Whether you follow politics or not one political topic of debate that most non-political junkies have a vague knowledge of is budget cuts. It's hard not to hear the words budget cuts being thrown around during any political debate and it's something that is repeated ad nauseam during any election season. Just because you know of budget cuts that doesn't necessarily mean you know exactly what a budget cut is.
Luckily for you we know a thing or two about budget cuts and would love to pass along our expertise on the topic of budget cuts to you. If you know what a budget cut is that's a good start. Be it an individual, a company, or a government they each manage their day-to-day financial affairs on a budget. For a private citizen that can mean the difference between purchasing a new car or not. For a business it's means ensuring that the company stays afloat financially from one month to the next so that it can continue to operate and pay its staff.
For a government a budget plays a vital role towards creating harmony nationwide for each and every individual. There are many government programs such as education, parks and recreation and healthcare, just to name a few, that each have to operate under a budget. If for whatever reason a governmental branch finds that it's projected spending for the fiscal year will go over budget they need to start making cuts to their spending so that they stay under budget. Kind of like how a company might be forced out of its warehouse for rent because the rent is too high and they need to cut costs. Ultimately, a government must practice "safe cuts"!
(Image courtesy of Cutter Industries)
In the worlds of politics and the government those cuts are known as budget cuts. No politician or government branch head wants to be resorted to having to cut the budget to make sure that spending does outpace revenues but that does happen and it happens quite frequently. Budget cuts are a last resort but a necessity that many government workers will have no problem turning to if they can't find other ways to cut down on their spending. While you might be thinking to yourself that not spending as much money on after-school programs is just as easy as you cutting back on extras it's not that simple.
The government provides its citizens with a wide range of services and they need to spend money to make them a reality. Would you really want to see park clean-up stop because the government couldn't find a way to spend less money on transportation costs? Probably not. So you can see where the dilemma is whenever the words budget cuts are used. Most budget cuts will either lead to delays, cancellations or services being scaled back. Not the greatest scenarios but ones that need to happen now for the greater good.
Hopefully you now have a better ideas as to what budget cuts are and how they impact our lives.