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PAYGO

PAYGO (Pay As You Go) is a Federal budget rule requiring that new legislation, affecting revenues and spending on entitlement programs, taken as a whole, does not increase budget deficits.  That sounds constructive but, as we all know, the Federal budget continues to reflect deficit spending and the national debt continues to increase. Endless deficit […]

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Understanding Quarterly Progress

Investors typically look at quarterly and annual reported operating results on a year-over-year basis.  In other words, what was the percentage change compared to the prior year period. It is important to also consider sequential change.  That is, what was the change compared to the previous quarter.  Obviously this is not particularly helpful in looking […]

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