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.
Updated July 06, 2017. Definition: The interest on the national debt is how much the federal government must pay on outstanding public debt each year. The current interest on the debt is  $266 billion. That's from the federal budget for fiscal year 2017 (October 1, 2016, through September 30, 2017).