Budget Deficit Research Paper

The most significant power that congress has is to create and pass legislation. Most of the creation is down to congressional committees - specialist groups of congressman who revise and investigate laws into their own committee's interests, for example The House Science Committee. Some of the legislation can

The legislative branch, Congress, has the power to make laws valid for the whole country. Powers like the regulation of taxes, regulation of commerce between the states and with foreign countries, the power to declare war, and the power to impeach the President are some of the issues the legislative branch has to deal with. Congress has two chambers (or "houses"): the Senate and the House of Representatives ("the house").

Overspending is a pertinent problem facing the lawmakers in Congress. In 2012 discretionary spending reached $1.3 trillion and mandatory spending $2 trillion, while only bringing in $2.5 trillion in revenue. Since the turn of the century back in 2000, non-mandatory spending by the government has topped out a whopping $16.1 trillion just in the past 13 years (Boccia, Frasser & Goff 2013). This persistent overspending on programs and services that are not necessary to the functionality of the country is what is causing the deficit to rise year after year. To remedy this issue the government must either increase the revenue it brings in through taxes and trade or reduce the amount of money it spend or perhaps even both. In 2012 thirty-one cents of every dollar that Washington spent was borrowed (Boccia, Frasser & Goff 2013). Most of which went to large programs such as Social Security and Medicare and if these large, growing programs, or just the budget in general, do not undergo financial reform it could spell disaster for the economy and fiscal state of the nation.

The legislative branch is the most powerful branch in government. The legislative branch is in charge of making and passing laws. They have the power to override a president’s decision, stop laws from being passed, and basically control all decisions the governments makes. The legislative branch, also called the congress, consists of the House of Representatives and the senate. The reason for two houses of congress is to balance out the concerns of smaller but more populated states against states that are larger but with less population (www.Usgovinfo.com).

Congress is the legislative branch of our national government and shares power with the president as well as the Supreme Court. It has five fundamental functions, which include lawmaking, helping constituents, performing oversight, and educating the public,

Deficit spending is often applied in a political context. However, it can be applied in

Article 1 of the U.S. Constitution gives Congress its powers and limits. Congress is the legislative branch of the government, meaning they are the ones to make laws for the United States of America. The article also creates the two sections of Congress, which is called a bicameral legislature. The first of the two is the Senate, which is made up of two senators from each state. The second is the House of Representatives, which has representatives from each state based on the

According to the constitution of the United States the federal government is divided up into three branches to ensure an equal and balanced government and to make sure that no one or branch of government has too much power. The three branches are the legislative branch, executive branch, and the judicial branch. Each branch serves different purposes in the United States federal government and each branch is made up of different federal government employees. For example, the legislative branch make the laws. The legislative branch has the power to impeach the U.S. President and declare war. The legislative branch is made up of U.S. Congress which include the Senate and House of Representatives. Then there’s the executive branch which carry

Since the early 1950's Americans have had trouble controlling overspending. The United States government has engaged in deficit spending. This occurs when spending exceeds the amount of income

THESIS: The Legislative Branch consists of the House of Representatives and the Senate which forms the United States Congress; the Constitution grants Congress the single authority to pass legislation and declare war, the right to approve or reject Presidential appointments, and significant investigative powers.

Congress is under the Legislative Branch, which gives it the power to bring laws into effect for the country. However, that power is shared with the Judiciary Branch (the Supreme Court) in the sense that this branch interprets laws and acts of Congress. The Supreme Court is able to, through judicial review, also void any laws implemented by Congress that are considered to be

The wars in Iraq and Afghanistan are winding down and that will help lower the defense spending by almost $1 trillion over the next decade. The congress is realizing that they need to do some restructuring and have already begun rearranging the military budget in response to austerity. Congress conjured up a $630 billion defense appropriations bill that made plans to reduce civilian and contractor personnel by 5 percent over the next five years and in return ramp up advanced weapons programs, including drones, bombers and missiles says The Washington Post. The American Conservative

The Constitution gives Congress all of the legislative powers of the national government. The House and Senate share most of these powers. This includes the broad enumerated powers in Article I, Section 8, of the Constitution—for example, coining money, regulating interstate and foreign commerce, raising and equipping a military, and declaring war. The House and the Senate share most lawmaking powers. Bills must clear both chambers in exactly the same form before they are sent to the president for approval or veto.

“…Since 1940 the U.S. government has operated with an annual budget surplus for a total of only 13 years” (Miller 303). The United States clearly has had more years of budget deficits than budget surpluses. The federal government had a few years of back-to-back surpluses in the 1950s, a brief surplus in 1968, as well as a few more years of actual budget surpluses from 1998 to 2001. Congress and the executive branch reduced income tax rates slightly in 2001. In 2002, the government began to experience budget deficits. Estate tax rates and federal capital gains tax rates were cut in 2003, and tax revenues were not caught up with spending. As the 2000s decade progressed, tax revenues were growing closer to the rate of spending the government

For as long as Americans can remember there has always been a federal deficit. In fact, the only time in American history when there was no federal debt was under president Andrew Jackson, and it only lasted a single year(Wall Street Journal). The federal government never managed to pay off the debt again, although some administrations, like Coolidge’s and Clinton’s, have managed to run brief surpluses(Wall Street Journal). Yet today there seems to be no limit on the debt and deficit spending, and a key question has been pressed into the forefront of politics and fiscal policy, “is