Current Policy Issue

But having a budget is a good step in the right direction. Continuous reexamination is necessary to keep the budget on track. A potential reform for the federal budget is the switch from a short-term budget perspective to a long-term perspective (Budget & Projections, 2015, p. 1). This switch can be beneficial for several reasons. The main beneficial reason is having a greater outlook. Having a greater outlook on future budgetary effects can help policymakers make better-informed decisions in regards to the federal budget. Another potential reform for the budget is to commit and concentrate on spending control. In order to reduce the debt, spending must be under control. A good policy must be in place to ensure the control on spending is a continuous effort by the

The Federal Reserve is the single entity in control of the monetary policy of the United State of America. Monetary policy is the process that the Federal Reserve takes in order to control the supply of money and to attempt the control the direction of interest rates. The reason for doing these actions is in attempt to control the country’s inflation and employment rates, which are the biggest indicators and factors of a healthy economy.

In The United States government splits financial responsibility between Congress and the president. When it comes to the economy the president has two jobs.

How was expansionary fiscal policy used to get out of the Great Recession? Let’s put this one in the Thought Bubble. Introducing my friend Leo Sabin.

In response to a rapidly increasing national debt, President Barack Obama signed into law in August of 2011 the Budget Control Act (BCA) which mandated $1.2 trillion in across-the-board spending cuts, known as sequestration, over a 10-year period (Matthews, 2013). The BCA of 2011 was intended to serve as motivation for the Joint Select Committee on Deficit Reduction to come up with a deal for achieving equivalent spending cuts and avoid a mandatory sequestration (Matthews, 2013). The committee

The first step in creating this a new policy is the idea on how to address the current problem. During this first step, brainstorming is often encouraged during the formulation process so that there is more than one potential solution to the problem (Lohrey, 2014). Another consideration for policy formulation is determining if the policy will need to involve local, state, and/or federal government involvement to be put on their agenda. There are many ways to approach any given problem, and during policy formation, relevant individuals (such as stakeholders and researchers) and groups will determine the different ideas to approach the proposed policy.

In this paper we will discuss the final stages of how a topic becomes a policy. The paper will discuss formulation, implementation, and the legislation stage. These stages must be done in this order to ensure the policy is being formed the correct way and not scattered around. This paper will also consist of the evaluation stage, analysis stage, and revision stage and describe the purpose and methodologies process for evaluating and revising a public policy.

Similarly, the Obama administration recommended significant tax hikes, planned for the future. Some of the items that the Obama administration had recommended were tax hikes on included liquor, cigarettes, plane tickets, and soft drinks. Furthermore, the many tax breaks that had been enacted under President Bush were discontinued. President Bush had implemented tax cuts on capital gains tax, income tax, and estate

The executive branch is the branch of federal and state government that is broadly responsible for implementing, supporting, and enforcing laws made by the legislative branch and interpreted the judicial branch. Under the United States constitution all of the power is concentrated to one elected individual known as the president of the United States who is currently President Donald Trump. There is still a system of separation of powers but the president has all the power and say so in the executive

Within the hierarchy of Presidential political appointees, White House policy czars are becoming both more prominent and more controversial. The Administration’s policy czar positions are established either by Executive order or by Presidential directive. In some cases, a powerful Governor or the national political committee for the President’s party will convince the President to establish a subject matter czar to emphasize the importance of a particular issue. The czars’ role is to direct Federal policy development and manage interagency requirements associated with implementing the President’s political agenda.

The President, Executive Office officials, and others continually collaborate with one another exchanging information, ideas, propositions regarding policy actions. They evaluate the positive and negative outcomes of previous budgets, which include the way programs are being utilized, etc. Furthermore, they assess way the economy is being affected, where it stands and the future outlook with Council members of Economy Advisers along with the Treasury. In the beginning of Fall, the agencies transmit their budget proposals to

Review all budgets that the president put in. According to United State Senate (2017), The Appropriation committee reviews budget requests from the president, solicits testimony from government officials, and drafts funding legislation that gets reported to the full Senate (Para

     Like every other government controlled organization there is a group of people who are control of Fiscal Policy. There is a Council of Economics. These men are called Council of Economic Advisors. In the Council of Advisors there are three people. There is a Chairmen and two members. Even though there are not a lot of people in this council it is a very important council. These three men are very influential to the President. The Council of Economic Advisors haves five main jobs to do.

The first step to creating the federal government budget is the President submits a budget request to Congress. The executive branch gets requests from the federal agencies saying that different things and projects need money or that they don’t need money. So basically they discuss what project is more important. Yet these are all only proposals so they can either be accepted or denied depending on what the people think the country needs.

“Policies and procedures are like a state road map. The map at a glance shows areas of interest and the general direction in which to travel to reach a desired estimation. The roads on the map provide possible paths to reach a particular destination. If the correct roads are followed, the destination can be