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"About half of all consumption is not really discretionary, it's things like food, energy, medical costs, over which people have very little control in the short run".
But he has noted again and again that only about $15 billion of the city's $42 billion budget is really discretionary and that the biggest pieces are education and police.
"The people who buy [SLKs] typically have a portfolio of vehicles, so it's really discretionary as to whether and when they replace it," Boland says.
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I never believed he would follow through on everything, but he has really brought discretionary issues to the table, healthcare, climate change, peace in the Middle East (not just ending the war).
That's really not consumer discretionary exposure.
But I would argue that those categorized as consumer discretionary really aren't.
Discretionary spending really can.
For that reason what we really need is stronger discretionary and direct supervision.
However, fears of a slowing economy, housing meltdown and higher inflation have really hurt the consumer discretionary sector so far this year.
The drama over Obamacare, however, has obscured what the two parties are really fighting over: total discretionary spending in the coming fiscal year, and how that's divided between defense and non-defense programs.
"Most of the spending restraint I see is targeted at nondefense discretionary, which is really the least of our problems on the spending side," Mr. Bixby said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com