Don Curren π¨π¦πΊπ¦β #nondefense #discretionary #spending as a percentage of GDP, which bumped up briefly after the 2008 financial crisis and Covid, but has remained low and gradually declining otherwise:β open.substack.com/pub/paulkrug...
NonilexIn exchange for lifting the #DebtLimit, the #deal would meet #Republicansβ demand to #cut some federal spending, albeit w/the help of accounting maneuvers that would give both sides #political cover for an agreement likely to be unpopular w/large swaths of their base voters.
It would impose #caps on #discretionary spending for 2 yrs, though those caps would apply differently to spending on the #military than to other #nondefense #DiscretionarySpending.