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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (372175)	2/27/2008 2:31:40 PM
From: TimF	Read Replies (1) \| Respond to of 1574851

How about as a percentage of discretionary spending? All spending is discretionary by the ordinary English definition of the word. (Even payments on the debt are, although of course it would be very foolish to default on the debt) In any case military spending is also on a long term downtrend as a percentage of non-entitlement spending, even if the downtrend is not as dramatic as if you include entitlements. Depends on how much taxes go up If they go up enough to pay for all his new spending plans, and reduce the deficit enough to serious impact the debt service costs, they will have to be truly massive, and rather problematic. Just increasing the tax rates on the very rich back to the level they where at before Bush, isn't even going to come close to being enough.