Academic

BOB CORKER has introduced his new spending-cap bill. Among other things, it would ?Put in place a 1?

By Glenn Reynolds

BOB CORKER has introduced his new spending-cap bill. Among other things, it would “Put in place a 10-year glide path to cap all spending ? discretionary and mandatory ? to a declining percentage of the country?s gross domestic product, eventually bringing spending down from the current level, 24.7 percent of GDP, to the 40-year historical level of 20.6 percent.” I’d prefer 18 percent, but I’ll take this if I can get it.

Full post as published by Instapundit.com on February 03, 2011 (boomark / email).