To help in your understand of the challenges associated with a budgeting process including priorities and focus areas, I’ve included an assignment to review the following link associated with lifestyle changes over time that may show why budget reform is necessary. Please use the following link, and after you’ve reviewed the author’s analysis regarding changes in our ideas of wealth, describe your thoughts on the accuracy and why this evolution over time may affect our current budgeting philosophy or demands for reform. Please articulate this in a two page, double spaced paper in the Assignments folder. When you put your draft together, one area to consider is the relative change in our “perceived” needs through the last 100 years and how this perception (or reality) effects the federal budget areas we’ve already discussed. This assignment is due no later than 5:00pm October 14th.
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