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Source.


It's it's  

1. Contraction of it is.

2. Contraction of it has. See Usage Note at its.


it's it is or it has
it's be ~have
 hard to get politicians to consider policy problems whose consequences come after the next election. But while campaigns turn on this quarter's employment numbers or this year's deficit, ever-expanding entitlement An individual's right to receive a value or benefit provided by law.

Commonly recognized entitlements are benefits, such as those provided by Social Security or Workers' Compensation.
 programs will need reform soon to avert a fiscal crisis that remains at least a decade away. The Government Accountability Office The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress, and thus an agency in the Legislative Branch of the United States Government.  covers "The Federal Government's Long Term Budget Imbalance imbalance /im·bal·ance/ (im-bal´ans)
1. lack of balance, such as between two opposing muscles or between electrolytes in the body.

2. dysequilibrium (2).
" at www.gao.gov/special. pubs/longterm, with essays explaining the problem and simulation charts that are updated as new data become available.
COPYRIGHT 2005 Reason Foundation
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Reason
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2005
Words:83
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