When the US gov passes spending bills like $2Bil for A and $5Bil for B does it mean other things aren’t funded or money is taken away from other projects?
In my day to day experience nothing change whether a spending bill is passed or not, is there somewhere I can see it? Ive heard US national debt works different than personal debt, is that the case and is it related?
In: Economics
Answer: In short, no. Spending bills don’t get money away from other areas.
Every year the government has to pass a budget, where they determine how much they want to spend on everything for the upcoming year. Spending bills are for unexpected expenses.
For example, you have a Roblox subscription for 1,000 Robux a month (this is your budget) but you want to buy some boosters for this new game you just found. But you already spent the Robux from your budget, so instead of waiting, you spend another $10 to get more Robux. This is a spending bill.
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