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June 04, 2007

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How simply a budget flattening? Why does have to be the skys the limit or the sky is falling. More likely it will simply level out and gradually tapper back. Also, why would you peg the budget to GDP. That doesn't really make sense in the face of other pressures. Further, fixing the budget to GDP doesn't provide the flexibilty necessary to exceed levels when required. The argument that pegging the budget will protect it doesn't hold when you consider that Congress would have to fix the budget to GDP and could just as easily move the % points around.

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