Budgeting is a familiar term to most American families. Dictionary.com defines budgeting as an estimate, often itemized, of expected income and expense for a given period in the future. In order to avoid debt, bankruptcy, or overspending it is common to create a spreadsheet of some sort tracking your spending and income. On a grander scheme, the Unites States has to budget as well. There is a five step process to create the budget annually to reflect the American people’s values in our democracy. The President submits the budget outline to Congress, then lawmakers release their budget resolution, the House and Senate set funding for governmental programs, once the House and Senate come to an agreement on the programs, the budget plan is returned to the President for his approval and signature. After all five steps, are completed the budget becomes law. The Department of Defense’s budget feeds the Defense Financial Guidance which then pays per Diem for travel, basic housing allowance, Tricare and basic pay to military. Additionally, the military workforce is affected based on spending for personnel …show more content…
The cost of the personnel has increased to nearly an unsustainable rate since 2000. Wartime funding was increased over inflation but the personnel has dropped. That being said, the defense spending in 2015 will be about $600 billion or 3.24 of the GDP. The defense budget pays into not only base defense, but also to veterans, civilian and foreign military aid. Each of these expenditures go into the percentage that the government is allocating to defense. Contrary to popular opinion, the money does not strictly go to weapons and military personnel. Health and care for military and veterans alike is on the rise. Retiree pay and benefits comprise the DOD spending for veterans. As discussed, funding for defense is important when it comes to sustaining our country and being a competitor for war
If the government changes the way they spend the budget, then they can change the way our government is ran. According to document C we spend 83% of the budget on “The Big Five”, which are the five main categories in the budget.We need to take 10%
For government budgeting to be effective, the process that guides it must be an evolving one. As the government gets bigger, it will most likely destabilize the existing method. Therefore, it must change to keep pace with the demands and growth of the country. The process must be capable of handling the complexity of our nation and its multifaceted needs so it will always need revisions and restructuring to face these new challenges. Its ultimate goal must be to reinforce the government and strengthen the country.
Reinstating the Draft To each and every person, war means something different. For some, it is against the things they believe in, but for others it is everything that they believe in. In America, the men and women have the privilege to determine whether or not they are a part of serving this country by going into: the marines, navy, national guard, air force, etc. Previous to this choice being available, they had what was called the military draft. The military draft is where men from the ages 18 to 25 years old legally have to register with Selective Services where you could potentially be chosen to go to war.
According to Cambridge Dictionaries Online (2016), defense spending is “money spent by a government to provide its military with weapons, equipment, and soldiers.” Defense spending is what keeps us safe and can include a wide array of expenditures from the acquisition of weaponry to the recruitment of a high school student for military training. Allocating funds for national defense within a country is of great importance because it “is one of the most important objectives of any government because national security is a necessary condition for a government to pursue other policy objectives” (Heo & Bohte, 2012, p. 416). Essentially, in order for citizens to feel safe and secure, it is important that the United States has a national defense budget in case a threat arises.
Defense receives the most support and money. Politicians support military spending, mainly because it is “the only form of large-scale public investment that can consistently win political support” (Pollin). However, the heavy support for military spending is counterproductive for our nation’s economy. Since military spending increased in 2001, several industries and programs have had to “bite the bullet.” The Department of Education often gets fewer funds each fiscal year to cover the military budget. Then again, the United States leads all countries in money spent on education. The U.S. education system is well funded, but that statistic is very misleading. If the high cost of college is excluded, the United States ranks slightly above average in education spending (OECD). Per the OECD, U.S. spending is decreasing at a 1% average (OECD). This doesn’t seem like much, but it is still a step in the wrong direction. Only Mexico, Iceland, and Ireland have cut more (OECD). Coincidentally, the percentage of teachers that quit within five years is extremely high at 46% (OECD)! This isn’t surprising considering all teachers in the U.S. work so many hours and are still underpaid. U.S. primary school teachers spend the most time in the classroom amongst all PISA countries
The budget is a method in which to reign-in discretionary spending, and will likely show variances between what costs have been anticipated and what costs are actually incurred. The Budget Process Budgetary planning may differ between organizations. Single-period budgets and rolling budgets have methodologies that provide advantages and disadvantages that may make one budget time frame better than another. A single period may require less time in planning during a fiscal year, but is less accurate than a rolling budget that is continuously planned on a repetitive basis. In either case, budgets are planned in advance in order for a company to operate profitably, and less so to have "actual results equal budgeted results."
There are 6 largest budgets items in the U.S government, they are Medicare/Medicaid ($96 billions), Social Security ($88 billions), Defense/War ($58 billions), Income Security ($31 billions), Net Interest on debt ($24 billions), Federal Pensions ($25 billions). Each one has its own importance though the U.S government should cut back spending on few of the budget items. They conducted survey and got federal pension and defense/war should be cut back. In my point of view they should cut back in federal pension because the defense is mandatory for U.S citizens the government should protect citizens that is there responsibility, without defense we can’t protect from enemies foreign and domestic.
Since the attacks a number of civil defense programs have been initiated, which leads to more departments asking for an allowance within the national budget. This ultimately is leading to a larger and larger deficit that is quickly encompassing full percentage points of our GDP. There is a debate on how much defense spending is actually needed, because during the Clinton administration there were massive cuts to the defense budget, which lead to critics saying that our military force was in question. These same critics said that without the funds that had been cut-off by Clinton the military would spiral down to not being able to defend the homeland, let alone take on any offensive. The one argument I have is that President Bush was not in office long enough for his increased defense budget to take affect when he overthrew two regimes (Afghanistan & Iraq) with the same military force that was said to be completely ineffective because of lack of funds.
Proper school funding is one of the keys to having a successful school. Americans believe that funding is the biggest problem in public schools. School improvements revolve around funding. There needs to be funding not only in the successful schools but also the schools that aren’t doing as well. In documentary, Waiting for Superman, it talks about how smaller class sizes will help students. Funding is what will help the smaller class sizes. State funding mechanisms are subject to intense political and economic scrutiny (Leonard). Studies have shown that funding is inversely related to accreditation levels (Leonard). School funding needs to be increased, but there must be accountability as well.
These are men and women who sacrificed their lives to protect our families, friends, schools, jobs, homes, the country, and everything else that we have. We need them. We never know when something tragedy could happen we need to be ready for anything. Military use the money for research that drives a lot of future products. According to business insider.com the U.S. has the world’s strongest military.
In our country today our citizens go through the day like everything is perfectly fine when they never really notice or care to think of the problems this country of ours is facing everyday unless it is effecting them directly. Many people don’t notice our constant struggle over in other countries especially in the Middle East regarding our military and allies, or how each day our country goes deeper in debt, or even the fact that our government has trouble getting things done and passed due to the disagreements between our two political parties. I believe that until these problems are solved like slowly pulling troops out our current engagements and just supporting our allies, or a major one is cutting back on certain programs and funding
This sound like a lot, but a chart by Andrew Chamberlain he shows that this seventeen billion is only part of a small sliver that includes many other programs. This sliver that Chamberlain calls “Other” only accounts for six cents on every tax payers dollar. To put this in perspective, social security accounts for twenty one cents on every tax payers dollar. This chart also shows that we are only spending three cents on the dollar for veterans benefits, but we spend nineteen cents on the military (Chamberlain 5-6). I understand that we must have a military to protect our country, but I don't see how we can spend so much on creating and maintaining a military, and spend so little on taking care of our veterans when they come back.
Budget is combining your income and expenses to decide how much money you are going to spend on an item. Budget is an important step to determine your financial health and financial stability. It’s an important financial tool because it can help plan for expenses, cut cost were unneeded, save for future goals, plan for emergencies that occur inexpediently, and list what you are spending and saving.
Introduction As all states are facing budget cuts, it is imperative that all stakeholders work together to ensure academic success for all students. The idea then seems to be, teachers must learn to do more with less resources. Throughout the video, there were many main points made about how to cut the budget but not place student achievement at risk. For example schools must determine what expenditures could be removed and replaced with increasing innovation in the classroom. Another way is for schools to determine students’ performance on high performance testing and design budget to benefit this.
“Flight 208 to Los Angeles is now boarding. Section N you may now take your seats”. You looked down at your carry-on bag to make sure you have everything packed up, even though you took nothing out, and headed toward the flight attendant and handed her your ticket. As your walking through the tunnel, the sound of the planes jets put just enough pressure on your body, causing your pulse to increase. “Why are you nervous, you been on planes before”, you ask yourself. You shake your head and start to inhale and before you could finish getting your lungs to the maximum capacity they could hold, a man wearing a white shirt twice his size and jeans that also seemed