Commentary: Waste It or Lose It

Volume XX No.40: October 2, 2015

Actually, the more common term is \”use it or lose it\” and you can bet that phrase was used around federal agencies for the last month or so. Much of the cash doled out through discretionary spending expires at the end of the fiscal year. Agencies are loath to leave any money unspent, afraid that doing so will lead budget makers to reduce future funds by that amount. So buy that copier, purchase more pens, award a contract, just spend it before midnight on September 30!