Federal Budget Activity

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Week 2 Assignment: Federal Budget Activity

This week we learned about how laws get made by the legislative branch of our government. One of the biggest laws that regularly gets made by Congress is the Federal Budget.. The Federal Budget is a law that spells out how the government will spend its money. This is a huge power that Congress has that is often called, “The Power of the Purse.” If the Congress doesn’t give the government money to do something in the Budget, the government won’t have the resources do what it might want to do.


In at least 500 words answer the following questions:

  • Provide a justification of the budget choices you made within one of the following categories: Defense, Domestic, Social Security, Healthcare (you may NOT choose to focus on the categories labeled: “Budget Path,” “Other,” “Revenue,” or “Tax Expenditures”). In this defense you must address possible counter arguments to the budget decisions you made. If you are spending more under this category how are you going to get new revenue or gain public support for more deficit spending? If you are cutting funds – what are you going to do with these surplus funds?
  • Discuss how this assignment impacted your understanding of the budget process, and the debates between the parties and within Congress have regarding the federal budget? Do you think anything should be done to streamline the current budget process?
  • Discuss how difficult this would have been to do this activity as a group project – what budget issues would have been contentious? How could you have come to a compromise?

*Don’t forget to upload your pdf file of the budget as well as the text of your essay in your assignment submission. Both parts of this assignment at once must be submitted for grading.

Please note: APA formatting and citations rules apply to this and all essays in this course.

As with all weekly written assignments, submit your work as an attached file. Double-space your paper and use 12 point Times New Roman as your font.


Please view the attachment of my budget results

Unformatted Attachment Preview

12/18/2017 Debtfixer | Committee for a Responsible Federal Budget Return to main display We suggest creating a PDF and sending this to your representative. Right click and select Print. In "Destination" menu, select "Save as PDF" Save to your desktop, then attach le to email or fax. Defense End the Wars in Iraq and Afghanistan Slow Development of New Weapons Systems Reduce the U.S. Navy Fleet from 272 to 230 Ships Allow Veterans to See Any Doctor Outside of the VA Reduce The Number of Military Personnel in billions $690B  $60B  $110B  $560B  $50B  Education, Infrastructure, and Research Replace Current Student Loan Subsidies with Income-Based Repayment $160B  Social Security Progressively Slow Bene t Growth, Protecting Low and Middle Earners Raise Payroll Tax Rate by 1% $50B  $440B  Health Care Establish a Public Option in the Health Exchanges $170B  Reduce Prescription Drug Costs $220B  Allow Private Plans to Compete with Medicare $220B  http://www.crfb.org/debtfixer/#step9 1/3 12/18/2017 Debtfixer | Committee for a Responsible Federal Budget Other Domestic Spending in billions Provide a Pathway to Citizenship for Undocumented Immigrants $110B  Eliminate the Community Development and Community Service Block Grants $40B  $190B  Reduce the Cost of the Federal Workforce Individual Income Tax Enact a 30% Minimum Tax ("Bu ett Rule") For High Earners $80B  Establish a Floor on Giving for the Charitable Deduction $260B  Replace the "Cadillac Tax" with a Cap on the Health Insurance Tax Exclusion $350B  Other Taxes Increase Taxation of Foreign-Earned Income $440B  Enact a Value-Added Tax and Partial Rebate $1160B  Increase Cigarette and Alcohol Taxes $170B  Debt as Percentage of GDP 70% 2027 64% 2050 Savings relative to current law (billions) $ http://www.crfb.org/debtfixer/#step9 5090 2/3 12/18/2017 Debtfixer | Committee for a Responsible Federal Budget Your Savings 350 Defense 160 Investments 1170 Social Security 610 Health Care 340 Domestic 690 Income Tax 1770 Other Taxes http://www.crfb.org/debtfixer/#step9 3/3
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Explanation & Answer

Attached.

Running Head: BUDGETING ACTIVITIES OF THE FEDERAL GOVERNMENT

Budgeting Activities of the Federal Government

Name of Student:
Name of Professor:
Course Title:
Date:

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BUDGETING ACTIVITIES OF THE FEDERAL GOVERNMENT

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Budgeting Activities of the Federal Government

Introduction

Budgets developed by the American government are essential policy instruments that
make it possible for the elected leaders to fulfill their mandate as they are placed in a better
position to acquire the funds that they need for various activities. The budget is often a reflection
of the results that are obtained from the decision making process. The current paper seeks to
conduct an analysis of various factors that pertaining to the budgeting process.

The justification for healthcare budget choices and the utilization of surplus funds

The provision of the public option in the acquisition of health services would ensure that
the people who residents in America can be in a position to acquire good quality health services
at a reasonable price (Schick, 2008). This is opposed to priva...


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