that the tax cuts would have disastrous budget consequences.
While cost was a consideration in Iraq, Mr. Obama is more sensitive now to the budget consequences of keeping troops in Afghanistan after his bruising fiscal showdown with Congress, and the prospect of huge mandatory cuts in the Pentagon's budget.
The land along the Duck River was to have been used for the Columbia Dam project, which was scrapped in 1983 because of concerns about its environmental and budget consequences.
Others, including economists who worry about the budget consequences of more food subsidies, say the bill is flawed.The titular king of Manipur state, in India's north-east, ended his hunger strike.
For their part, Democrats are quick to note that by as early as 1982, President Reagan himself was forced to ask Congress for a tax increase to help offset what could have been disastrous budget consequences, and subsequent tax increases under George Bush and Bill Clinton undid most if not all of the rest.
Finally, Summers says we don't consider the "budget consequences of tax reform". That's completely wrong.
By comparing the difference in cumulative net biome production (ƩNBP) for SC1 vs SC2 scenarios (for which neither experience forest management on CRD ownership lands but the latter includes deforestation due to reservoir creation) the C budget consequences of just the deforestation events can be investigated.
There will be enormities of "expert analysis" pouring forth, about the supposed ten-year budget consequences of this or that tiny tweak, and who benefits and who does not, and "fairness" and so forth, nearly all of which will be wrong or irrelevant.
"I don't want to vote for this and say it's the first step (toward repeal), and find out that there are some long-term budget consequences," said Republican Rep. Mark Amodei, according to Reuters.
