Guest Keith Peterson in dailyherald:
With our divided government, the Republican attempt to force through reductions in non-defense discretionary spending was never going to fly.
The last time we had a budget surplus our federal budget was about $1.86 trillion; out budget surplus was about $128 billion, and our national debt stood at less than 60 percent of GDP. The agreement just signed could have created a bipartisan working group to look at entitlement spending -- Social Security and Medicare -- with its report due right after the 2024 election because the first year of a second-term presidency is about the only time in a political calendar to get something really major done.
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