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Reply #86: Please go to the Fed Link. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-04-08 03:38 PM
Response to Reply #82
86. Please go to the Fed Link.
http://fraser.stlouisfed.org/publications/usbudget/page... /

There are two pieces, budget authority & outlays.

Budget authority was cut dramatically.

Outlays flatlined (inflation-adjusted).

Yes, some of budget authority is borrowing authority (leverage), which means ability to initiate & continue projects.

In 1985 there's a spike that looks like liquidation of assets, then more slide.

To understand the full picture, looks like one has to sit down with 8 years of budgets & compare what's funded & what's not, & adjust for inflation to compare, but just reviewing them casually, you can see the hits to subsidized housing, standing contracts, new building/renovation, etc.

And the difference in budget authority is as originally stated.
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