By Adam Andrzejewski for RealClearPolicy
During September 2019, federal agencies spent $91 billion on 642,567 transactions — an average of $3 billion on 21,418 transactions each day. In September 2018, the feds spent $97 billion.
If those figures are shocking, they should be.Federal agencies worry that if they spend less than their budget allows, Congress may give them less funding next fiscal year.So, they begin an annual spending spree with a “use-it or lose-it” mentality to spend all their budgeted funds by the end of the fiscal year, Sept. 30.That led to spending $91 billion in just one month in […]
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