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Politics : President Barack Obama
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To: Road Walker who wrote (81096)8/17/2010 4:47:45 PM
From: TimF  Read Replies (1) of 149317
 
So we're talking about the change from fiscal 2011 to fiscal 2012 right.

You mean in terms of the years when you expect spending to go "way down"? That would work for me, or 2011 to 2013, or 2011 to 2014. I don't expect even "down" over any of those time frames, and I'd be shocked by "way down".

We might get restraint on growth. Really that would be all that we need if it was durable, but it can't be durable without serious entitlement reform, that would probably have to involved serious cuts in benefits (reduction of benefit payments at least below what they would otherwise be, slowing their growth significantly even if there is no major year on year reduction, reduction in who they got paid to through means testing, reduction in payees through increasing the age of eligibility, or something similar).
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