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"And how we are going to balance the budget in future years, I don't want you to read anything into it," he continued.
But to Mr. Obama, cost-saving changes in the nation's fastest-growing domestic programs are more progressive than simply allowing the entitlement programs for older Americans to overwhelm the rest of the budget in future years.
Such debt-for-equity swaps could help homeowners now struggling to keep up with their mortgage payments, while not adding to the federal budget in future years when housing prices are expected to rise.
In the mayor's proposed budget, a section outlines sources of money for balancing the budget in future years, and includes $800 million expected by 2006 from "congestion pricing" and "E-ZPass initiatives".
Mr. Paterson has signaled that he will seek to enact further portions of his executive budget in future emergency bills, which would inevitably include cuts to areas where Mr. Paterson and one or both houses of the Legislature remain far apart, like school aid.
The New Jersey Supreme Court ruled on Monday that money raised by bonds could not be counted as revenue for purposes of a balanced budget in future years, but it declined to interfere with the state's authorization of $2.7 billion in bonding to finance $1.9 billion of operating expenses in the fiscal year that began on July 1.
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The idea, put forward by Chancellor George Osborne in last week's Budget, would in future see limits set at the beginning of each Parliament.
Will there be more stability in local health budgets in future?
Institutional improvements in Europe have increased the likelihood of sound budgets in future years.
This paper demonstrates an effective formulation for delivering Pareto-optimal solutions for power budgeting in future many-core systems.
The chancellor and chief secretary have decided to take account of this and reduce departmental budgets in future years".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com