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In truth, such deep and sudden cuts could derail the recovery, without ever addressing the real sources of budget deficits — mainly explosive health care costs and incessant high-end tax cuts.
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Greens senator Rachel Siewert said the Coalition should stop using the vulnerable as a source of budget savings.
Incredible as it may seem, the national press corps is almost completely ignoring a report from the government's main source of budget projections.
It is unclear how much support a new subsidy would garner, since many lawmakers view farm programs as a likely source of budget savings.
Labor's health spokeswoman, Catherine King, said it did not matter who the leader was, Malcolm Turnbull had proved the Liberals "only ever see health as a source of budget cuts".
While Mr. Obama has signaled a willingness to make health spending a top source of budget savings in the current debate, he has not sent a similar message on Social Security, even though in budget talks with Republicans this year he entertained the idea of changing the way annual increases in payments are calculated.
Our military -- a major source of budget deficits -- is already stretched thin, for one thing, and can't afford to invade another Iraq for its oil resources.
He came close to appointing himself the head of the giant gas monopoly Gazprom, a major source of Russian budget revenues.
"They should also be addressing large entitlement programs, such as Medicare and Social Security, which are the main source of our budget problems.
The major source of this budget was the taxation on fuel and vehicle ownership.
a The national average of annual household income in 2007 was around NT$923,875. (Source: Directorate General of Budget, Accounting and Statistics, Executive Yuan. Report on the Survey of Family Income and Expenditure in Taiwan Area of Republic of China).
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