Discretionary Spending In The New Normal
thestatedtruth.com | February 16, 2012
In the new normal let’s review some definitions: (Discretionary spending is a spending category through which governments can spend through an appropriations act.) This spending is optional as part of fiscal policy, in contrast to entitlement programs for which funding is mandatory. As the Budget Control Act cuts discretionary spending to a 50-year low (close to only […]
Austerity Myth…Oh Where, Oh Where Did It Go!
thestatedtruth.com | October 17, 2011
Ugh, what happened to the austerity cuts? Hmm… data released by the Treasury Department on Friday show that, so far, there haven’t been any spending cuts at all. In the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That’s an increase of […]
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