Cutting spending in a time of a major economic contraction worked so well in the ’30s that we just have to do it again.
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I agree this deal is terrible. It does nothing to reign in favored special interests, take a look at point 2, “[the deal]….. is designed to protect crucial investments like aid for college students;” If there is one thing I know the government wastes money on it is student aid. It just allows law schools to charge more without any additional benefits to students, the government or society.
Then you will be pleased to learn that the program at issue was Pell Grants, and Pell Grants are only available to undergraduates (and some post-grad teacher certificate students).