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Talk:Backdoor spending authority (view source)
Revision as of 06:39, January 11, 2013
, 06:39, January 11, 2013no edit summary
::::*As a third phase come up with a series of article on the ongoing long term federal fiscal challenge, but update the [[fiscal cliff]] article with just the round-by-round jousting as each deadline approaches.
::::*As a third phase come up with a series of article on the ongoing long term federal fiscal challenge, but update the [[fiscal cliff]] article with just the round-by-round jousting as each deadline approaches.
::::I understand that CP's audience level is home-schooled high school students, but I think that we can write easy to understand articles that are still technically correct. Thanks, [[User:Wschact|Wschact]] 00:46, 11 January 2013 (EST)
::::I understand that CP's audience level is home-schooled high school students, but I think that we can write easy to understand articles that are still technically correct. Thanks, [[User:Wschact|Wschact]] 00:46, 11 January 2013 (EST)
:::::Thanks for your kind words. Now, we must understand, the term "backdoor spending" was authored in U.S. in the Budget Act of 1974. It's [http://books.google.com/books?id=c0FthsyM-KsC&pg=PA77&lpg=PA77&dq=401%28c%29+backdoor+authority&source=bl&ots=SBacPZXnIZ&sig=fVTXVsl7H7faYnXyv5eunmyUCao&hl=en&sa=X&ei=Xa_vUO-wG4iWqgGmuYHQBA&ved=0CDYQ6AEwAQ#v=onepage&q=401%28c%29%20backdoor%20authority&f=false also known as 402(c) authority]. Here's the actual [http://books.google.com/books?id=0UQTLOF5uSEC&pg=PA398&lpg=PA398&dq=401%28c%29+backdoor+authority&source=bl&ots=Rr0tcSbeso&sig=mpZJEMKoWLDSjgOti1nwifTeT-o&hl=en&sa=X&ei=Xa_vUO-wG4iWqgGmuYHQBA&ved=0CDgQ6AEwAg#v=onepage&q=401%28c%29%20backdoor%20authority&f=false text of the law] (I think). These are big issues in the United States, and [http://books.google.com/books?id=LTELAAAAIAAJ&pg=PA12&lpg=PA12&dq=revolving+fund%2Bbackdoor&source=bl&ots=0e-yJ1QkrH&sig=W8j2GyzUDKvvvuv_20N84XdAAcs&hl=en&sa=X&ei=KKzvUOD6FpGbrQHU6YGICg&ved=0CGgQ6AEwCTgK#v=onepage&q=revolving%20fund%2Bbackdoor&f=false numerous attempts to reform] it since its inception in 1932 as the [[Reconstruction Finance Corporation]] have always, it seems, made the matter worse.
:::::We'll soon be having this discussion again with upcoming debt ceiling debate about March 1. Clarifying some of these deliberately ambiguous terms (like Borrowing authority, also called [http://www.gao.gov/assets/130/120223.pdf "authority to spend debt receipts"], pg.46, would be an extraordinary helpful first step for millions of interested parties and readers. [[User:OscarO|OscarO]] 01:39, 11 January 2013 (EST)