When economic conditions permit, states should accumulate budget reserves adequate to maintain services during recessions.
Deficit-reduction efforts should avoid cuts in programs that serve low- and moderate-income populations.
States should not tie essential spending programs to unstable revenue sources.
The federal government must strive for long-term fiscal balance.
At the federal level, the two categories of budgetary expenditures are entitlement and discretionary spending.
Efforts to reform entitlement spending should recognize the following factors:
Older adults are major contributors to the U.S. economy through consumer spending. It is important that this spending take place in a safe and fair marketplace.
These principles provide a flexible framework that applies to all consumer products and services.
Federal, state, and local consumer protection agencies all have a role in safeguarding consumers against fraud, deception, and unfair practices.
New technologies have tremendous potential to transform the lives of all people.
In cases of extremely short supply or high demand, sellers may attempt to profit from the scarcity of essential products and services.