Suzy Khimm posted a new blog post at Ezra Klein's Wonkblog examining Federal spending projections. The post uses data from five think-tanks commissioned by the Peterson Foundation to come up with their own plans for reducing the deficit over 10 and 25 years: the Center for American Progress and the Economic Policy Institute on the left; the American Action Forum and the Heritage Foundation on the right; and the Bipartisan Policy Center in the middle. Here's the relevant chart:
There are two interesting points. First, that expenses will skyrocket if `we don't do anything (current policy). Secondly, that the sequester (current law) actually fixes the issue.
The debate now isn't really about whether there will ultimately be cuts like this - there likely has to be something similar at some point. The point now is who pays and when.
There are two interesting points. First, that expenses will skyrocket if `we don't do anything (current policy). Secondly, that the sequester (current law) actually fixes the issue.
The debate now isn't really about whether there will ultimately be cuts like this - there likely has to be something similar at some point. The point now is who pays and when.
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