Hmmm. I’m always amazed that knowing how to manage money is not a prerequisite to actually having an account. Welcome to the position of every average Joe in America. Bring the conversation down to a basic household level. We have the same issues. Credit card debt, college debt. State, county and property taxes soaring prices on everythi…
Hmmm. I’m always amazed that knowing how to manage money is not a prerequisite to actually having an account. Welcome to the position of every average Joe in America. Bring the conversation down to a basic household level. We have the same issues. Credit card debt, college debt. State, county and property taxes soaring prices on everything. Perhaps I’m showing my ignorance, but to me, all agencies under the Federal government are budgeted areas. Much like paying for a vacation or a new deck in the backyard or healthcare, property taxes.. etc. It galls me to think that I contribute to a checkbook with no balance. Or checks.
Given Congress' penchant for pork-laden continuing resolutions, no, agencies of the Federal government are NOT budgeted areas.
That would require timely passage of appropriations bills--and ideally there should be one bill for each agency.
Instead, through the continuing resolution, Congress periodically doles out spending authority, never mind what the government is actually likely to collect in taxes, and while new spending is supposed to be "paid for" by spending cuts elsewhere, it rarety actually is.
Then the Treasury gets to herd all of these fiscal cats while working with the Fed to generate more debt and expand the money supply so that there are dollars on hand to pay for everything.
The way the Federal government uses the term "budget" and the way ordinary folks on Main Street use the term are vastly different.
Hmmm. I’m always amazed that knowing how to manage money is not a prerequisite to actually having an account. Welcome to the position of every average Joe in America. Bring the conversation down to a basic household level. We have the same issues. Credit card debt, college debt. State, county and property taxes soaring prices on everything. Perhaps I’m showing my ignorance, but to me, all agencies under the Federal government are budgeted areas. Much like paying for a vacation or a new deck in the backyard or healthcare, property taxes.. etc. It galls me to think that I contribute to a checkbook with no balance. Or checks.
Given Congress' penchant for pork-laden continuing resolutions, no, agencies of the Federal government are NOT budgeted areas.
That would require timely passage of appropriations bills--and ideally there should be one bill for each agency.
Instead, through the continuing resolution, Congress periodically doles out spending authority, never mind what the government is actually likely to collect in taxes, and while new spending is supposed to be "paid for" by spending cuts elsewhere, it rarety actually is.
Then the Treasury gets to herd all of these fiscal cats while working with the Fed to generate more debt and expand the money supply so that there are dollars on hand to pay for everything.
The way the Federal government uses the term "budget" and the way ordinary folks on Main Street use the term are vastly different.