preview

Case Analysis: U.S. Budget Essay

Best Essays

Case Analysis of U.S. Budget
By: Adrienne Chavis
Professor: Frank Pidgeon
PA 581- Government Budgeting and Finance

Introduction
This paper discusses the financial complexities of the U.S. Government and its Department of Education. The purpose of this paper is to analyze the funding level of the U.S. Government and its Department of Education. It also reviews several trends that are identified at 2009 actual, 2010 and 2011 amounts for outlays and receipts, and relationship to the Gross Domestic Product (GDP). It further considers key summary of the budget message of the President of the United States as it is related to issues and economic situations during the financial year 2009 (Office of Management and Budget, 2010). This paper …show more content…

Reviving Job Creation and Laying a New Foundation for Economic Growth: This is another important document that provides information on issues related to investment for job creation and placing a new structure for economic growth. Small Business Access (SBA) is a significant challenge in the economic crisis. The economy restricts SBA to expand and operate the business (Whitehouse, 2009). There are several areas selected in which job creation investments will be made in the future such as education, clean energy, infrastructure, etc. This document also considers information related to Refocus Troubled Asset Relief Program (TARP), which is helpful for small business. The budget also eliminates capital gain tax on small businesses according to the American Recovery and Reinvestment Act. Enhancement in regional economic competitiveness is also essential for economic creativity and national growth. Another key is that the Department of Agriculture (USDA) supports rural innovation initiative that is important to foster rural revitalization.
Restoring Responsibility: This document determines change in policies and programs for creativity and hard work of Americans that is necessary for economic growth. The administration has restored fiscal discipline, because the President faced unfavorable economic conditions. Budget eliminates funding for inefficient

Get Access