US Economy, US Federal Budget–To Cut or Not to Cut?

ECONOMIC SCENE Why Budget Cuts Don’t Bring Prosperity By DAVID LEONHARDT New York Times, February 22, 2011 Remember the German economic boom of 2010? Germany’s economic growth surged in the middle of last year, causing commentators both there and here to proclaim that American stimulus had failed and German austerity had worked. Germany’s announced budget …

2001 Gessaman (US) Understanding the Federal Budget–If It Is Not in the Budget, It is Not Policy

Don Gessaman was the Deputy Associate  Director for National Security at the Office of Management and Budget (OMB) for over a decade, and in that capacity managed the oversight, as the most senior civil servant in OMB for defense, diplomacy, aid, and intelligence.  Today Kathleen Peroff manages this money, over one trillion dollars a year, …

Steven Aftergood: It Is Official: Federal Government Can Lie in Budget Statements

Accounting Board Okays Deceptive Budget Practices Government agencies may remove or omit budget information from their public financial statements and may present expenditures that are associated with one budget line item as if they were associated with another line item in order to protect classified information, the Federal Accounting Standards Advisory Board concluded last week. …