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He said Republicans were not planning cuts, but were merely trying to hold down Medicare spending increases to 7 percent a year from a projected 14 percent.
It has soared to A$41 billion ($32 billion) for the current fiscal year, from a projected A$30 billion a year ago.
It has grown to A$41 billion ($32 billion), equivalent to 2.6% of GDP, for the fiscal year ending in June, from a projected A$30 billion a year ago.
The cost had soared from a projected $400 million to about $2.4 billion.
Economic growth cooled from a projected 4percenttoto just 2.5percentt last year.
EBay's revenue goals are ambitious -- $3 billion by 2005, up from a projected $737.5 million this year.
The annual growth slowed to less than 2 percent from a projected 5 percent, and Egypt's hard currency reserves plunged 25 percent.
That must explain how the Netherlands will bring its budget deficit below the 3% limit in 2013 (from a projected 4.6% deficit this year).
Mr. Cuomo's new budget seeks to reduce the state's share of Medicaid spending from a projected $20.8 billion to about $18 billion.
It is true that he would trim only 4 percent from a projected $6.3 trillion in net Medicare spending over the next decade.
The trade group also projected existing-home sales would increase 0.9percentthis yearar to 5.7 million, up from a projected 5.65 million last year.
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