2016 Budgeting Math 
The Big Picture
OCTOBER 23, 2023
As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.
The Big Picture
MAY 30, 2023
One, it doesn’t have a budget allocation from Congress. They’re a budget, they’re a check writing organization. BRYANT: So money, unlike math, money is highly emotional. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there. RITHOLTZ: Right. RITHOLTZ: Yes.
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The Big Picture
AUGUST 15, 2023
And what’s their budget like a fraction of it, right? RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. And I had written that first book about hedge funds, which led me- RITHOLTZ: In 2016, right? SEIDES: In 2016.
Mr. Money Mustache
NOVEMBER 10, 2020
So I decided to take some action, by doing the math for myself using a spreadsheet. While I disagree with this policy, from a practical perspective it just means you need to budget for this expense separately. I am guessing that you might feel the same way these days – most of us Americans are in the same boat.
Brown Advisory
AUGUST 1, 2018
It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, or have budgets and strategic plans at the parent company, though some of the subsidiaries do. Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes.
Brown Advisory
AUGUST 1, 2018
It doesn’t manage for quarter-to-quarter earnings, provide earnings guidance, or have budgets and strategic plans at the parent company, though some of the subsidiaries do. Buffett likes Tim Sloan, who became CEO at Wells after the sales incentive revelations in 2016, and his efforts to fix those past mistakes.
The Big Picture
MAY 2, 2023
RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99? I’m giving you a budget. FOWLER: I want to say it only went for 35 or 40 thousand Swiss francs so it’s definitely within the budget you’ve just given us. That came out in 2016.
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