Economics: Budget Cuts Hit Domestic Programs Harder than Defense

There's been plenty of chatter about the cuts to military spending that the Pentagon will have to make in the years ahead, thanks to last August's debt-ceiling deal.

But ...

In 2001, domestic discretionary programs were somewhat larger, as a percentage of GDP, than defense. By 2021, under the current deals, domestic spending will be slightly smaller than defense.

For more, see Budget Cuts Hit Domestic Programs Harder than Defense by Brad Plumer, January 4, 2012 at Ezra Klein.