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Short-term projections add to budget Ills. (Commentary).

Publication: Los Angeles Business Journal
Publication Date: 15-APR-02 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Short-term projections add to budget Ills. (Commentary).(Brief Article)(Editorial)

Article Excerpt
SUPPOSE a father one day adds up how much he expects in bonuses over the next 10 years--and blows it all on a big family vacation the first year. Then his job goes sour, and the family is in serious debt. Nevertheless, a year later Dad buys the family an around-the-world-cruise. When Mom asks why he's making the same mistake all over again, he tells her not to worry. Dad says he is working on a five-year budget--and since the cruise company will let him pay back most of the cost after the sixth year, the family is still in great shape.

Off the wall logic? It's...

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