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That's not a budget, that's a cash flow statement. Budgets are expected income and expected expenses. The problem with the US budget is that income is down and
by adestefan 16y ago
That's not a budget, that's a cash flow statement. Budgets are expected income and expected expenses.
The problem with the US budget is that income is down and they always lie about expenses. The income is down because every budget show rosy projections for the economy which means they expect a larger tax base ("Unemployment is going to magically drop 3% in less than a year!") The expenses are higher because they add more all the time without paying for it ("Oh we need to do X, what's a couple million on top of a trillion anyway.")