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If this proves true, Washington may one day look back and ask why it accepted rosy budgetary projections and did not confront its responsibility to debate and set priorities.
The chancellor will press Britain's case at the next meeting of finance ministers on February 12th, arguing that his budgetary projections are consistent with a prudent interpretation of the stability pact.
To foster a realistic assessment of the true cost of our entitlement programs, the federal government should be required to use accrual accounting as businesses are required to do under Generally Accepted Accounting Principles, so that our budgetary projections are both more reflective of the economic enormity of the entitlement financing problem and transparent to our citizens.
Three separate objectives -- increasing the pay of the U.S. fighting force, replacing aged equipment (a legacy of the procurement holiday of the 1990s), and "transforming" the troops and their equipment to deliver lethal force quickly and from greater distances -- imply a ramp-up in spending that outstrips current budgetary projections because they aren't set in law yet.
Judging by the record, as well the budgetary projections, of the Obama administration and the lobby-infested Congress, however, such an expansionary fiscal policy seems very unlikely.
During the busy spring season when most campuses are engaged with commencement, alumni events, trustee meetings, enrollment and budgetary projections for the fall term, Washington appears tone deaf to higher education's special concerns and vulnerability.
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Money for both was included in budgetary forward projections, promised in signed state and federal agreements.
Although the Congress that hired him is run by Democrats--and he is one himself--Reischauer has won wide praise for steering a nonpartisan course through the treacherous political jungle of budgetary forecasts, projections and estimates.
This budgetary impact projection represents a partial analysis only because other expenditures are likely to rise as well, for instance those associated with physician services, including diagnosis and psychosocial treatment.
SHOUTS & MURMURS about writer adjusting his personal life based on budgetary practices and projections usually associated with governments and large corporations... Page views, click-throughs, and People Meter data concerning me will also be disregarded, except during the aforementioned periods.
By David Owen The New Yorker, July 3, 2000 P. 33 SHOUTS & MURMURS about writer adjusting his personal life based on budgetary practices and projections usually associated with governments and large corporations... Page views, click-throughs, and People Meter data concerning me will also be disregarded, except during the aforementioned periods.
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