I am familiar with it and if enacted, everyone has to cut back. Corporations do this all the time. You can’t tell me that every office, every department, every agency can’t find 1% waste in their organizational budgets. At least.
When I first heard of this plan I tthought it was to cut spending by a paltry 1 percent. Thanks to this post, I now know that it cuts spending by 1 percent of GDP. That makes more sense to me now. It’ll work fine until the government starts cooking the books as to what GDP really is...like they are currently doing with inflation.
“You cant tell me that every office, every department, every agency cant find 1% waste in their organizational budgets.”
The waste in Washington is monumental (pardon the pun), and far beyond what most people could ever imagine. To your point, GAO reports routinely finds and documents agency waste and mismangement on a grand scale. The corrupt media rarely recounts these findings, unless of course it serves to embarass a Republican administration.