Political Quotes

Norman D. Dicks: “Of course, as the gentlewoman certainly knows and appreciates, this is budget authority. You do not really spend money…”

On the recordMay 22, 1996
Of course, as the gentlewoman certainly knows and appreciates, this is budget authority. You do not really spend money until you spend it. That is an outlay. So they had the budget authority, but they never spent the money. So that would not incur any obligation by the Federal Treasury. In a sense, they had the ability to draw on the Treasury up to $4 billion, but they did not do it. What we did with that BA is move it to other higher priority items like Bosnia, so we did not have to appropriate additional money, and again that was agreed to.
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Norman D. Dicks

Editor's note · Context

Discussing budget authority and its implications for federal spending.

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