Sentences with phrase «social security spending»

Should financial support for the elderly continue to rise as a share of social security spending and relative to earnings of the working population?

Back then, social security spending amounted to around 5 % of gross domestic product.

That's why we have said we would have a cap on structural social security spending, so that government is alert to upward pressures on the benefits bill, and ensures problems are dealt with to keep the budget within limits.

Second, reconciliation bills can not change Social Security spending or dedicated revenue, which are considered «off - budget.»

According to details of the budget provided by a White House official, it will aim to reduce the deficit by $ 1.8 trillion over the next decade through tax increases and a plan to decrease the growth in Social Security spending.

Byrne also promised that a Labour government would «bring social security spending under control.»

However, his successor's early pronouncements suggest the DWP for now remains committed to the scheme, which bundles six current benefits into a single payment, and will, if it stays on schedule, account for # 53bn of social security spending by 2021.

«The chancellor started to look at one important question for the next Parliament in setting out a cap on non-cyclical social security spending... But other, even bigger questions also need to be raised.

We will also keep the cap on benefits and structural social security spending;

Osborne's forecasts of continued austerity in the next parliament, a media and public discourse which continues to harden public opinion against claimants, and an ongoing failure to fix underlying causes of social security spend — by building houses and creating well - paying jobs — all mean that our social security system is heading in the direction of much more short - termism.

Social Security spending has also been affected by aging of the population.

According to the Government Accountability Office (GAO), the United States is on a «fiscally unsustainable» path because of projected future increases in Medicare and Social Security spending.

Both conservatives and liberals agree: the main pressure pushing the federal deficit is entitlements; the discretionary budget is dwarfed by mandatory Medicare, Medicaid, and Social Security spending.

This new development came as a great shock to many analysts, us included, considering how serious the fiscal situation was to begin with... The most troubling potential consequence is that social security spending will increase from an already high 10 % of GDP to 13 %, higher than in Brazil and comparable with... France, Germany, and Japan.