Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
The September Spending Frenzy That Wastes Billions
Every September, federal agencies go on a trillion-dollar shopping spree to exhaust their budgets before the fiscal year ends—a phenomenon known as 'use it or lose it' spending. In this episode, Lucas and Luna break down how the Pentagon spent $600 million on spare parts it didn't need in fiscal 2025, why the Department of Agriculture bought $50 million in excess equipment, and how the government's budgeting rules create perverse incentives that waste tens of billions annually. They also discuss reform efforts like carryover authority and whether the current administration…
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