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Politics : Formerly About Advanced Micro Devices
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To: THE WATSONYOUTH who wrote (623050)8/5/2011 7:45:57 PM
From: TimF  Read Replies (1) of 1579024
 
Yes. See



Next 5 years discretionary spending cap goes up, $4bil from 2012 to 2013, another $19bil to 204, another $20bil to 2015, another $21bil to 2016, and $24 bil to 2017.

Those are small increases, it might not even be keeping pace with inflation, but

1 - That assumes the budget deal sticks

and

2 - It ignores more spending, it doesn't count entitlements and payments on the debt. With continued large deficits the payments on the debt will climb, possibly rather rapidly since interest rates are unlikely to remain this low. And entitlement spending will climb as the baby boomers have started to retire.

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