discretionary spending
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Apr 23, 2018 by Michael Cembalest · across every show →
Everything said about discretionary spending, oldest first
Apr 23, 2018 bearish
U.S. entitlement to discretionary spending ratio will hit 5:1 within a decade
“Because in 1970, the country spent the same amount on entitlement spending As it did on all of the rest of the non-entitlement discretionary spending. And so that one to one ratio became one and a half to one, then two to one. And now it's three to one, and it…”