NGA Speech Highlight

Interesting highlight from today's speech to the National Governors Association:

"All told, the budget cuts I’ve proposed will bring annual domestic spending to its lowest share of the economy since Dwight Eisenhower. Let me repeat that. Under my budget, if it were to be adopted, domestic discretionary spending would be lower as a percentage of GDP than it was under the nine previous administrations, including under Ronald Reagan’s." - President Obama