The Congressional Budget Office (CBO), business and finance homework help

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oyhroreel89

Business Finance

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The Congressional Budget Office (CBO) provides independent advice to Congress on the President's budget.  It takes a long-term view of the budget process and federal funding.  Their recommendations can be broad and sweeping.   Listed below is their 2014 report on how to solve the deficit with recommendations.  It is ~60 pages long. 

You are to read the report.  Your essay, and it is an essay, is to analyze the report recommendations.  It may be for your selected agency, or it could be the report overall.  Based on the knowledge you have gleaned about your agency, see how CBO recommendations fit with your knowledge. 

Write as much as needed to demonstrate you understand the CBO ,what it is proposing and if it makes sense.

Yes, your prof has had to defend programs before them: how to score revenues with a self-funding program (hint--you don't score).  What does scoring mean--how does it impact the federal budget.

https://www.cbo.gov/budget-options/2014


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Congressional Budget Office Recommendations
The Congressional Budget Office (CBO) is an agency under The Congress that helps in
synthesizing the budgetary information by providing options that are implemented and bring
about savings in the initial budget. The document provides choices in the following areas:
Mandatory spending apart from health-related programs, discretionary spending apart from
health-related programs, revenue other than health related programs and finally health-related
programs and revenue provisions. In this paper, we shall focus defense spending and in particular
the U.S. Air Force spending that falls into the category of discretional spending.
The option of the U.S. Air Forc...


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