Fodaoson Loc: South Texas

Is the d federal budget a mandate to spend a certain amount or is it a limit on how much can be spent? Can the executive branch cut spending and balance the budget within limits of what congress has authorized?

SWMBO

It was originally designed as a limit. It is now considered, particularly by the Democrats as the minimum that can be spent, no maximum is required.

Kevyn

If congress authorizes a spending bill and it is signed into law by the president the obligation is to follow through on the provisions of the bill. If the president doesn't agree with the bill his only real option is to veto it rather than signing it into law. A president doesn't have the option of a line item veto.

RT friend Loc: Kangaroo valley NSW Australia

Unusual way of looking at it, and the d federal budget has had an unusual influence on the economy since inflation ended, sure there is some inflation, for 12 months ended March 2020 inflation is 1.5% same as 2010, in 2011 inflation was 3% the highest till March 2020.

High years 1969 = 6.2%. 1974 = 12.3%. 1978 = 9.0%. 1979 = 13.3%. 1980 =12.5%. 1990 = 6.1%. Always in high range.

1992 was the first year starting from 1969 that inflation went below 3.0 % when inflation gravitated to the low range.

This is the crowning achievement of the Reagon Thatcher era of the 1980's where society was reinvented as trickle down money culture, but money was hoarded at the top not invested or spent and that is how inflation was curtailed, not-many economists talk about that, instead they ramp up the Cantillon Effect usually to feather their nest.

Although there is hidden inflation causing a disproportionate bad impact affecting the people living on the edge who are not really sports enthusiasts as Capitalism maintains, and No Country is a sporting event referred by equity exchange indexes, but that is how almost all Nations calibrate their success and failure.

So d federal budget now having bipartisan support as a mandate to spend a certain amount, not less, is the only way to preserve the value of equities, the USA's only competitor China, also supports the USA's d federal budget as a mandate to spend a certain amount, because addiction leads to demise.

Does China have a d federal budget ?.

Not really China probably does more money printing but puts the provincial banks in the hot seat literally, nothing wrong with that either.

lpnmajor Loc: Arkansas

Nope.

Smedley_buzkill

It is neither a mandate nor is it a limit. Congress apparently thinks it's a double-dog dare.