I will update the outline to make it a quick read.

America's Governors Hiding Huge Excess Collected Taxes


Copied from: http://web.archive.org/web/20040606030720/http://cafrman.com/Introduction.htm

The Budget and Only the Budget

Individuals believe that “the budget” and “governments” are one. In this site we will not be discussing “the budget”, or the budget process but we will be discussing “governments” and a different government document and process completely unrelated to the budget, the Comprehensive Annual Financial Report (CAFR). The budget is a planning and monitoring document.

Simultaneous Budget Deficits/Shortfalls AND Financial Surpluses

This is the most deceiving topic that governments, politicians, and the news media have conveyed to the public about governmental financial matters. In realty, a government can simultaneously have a budget shortfall and a financial surplus of the taxpayers’ money.

A budget is an estimate of the amount of money to be received and the amounts to be spent for various purposes in a given time. It is a planning and monitoring document. It matches revenues (income) and expenditures…

View original post 2,041 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s