Legislators continue to bicker over how and how much to trim from the federal budget in exchange for an agreement to raise the nation's statutory limit on borrowing.

就如何以及削减多少联邦预算以换取增加国家法定举债限额的协议，立法者继续在争吵。

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The law creating the sequester (the Budget Control Act of 2011) lowers statutory caps on the spending authority of federal agencies.

FORBES: Sequester, We Hardly Knew Ye

But a statutory debt limit is a poor substitute for a constitutional balanced budget amendment.

FORBES: Republicans must mark their budget territory

Although poorer countries still limit themselves to ad hoc welfare offerings, fitting the spending level to revenues one budget at a time, there is an increasing trend towards entitlements served by statutory institutions that will outlive the budgetary cycle.

ECONOMIST: Asian welfare states