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The president's budget would stabilize the debt as a share of the economy through the second half of the decade, but would do so at too high of a level and without the necessary entitlement reforms to bring down the debt over the long-run..
Both stadium visions cleared all the necessary entitlement hurdles with blistering speed.
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Despite years of previous efforts to lure a franchise, then spending the money and time on the necessary entitlements to position the stadium as a temporary site, the RBOC voted unanimously to pursue an annual music festival.
There are two viable proposals with all the necessary entitlements and financing plans to begin construction — and, most important, they are sites backed by existing team owners, as opposed to local developers and business leaders pushing their own stadium dreams.
Los Angeles will be a focal point in the coming months, with St . LouisRams owner Stan Kroenke inching closer to getting the necessary entitlements for his proposed 80,000-seat stadium in Inglewood, and the San Diego Chargers mulling countermoves to try to block a team — the Rams or the Oakland Raiders — from moving into the L.A. market.
He's proposed necessary structural entitlement reforms, which the Democrats are unwilling to do.
And Berlusconi, in power for much of the last 17 years, has made minimal progress on necessary tax, regulatory and entitlement reforms.
"The administration's insistence on raising taxes on job creators and its reluctance to take the steps necessary to strengthen our entitlement programs are the reasons the president and I were not able to reach an agreement previously," Mr. Boehner said.
In December 2010 the commission, led by Erskine Bowles and Alan Simpson, delivered its list of spending cuts and revenue increases, plus the entitlement reforms necessary to fortify Medicare and Social Security for the surge of baby-boom retirees.
House speaker John Boehner said: "This administration's insistence on raising taxes on job creators, and its reluctance to take the steps necessary to strengthen our entitlement programs, are the reasons the president and I were not able to reach an agreement previously – and it is evident today that these barriers remain".
Instead, they would be used to buy a little more time for our failing public institutions -- postponing a reckoning with unsustainable pension commitments, delaying necessary reforms in our entitlement system and propping up an educational sector whose results don't match the costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com