Final Report on Federal Budget: No Big Changes
AccountingWeb has tracked a number of stories over the past few months on Congress and the President's battles over the Federal budget.
Based on recent reports, now that the budget year ended Nov. 20, not balancing the budget really isn't so terrible, after all. Among the focus is how Social Security was protected, albeit concern by Republicans and Democrats on securing the senior vote next year.
Also under tremendous scrutiny was the proposed Republican tax cut of $792 billion. Still, because no major changes occurred, Federal debt continued to decline, something most Americans enjoy.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.