Could Federal Spending Be Capped at 20 Percent of GDP? Should it Be?
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This slideshow discusses proposals to cap US Federal government spending at 20 percent of GDP as a means of controlling the budget deficit. Such a cap would technically be possible, but because of changing US demographics, the cap would require stringent cuts in discretionary spending, social security, and Medicare
![The 20 Percent Solution ,[object Object],[object Object],Posted Jan. 13, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com Congressman Mike Pence (R-Ind.) is among the backers of the 20 percent solution, which he has packaged in the form of a proposed Spending Limit Amendment to the Constitution http://mikepence.house.gov/index.php?option=com_content&view=article&id=3946:sla-page&catid=86:sla&Itemid=109](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Could Federal Spending Be Capped at 20 Percent of GDP? Should it Be?
- 1. More Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Could Federal Spending be Capped at 20 Percent of GDP? Should It Be? Posted January 13, 2011 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.