In February, when President Donald Trump sent his latest budget to Congress, he pledged to end the spend-it-all mindset. His Office of Management and Budget is in charge of reining in last-minute binge-buying and promises to continue the crackdown this September.
Important to note: Last September’s $91 billion spending spree was lower than the year before when it nearly topped $97 billion.
So, now it’s open spending season again. Are the federal budget minions frantically writing more checks, or has word trickled down that outraged taxpayers have gotten wise?
Naturally, we won’t know details about this September’s spending until sometime next year when OpenTheBooks has time to gather facts and issue its next report. Thank goodness someone is keeping track.
It’s always easier to spend someone else’s money.
We should insist on zero-based budgeting. Start each year with a new budget with no connection to last year’s spending. For instance, a department may have built a new facility at a cost of ten million in the last fiscal year, but that $10M should not carry over into the next years budget. The maintenance and upkeep for the new building would be a budgeted item.
The 14th Amendment allows the President to declare any debts null and void by corrupt local/state officials (Mayor Wheeler, Cuomo, etc) and countries that funded or assisted with all the rioting and COVID-19 crap going on (China and possibly Iran). Doing this would immediately bring back $5-$10 trillion dollars to the U.S. Treasury. So that's why Trump isn't worried about the national debt or annual deficit.
We need to end “use it or lose it”. Wouldn’t the departments have more incentive to save taxpayer money if they could roll over any money left over in the budget for the following year to balance out any unforeseen expenses?