In January 1918, some ten months before the end of World War I, US President Woodrow Wilson had written a list of proposed war aims which he called the Fourteen Points..
Today, discretionary spending makes up less than 40 percent of the entire budget. Net Interest-Net interest is the only part of future spending that cannot be reduced by legislative action because it is money that must be paid to service the U.S. debt.
The United States federal government expects to spend $3.8 trillion dollars in 2015 â that sounds like a lot of money, and it is. Thatâs about $12,000 for each woman, man and child living in the United States. Itâs also about 21 percent of the entire United States economy.