Olemike's Blog

The Moment of Truth

Posted by olemike on 12/02/2010

Recommendation from Bi-partisan Debt Commission.

RECOMMENDATION 1.1: CAP DISCRETIONARY SPENDING THROUGH 2020.   Hold spending in 2012 equal to or lower than spending in 2011, and return spending to precrisis 2008 levels in real terms in 2013.   Limit future spending growth to half the projected inflation rate through 2020.

I like this even though I don’t know many details.  Congress has always found new ways to spend our money.  Hopefully, implementing this would help cap that exercise.

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