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.
Interest begins accruing on any unpaid tax and continues accruing until the tax is paid in full. The rate of interest is determined quarterly and is the federal short-term rate plus 3 percent. Unlike penalties that are often abated for reasonable cause, penalty charges are rarely abated.