CSPAN March 18, 2014
You get very lower but low numbers for Discretionary Spending. Can we run government at a smaller gdp than we had in 1940 . I dont think so. But the other thing that has happened that may not be sustainable is that the rate of Health Care Spending has slowed. Its slowed dramatically. We are not quite sure why thats true. Part of it is the recession and we mayowth and low have come to our senses and realize that our Health Care System is an efficient. True. Both are we are working very hard where i am at the Bookings Institution on how do we keep these reforms sustained so we can produce more h...
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