> "meaningfully" is doing all the lifting here. You got me (I actually felt guilt writing that weaselly sentence!). The reason I still wrote it is because I'm

> "meaningfully" is doing all the lifting here. You got me (I actually felt guilt writing that weaselly sentence!). The reason I still wrote it is because I'm reasonably confident it's correct (for some definition of 'meaningfully'). For example, in my lifetime, I can't recall any OECD country cutting its government spending by, say, 20% or more (I haven't looked it up, but I'd guess Greece during austerity might be the best example in the past 20 years, even then I doubt it was as much as 20% [0]). [0] There's another annoyingly confounding factor, which is Keynesian economics suggests governments should not cut spending during a crisis (or at a time when private spending is likely to be too low), which creates a 'capture' all of its own! (a bit like 'too big to fail' did for banks).