Posts Tagged ‘Antideficiency Act’

  • Thomas Sargent and Cutting the deficit

    Federal Budget: Some Shutdown History

    Oct 2, 13 • 539 Views • No Comments

    “Those who disburse the money are like a saucy boy who knows his grandfather will gratify him, and overturns the sum allowed him at pleasure.” Rep. John Randolph of Virginia, 1806, referring to the executive branch (the saucy boy) and the...  [read more]

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    Part 1: The Basics of a Shutdown

    Feb 28, 11 • 274 Views • No Comments

    Our story begins on October 1, 2010. With a fiscal year that starts on October 1 and ends on September 30, the first day in October is crucial. Because the President and the Congress had not yet agreed on the 2011 budget, in some way, they had to approve...  [read more]