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Cato Podcast

Well-Planned Emergency Spending

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 2 June 2008

⏱️ 7 minutes

🧾️ Download transcript

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Transcript

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0:00.0

This is the Cato Daily Podcast for Monday, June 2, 2008. I'm Caleb Brown.

0:10.0

It's been five years since the start of the war in Iraq, so why is so much of the spending for the war

0:15.6

being done through emergency spending bills, so-called supplementals?

0:20.0

We get some perspective from Cato Institute Budget Fellow Jeff Patch.

0:24.0

Supplemental spending bills are traditionally used for emergency legislation.

0:32.8

They were used after Hurricane Katrina

0:35.0

to provide money to rebuild that region.

0:38.6

And they've also been used since 2001

0:41.6

to fund the wars in Iraq and Afghanistan.

0:44.2

Since 2001, almost 700 billion dollars

0:48.6

in supplemental funding has been provided

0:51.7

for the wars in Iraq and Afghanistan.

0:54.0

Several hundred billion dollars has been in domestic spending.

0:58.0

And libertarians and others have huge concerns

1:02.0

with using supplemental spending bills to subvert the regular budgetary

1:09.7

process because it avoids a lot of transparency in the system and it creates added deficits because

1:17.0

90% of spending for the war in Iraq and the war in Afghanistan are off the books

1:22.0

and so it provides members of Congress. the war in Afghanistan are off the books.

1:22.8

And so it provides members of Congress

1:25.4

with a politically expedient way

1:27.2

to fund the wars in Iraq and Afghanistan

1:30.0

without taking into consideration long-term effects on the nation's fiscal house.

...

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