The Modern Budget Era Problem Is Tiered to the Formal Legislative Baking in of Required Future Spending Increases

In some cases, those expectations are on automatic spending increases. That's in the area of what we call entitlements, so security, Medicare, and a few other programs. So that's one way of understanding why we have had this record of chronic deficits and mounting debt. The modern budget era problem is tied to the formal legislative baking in of required future spending increases.