It includes all spending as it should. Calling spending "one off" doesn't mean you are spending a penny less. It might suggest that spending will go back down later, but the reality is that its very unlikely to do so, and is not projected to do so by just about anyone.
But if you are including TARP and the stimulus in this years spending I would be willing to bet next years spending goes way down.
Not just down but way down? I'd certainly take that bet, if the payoff could reliably be assured, and the transactions costs (in time and effort as well as money) where close to nil.
I'm sure there will be tons of talk about cuts, even slashes, not even just as proposed items, but as things that have already occurred, but those cuts are just going to be reductions in growth, cuts from what was planned to have been spent, but not lower spending than the year before (at least in total, specific programs may actually be cut).
How big of reduction, what percentage, would you consider to be spending going "way down"? |
