Then they could use that credibility to reduce the increases in entitlement spending -- the giant set of programs that crowd out everything else.
First, some background: Under pay-as-you-go rules adopted by Democratic majorities in the House and Senate in 2007, tax cuts or increases in entitlement spending must be offset by tax increases or entitlement cuts.
Robert Hall, an economist from Stanford, was more cautious: "I'd agree that the results are likely to be on the positive side, but I can think of future crashes caused by the accumulation of debt".America's accumulation of debt, though, is much more a result of increases in entitlement spending and the fact that annual outlays exceed annual revenues.
CBO estimates that recent narrowing of the deficit could reverse itself as soon as 2016, when increases in entitlement spending overtake mandated cuts.
Young called the Democrat-backed Pay-As-You-Go Act or PAYGO, which requires Congress to offset tax cuts or increases in entitlement spending, "a ruse for spendthrift politicians".
The success of MBP services and its holistic benefits can only be achieved by the substantial increase in entitlements and comprehensive improvements in supply-side factors, especially budget sanction to maternity benefit scheme.
Not really, counters David, since the Republican agenda of more tax cuts for the rich, opposition to minimum wage increases, cuts in "entitlements" and more infrastructure investments are very unpopular.
What this means is that there has been about a $1.5 trillion increase in entitlement spending above and beyond gross domestic product growth.
The strong conservative challenge that is building against H. R. 3200 is largely due to its deficit-busting certainty as well as its increase in entitlement to health care without credible cost containment requirements.
Moreover, after the initial $500 billion increase in entitlement spending that occurred in 2009 versus 2008, which can be attributed to the onset of the financial crisis, the level of this spending actually declined by 7% from point to point (projected 2012 versus 2009).
Do they want to rein in entitlements?
