Concentrating on the Wrong Target: Bush Cuts Would Reduce Domestic Discretionary Spending, As A Share of GDP, To Its Lowest Level in 46 Years
Publication Date: March 2004
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Federal budget; Fiscal future; Economic projections
The Administration’s new budget has one main focus when it comes to reducing the deficit: domestic discretionary spending. This focus is disproportionate; the rise in domestic discretionary spending plays a bit part when it comes to telling the story of why the nation’s fiscal situation has worsened. Further, because such spending constitutes a minor part of the budget, even though the proposed cuts in this area will hit a range of programs sharply, the cuts will not dramatically improve the fiscal picture.