The House recently passed a budget and ended the sequester cuts that under current law would extend into 2023. How much does this bill increase spending in the next two years? (in actual dollars and as a percentage of the budget)
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glassmagazine.com/glassblog/… - The sequester is a tiny portion of the federal budget so halving the savings or even reversion all of the savings is still a tiny portion of the federal budget. And its all debt because we do not have the revenue to support it.– SoylentGrayCommented Dec 13, 2013 at 18:40
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What i find most troubling is that someone downvoted this. Is ending the sequester partisan? Are budget questions partisan?– user1873Commented Dec 13, 2013 at 20:04
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1I never said it was partisan it is just not a good question. For the most part our ideology aligns... you just choose angles to ask about that are not useful.– SoylentGrayCommented Dec 13, 2013 at 21:06
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1@user1873 I didn't down-vote, but I will say that this isn't a particularly interesting question.– Sam I am says Reinstate MonicaCommented Dec 13, 2013 at 21:41
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2@user1873 - Do not try to make apolitical point with your questions, do not try to slant or use provocative or contentious language in your questions. Your questions should seek information that matters. How much is not such a big problem as what is it in comparison to the total budget. That makes it seem like you are trying to make a point. I suspect that your SNAP question would have been highly voted had it been worded in a non partisan way that did not seem an attempt to vilify the people receiving it.– SoylentGrayCommented Dec 13, 2013 at 22:09
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1 Answer
Per this summary:
The deal caps the federal government's spending for Fiscal Year 2014 at $1.012 trillion and for Fiscal Year 2015 at $1.014
According to Wikipedia, the government's 2013 discretionary spending (which is the comparable number) was $1.264 trillion, so this represents an ~20% decrease in federal spending.
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2any idea why the CBO says it increases spending by $48 billion?– user1873Commented Dec 13, 2013 at 19:26
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The government spends 2.6 trillion dollars a year. the 1.012 is mandatory spending, not discretionary. And incase you are wondering where the other 300 billion is, that is the cost of servicing the debt... which will increase by 48 billion more dollars this year due to this increase. Commented Dec 13, 2013 at 20:16
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@Chad - my impression was that it was the reverse - the 1.012 was discretionary spending, which is what the budget is all about, and the rest was mandatory spending, which is unaffected by the budget.– BobsonCommented Dec 16, 2013 at 14:31
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1@Bobson - It appears that the 1.012 number is a combination of the subset of items that includes both discretionary and mandatory spending that was reduced as part of the fiscal cliff. It is not the whole of either. Commented Dec 18, 2013 at 15:58