Econ Comments & Analysis
Mercatus Center | Curbing the Surge in Year-End Federal Government Spending: Reforming ‘Use It or Lose It’ Rules
The “use it or lose it” phenomenon refers to the propensity of US government agencies to spend unused financial resources toward the end of the fiscal year out of fear that leftover resources will be returned to the Department of the Treasury and will prompt future congressional budget cuts for the agency.
AEI | The imaginary retirement-income crisis
Sen. Maria Cantwell (D., Wash.) claimed at a recent congressional hearing that 92% of Americans are unprepared for retirement. Other senators noted studies claiming that 53% to 84% of Americans will have inadequate income in old age.
