It's basically 30 years of the US trying to limit or cut spending. Guess how that's been going?
* 1984: Reagan proposed income tax surcharge and oil tax if deficit exceeded targets. Never enacted * 1985: Gramm-Rudman-Hollings automatically triggered discretionary spending cuts if deficit exceeded target. Circumvented * 1990: Budget Enforcement Act capped discretionary spending and required offsets for tax cuts and new entitlements. Followed until surpluses arose in 1998. * 1993: Clinton set entitlement caps that, if exceeded, required him to propose spending or tax remedies. Was never needed. * 1997: Medicare "Sustainable Growth Rate" mandated cuts in doctor fees if costs grew too quickly. This is a good one: over-ridden every year since 2003. * 2003: A "Medicare funding warning" required the president to propose changes. Ignored and circumvented. * 2010: Independent Payment Advisory Board set up to recommend changes if Medicare spending grows too fast. Takes effect in 2014. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:338129 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
