general info

Did you ever get the inkling that the federal budget is very
complicated.? Here is a 200 page document that gives you a hint about
how complicated it is. The first 100 pages is just a explanation of
the terms used in the budget.

GAO-05-734SP A Glossary of Terms Used in the Federal Budget

www.gao.gov/new.items/d05734sp.pdf

Terms Used in the Federal Budget Process: ... with respect to a
session of Congress, the fiscal year of the government that starts on
October 1 of the calendar year ...

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We all have a general idea of what is involved here. If we buy a candy
bar and eat it, we have spent money and reaped the benefits. If we buy
a car, we have spent money and we will reap the benefits for many
years. If we wait 6 months to get a loan for a car, we will reap the
benefits of the loan and the car. But this is much more complicated
than pulling $1 out of your pocket and buying a candy bar. It is all
about the flow of money and benefits in and out of our pockets.

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