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Pros and cons of cost benefit analysis
Advantages of cost benefit analysis
Advantages of cost benefit analysis
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Welfare1
The United States or The United Welfare States - A Cost Benefit Analysis
The role of welfare within our society has always been controversial. This problem emphasizes the need to understand the roles of variable factors when pertaining to the subject of welfare within our society. The proposed analysis will address the phenomenon of welfare assistance and several factors which may contribute to the increase or decrease of welfare assistance to the poor in 4 ways: (1) by defining major concepts and any other concepts about which there is likely to be misunderstanding, (2) by further examining the past history pertaining to the subject of welfare assistance within the United States, (3) by developing the formulation of a hypothesis which will provide for an explanation of welfare, and finally (4) determining whether or not the benefits of welfare assistance outweigh the cost. Ultimately, the purpose of this research analysis is to investigate variable factors that may contribute to the increase or decrease of welfare assistance. This cost benefit analysis is an attempt to explain the tentative assumptions of others pertaining to the subject of welfare, in order to determine and explain the relationship of welfare to the economic cost and benefits. Cost-Benefit Analysis before welfare assistance can be analyzed there is a need to define the terms that will be used. Policies like welfare assistance are worthwhile only if the benefits to society are greater than the costs. When choosing among a set of policies, the policy with the greatest net benefit (benefit over cost) should be chosen. Hence, this is where the term cost-benefit analysis comes from. Cost-benefit analysis is a technique for determining the optimal level of an economic activity such as welfare. In general, an activity such as welfare assistance should be expanded as long as it leads to greater benefits than costs. In purely economic terms, does the benefit of welfare assistance justify the costs of welfare assistance? (Mishan 13) Why Use Cost-benefit Analysis? Since 1981, government agencies have been required to perform cost-benefit analyses called Regulatory Impact Analyses (RIA's) for all major regulations within the United States. Many statutes require that cost-benefit analysis be undertaken and the results be reported to Congress (Mishan 2). Cost-benefit analysis can...
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...ning have proven to help alleviate and shrink the welfare rolls.
Do the benefits of endorsing welfare assistance programs outweigh the cost? Cost benefit analysis shows that as long as the government can stay on track with the new social welfare reform measures that have taken place over the past few years, then yes it is beneficial. However, when the day comes that it is no longer beneficial to support such programs should society follow economic indicators or follow its moral obligations?
Work Cited
Schiller, Bradley R. The Economy Today. 7th Boston: Irwin/McGraw-Hill,
1997.
Mishan, Edward J. Cost-Benefit Analysis. New York: Praegor Publishers,
1976.
Sharp, Ansel, Charles, Register, and Paul, Grimes. Economics of Social
Issues. Boston: Irwin/McGraw-Hill, 1998.
Rowley, Charles, and Alan Peacock. Welfare Economics. London: Martin Robertson & Co. Ltd., 1975.
Smith, Russell, and Dorothy, Zietz. American Social Welfare Institutions. New
York: John Wiley & Sons, Inc., 1990.
Myles, John, and Paul Pierson. Friedman's revenge: the reform of "liberal" welfare
in Canada and the United States. Politics & Society, Dec 1997 v25 n4 p443 (30).
This mini-paper will discuss the social welfare system. The mini-paper includes a discussion of welfare Policy, residual and institutional approach, and what is Social Welfare and Social Security. Midgely, (2009), pointed out that social welfare systems deliver services that facilitate and empower our society, especially to those persons who require assistance in meeting their basic human needs. The goal of social welfare is to provide social services to citizens from diverse cultures, and examples include Medicare, Medicaid, and food benefits. Midgley,( 2009).
O?Beirne, Kate. ?The State of Welfare: An old and tricky question resurfaces.? National Review 54.2 (February 11, 2002): 1--2. Online. Information Access Expanded
Stevenson, Garth. "Federalism and Intergovernmental Relations." Canadian Politics in the 21st Century. Ed. Michael S. Whittington and Glen Williams. Scarborough, Ont.: Nelson Thomson Learning, 2000. 85-1
Spicer, Keith. 1991. Citizen’s Forum on Canada’s Future: Report to the People and Government of
Newman, Garfield, Bob Aitken, Diana Eaton, Dick Holland, John Montgomery, and Sonia Riddoch. Canada: A Nation Unfolding. Toronto: McGraw-Hill, 2000. 252-53. Print.
More than _____ people across the United States received some form of government funded welfare assistance during ___yr (cit). Government programs include, but are not limited to health services, economic assistance, food assistance, and shelter assistance. The focus and design of welfare assistance programs is with the intent of aiding individuals with their essential needs. Its purpose is not to benefit deceitful individuals seeking handouts. Posed with the question, “Should people on welfare be required to work?” the response from a small group of my closest friends was a unanimous “yes.” Although, this outcome was not shocking, the degree of anger and animosity that the inquiry provokes was very intriguing, as well as the reasons given.
In today’s America, there are many people who would either be disgusted at the very mention of Welfare or be highly grateful for its existence. I believe that in order for welfare to be more effective in America, there must be reform. From the time of its inceptions in 1935, welfare has lent a helping hand to many in crisis (Constitution Rights Foundation). However, at present many programs within the system are being abused and the people who are in real need are being cheated out of assistance. The year after the creation of welfare unemployment was just about twenty percent (Unemployment Statistics). The need for basic resources to survive was unparallel. Today, many people face the same needs as many did during the 30s. Some issues with
May, E. (2009). Losing Confidence: Power, politics, and the crisis in Canadian democracy. Toronto, ON: McClelland & Stewart.
Welfare programs are an important part of American society. Without any type of American welfare, people will starve, children will not receive the proper education, and people will not receive any medical help simply because they do not have the resources available to them. Each of the three aspects of the American welfare system are unique in their own ways because they are funded differently and the benefits are given to different people. While support for these welfare systems has declined in the more recent years, the support for it when it was created was strong.
As of 1996, state and local governments were asked to assist many people in gaining their independence after the reform was enacted. (“Welfare Reform”) It is vital to the economy of the United States citizens to have the ability to support themselves as well as their families with no help from the government. Protecting all children and strengthening families were important parts of the reform measure. (“Welfare Reform”) The Welfare Reform Agenda of 2003 was built on the bases of the 1996 Welfare Reform Act. The goals of 2003 were to assist families in achieving financial independence from the government. (“Welfare Reform”) The 2003 agenda imposed a lifetime of 5 years of welfare benefits. (“Revisiting Reform”) The agenda also required able bodied adults must go to work within two years of receiving help from the government. (“Revisiting Reform”) Welfare reform can be described as a governments attempt to alter the welfare policy of the
Welfare has been a safety net for many Americans, when the alternative for them is going without food and shelter. Over the years, the government has provided income for the unemployed, food assistance for the hungry, and health care for the poor. The federal government in the nineteenth century started to provide minimal benefits for the poor. During the twentieth century the United States federal government established a more substantial welfare system to help Americans when they most needed it. In 1996, welfare reform occurred under President Bill Clinton and it significantly changed the structure of welfare. Social Security has gone through significant change from FDR’s signing of the program into law to President George W. Bush’s proposal of privatized accounts.
Karen Bridget Murray’s article, “Governing ‘Unwed Mothers’ in Toronto at the Turn of the Twentieth Century”, is a valuable reference into the struggles and triumphs of social welfare for unwed mothers. For me the article highlighted how government ideologies influence social welfare, how important the change from religious reformers practices to social work was and finally how appalling it is that the struggles and barriers these women faced are still relevant to single mothers today.
The prospect of the welfare state in America appears to be bleak and almost useless for many citizens who live below the poverty line. Katz’s description of the welfare state as a system that is “partly public, partly private, partly mixed; incomplete and still not universal; defeating its own objectives” whereas has demonstrates how it has become this way by outlining the history of the welfare state which is shown that it has been produced in layers. The recent outcomes that Katz writes about is the Clinton reform in 1996 where benefits are limited to a period of two years and no one is allowed to collect for more than five years in their lifetime unless they are exempted. A person may only receive an exemption on the grounds of hardship in which states are limited to granting a maximum of 20% of the recipient population. The logic behind this drastic measure was to ensure that recipients would not become dependent upon relief and would encourage them to seek out any form of employment as quickly as possible. State officials have laid claim to this innovation as a strategy that would “save millions of children from poverty.” However, state officials predict otherwise such as an increase in homelessness, a flooding of low-waged workers in the labour market, and decreased purchasing power which means less income from tax collections. The outcomes of this reform appear to be bleak for many Americans who reside below the poverty line. How does a wealthy country like America have such weak welfare system? Drawing upon Katz, I argue that the development of the semi-welfare state is a result of the state taking measures to ensure that the people do not perceive relief as a right and to avoid exploiting the shortfalls of capitalism ...
Welfare is a public assistance program that provides at least a minimum amount of economic security to people whose incomes are insufficient to maintain an adequate standard of living. These programs generally include such benefits as financial aid to individuals, subsidized medical care, and stamps that are used to purchase food. The modern U.S. welfare system dates back to the Great Depression of the 1930’s. During the worst parts of the Depression, about one-fourth of the labor force was without work. More than two-thirds of all households would have been considered poor by today's standards. With a majority of the capable adult population experiencing severe financial misfortune, many Americans turned to the government for answers. In response, U.S. President Franklin D. Roosevelt led a social and economic reform movement attacking the Depression. Part of his newly enacted “New Deal” program was the Social Security Act, enacted by Congress in 1935. This act and established a number of social welfare programs, each designed to provide support for different segments of the population.
The Welfare system is extremely important in the U.S. As people get smarter, it continually gets more complicated to keep the welfare system fair for everyone, but organizing the Welfare System to fit the times would be the best option for the Government. We will never have a perfect Welfare System, but we can try our best to make sure it is fair and up to date. Completely cutting it would do more harm than the current system is causing now. Allowing people to go hungry is not morally right and is definitely not the answer to cutting back on Welfare costs.