Week 7 Forum Direction: Budgeting Fall Out In America

Week 7 Forum Direction: Budgeting Fall Out In America

Based upon your textbook Public Administration in America answer the following
1. Discuss modern government budgeting at the federal level since 1985. What was passed in 1985 to help reduce the deficit? How did these measures end in the 2000s, and why? In your explanation, use and define such budgeting terms as fiscal policy, gross domestic product, taxation, budget deficits, money supply, and the national debt.
2. You are the President. The economy has just crashed due to over-speculation by financial institutions. The solution, some feel, is the Troubled Asset Relief Program (TARP). Others feel it is a waste of money. Argue for or against government spending, using arguments as outlined in your text.

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