CSPAN Capitol Hill Hearings February 14, 2013
Economy. About half of nondefense Discretionary Spending can be viewed as investments either in physical structures or in people in the form of education and training. Not all that money is spent well. But some of it is clearly spent for things that the private sector would not otherwise provide. And some of those projects can then have high rates of return and boost the economy in significant ways over time. I think the one concern that people have raised about the cutbacks in Discretionary Spending as a share of g. D. P. That are in place under the sequester but even under the original cast,...