Being an accountant and an analyst and looking to always keep things as simple as possible, I can only hope someone can answer these questions (logically) for me.
Since the sequester was implemented as a reduction in next years spending increase, how does that affect current spending?*Since the core spending for next years budget is actually going to increase, how does that affect either current or base spending for next year?*These aren’t trick questions. As I have understood it, in decades of professional practice, budget cuts means you take the core budget spending and reduce it. I know that government has their own Kabuki style accounting, I’ve had to work with it in the past. Compared to normal GAAP it is a work of fantasy. So I would greatly appreciate it if someone could answer the above questions so I can wrap my aging mind around this new concept.