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
Generally speaking, no. Funding bills allocate funding for a particular project, and then the Treasury figures out how to get those funds allocated. When possible, they will use tax proceeds; if they don’t have enough tax money, they’ll borrow.
Funding bills _could_ reallocate or deallocate funding, but they rarely do.
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