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The role of budget
Explain the nature of budgeting
The importance of budgets
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The Sequester: When and Why In March of 2013 action was taken in order to pressure policymakers in to a budget compromise and reduce spending deficits in the United States. Across the board spending cuts, known as sequestration, is meant only to catalyze compromise and not to act as a solution itself. The sequester is set to stay enacted until budget goals have been met, continuously cutting funding to federal agencies with each passing fiscal year. Federal Budget Deficits: the Role of Mandatory and Discretionary Spending It is known that over the last decade Federal budget deficits have been increasing. There are two parts of the Federal budget that need to be considered when assessing deficits and “solutions” that congress as implemented. The two parts of the budget are related to mandatory spending, seventy percent of the budget, and discretionary spending, thirty percent of the budget. Discretionary spending is noted to not require amending any major laws in order to cut the budget. Examples of discretionary spending areas vary between Head Start programs for youth education, and foreign aid to other countries during times of disaster or political unrest. Major Problems of Debate: Mandatory and Discretionary Spending It appears that one of the most striking problems resonating throughout Congress regarding their indecision is the lack of meaningful communication between parties. It has been illustrated through debates that relevant information is not presented, and active listening between different points for consideration is also not happening. Mandatory spending plays host to heated debate. Mandatory spending programs include Social Security, farm subsidies, and food stamps or SNAP. These programs a... ... middle of paper ... ...nd the aforementioned SNAP benefits and crop insurances is that Social Security and Medicare are already paid for by the applicants, and those who receive benefits are “entitled” because they have paid for the benefits through previous payroll taxes. As sequestration continues, the national debt looms over Congress, and job security teeters on the edge, Americans wait for the promised budget compromise. There is a bright side to the continuous sequestration: reduced spending may become a new norm. Yet, that is not a satisfying solution if asking the participants in the budget debate. Only time will determine if this course of action proves successful towards reducing national deficits in Federal spending. References Clemmitt, M. (2013, Jul 12). Government spending: will steep cuts hurt the economy? CQ Researcher, 23(25), 597 620. Word count: 1115
Our Preamble lists five main goals that are required to help create a strong and stable society within our country. However, money is required in order to achieve these goals. We get this money from the Federal Budget which is the yearly amount we receive in order to better our country. The question here is, are we slicing the pie correctly in relation to the federal budget? In each of three budget clusters, the U.S Government should make adjustments in the way it is distributing money by making changes involving the Big Five, the Middle Five, and the Little Guys.
Puzzanghera, Jim, Kathleen Hennessey, and David S. Cloud. "U.S. Budget Cuts Start 'Slow Grind.'" Sirs. ProQuest, 2 Mar. 2013. Web. 5 Nov. 2013. .
Mann and Norman J. Ornstein argue that the Legislative branch is the most broken branch of government. Congress was designed by the Framers of the Constitution of the United States to be an independent and powerful party. The Framers wanted the Legislative branch to represent the vast diversity of people of the United States, to deliberate on important issues and policies, and to check and balance the other branches. However, Congress’s role in the American Constitutional System differs from the part it was meant to play. The authors argue that Congress has failed to fill its responsibilities to the people of the United States because of the division of the Democratic and Republican parties, which leaves little room for compromise and negotiation. Members of Congress focus on their own needs and interests, and will travel to far lengths to prove that their political party is the most powerful. Congress has turned a blind eye to the needs of the American people. Congress cannot succeed in getting the United States back on track unless they start to follow the rules dictated by the Framers of the Constitution. A vast series of decisions made by Congress, driven by Congress’s disregard for institutional procedures, its tendency to focus on personal ethics, and the overpowering culture of corruption, led to Congress failing to implement important changes in the United States
These desires interact with one another in different ways, giving rise to the need for different strategies employed by members of House and Senate. When members' reelection needs and personal policy preferences are similar within the party and differ substantially between parties, as we see in a highly polarized Congress, it makes sense for them to organize their parties and endow their leaders with the resources necessary to facilitate the achievement of their goals. Scholars have argued that the contemporary parties are elaborately organized so as to facilitate joint action toward collective goals, while also providing members with much-prized opportunities to participate in the legislative process. An increased reliance over the past three decades on special rules in the House to achieve legislative goals rather than compromise and negotiation has become the norm, rather than the
The Australian Budget is an annually published document which details the Federal Government's plans to affect the level of economic activity, resource allocation, and income distribution through the use of fiscal policy. It describes the framework which the government intends to follow during the next financial year which will result in the attainment of their objectives. The budget is a publication of the government's plans regarding the use of fiscal policy, and is published to parliament and the general public on “budget night”, so as to allow open dissemination about the status of public finances and to promote transparency in Australia's fiscal policy.
Gerson, Michael . "The real-world effects of budget cuts." The Washington Post 7 Apr.2011: n. pag. Print.
...ch overwhelming evidence on the table, it would be hard to ignore the huge negative impact budget cuts will have on the Navy. By cutting down on flying times, eliminating training deemed nonessential, and decreasing the amount of deployments, our sailors are losing valuable experience that they would not gain elsewhere. Through the lack of maintenance on our ships, the Navy is also experiencing a decrease in readiness. By decreasing the amount of forward deployed ships, we are also increasing our reaction time to potential threats to our allies and other interests abroad. Finally, as we miss out on or delay the modernization of our Navy due to fiscal reasons, we are hindering ourselves from attaining the most combat ready force that we could be. As the United States’ economy rebuilds up to its former glory, increased military spending should be soon to follow.
The Supplemental Nutrition Assistance Program, or SNAP, is a Federal food assistance program that can be traced to 1933. Since then SNAP has helped millions of Americans, who live below the poverty line, to purchase food and has been a safety net for Americans who have experienced hard times due to economic downturns. SNAP is an amazing federal program that without it, millions of Americans would be starving and economic activity would be down.
With our national debt rising every year, there are many things that are contributing to it. Programs like food stamps benefits are meant for poor people; however, there are many that will take advantage of this program throughout history. Alex Roarty, claims that since the great depression over forty millions of people use food stamps benefits because of the loose eligibilities required and suggest that forty-one percent of people believe that it is due to edibility requirements and our own economy (“Most Americans Want Tougher Food Stamp Requirements”). With the nation’s debt soaring into the negative trillions, setting up piles of debt for our younger generation and developing poor eating habits this program is in jeopardy of deteriorating.
The most noticeable discretionary fiscal policy is the discretionary budget. These are the expenditures calculated in the United States budget that are within the appropriations bills. These are negotiated between Congress and the president each year. This includes almost all the spending in the federal department. For an example, during the Great Depression many unemployed people found jobs through the government. Cooley and Ohanian argued, “The economy did not tank in 1937 because government spending declined. Increases in tax rates, particularly capital income tax rates, and the expansion of unions, were most likely responsible. Unfortunately, these same factors pose a similar threat today.” Numbers had shown that spending declined from the years 1937 to 1938.
As seen quite often in the Obama administration, legislation gets stuck and lost in Congress due to the polarization of the parties in recent years. In Obama’s case, he has frequently threatened to go around the House and Senate if they could not reach an agreement or would shoot down his plans. Cato’s Pilon points out, however, that the hurdles of Congress are no mistake. Pilot states that the framer’s of the Constitution knew what they were doing, and this was intended to keep the checks and balances as well as accountability to the public (Lyons,
...n p.236) “ The result is a lack of communication about real problems and virtually no discussion of the real divide in American political life.” (Lakoff p.177)
When states try to find ways to restrain from non-essential areas, unfunded federal mandates are at the top of the list. These mandates often force state and local governments to spend much more than necessary on everything from medical care to welfare to road building. A complex web of federal programs bind together the tree treasuries of the local, state, and federal government. As much as 25 percent of state budgets now comes from the federal government, and up to 60 percent of some state budgets is spent on joint federal-state programs.
Government spending is a highly debated topic as to how much money should be spent and how it should be spent, but the fact remains government spending is rising each year and will become unsustainable in the future without major changes. Government spending is currently around 40% of GDP as compared to 7% at the start of the twentieth century (Chantrill, NP). Government spending has had ebbs and flows that can be traced since the start of the twentieth century, which include two world wars and a great depression. However, from the 1980’s through the early 2000’s government spending was lower to mid 30% range of GDP (Chantrill, NP). Increase in spending has been seen since the stock market crash of 2008, to the current levels of around 40% of GDP (Chantrill, NP). Various reasons are behind the major increases of government spending, but the “...
Van, B. S. D., & University of Pittsburgh. (1995). Post-passage politics: Bicameral resolution in Congress. Pittsburgh: University of Pittsburgh Press. 6th edition http://digital.library.pitt.edu/cgi-bin/t/text/text idx?idno=31735057897302;view=toc;c=pittpress