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This Is Why It's So Hard To Cut Public Spending

Odd Lots

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Public Spending Cuts and Historical Context

This chapter explores the complexities of public spending cuts during the Trump administration, comparing contemporary challenges to historical austerity measures like those seen in the Eurozone crisis. It highlights the political hesitations surrounding entitlement and defense spending cuts, while also examining the implications of spending constraints on democratic societies. The discussion further reflects on the contrasting promises made by Eastern and Western governments, the economic fluctuations of the Soviet Union, and how these elements shape current political discourse on public expenditure.

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