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Neither party's budget will become law.
Of course, bad news about the state, like the recently projected $1 billion shortfall in next year's state budget, will become the acting governor's responsibility -- and perhaps a liability.
The White House — along with some top Democrats — has concluded that Republicans care so deeply about the roughly $492 billion in planned Pentagon cuts that the military budget will become a bargaining chip that Democrats can use at the end of the year to pursue new revenues and leverage in the debate over extending the Bush tax cuts.
Little if any of this budget will become law this year.
Norquist confidently forecasts a Republican will be elected in 2016 or 2020 and that the Paul Ryan budget will become law, further slashing government's role in the economy.
Soon the process of creating a commission based budget will become second nature.
Similar(54)
The indicator on transparency of government budget was taken out as accessibility to budgets will become apparent from the evidence collected for the indicator on government funding for population nutrition promotion.
The Ryan budget, which will become the official G.O.P. budget just as soon as the Republican majority in the House gets a chance to vote on it, gives nice big tax breaks to the wealthy.
"The budget deficit will become much more of a pressing issue," said Derek Taner, a portfolio manager for the Franklin Global Health Care Fund.
And therein lies the lesson for the euro zone: until it can find a way to ensure that its poorer nations can manage their fiscal affairs, countries like Greece and Portugal that run constant budget deficits will become increasingly dependent on transfers from richer countries like Germany.
Unless taxes rise above 19.7percentt of G.D.P. — the maximum assumed under current law with all expiring tax cuts extended — the budget deficit will become so large that interest on the debt will rise from 1.5percentt of the gross domestic product to 26percentt.
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