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<p>[QUOTE="invictus, post: 335559, member: 9973"]It gets much much worse.. at the end of the Government's fiscal year, there is a rush by the program/financial personnel to spend every bit of money that hasn't yet been wasted. Money they don't obligate goes back to the Treasury, and this money is considered "lost." </p><p><br /></p><p>Even "worse," if they can't spend all of this year's expiring appropriations, they might get less to spend next year because someone will figure they're overfunded. Can't let that happen! Not when dollars obligated is THE resume builder (vs $ saved, or value acquired), and more obligations = bigger programs = more personnel needed = higher pay grades for their managers..</p><p><br /></p><p>Some people in the Gov care about the money, but many others are highly incentivized to squander it ruthlessly. </p><p><br /></p><p>This is why I say when there's a chance to stop some bleeding, take it. Kill the money-losing denominations. Every bit helps.[/QUOTE]</p><p><br /></p>
[QUOTE="invictus, post: 335559, member: 9973"]It gets much much worse.. at the end of the Government's fiscal year, there is a rush by the program/financial personnel to spend every bit of money that hasn't yet been wasted. Money they don't obligate goes back to the Treasury, and this money is considered "lost." Even "worse," if they can't spend all of this year's expiring appropriations, they might get less to spend next year because someone will figure they're overfunded. Can't let that happen! Not when dollars obligated is THE resume builder (vs $ saved, or value acquired), and more obligations = bigger programs = more personnel needed = higher pay grades for their managers.. Some people in the Gov care about the money, but many others are highly incentivized to squander it ruthlessly. This is why I say when there's a chance to stop some bleeding, take it. Kill the money-losing denominations. Every bit helps.[/QUOTE]
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