Mr Osborne has stated that the aim of the review is to eliminate the UK's budgetary deficit by 2015 by an average cut of 19% in departmental budgets.

BBC: MP criticises unemployment forecast

He argued that budgetary rules should apply to the aggregate deficit in the euro-area, rather than to each country an extension of a British proposal.

ECONOMIST: EU enlargement

These properties offer investors the highest yield, but are also heavily dependent upon Medicaid and Medicare reimbursement that are under budgetary pressure and could be cut as Congress deals with the deficit.

FORBES: A Prescription For A Durable Health Care REIT That Yields 5.5 Percent

Yesterday, the House Republican leadership introduced a bill to repeal the ACA. Today, the Congressional Budget Office (CBO) sent a letter to the Speaker of the House giving its assessment of the budgetary effects of a repeal: it would increase the budget deficit by hundreds of billions of dollars over the next decade.

WHITEHOUSE: Health Care Blog | The White House

Yet Washington deficit hawks are fond of bashing Social Security as a major source of our budgetary woes.

FORBES: Barack Obama, Mitt Romney, The Presidential Debate, Social Security And The Upcoming Retirement Crisis