Master Class Public Finance
Since these pieces address different aspects of the Federal budget think in terms of the following:1)Trends. Here is where different pieces suggest how to look at revenue growth or spending growth in the future based on past history. When referring to the word “future” usually you think in terms of the short-term versus long-term. Exactly where the dividing is between these is unclear but as a safe bet probably the short-term is the next five years, the long-term might be a decade from now. So, what trends are being addressed and why?