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Thread: Get Ready for a Massive Government Spending Spree

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    Get Ready for a Massive Government Spending Spree

    Get Ready for a Massive Government Spending Spree

    Government agencies started FY18 under a continuing resolution so they had legal and practical reasons to be careful with spending. The Congress passed the Omibus spending bill that pump a lot of extra money into the system. Unfortunately the way Congress does budgets, an agency loses money in the next fiscal year if it doesn't spend the money it is given for the current fiscal year. It results in massive waste of tax dollars.

    A government spending spree of potentially historic proportions will play out over the final seven weeks of fiscal 2018, as federal agencies look to spend $140 billion more than they thought they’d get before Congress passed and President Trump signed the omnibus spending bill.

    Without a budget agreement in place, agencies spent cautiously through the first two quarters of fiscal 2018 before the omnibus—signed six months late in March—obligated an additional $80 billion for defense and $63 billion for civilian agencies.


    Federal agencies, now flush with cash, must obligate that money before the fiscal year ends on Sept. 30 or lose it to the Treasury Department. Analysts believe the federal market will see a monumental effort among procurement officials to spend as much on contracts as possible.


    “If agencies are going to spend the extra money in fiscal 2018, it’s going to have to be at a much higher percentage in the fourth quarter than it has been historically,” David Berteau, president of the Professional Services Council, told Nextgov.
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    Captdon (08-09-2018)

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    barb012's Avatar Senior Member
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    How about they use that extra money to lower the deficit?

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    Quote Originally Posted by barb012 View Post
    How about they use that extra money to lower the deficit?
    Agencies are not interested in that. It would be nice if Congress did not penalize agencies for not spending all of the money allocated to them for a fiscal year. Then the unspent money could go back to the general treasury and the deficits would be lower.
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    Captdon (08-09-2018)

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    It seems the public would disagree with these agencies view on this.

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    Bu, bu, but, the Rethuglicans are in charge now! Fiscal conservatives, aren't they? How can this be?

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    AZ Jim (08-10-2018)

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    Breaking news: the state loves to spend money.

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    If you don't spend it all your budget is cut. Agency heads won't do that. We need zero budgeting. We more than anything else to cut some agencies out.
    Liberals are a clear and present danger to our nation
    Pick your enemies carefully.






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    Peter1469 (08-09-2018)

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    Wonder how many Master's degrees have been issued to people for contriving ways to validate that contrived scheme.

    I don't think it's valid.

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    Quote Originally Posted by Dr. Strangelove View Post
    Bu, bu, but, the Rethuglicans are in charge now! Fiscal conservatives, aren't they? How can this be?
    What world do you live in. Here on Earth, in the US not all republicans are fiscal cons- probably less than a third. The Tea Party is rebuilding- they are true fiscal cons. They equally scare other repubs and dems who want to spend spend spend.
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    Quote Originally Posted by Captdon View Post
    If you don't spend it all your budget is cut...
    That’s actually not true. It is a myth that if you do not spend your entire budget during one fiscal year, your budget is cut for the next year.

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