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The Federal Budget: When a Number is Just a (Meaningless) Number
Accounting is dull by nature, and the only thing that makes the craft less appealing is when it deals with the finances of government. I will do my best to make it interesting because the way our country accounts for its finances demonstrates a breath-taking indifference to reality. On Monday, the Congressional Budget Office released its “Updated Budget Projections: 2015 to 2025”. While the report drew extensive media coverage, what isn’t covered is the disconnect between how money actually moves and how the numbers are calculated. The headline number is just a number. Read more…
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