So point number two, the budget is no different. It's not a different creature, except for the ability to borrow. Point number three, We distinguish in our federal spending between mandatory and discretionary spending. Mandatory spending is spending that's going to happen pretty much outside the normal appropriations process because it's set into law, how it's going to be spent, how it's going to be arranged, how it's going to be spent. (12:07–12:14)
CLAIM
Asserts that federal spending is categorized into mandatory and discretionary spending.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
