OpenTheBooks.com founder talks about a new report on America’s debt and spending habits.

It’s called use-it-or-lose-it spending. Federal agencies spent $97 billion in the last month of the fiscal year — September 2018. These agencies rush to spend down their budgets at year’s end so they don’t lose it for the next year.

In fact, $1 of every $10 spent by federal agencies on contracts during the year was spent in the last week. That’s $53 billion out the door — all in one week.

Yesterday, OpenTheBooks.com founder Adam Andrzejewski discussed America’s debt and spending on C-SPAN’s Washington Journal.

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