This chart that I put together for The American magazine shows among other things why President Obama’s freeze of non-defense, non-homeland-security spending, minus gigantic loopholes, won’t do anything for us. That’s also why a PAYGO rule that applies to all new entitlement spending but doesn’t apply to the existing is a joke.
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About the Author
Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.
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