Budget

“The Complacent Class”

“The Complacent Class”

The Complacent Class (Episode 1/5) Compare today to the 1950s. At that time, a typical apartment in New York City rented for about $60 per month, or, adjusting for inflation, about $530 a month. … Or to put that 1950s rent in perspective, the U.S. median wage at that time was about $5,000 a year, […]

Backdoor Authority / Backdoor Spending (CongressionalGlossary.com)

Backdoor Authority / Backdoor Spending (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Backdoor Authority / Backdoor Spending A colloquial phrase for budget authority provided in laws other than appropriations acts, including contract authority and borrowing authority, as well as entitlement authority and the outlays that result from that budget authority.   Fiscal Law #1 – Overview   […]

Obligation (CongressionalGlossary.com)

Obligation (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Obligation photo credit: smudie A legally binding agreement that will result in outlays, immediately or in the future. A promise to pay. The obligation, the promise to pay, is the initial action in the Federal spending process. Appropriations laws establish whether funds are available to […]

Regular Appropriations / Supplemental Appropriations / Continuing Resolutions (CongressionalGlossary.com)

Regular Appropriations / Supplemental Appropriations / Continuing Resolutions (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Regular Appropriations / Supplemental Appropriations / Continuing Resolutions There are three types of appropriations bills considered by the Congress. Regular appropriations bills provide funding to agencies for the next fiscal year, which runs from October 1 to September 30. Supplemental appropriations bills provide additional funding […]

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

Changes in Mandatory Program Spending / CHIMPS (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Changes in Mandatory Program Spending / CHIMPS   Sessions Unveils Amendments To Combat Billions In Spending Through Waste, Gimmicks   CHIMP is an acronym for a “CHange (either a cost or a savings) In a Mandatory Program” that is proposed or enacted in an appropriations […]

Office of Personnel Management / Other People’s Money / OPM (CongressionalGlossary.com)

Office of Personnel Management / Other People’s Money / OPM (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Office of Personnel Management / Other People’s Money / OPM The core mission of the Office of Personnel Management (OPM): “serves the public by providing human resource management leadership and high-quality services that protect and strengthen the merit system of government in partnership with other […]

Frugal Living and The Tightwad Gazette

Frugal Living and The Tightwad Gazette

Over the years our average income has been less than $30,000 (including my husband’s Navy salary and all allowances, plus my spotty freelance income). In less than seven years we saved $49,000, made significant investment purchases (vehicles, appliances, furniture) of $38,000, and were completely debt free! That is an annual savings/investment rate of over $12,500 […]

Advanced Federal Budget Process, 2-day course in DC, from TheCapitol.Net

Advanced Federal Budget Process, 2-day course in DC, from TheCapitol.Net

Advanced Federal Budget ProcessCurrent Budget Politics and the Federal Budget Process Who has the most to gain in the budgeting process? Where are you most effective? Where does your power lie in the budget process? Topics covered include The Budget Control Act of 2011 and Sequestration and the President’s Budget submission. Get an advanced understanding […]

Understanding Congressional Budgeting and Appropriations, 1-day course in DC, from TheCapitol.Net

Understanding Congressional Budgeting and Appropriations, 1-day course in DC, from TheCapitol.Net

Understanding Congressional Budgeting and AppropriationsFederal Budgeting in the Age of Deficits Who has the most to gain in the budgeting process? Where are you most effective? Where does your power lie in the budget process? Topics covered include The Budget Control Act of 2011 and Sequestration and the President’s Budget submission. This real-world overview of […]