Landing the Big One

Landing the Big One

Tuesday, June 06, 2006

A little debate on Navy spending plans


Menzie Chinn over a Econbrowser raises some concerns with a classical analogy here. As the comments note, is it the tax cuts or the increases in spending that may cause a shortfall?

And what about economic growth? Or here?

Congressional Budget Office document here offering some alternative universes (warning pdf format).

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