Federal Budget Issues and Explanations

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Essay #: 052610
Total text length is 8,526 characters (approximately 5.9 pages).

Excerpts from the Paper

The beginning:
Federal Budget Issues and Explanations
Abstract
This paper discusses various subjects contained within and affected by decisions made by the US Congress for the annual Federal Budget. Discussion includes the major categories (#1 and #2) of expenditures and revenues, explanation of whether there should be concern over net interest outlays and national debt, the major long-term concerns about the budget, andrecommendations over dealing with those concerns.
Federal Budget Issues and Explanations
The Federal Budget provides a financial record of the government’s receipts and expenditures and sets forth its resource allocation priorities based on amounts given to various programs and departments. Every year, the President submits a proposed...
The end:
.....s of debt financing to the United States stop funding the deficit. The economic catastrophe that such a failure will cause is something that should be avoided by all means necessary.
References
The Congress of the United States: Congressional Budget Office.
(August 2007). The Budget and Economic Outlook: An Update.
Retrieved June 11, 2009 from: http://www.cbo.gov/ftpdocs/85xx/doc8565/08-23-Update07.pdf
Matthew, W. (2008). A Glass Half Full. Armed Forces Journal.
Retrieved June 12, 2009 from: http://www.armedforcesjournal.com/2008/11/3758514
Steinberg, E. (2000). Understanding the Federal Budget. Public
Information Department, Federal Reserve Bank of New York. Retrieved June 12, 2009 from: http://www.newyorkfed.org/education/addpub/budg4.pdf