The 2011 budget deal that imposed caps on federal spending has begun to bite. That’s easy to see with the proposed House Republican budget for 2016 that keeps the lid on domestic spending while popping it open for the military—to the tune of more than a third of a trillion dollars over the coming decade.
It’s a complicated storyline, but worth following if you’re a taxpayer.
For starters, the GOP-controlled House Budget Committee plan pledges to keep the sequestration caps on both domestic and defense spending. But because the nation was waging two wars when Congress wrote the Budget Control Act, it …read more
Source: Time
