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| Time for the Federal Budget Process to Include Unfunded Retirement Entitlement Obligations The Heritage Foundation  [Opinion] Feb. 4, 2005 Excerpt: In the private sector, future obligations require regular payments or are at least disclosed on a company's annual balance sheet. However, because the federal budget process excludes any measure of entitlement obligations and does not require that money be set aside to finance them, lawmakers continue to ignore the harsh fiscal reality that entitlements impose. In fact, under the current budget process, Members of Congress and the President have every incentive to increase[.] |
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