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Topic: Discretionary spending

In the News (Thu 17 Dec 09)

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	How discretionary spending effects a business valuation - Management Portal (Site not responding. Last check: 2007-10-02)
		Discretionary spending is spending that must be done for the long term profitability of a company, but may be postponed from the current period(s).
		Discretionary spending may be expensed in the current period (as in the standard practices for equipment upkeep, marketing and training), or capitalized and allocated to costs based on their expected life (such as depreciation of equipment replacement or amortization of leasehold improvements).
		Discretionary costs that are expensed in the current period have an even greater impact in that, in addition to the expenditure required for previous deficiencies, they affect the current reported earnings and estimate of future earnings.
	www.themanager.org /Strategy/Discretionary_spending_business_valuation.htm (689 words)

	Administration’s Proposed Discretionary Spending Caps Represent Unsound and Inequitable Policy, 3/1/04
		In short, the discretionary spending caps of the 1990s were part of a larger program of shared sacrifice that was spread across the population and that played an important role in eliminating the large deficits of that era.
		As a result, the stiff cuts in domestic discretionary programs which the proposed caps would lock in would be used not to reduce the deficit, but to finance a modest share of the cost of the tax cuts.
		One lesson of the 1990s is that passing large-scale deficit-reduction measures entails putting all parts of the budget on the table and having various Congressional factions agree to accept deficit-reduction measures that affect their favored parts of the budget, in return for the application of such measures to other parts of the budget as well.
	www.cbpp.org /3-1-04bud.htm (2170 words)

	On Spending, Bush Is No Reagan (Site not responding. Last check: 2007-10-02)
		Discretionary spending represents funds for programs that Congress has to allocate for on an annual basis and it is the type of spending that the president has the most influence over.
		However, the major difference between the two men is discretionary spending not related to national defense.
		Spending money on advanced weaponry to fight terrorism is more important than funding the National Endowment for the Arts or the Corporation for Public Broadcasting.
	www.cato.org /cgi-bin/scripts/printtech.cgi/dailys/06-09-04-2.html (781 words)

	Committee Budget Resolutions Allow Insufficient Funding for Low Income Programs
		Discretionary spending between FY06 and FY10 declines from $47.1 billion in FY06 to $45.5 billion in FY10.
		Discretionary spending for budget function 450, which covers community and regional development programs, including CDBG, the Community Development Financial Institutions Fund and the Rural Community Advancement Program, declines from $22.7 billion in FY05 to $14.4 billion in FY10 in the House committee resolution.
		Discretionary spending for budget function 450 declines from $23 billion in FY05 to $13.4 billion in FY10 in the Senate committee's resolution.
	www.nlihc.org /news/031105.html (1158 words)

	Discretionary spending - Definition from Investor Dictionary - Define meaning of the word Discretionary spending
		Discretionary spending refers to spending set on a yearly basis by decision of Congress and is part of fiscal policy.
		This spending is optional, and in contrast to entitlement programs for which funding is mandatory.
		Discretionary spending;: A research report from the Conference Board (National Industrial Conference Board.
	www.investordictionary.com /definition/discretionary+spending.aspx (167 words)

	Skepticism Over Bush Pledge to Slash Deficit
		This, however, assumes that discretionary spending rises at little more than the rate of inflation and that the president allows his previous tax cuts to expire as scheduled.
		The aim of limiting rises in discretionary spending to 4 per cent a year is harder to achieve because the administration has made it clear that defense and homeland security are exempt from any limitations.
		Outlays on discretionary spending rose by 13.1 per cent in 2002, 12.5 per cent in 2003 and 9 per cent in 2004.
	www.commondreams.org /headlines04/0128-04.htm (907 words)

	FrontPage magazine.com (Site not responding. Last check: 2007-10-02)
		WRL arrives at this "fact" by focusing on what is called "discretionary spending," which is the portion of the budget that is subject to the annual congressional appropriations process.
		Defense spending, which is almost entirely discretionary, was thus 47.5 percent of discretionary spending, and about 17.4 percent of total federal outlays of $2,011 billion.
		With regard to taxes, how much of your taxes go directly to defense spending depends on what your income level is. According to 1997 CBO data, all but the highest income quintile paid more in social insurance taxes (for Social Security and Medicare) than they did in income taxes.
	www.frontpagemag.com /GoPostal/commentdetail.asp?ID=7617&commentID=89102 (534 words)

	Issue Analysis 84 - Clinton’s FY 2000 Budget: Washington Keeps $22 Trillion, Taxpayers Get $0
		The administration is proposing nearly $24 billion in additional spending for FY 2000 ($17.2 billion for discretionary programs and $6.5 billion for mandatory programs), but wants to "offset" this spending with equivalent increases in new taxes and fees.
		The president’s proposal to finance new discretionary spending with tax hikes is, however, in clear violation of the budget enforcement rules.
		These rules require new discretionary spending to be offset by equal reductions in other discretionary programs, unless the new spending is declared "emergency." Ironically, the same rules the president wants to violate in order to boost spending, also prohibit cuts in discretionary spending to finance tax cuts.
	www.cse.org /informed/issues_template.php?issue_id=29 (1371 words)

	Cities for Peace
		The BEA is the law that was designed to limit discretionary spending while ensuring that any new entitlement program or tax cuts did not make the deficit worse.
		Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through 13 annual appropriations bills.
		Set force by the BEA, "pay-as-you-go" refers to requirements that new spending proposals on entitlements or tax cuts must be offset by cuts in other entitlements or by other tax increases, to ensure that the deficit does not rise (see BEA).
	www.ips-dc.org /citiesforpeace/federalbudgetglossary.htm (805 words)

	Untitled
		Discretionary spending - the money for programs that must be "authorized" by Congress every year as distinct from entitlement programs such as Social Security and interest payments - for 2002 amounts to some $661 billion of which more than half goes for military spending.
		The budget proposes increases in spending for the military, for education and other programs by a combined total of $260 billion over 10 years while total discretionary spending would rise just $30 billion during the same period.
		While many other agencies face cuts, military spending is slated to increase by nearly 5 percent - from $299 billion to $319 billion - not counting $14 billion for nuclear arms hidden in the Department of Energy budget and another $1.4 billion in other areas, bringing the total to $335 billion.
	www.pww.org /past-weeks-2001/Budget%20battle%20begins.htm (854 words)

	AAAS R&D Program - Guide to R&D Funding Data - The President's Proposed FY 2005 Budget
		Trends in Discretionary Spending, FY Historical data in the budget show that mandatory programs have grown steadily as a share of the federal budget, and discretionary spending declined until recent years, but the discretionary share of the federal budget is now increasing (especially defense) and is expected to continue to increase moderately to FY 2009.
		Discretionary spending is appropriated each year through 13 appropriations bills of varying sizes.
		Nearly all federal R&D is funded through the discretionary portion of the budget, and although R&D has remained relatively constant as a share of all discretionary spending, R&D has declined as a proportion of the total budget as the discretionary share of the budget has declined.
	www.aaas.org /spp/rd/guibdg05.htm (897 words)

	The Dead Parrot Society: Bush's record on Discretionary Spending
		She looked at the spending records of a number of Presidents, and concluded, among other things, that Bush had cut zero out of 15 different agencies, a spending record as bad as Clinton's second term.
		Although Presidents and Congress can actually control mandatory spending, it is more difficult, and many of the budgets for the agencies she is examining are subject to what economists call "automatic stabilizers"...
		The bottom line is that the spending record for the Bush administration isn't great when you look at this corrected measure -- he still hasn't cut any departments -- but it isn't quite as bad as the "utterly attrocious" label fiscal conservatives like myself would have assigned it before.
	www.deadparrots.net /archives/economics/0410bushs_record_on_discretionary_spending.html (2521 words)

	Issue Analysis 102 - Clinton's Bait-and-Switch FY 2001 Budget Raids Social Security and Taxpayers' Wallets
		The underlying story, however, is that Clinton has explicitly scrapped the discretionary spending caps that have governed budgeting for the past nine years and returned to the “baseline” method of budgeting that gives government programs a virtual entitlement to yearly increases.
		As Chart 2 shows, when compared to current levels of spending, the administration’s use of this technique effectively “builds in” nearly $860 billion in new discretionary spending into the budget in the same way that Social Security’s cost of living adjustments (COLAs) are built in to the budget.
		Another practical effect of returning to baseline budgeting is that, unlike the discretionary spending caps that have been enforced since 1991, the baseline levels become a floor for congressional decisions, not a ceiling.
	www.cse.org /informed/issues_template.php?issue_id=19 (1669 words)

	Steep Domestic Discretionary Spending Cuts In House Budget Far Exceed Substantial Cuts In Senate And President's ...
		Domestic discretionary spending would be cut by $146 billion under the Senate budget and $149 billion under the Administration’s budget.
		When writing its budget, the Senate Budget Committee sharply reduced domestic discretionary spending in the last few years of the ten-year period in order to produce a balanced budget (on paper) by 2013.
		The last time domestic discretionary spending equaled less than three percent of the economy was 40 years ago, in 1963.
	www.cbpp.org /3-28-03bud.htm (1167 words)

	U.S. Senate Republican Policy Committee
		In contrast, President Clinton proposed an "across-the-board limit" in his 1997 budget for spending in FY 2002 if "the President and Congress cannot agree on how to close the gap" of a budget that was in deficit.
		It actually would have reduced discretionary spending below the prior year's level -- in contrast to the slowdown in growth currently proposed by Congress -- and would have reduced spending by far more in both actual dollars and percentage terms than what Congress is now proposing.
		Taking $20 billion out of discretionary spending -- estimated by CBO in 1997 to be $572 billion in 2002 -- translates into a 3.5-percent reduction and a $552-billion level.
	www.senate.gov /~rpc/releases/1999/bd110999.htm (909 words)

	NCPA - Federal Spending & The Budget - JEC Study: Discretionary Spending Fell 1991-1998
		The 104th Congress, elected in 1994, was the first on record to reduce real spending in all three major discretionary spending categories -- defense, international and domestic -- says a report from Congress's Joint Economic Committee.
		Discretionary spending programs are funded by congressional appropriations bills, in contrast to entitlement spending such as for Social Security and Medicare, which occurs automatically.
		Combined discretionary spending fell more than $72 billion in the 104th Congress in inflation-adjusted 1998 dollars (see figure).
	www.ncpa.org /pd/budget/april98e.html (281 words)

	The Phantom Surplus: Commentary
		Even if defense spending rose no faster than inflation, other discretionary items would have to be cut by close to one-fourth to stay under the caps.
		If overall discretionary spending was frozen, allowing the military budget keep pace with inflation would mean other discretionary programs would have to be reduced by an unrealistic 40 percent by 2010.
		If Congress holds the growth of defense spending down to the rate of inflation in the next decade, but lets other discretionary spending grow as rapidly as it did during the 1990's, the surplus shrivels to about $300 billion.
	www.urban.org /Template.cfm?Section=ByAuthor&NavMenuID=63&template=/TaggedContent/ViewPublication.cfm&PublicationID=6888 (831 words)

	FOR IMMEDIATE RELEASE (Site not responding. Last check: 2007-10-02)
		It adopts the aggregate spending levels in the President’s budget for discretionary and mandatory spending, but preserves flexibility for Congress to use these resources to meet emerging needs.
		The bill also calls for reinstatement of discretionary spending limits and “paygo” rules that expire this April.
		Carper-Chafee-Feinstein adopts the aggregate spending levels in the President’s budget for discretionary and mandatory spending, while preserving the flexibility of Congress to use these resources for different policies within the aggregate totals.
	chafee.senate.gov /releases/03200301.htm (894 words)

	BUSH'S BUDGET BLUES (Site not responding. Last check: 2007-10-02)
		It shows that if you replace the unrealistic assumption of zero growth in real discretionary spending with the more reasonable assumption of constant spending per capita, the projected 10-year surplus falls almost $500 billion.
		So going from zero real growth in discretionary spending to keeping such spending constant as a share of GDP - which is the implicit assumption in my back-of-the-envelope calculation above - subtracts more than $1.1 trillion from the budget projection.
		It's true that CBO is required, by rules imposed by a Republican Congress in the 1990s, to assume that absent changes in policy discretionary spending will remain unchanged in real terms.
	www.wws.princeton.edu /~pkrugman/budget.html (897 words)

	Bush plans leanest budget - The Washington Times: Nation/Politics - January 22, 2005 (Site not responding. Last check: 2007-10-02)
		President Bush will propose a virtual freeze on overall non-defense discretionary spending in next year's budget and will abolish or consolidate wasteful, duplicative programs, according to administration budget officials.
		Deep spending cuts are slated for housing and community development block grants, scientific research, agriculture and veterans programs, among other departments and agencies that, along with higher tax revenue from a growing economy, could shrink last year's $400 billion deficit by more than $150 billion, said budget officials who spoke on the condition of anonymity.
		Reischauer cautioned that, even if non-homeland, non-defense discretionary spending is held flat, "it will still be a long way from meaningful deficit reduction because entitlements and defense and homeland security are the engines of spending growth."
	www.washtimes.com /national/20050121-114916-6519r.htm (743 words)

	Blogger: Email Post to a Friend
		Now, I don't much care what W might believe or what he thinks, which are his usual modus operandi for lying through his teeth, here he's making an objective, unqualified claim that discretionary spending has declined each year under his watch before the entire country.
		He claims that, 1) Clinton's final discretionary spending increase was 15%, and, 2) that the rate of increase in discretionary spending during his term has, a) declined from Clinton's rate, and, b) declined year to year during his term.
		Clinton's last budget increased domestic discretionary spending by 4.56 percent; not 15 percent.
	www.blogger.com /email-post.g?blogID=5514689&postID=107640075348044650 (556 words)

	AAAS R&D Program - Guide to R&D Funding Data - The President's Proposed FY 2006 Budget
		Growth in entitlements is expected to continue unchecked, while discretionary spending would decline in real terms.
		The FY 2006 budget proposes to cut overall discretionary spending in FY 2006, in sharp contrast to rapid growth in recent years.
		Historical data in the budget show that mandatory programs have grown steadily as a share of the federal budget, and discretionary spending declined until recent years, but the discretionary share of the federal budget is now increasing (especially defense) and is expected to continue to increase moderately to FY 2010.
	www.aaas.org /spp/rd/guibdg06.htm (1026 words)

	Omnibus Spending Bill Hikes Discretionary Spending by 9 Percent in 2004
		The Heritage Foundation projects that the omnibus appropriations bill (HR 2673) that is currently in the Senate will set the stage for discretionary spending to increase by 9 percent in 2004, rather than the 3 percent figure commonly cited by Members of Congress.
		While discretionary budget authority is projected to increase 3 percent (from $849 billion to $873 billion) upon completion of the 2004 omnibus spending bill, outlays will likely rise by 9 percent (from $824 billion to $900 billion), according to Heritage Foundation calculations based on Congressional Budget Office data.
		The 2004 omnibus spending bill includes thousands of pork projects, ranging from the Please Touch Museum in Philadelphia, to the Rock and Roll Hall of Fame in Cleveland, to construction of a single traffic light in Briarcliff Manor, New York.
	www.heritage.org /Research/Budget/wm385.cfm (893 words)

	FactCheck.org Defending Spending? Bush's Blooper (Site not responding. Last check: 2007-10-02)
		Discretionary spending -- meaning spending that is subject to annual legislative appropriations, as opposed to spending for entitlement programs such as Social Security and Medicare -- actually grew only 5.6% in
		In the first year for which President Bush signed the spending bills discretionary spending growth soared to 13.1%, and annual growth remained in double digits through the current fiscal year.
		White House spokesman Dan Bartlett said the President meant to refer not to discretionary spending overall, but only to the portion of it not attributable to military spending or homeland security.
	www.factcheck.org /article.aspx?docid=139 (937 words)

	Citizen's Guide to the Federal Budget: Fiscal Year 2001
		Budget authority is what the law authorizes, or allows, the Federal Government to spend for programs, projects, or activities.
		It set annual limits on total discretionary spending and created "pay-as-you-go'' rules for any changes in entitlements and taxes (see "pay-as-you-go'').
		Set forth by the BEA, "pay-as-you-go'' refers to requirements that new spending proposals on entitlements or tax cuts must be offset by cuts in other entitlements or by other tax increases, to ensure that the deficit does not rise (see BEA).
	www.gpoaccess.gov /usbudget/fy01/guidegl.html (812 words)

	DawgsOnline: Discretionary spending at UGA
		Adams' spending might be extravagant, but so far I haven't seen anything to suggest misappropriation or fraud - both definitely reasons to fire someone.
		If the concern is with Adams spending excessively or inappropriately, the investigation should naturally turn to what those internal controls are and what the criteria are for them to kick in.
		The spending issue will not get Adams removed unless it can be shown that the controls that should be in place have turned into a rubber stamp.
	www.dawgsonline.com /dol_archives/000061.html (274 words)

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