Case Analysis: U.S. Budget
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 also discusses various other budget documents that follow a budget message and their related issues and initiatives. In addition, this paper also considers some major funding items, the mission statement and key strategic goals.
Budget Message of the President
Education is considered as a priority in the budget message of the President of United States. The President sated that the country has made an efficient growth in the economy and reduced the federal deficit by $250 billion since 2004. The government used a formula to achieve a balanced budget to create conditions for economic growth, keep taxes low, and expand taxpayer dollars advisably or not at all (Bush, 2008). The country has been awarded for hard work and innovation throughout the world. In addition, the country has made an aggressive growth in the economy and contributed to creating a flexible and dynamic economy. With the dynamic economy, people can easily pursue their dreams by turning their ideas into enterprises.
Adversely, there are several issues faced by the American economy could become problems as we look forward. These issues include recession, terrorist attacks, corporate scandals, wars, and devastating natural disasters. These issues were raised by
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 also discusses various other budget documents that follow a budget message and their related issues and initiatives. In addition, this paper also considers some major funding items, the mission statement and key strategic goals.
Budget Message of the President
Education is considered as a priority in the budget message of the President of United States. The President sated that the country has made an efficient growth in the economy and reduced the federal deficit by $250 billion since 2004. The government used a formula to achieve a balanced budget to create conditions for economic growth, keep taxes low, and expand taxpayer dollars advisably or not at all (Bush, 2008). The country has been awarded for hard work and innovation throughout the world. In addition, the country has made an aggressive growth in the economy and contributed to creating a flexible and dynamic economy. With the dynamic economy, people can easily pursue their dreams by turning their ideas into enterprises.
Adversely, there are several issues faced by the American economy could become problems as we look forward. These issues include recession, terrorist attacks, corporate scandals, wars, and devastating natural disasters. These issues were raised by
References: Bush, G.W. (2008). The Budget Message of the President. Retrieved from: http://www.gpo.gov/fdsys/pkg/BUDGET-2009-BUD/pdf/BUDGET-2009-BUD-4.pdf Department of Education. (2009). Annual Report 2009/10. Retrieved from: www.info.gov.za/view/DownloadFileAction?id=131310 Department of Education. (2011). U.S. Department of Education Strategic Plan for Fiscal Years 2011–2014. Retrieved from: http://bioremede.com/downloadoc.php?url=http://www2.ed.gov/about/reports/strat/plan2011-14/draft-strategic-plan.pdf Office of Management and Budget (U.S.). (2010). Budget of the United States Government, Fiscal Year 2011. USA: Government Printing Office. Office of Management and Budget. (2009). A New Era of Responsibility Renewing America’s Promise. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf Office of Management and Budget. Fiscal Year 2012: Budget of the U.S. Government. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf Park, M.W. (2011). Advancing Educational achievements. Retrieved from: www.edmeetings.com/agenda.pdf Whitehouse. (2009). Rescuing the Economy. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/rescuing.pdf Whitehouse. (2009). Restoring Responsibility. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/responsibility.pdf Whitehouse. (2009). Reviving Job Creation and Laying a New Foundation for Economic Growth. Retrieved from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/foundation.pdf