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Any alternative must emphasize cuts in mandatory entitlement programs and add revenue.
The fastest-growing share of the budget is in mandatory entitlement programs like Medicare, Social Security and Medicaid.
Mandatory entitlement spending, such as Social Security, Medicare, Medicaid and Obamacare, doesn't need annual congressional approval to go ahead.
More than two-thirds of the annual budget goes to mandatory entitlement programs, mainly Social Security, Medicaid and Medicare.
Mr. Greenspan, by contrast, urged lawmakers to examine cuts in mandatory entitlement programs like Social Security and Medicare.
They constitute an unprecedented reduction of some 10% in non-defence discretionary spending, meaning all government programmes bar mandatory entitlement schemes and defence (see chart).
Similar(48)
This includes direct spending on mandatory entitlements and core discretionary benefits, like housing and energy assistance.
The Congressional Budget Office's predictions assume that, when passing the 13 annual bills for "discretionary" spending (the third of the budget that does not consist of mandatory entitlements such as Social Security payments), Congress will abide by the spending caps introduced in 1997 and meant in theory to prevail through 2002.
He would spend 14.4% of GDP on mandatory entitlements programs, mainly Social Security (5.3%) plus Medicare (3.5%) plus Medicaid (2.4%).
Ever since the 1985 Gramm-Rudman-Hollings (GRH) law, with its annual deficit targets and its across-the-board spending cuts (or "sequestration") to enforce them, policymakers have exempted low-income mandatory (or entitlement) programs whenever they've included backstop mechanisms of that kind in deficit-reduction packages.
Two-thirds of the $2.3 trillion federal budget is consumed by mandatory spending -- entitlement programs like Social Security, Medicare and Medicaid, as well as interest payments on the rising federal debt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com