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

To: TimF who wrote (623056)	8/5/2011 8:05:42 PM
From: THE WATSONYOUTH	Read Replies (1) \| Respond to of 1578934

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. OK....but looks like discretionary spending is only increasing about 1.4% a year for the next 5 years. I would guess entitlements and debt rise at least 4% a year.....maybe more. That would total maybe 3.5% increase a year overall. Not 8%......but still enough to match the anticipated (by me) ave yearly increase in GDP. If so the current total spending/GDP ratio will at best remain at the current 25 ratio. Do you agree? So how does Al see it going down? Best case seems to say it doesn't go up. What am I missing?