The country needs to start monitoring how the government is spending the federal budget and they need to start splitting it fairly to benefit our country. 83% of the federal budget is spent on the Big Five which are the main expenses in the budget. We have to stop spending it all on the Big Five. Our government should really pay attention to what we need most of in this country and focus on the needs. The government needs to take away 20% of the Big Five and split it to categories that need it. 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% …show more content…
We have to take away 10% of the budget, which comes from the Medicare/Medicaid category. That would give us 90,000,000 to add to another important category that needs the money. In this case we will be adding it to the categories of “The Middle Five.” The middle five is the second biggest category in the whole budget.The middle five only makes up 10% of the budget. According to Document D, Homeland security is the smallest of the middle five. Homeland security is a big part of protecting our country. If we add the 90,000,000 to Homeland security it would add up to 60,090,000,000 which could help make more security in the airport or help prevent terrorist attacks in this country. In addition to adding to the middle we have to add to the smallest of the 3 parts of the category, The Little Guys. The little guys make up 3% of the federal budget, which is not very much. Clearly the government is not splitting the budget fairly. According to( Document E) the smallest of this category is the National Park Service. The people on earth are cutting down trees and lots of national parks for their own benefits. We need to take the 10% of the defence budget and add to the National Park Services. All together the National Park Service will have 10,000,000 dollars added to their budget, making a total of 3,010,000,000 that can benefit not only the country but maybe even the
This group includes Homeland Security, Justice, Education, Transportation, and Veterans Benefits. These are all very important groups however, there should definitely be some changes made. “Transportation is getting $103 billion to be used for construction and maintenance purposes while education is only getting $68 billion” (Document D). Transportation is very important because we need to have safe roads and bridges to travel on but education just isn’t getting a fair cut of money. Road and bridge construction should only occur when we are in absolute need of maintenance.
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.
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.
The U.S budget deficit over the years has been a problem but lately the deficit has shrunk. However, what made the U.S budget deficit get to where it is today and what will it be like in the years to come. Throughout the past the U.S has operated under a deficit. This means that the U.S Spent more money than it was taking in. The cause of the excess in spending was different depending on which year. Some of the causes were war, increase in spending , and economic downturns. There were different acts passed to try and control the deficit problem. The deficit at the present time is declining. This decline is due to the improving economy, sequester, and a tax increase on high-income households. The big factor that went into the decline in the deficit for 2013 was the payment that Fannie Mae and Freddie Mac made. The deficit decline in the present time may make some think the U.S could get out of debt but it has been projected that the U.S deficit will start to increase once again.
Government spending is a controversial topic. Even though the government has a set budget each year that Congress and the President of the United States collaborate on, the United States continues to fall deeper in debt. According to U.S. National Debt, the U.S debt has been larger than our total annual gross domestic product since 2012. In other words, our debt is larger than the value of all the goods and services produced in the country within a twelve month period. “It is said that the U.S is currently $19.2 trillion dollars in debt (U.S. National Debt).” As long as Congress and the President continue to run yearly budget deficits, the U.S debt will continue to rise.
The two major components of Medicare, the Hospital Insurance Program (Part A of Medicare) and the supplementary Medical Insurance program (Part B) may be exhausted by the year 2025, another sad fact of the Medicare situation at hand (“Medicare’s Future”). The burden brought about by the unfair dealings of HMO’s is having an adverse affect on the Medicare system. With the incredibly large burden brought about by the large amount of patients that Medicare is handed, it is becoming increasingly difficult to fund the system in the way that is necessary for it to function effectively. Most elderly people over the age of 65 are eligible for Medicare, but for a quite disturbing reason they are not able to reap the benefits of the taxes they have paid. Medicare is a national health plan covering 40 mi...
What percent of the total federal budget is spent on this program relative to other programs?
Of this total, around $500 billion comprises the base budget which “includes funding for the procurement of military equipment and the daily operations costs of U.S. bases” (Gould & Bender, 2015). Basically, home defense measures amount to over eighty-percent of the nation’s defense budget. With these astronomical figures, one may question whether or not these types of expenditures are excessive when considering the infrequency of attacks on U.S. soil. To further break down this nearly $500 billion base budget, roughly $200 billion is allotted for operations/maintenance, $135 billion for military personnel, $90 billion for procurement, and $65 billion for research/development (Gould & Bender, 2015). In a world where people rush to purchase lottery tickets at the hopes of hitting a jackpot worth a few million, these expenditures are incomprehensible and may seem excessive; however, not everyone feels this way. In an article found on the U.S. Department of Defense’s website, the “DoD has done its best to manage through this prolonged period of budget uncertainty, the secretary said, making painful choices and tradeoffs” and that in “today’s security environment we need to be dynamic and we need to be responsive. What we have now is a straitjacket” (Pellerin, 2015). At the end of the day, it is all about who is being asked whether the defense
The United States constitution is a great document. It has built a government system from scratch that has withstanded the test of time long enough to become the longest lasting government in the history of the world. But, even the constitution has it’s flaws. When the framers were creating the constitution they knew it would not be a perfect document so they left guidelines for how to change it when needed. Unfortunately sometimes things that might seem like second nature slip by and don’t get put into these kinds of documents. I am proposing that a change gets made to the constitution by imposing a requirement that the congress and the Chief Executive work together to establish a federal budget. The bill must contain a provision requiring congress to reduce spending throughout all areas of the federal budget. The congress and the presidency have always had a precedent of submitting a balanced federal budget but it was very often farce and not taken seriously. The federal budget is something that is very important to balance. You can see what happens when we don’t take precautions on the budget by looking at the current debt crisis we are in.
Thomas, 2011 I agree: our government is out of control. Our economic problems are mainly from “.bad policy decisions that have led to the rapid migration of American jobs overseas, the degradation of the American education system, and continuous costly wars” (King, 2011). The government may regulate businesses and literally the entire country, but who regulates the government? I think that it’s the responsibility of every American citizen to press their political representatives to fulfill their duties to represent and serve. That way, America’s money can be used in a more progressive manner....
Budgeting Assignment A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of a manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496)
When the terrorist attacks occurred on 9/11 it did more than just affect the comfort level of American citizens. It had an all around impact on how this country will be run for years to come. The one economic impact that I will concentrate on is that the attacks, arguably, but directly effected the U.S. GDP (Gross Domestic Product) and how the national budget will be handled from that day forward.
Some might see this as a great expense with an increase of taxes. Yet, Congress
The government, as of now, has fallen into a bad routine: Throw some money at it and make it go away. These are short-term fixes to a long-term problem. By looking at this on a strictly monetary scale, we are not forced to look at our own accountability. We as Americans have developed this notion that the government should take care of us somewhere along the lines. More government is not the answer. To me, this is the easy way out. Besides, do we really want the government so involved in aspects of our lives they have no business being a part of?
The government use of taxes plays a crucial role in today’s economy as well as personal finances, it has and will continue to leave its mark on the world we live in.