Unfortunately in January of 2008 the Department of Energy canceled funding for FutureGen, citing cost overruns and budgetary challenges.
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Based on past experience, almost all will be extended after some debate about how or whether to pay for their budgetary cost.
On this assumption, the net budgetary cost roughly balances the trade benefits.
This bargain has been breaking down, not because of the heartlessness of civil servants but because of a clash between scientific advance and budgetary cost.
The AMT patch and the Bush tax cuts have been extended without offsetting tax increases or spending cuts, in part justified by the relatively modest budgetary cost of a short-term extension.
The equivalent stimulus could have been achieved at a much lower budgetary cost, both near and long term, by focusing tax cuts on lower-income households who are more likely to spend their gains.
If we could miraculously and immediately get back to full employment at no net budgetary cost via spending that pays for itself that would mean, at most, 5 percent more GDP for 4 years relative to what the CBO projects will arise.
By the time they make it to the Medicare rolls, their cost of care could wipe out any budgetary savings.
In particular, how do you balance the loss of public sector investments and jobs that will cost more in the long run with short term budgetary gains?
Just last week, for example, the Supreme Soviet further delayed action on an emigration bill, this time citing concerns over a potential "brain-drain" and adverse budgetary implications arising from the 10-20 billion ruble cost to print new passports and customs forms which would be needed to implement the new law.
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