Well, the U.S. government and many states and cities, and many people do not have budgets. I could not find any definition in the word budget that pointed to RED INK, or spending more than you take in. We have not had a budget in many years, and all we can come up with is spending money to get out of debt...amazing ain't it? Imagine that, spending your way out of debt. That's all we have ever done so far.
You would think the lefties and the righties, and everyone in between would all get a calculator and stop arguing over what we will cut, and cut EVERTHING...drastically. Notice some of the definitions of budget, hmmm...a new car is not in the budget...I can't find Obama needed to spend more money that Bush anywhere in here...
It's a crazy world when you have congress and presidents spend us under, and then people think the next president has to spend even more to fix it...
Gee...where does that end?
And to think...all they have to do is tell you they need to spend or you will go through a depression...LOL....and your sitting in one from their spending as it is. Go figure...governments create depressions, we don't. I bet your grandparents had a budget after the gov. cleaned em out too.
budg·et (bjt)
n.
1.
a. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress.
b. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be part of our budget this year.
c. The total sum of money allocated for a particular purpose or period of time: a project with an annual budget of five million dollars.
2. A stock or collection with definite limits: "his budget of general knowledge" (William Hazlitt).
3. Appalachian Mountains A wallet or small pouch.
v. budg·et·ed, budg·et·ing, budg·ets
v.tr.
1. To plan in advance the expenditure of: needed help budgeting our income; budgeted my time wisely.
2. To enter or account for in a budget: forgot to budget the car payments.
v.intr.
To make or use a budget.
adj.
1. Of or relating to a budget: budget items approved by Congress.
2. Appropriate for a restricted budget; inexpensive: a budget car; budget meals.