You will be a freshman lawmaker in the U.S. House of Representatives trying to serve your constituents
Question:
You will be a freshman lawmaker in the U.S. House of Representatives trying to serve your constituents and the long-term goals of the United States. You will need to learn about the federal budget process and how federal government initiatives and programs are funded. A government budget will fall into one of three conditions based on the difference between how much the government collects in taxes and fees and how much the government spends. The budget will be balanced, have a budget surplus, or have a budget deficit. If the sum of the accumulation of budget surpluses and deficits from year to year is negative, the result is national debt. As you can imagine, there are costs and benefits to lawmakers' budget decisions. The budget creation process is complex. This course simulates the process in a general way, using actual names for the various funding categories, but it does notinclude all the details you might see in an official budget.
Questions:
- Explain the two subcommittees you served on
- Explain what you chose to do and give a one or two sentence rationale of why you chose it
- Whether your decisions led to a deficit, surplus, or a balanced budget and an explanation of why
- The opinion you have on the importance of balancing a budget
Whether you agree with the government's decisions to spend the way it does.
- explain in detail, which categories you think need more or less spending on, which category you might eliminate or add. This should be a well-thought out, detailed description
-Research whether our current budget is balanced or not and how deficit spending is affecting our country. Write at least five sentences.
Statistics For Business And Economics
ISBN: 9780136855354
14th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich