Budget Analysis. Assume the federal outlays and receipts shown in Figures 4.13 and 4.14 remained the same in 2013. Also assume that total revenue for 2013 was $2.9 trillion and total spending was $3.5 trillion.
Suppose that overall spending remains at the 2013 level, but the share of Social Security and Medicare spending increases from 33% to 39% of total spending. How much would non-discretionary spending need to decrease in dollars? As a percentage of 2013 spending?
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