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re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/14/19 at 10:39 am to wickowick
Posted on 2/14/19 at 10:39 am to wickowick
quote:
Presently, the [automatic annual] Baseline Budgeting increase is about 7%.
Do you interpret this to mean that it is 7% annually in following years? Why hasn't that happened? Baseline budgeting doesn't set population growth rate or inflation rate adjustments for future years. Neither do they mandate future spending. Agency budgets have not grown anywhere near 5% annually, nor has discretionary spending. Your presentation so far has been exactly wrong.
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