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.
Net interest is the ratio of net interest income to invested assets. Net interest is also known as net on interest-earning assets.. The formula for net interest is: Net Interest = (Interest Received - Interest Paid) / Average Invested Assets.