Knock-knock.
Who's there?
John.
John who?
John Gault!
Hemorrhaging – Especially Uncle Sam
Posted on May 10, 2009 by Herself
There are various entities in the Federal government that look at the financial status of the government (OBM, CBO, etc). ”Budget” is simply a prediction of future spending and receipts, and whether or not it is balanced is determined by what actually happens, not what is forecast to happen.
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