As you can see, each of the budget proposals increase total spending over FY2014′s baseline level. Each of the proposals cuts discretionary spending below the level recorded for Fiscal Year 2014, while each increases so-called mandatory spending, which covers net interest payments on the national debt, Social Security, Medicare, Medicaid and the new Affordable Care Act exchange subsidies, over what is planned to be spend in FY2014.
Posted on: Sun, 13 Apr 2014 23:08:05 +0000
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