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We have to begin controlling long-term spending.
When it involves long-term spending, I will be involved".
That leaves interest on the debt as the principal driver of long-term spending and deficits.
Entitlements, at nearly 60%, are the principal cause of long-term spending growth (see chart 2).
He won't deal with our long-term spending problems without us raising taxes.
Business requires a stable environment in which to plan long-term spending.
The plan does little to bring the city's long-term spending in line with expected revenues.
The U.S. government could also curb its long-term spending plans.
The EU countries decide once every seven years on long-term spending priorities.
But many pols simply do not differentiate between short-term and long-term spending, or one-time versus ongoing outlays.
Whatever happens, says Mr McCall, "the city must strive to bring long-term spending in line with recurring revenue".
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