The fact is that developing and presenting a budget is important for households, businesses, and, yes, even national governments. Budgets are how we plan for the future, set priorities and prepare for the unexpected. And it's one way we keep our elected officials accountable, by demanding that they show us in advance what they plan to do with the taxpayers' money.
Would it be too much to ask that Congress and the president develop a realistic budget plan and then follow it? In the weeks to come, as you start to see headlines and TV news reports about budget battles in Washington, keep in mind that it's little more than sound and fury. But until we see comprehensive budget reform, we can only expect more of the same.