Assignment 2: Federal budget assignment—short paper.
http://connectusfund.org/13-key-pros-and-cons-of-military-spending
http://www.brookings.edu/research/topics/u-s-defense-budget
Identify a significant budget issue (and one in which you have some personal interest or curiosity) facing the US Federal Government (it can be on either the expenditure or financing side, or a combination),, and evaluate it from the following perspectives:
What is the issue: why is it important for the budget and for the nation?
Response: The issues is the ongoing increase in the country`s military speding at the expense loss the country is facing in terms of jobs, trouble economy with financail problems in the country`s banking syetem.
What is the scope of the issue relative to the overall budget? (How big a problem—or opportunity– is it fiscally?)
What efforts have been made to date to resolve the issue—and what has been the result?
What are the major alternative solutions for the issue that have been identified in Congress and/or by interest groups? What
would be the impact of these solutions on the budget, taxpayers, and the public who receive services?
What is the like general impact of the alternative solutions at the federal level for state and local governments, their taxpayers, and their service recipients?
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