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Perhaps they find comfort in conventional budget forecasts, which suggest that over the next few years, the federal budget deficit can be easily managed.
(Budgets and even conventional budget "updates," by contrast, involve detailed recompilations of data and require several layers of approval). Most important, rolling forecasts are more accurate, for two reasons.
Proponents say the idea is to telescope the conventional budget process and immunize members of Congress from political risk by creating a framework of bipartisan cooperation and an atmosphere of high national purpose.
In a speech that was more campaign launch than conventional budget reply, Shorten appealed to Labor's base, to women and to young voters, characterising his party's proposed negative gearing reform and "real action on climate change" as tangible tests of generational fairness.
For the Postal Service, the intent was to free the agency to pursue more efficient practices than the conventional budget process allows.
Moreover, if Bush secures this year his proposed part-privatization reform of Social Security, it is estimated that the creation of private savings accounts would divert about $200 billion of government tax receipts from the conventional budget and thus substantially increase the deficit.
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Nobody is saying that all this money, if released, would go to the conventional military budget, or to the other areas, like diplomacy, also important for our security.
He cut the conventional military budget sharply, backed away from the promise of liberating Eastern Europe, sought at least a modicum of détente with the Soviet Union and denounced the military-industrial complex in his valedictory.
Many would prefer to see the money – £100 billion for Trident's replacement – spent on jobs, schools and hospitals; others would prefer it to be allocated to the conventional military budget.
These supplement more conventional big-budget redevelopment projects, including downtown sports centers and a mall.
Conventional capital budgeting offers only two prescriptions invest or don't invest.
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