"WHILE Congressmen trade over concessions and budget cuts, the clock continues to tick on America's debt. Barack Obama has set a deadline of July 22nd for Congress to agree on a deal. [continuar a ler ....]
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[....] Levels of spending exceed the heights of the Reagan-era Cold War by $100 billion and the Eisenhower-, Nixon-, H.W. Bush- and Clinton-eras by more than $250 billion. “This ballooning defense budget played a significant role in turning the budget surplus projected a decade ago into a massive deficit,” the CAP experts write. This chart from the report maps out past presidents reducing military spending during similar budget crises:"
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