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Despite this reduction in entitlement, there are as many people claiming incapacity benefit as when Labour came to power.
What needs to be done is a massive reduction in entitlement benefits; a phased-in reduction of expenditures until outlays equal receipts is the only viable long term solution to the problem.
Similar(58)
That would mean a reduction in entitlements".
President Obama took to the microphone yet again on Friday to plead for his overly generous offer to the Republicans to cut up to $3 trillion in federal spending over the next decade — including disturbing reductions in entitlement spending — in exchange for modest increases in tax revenues, which he noted that most Americans supported.
Mr. Obama has proposed alternative deficit-reduction measures to avoid the threatened automatic cuts, but Republicans oppose his plan because it calls for additional revenues from higher taxes on the wealthy as well as spending reductions in entitlement benefit programs like Medicare, farm subsidies and federal pension programs.
Reports through the weekend suggested that Mr. Boehner had come some way toward the president's position, offering for the first time to support raising the tax rate on high incomes and include an increase in the nation's debt limit, if the president agreed to more long-term reductions in entitlement programs.
Mr Cantor had already rejected Mr Boehner's secretive attempt to negotiate what could have been an historic bargain with Mr Obama embracing a higher tax take (anathema to Republicans) as well as vast reductions in entitlement spending (music to their ears).Noises off are the third problem.
The president, according to attendees and aides, said he was committed to a balanced approach of reductions in entitlements and other government spending and increases in revenue.
"A reduction in holiday entitlement will be phased in over three years.
To voluntarily accept a reduction in pension entitlement which has been built up over many years and in other employments in addition to RBS, is not warranted".
"I believe that they have been, and to voluntarily accept a reduction in pension entitlement which has been built up over many years and in other employments in addition to RBS, is not warranted".
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