Increasing the size and role of government comes with larger deficits, mounting debt and/or tax increases.
Money will be used to to support “innovation networks and clusters” to help budding companies scale up significantly.
Spending estimates for the next 12 months were supposed to include $8 billion in new spending.
Committee alleges the only metrics used to measure spending focus on money going out the door rather than what the money is buying.
Economy likely to advance by 2.1% this year and remain above potential growth rate until 2018.