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November 11, 2010

Limbaugh to Simson/Bowles: Try Again, Guys

Drew noticed yesterday that the Simpson/Bowles plan actually locked in 2010 spending as a baseline, and only later (in 2012) did it begin to reduce from there.

That's unacceptable. Rush Limbaugh thinks so too.

Essentially this nonstarter of a plan codifies the 22%-of-GDP spending Obama achieved and calls that the new normal, then "cuts" from there. Sometime down the road. maybe.

Our average spending has been between 18 and 20% of GDP (with Reagan spending up to 21% during his military build-up). We've never seen some kind of assumption of 22% of GDP being "normal."

posted by Ace at 03:39 PM

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Our average spending has been between 18 and 20% of GDP (with Reagan spending up to 21% during his military build-up). We've never seen some kind of assumption of 22% of GDP being "normal." posted by Ace at 03:39 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Skip : "G'Day everyone ..." JQ: "Funny, Wolfus! Mom had a cat, what loved to ..." Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Noodus pixyana ..." Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "A micrometer off! 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