>It may be noted, Nathan, that the interest savings
>under Clinton were not accompanied w/spending growth,
>but the contrary. (The increase under Bush was
>accompanied by spending increases as well.) This
>casts some doubt on the theory that we will spend
>more by spending less (i.e., paying down debt).
So what's going to happen to the domestic spending caps? Will they break 'em, or are we on the "glide path" (wasn't all that long ago that was the fiscal buzzprase, no?) to austerity?
Doug