The Federal Budget For The United States

The United States federal government is composed of three institutions, the Congress, the President, and the Supreme Court. Based on the Constitution of the United States, the federal system, and the separation of power, the three branches exist and each represents the three institutions, the legislative branch is vested by the Congress, the judicial branch is vested by the Supreme Court, and the executive branch is vested by the President. The three distinct branches are respectively independent…

Introduction The United States Federal Government collects taxes to finance various services to the citizens. According to Rubin 2013, “Budgeting implies balance between revenues and expenditures, and it requires some kind of decision-making process.” A budget associates responsibilities to these resources, ensuring that money is available to go to war, infrastructure and to help citizens in need. Politicians, as policymakers evaluate key decision-making processes about revenues and expenditures…

largest economy in the world. The United States founding fathers established a government system to distribute certain powers of the federal government to particular branches that have checks and balances in place to assure efficiency and openness among its divisions. One may assume that the organization that controls the monetary supply of an economic powerhouse of a country would have strong oversight and control over the policies they carry out. The Federal Reserve, also referred to as The Fed…

The quality of life today for most Native Americans is drastically lower than that of the average non-Native American. Why? The United States federal government failed to continue the upward economic trajectory of the Native peoples. The aid and reconciliation Calvin Coolidge desired were not continued successfully. Instead, it is evident that while the Department of the Interior and the Presidential administrations after Coolidge have have had empathy and a desire for the Native Americans’…

The budget of the United States is a document that announces how much the government will collect in taxes and spend in revenues and how those expenditures will be allocated among various programs. The basic jist of it is how much money the government is going to spend and where it is going to spend it. There are three major areas the government spends this money: the country’s defense, Medicare, and social security. These are called uncontrollable expenditures because they involve contracts already…

A federal state is one that brings together a number of different political communities with a common government for common purposes, and separate “state” or “provincial” or “cantonal” governments for the particular purposes of each community. The United States of America, Canada, Australia and Switzerland are all federal states. Federalism combines unity with diversity. It provides, as Sir John A. Macdonald, Canada’s first Prime Minister, said, “A general government and legislature for general purposes…

Federal Government The United States of America government is called the federal government and is the republic of the fifty states which constitute the United States. It also constitutes the capital districts and several other territories. Now the government is made up of three different branches and they are the Executive, Legislature, and the Judicial. Those powers are all vested by the US constitution which is in the congress, the president, and also the federal court that also includes…

Today, many Americans are firm believers that the federal government is constantly overreaching and causing citizens to feel harassed and mislead. The idea that the federal government has become overly powerful is exceedingly common throughout the United States. In many cases, the federal government does overstep by inappropriately using the power that they possess. However, there is a fine line between rebelling against the federal government for your own freedom and completely overlooking all of…

What is the current state of the Federal Budget? According to Shultz (2002), individuals and businesses fund the Federal Government through personal income and payroll taxes. With the unemployment rate at 8.1% as of January 1st, 2014 (Bureau of Labor Statistics, 2014), created an overall shortage in both individual and business taxes. Segal (2010) points out that America has not had a balanced budget since 2001. In 2008 the US national debt held by foreign holdings was at 48%, while the public…

The total budget of the United States is $4.1 trillion. This accrues for two-thirds of the total spending budget. $1.14 trillion (33%) is spent on institutions such as Social Security, Labor, and Unemployment. $1.03 trillion (27%) is spent on Medicare and Health. $586.6 billion (16%) is spent on military. Veterans benefits, food and agriculture, transportation, housing, education make up the remaining 44% of the total budget. The discretionary budget is the portion of the the federal budget that congress…