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Wednesday, February 16, 2011

But Isn't It All Discretionary?

The word "discretionary" when used to describe various parts of the federal budget always has me a bit confused. Isn't it all discretionary? Couldn't Congress vote to change any of it tomorrow?

Budget puzzle: "In fiscal year 2007, the federal government spent $2.7 trillion. In 2010, the federal government spent about $3.7 trillion. Obama is proposing to spend that amount next year."

Additional links:
Just How Bad Would A 25% Budget Cut Be?
Obama’s Budget: The Greek Model of Public Finance

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