Don’t look now, but government is shrinking, at least the discretionary income part. You’d never know it from the growth in federal outlays in recent years -- from $3.45 trillion in 2013 to a new nominal record of $3.65 trillion in 2014 and a projected $3.9 trillion in 2015. And yet while the pie is growing, over the coming decade most federal agencies will be forced to compete for bites of a diminishing slice of it.
It’s Getting Crowded in Here
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