Musings on Macroeconomics
Wednesday, October 21, 2015
Discretionary Fiscal Spending
The news story
http://www.nytimes.com/2015/10/20/us/politics/republican-freedom-caucuss-revolt-in-house-is-stoked-back-home.html?hp&action=click&pgtype=Homepage&module=first-column-region®ion=top-news&WT.nav=top-news&_r=1
refers to a Congressional Budget office report that indicates the levels of discretionary fiscal spending has dropped as a percentage of GDP.
Congressional Budget Office report:
https://www.cbo.gov/publication/50724
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