Blame "entitlement spending" (code for Social Security and Medicare) rather than tax cuts.
I fear that Gen X-and-above use "entitlement" as code for something far darker when describing Gen Y, which is why I refuse to use the word.
These are the budget deficit and the so-called "entitlements problem", code for Social Security.
I only wish that those who have turned "entitlement" into a code word for freeloaders would agree as well.
Everything should be up for discussion: changes to the income-tax code, entitlement reform, restructuring the Pentagon, higher energy taxes, consumption taxes.
Jeb Bush, too, outlines a boilerplate conservative agenda deregulation; an "all-in" energy policy; simplification of the tax code; entitlement reform as a strategy to "see a rising income for the middle class again," which is how he put it at this month's meeting of the Wall Street Journal CEO Council, a group that knows a few things about rising incomes.
Jeb Bush, too, outlines a boilerplate conservative agenda — deregulation; an "all-in" energy policy; simplification of the tax code; entitlement reform — as a strategy to "see a rising income for the middle class again," which is how he put it at this month's meeting of the Wall Street Journal CEO Council, a group that knows a few things about rising incomes.
Mr. Durbin has suggested that if Congress cannot agree on changes to the tax code, entitlements and spending in six months, the automatic spending cuts and tax increases should go into effect.
For a few weeks, the think tanks and government offices were alive with proposals to reduce debt and reform entitlements, the tax code and just about every other government program.
Some economists dream that the time is ripe for a grand bargain that reforms the tax code, entitlements, and health care simultaneously, boosting productivity, raising revenue, expanding health-care coverage and putting the budget on the path to long-term balance.Towards sterner regulationMr Obama also faces big decisions on reconfiguring America's system of financial regulation.
