2/6/2024 0 Comments Finances 101They expect fiscal responsibility and common sense.” - former Illinois Congresswoman Melissa Beanīudget processes are a direct reflection of the human element. Pignanelli: “The American people expect more from Congress. ![]() How does this chaos compare with Utah’s budget process? If a publicly-traded company ran its finances the way the federal government does, its officers would go to jail. The congressional budget process is badly broken, with Congress unable to pass budget bills for the various departments. In a matter of several years, major federal entitlement programs will run out of money. Budget experts estimate that the $31 trillion federal debt is actually less than half of total unfunded obligations over the next several decades. government borrows at least $2 of every $10 it spends. The dirty truth is that the federal government’s finances are a mess. Knowing the key warning signs and common strategies used by fraudsters can help you avoid becoming the victim of a scam.The debt limit near-disaster is an excellent illustration of the dysfunctional way the federal government manages its budgeting, finances and debt - especially when contrasted with Utah’s sensible and transparent budgeting processes. Be sure to go straight to the source and ask your service providers for your most recent account statement to determine if you’re actually behind and by how much.īeing a victim of fraud can not only wreak havoc on your finances in the short-term, but scammers are capable of causing damage that can take years to recover from. If you receive a message about a missed or late payment that requires you to pay in the form of a gift card, money order, or wire transfer, you’re likely dealing with a scammer. Watch out for strange payment methods.Your cellphone may also warn you ahead of time with a “scam likely” warning. Scammers often call you from a phone number with your same area code to gain your trust and make themselves seem more legitimate. If you don’t recognize a number and aren’t expecting a phone call, you might want to avoid taking it. ![]() A quick search online could help you learn more about the company and catch any reviews about potential scams. Before you make a purchase or donation, do some research on the company first.
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