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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII
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(05-04-2019, 09:31 AM)B2hibry Wrote: Unfortunately, any government entity is going to have a "spend or lose it" mentality. Usually, the end of the fiscal year results in a mass government spending spree. It's the very nature of how the funding system has been set up. Agencies have been conditioned to believe if we don't spend it, we can't justify the same level or greater next cycle. And government agencies should never, ever have to downsize year over year, that would be distinctly unpatriotic. “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
We show less advertisements to registered users. Accounts are free; join today! (05-04-2019, 09:31 AM)B2hibry Wrote: Unfortunately, any government entity is going to have a "spend or lose it" mentality. Usually, the end of the fiscal year results in a mass government spending spree. It's the very nature of how the funding system has been set up. Agencies have been conditioned to believe if we don't spend it, we can't justify the same level or greater next cycle. It makes me wonder how other countries do it.
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(05-04-2019, 04:19 PM)mikesez Wrote:(05-04-2019, 09:31 AM)B2hibry Wrote: Unfortunately, any government entity is going to have a "spend or lose it" mentality. Usually, the end of the fiscal year results in a mass government spending spree. It's the very nature of how the funding system has been set up. Agencies have been conditioned to believe if we don't spend it, we can't justify the same level or greater next cycle. They don't have baseline budgeting.
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(05-04-2019, 07:33 PM)copycat Wrote:(05-04-2019, 04:19 PM)mikesez Wrote: It makes me wonder how other countries do it. And they do have American subsidies for their expenses. “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
(05-04-2019, 07:38 PM)flsprtsgod Wrote:(05-04-2019, 07:33 PM)copycat Wrote: They don't have baseline budgeting. Excellent point.
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(05-04-2019, 07:38 PM)flsprtsgod Wrote:(05-04-2019, 07:33 PM)copycat Wrote: They don't have baseline budgeting. I think the main one is, we spend a lot of money “protecting” countries that should be paying more on their own protection. Back to the deficits, it is very bad to run deficits this big when unemployment is so low. Both parties are to blame, but since Trump is the President, he has to take the bulk of the blame.
(05-05-2019, 02:39 AM)The Real Marty Wrote:(05-04-2019, 07:38 PM)flsprtsgod Wrote: And they do have American subsidies for their expenses. Only 2 ways to fix that; one is impossible and the other political suicide. “An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato
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