When is a cut, a cut? (part 2)
The months-long debt ceiling debate ended abruptly and just in time as Congress reached an agreement to raise the limit and cut nearly $1 trillion in spending. In Part 1 of our “If it walks like a duck” infographic series, we displayed why it may not even be accurate to call these spending reductions cuts as they simply decrease the rate at which spending increases. Now we take a look at what the so-called cuts actually do. Do they address the biggest drivers of our national debt? Will they have a significant long-term impact in controlling our economic crisis?