This relies on projections by government agencies on budget deficits, public debt, and entitlement spending.
It should appeal politically to legislators given that it freezes, but does not cut, entitlement spending.
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Gordon said yes, but early retirement for all will only worsen the entitlement spending blow-up underway.
Soon after, the fiscal pendulum will swing fiercely, as baby boomers retire and entitlement spending soars.
There are some in government who think we can choose between military spending and entitlement spending.
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Addressing entitlement spending is the right thing to do because small changes now have a big impact later.
Yes, the government will have to reduce entitlement spending to achieve a fiscal balance, but cuts should be even-handed.
Yet they also make clear that controlling entitlement spending is the real challenge.
Okay, fellas: But the point of the sequester is to draw attention to the much more serious problem of entitlement spending.
Republicans want to lower taxes and entitlement spending but not Pentagon spending (of course) and as history has shown, not deficits.
Hitting ambitious growth goals may be the only way to tame deficits in an age when the aged ensure massive entitlement spending.
And yes, let's move to do what we can on entitlement spending.
Summers was firm on expecting reductions in entitlement spending at a greater dollar level than taxes will be raised on the rich.
The red ink is driven by growth in entitlement spending, most of it on Medicare, the government's health scheme for the elderly.
And whopping 72% suggested reforming and reducing entitlement spending to do so.
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In exchange for much-needed entitlement spending reform, wealthy Americans may be asked to pay more to help bring down our federal budget deficit.
It will also make it harder to solve the coming entitlement spending wave that will narrow the policy options for other liberal priorities.
It didn't do enough to cut entitlement spending, as many conservatives argued at the time, and it arguably undermined the 1986 tax reform.
Obviously, Congress could choose to cut discretionary spending less and make up the difference by cutting so-called mandatory entitlement spending if it so desired.
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The big long-term problems are runaway entitlement spending and inadequate revenue, but the specific cuts in the legislation focus almost entirely on discretionary spending.
None of his State of the Union proposals tackled the long-term deficit in a meaningful way, either through future tax increases or entitlement spending caps.
There are two other pressing challenges that I have raised repeatedly before this body, and that this body has failed to address: entitlement spending and immigration.
And the building process continues today as we look at some of the areas of disagreement on entitlement spending and on spending through the tax code.
"Combined with control of entitlement spending and a long-term solution to the Alternative Minimum Tax, this can have a beneficial effect on long-run growth, " the report says.
As we take these steps to address discretionary spending, we also need to confront the biggest challenge to the Federal budget: the unsustainable growth in entitlement spending.
But according to the Centre on Budget and Policy Priorities, over half of all entitlement spending flows to the elderly and around 40% is spent on health care.
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Both conservatives looking to pare back entitlement spending and liberals hoping to make the tax system more progressive should be willing to sign onto reforms that flip this equation.
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And this is why any solution to the big problems of government-run health care entitlement spending must come from reforms that restructure the programs and make them more efficient.
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As Caplan has pointed out elsewhere, if we are going to get serious about reining in spending, we are going to have to address entitlement spending for the elderly.
Entitlement spending is the driver of deficits, but entitlement reforms, such as raising the retirement age or converting Medicare to grants, collide with the core of liberal statist thinking.
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