CEPR's New Budget Calculator Takes a Quick Trip Over to the Chronicle of Philanthropy

There we find an article on House Appropriations Committee approving a bill to cut funding for the National Endowment for Humanities by almost 50 percent. The piece tells readers:

"The measure would allocate $75-million to the NEA, a level last seen in 1974. The president’s proposed fiscal 2014 budget seeks $154.5-million for the grant-making agency."

Using the CEPR budget calculator, it could explain that:

"The measure would allocate $75-million to the NEA, a level last seen in 1974. The pre...