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March 03, 2003

GOP Admits Massive Cuts in Social Programs

Okay, got a love this one.

The GOP is arguing that the coming $300 billion plus deficits are no record, if you count the deficit as a percentage of GDP:

In the current battle, Republicans say the huge forecast deficits are manageable when compared to the size of the U.S. economy.

Next year's projected $307 billion shortfall would be 2.7 percent of the $10.5 trillion economy--a proportion many economists don't find alarming by itself.

Which is true, but what happened to the Republicans who always talked about rising spending, ignoring the even faster growing GDP? When Democrats used to argue that spending was falling because it wasn't keeping up with the growth of the economy, Republicans proclaimed that more dollars were more dollars.

Just to put the hard numbers on this, go to these historical tables and check out Table 3.

Since the GOP took over Congress in 1994, non-defense spending as a percentage of GDP has fallen from 17.0% of GDP down to 16.3% of GDP projected for 2004.

To repeat, if the measure is percentage of GDP-- and a fair measure it is-- then the GOP has been slashing spending on non-defense needs such as education, health care and the environment.

So finally the GOP is admitting that they've been slashing spending on social programs.

Let's hold them to their new found economic literacy.

Posted by Nathan at March 3, 2003 07:41 PM

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