Who gets the money?. How many budgets did each department or agency propose? What are the differences between these 3 budgets? What are the president’s.

Slides:



Advertisements
Similar presentations
The Federal Budget and R&D Funding in 2007 Kei Koizumi AAAS Board of Directors October 27, 2006 AAAS R&D Budget and Policy Program
Advertisements

Federal Budget Process Steve Kidd and Allison Boehm Budget and Program Analysis Staff April 2009.
Chapter 14 Economic Policy Basic Economic Issues Fiscal Policy Monetary Policy Deficit Spending Budget Process.
The Congress, the President, and the Budget: The Politics of Taxing and Spending.
DWU #1 What role should government play in our life? Should they provide you with things? Should they provide you with an education? Should they provide.
THE FEDERAL BUDGET How much power does the President have over the federal budget?
Federal Budget Process
Taxes and Spending Chapter 14. SECTION 1 Taxes Three Major Federal Taxes The government collects three major federal taxes: personal income tax, corporate.
Do Now: What is a budget?.  Budget  President  Congress  Revenues (taxes)  Expenditures (spending/appropriations)  Categories of spending (Big 3)
Government spending Running the US Government cost this country around $2 Trillions dollars a year. Most of that money comes from taxes and Congress determines.
The Congress, the President, and the Budget: The Politics of Taxing and Spending Chapter 14.
Government Spending, Pt. 2. What are the three top expenditures of the federal gov’t? Social Security (#2) Medicare (#3) National Defense (#1)
Congress, the President and The Federal Budget Chapter 14 Chapter 17 The White House Tax receipt Budget Hero.
The Congress, the President, and the Budget: The Politics of Taxing and Spending Chapter 14.
The use of government spending and taxing to achieve economic growth, full employment and stable prices. FISCAL POLICY Chapter 15.
Creating the Federal Budget: Congress & The President.
The Congress, the President, and the Budget: The Politics of Taxing and Spending.
THE EXECUTIVE BRANCH. 33rd President,
The Congress, the President, and the Budget: The Politics of Taxing and Spending Chapter 14.
Creating a Budget Chapter 14. Budget Process Deficit v. Surplus Deficit occurs when expenditures exceed revenues in a year – $1.3 trillion in 2010 Surplus.
Raising Money Types of Taxes Managing the Country’s Money.
The President’s Budget $$$. COOK’S “caveat emptor” I am a Historian, Not an Economist.
Today’s Schedule – 11/22 Budget Deficits and National Debt Economic Cartoon HW – Read 16.2: Federal Reserve – Study for Ch. 14/15 Quiz.
SOME BASIC INFORMATION Policy document allocating burdens and benefits FEDERAL gov. funds a substantial and diverse range of programs and activities from.
Governments & Fiscal Policy Three levels of government: 1.Federal (USA) 2.State (NH) 3.Local (Merrimack) Fiscal Policy = plan for how governments gain.
Fiscal Policy Using taxes and government spending to influence the economy.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
Fiscal Policy/Federal Budget 15.3 Federal Budget—the Federal Gov’t plan for the use of government revenues. 3 Reasons for development of Federal Budget:
Budget- a plan for managing and spending money. A budget has two parts revenues and expenditures. A budget has two parts revenues and expenditures. Revenue.
Economic Impact of NASA Programs on the U.S. Economy Aerospace Industries Association President & CEO John Douglass March 2, 2006.
Bell Work: 1. How much money does the US spend per year? 2. Why is the budget important? What is it? Federal Budget.
Does the federal government budget spend your tax dollars wisely?
What would you buy if you had… $1 million? $1 billion? $17 trillion?
Governor’s Proposals for State & Education Budget January 14, 2003 School Services of California Sacramento, CA Presented by Phil White Deputy.
THE WHO, WHAT, WHY, AND HOW OF GOVERNMENT SPENDING Executive and the Economy.
 State budget $3 billion dollar deficit  30% shortfall for upcoming year  Temporary sales tax results in approximately $1 billion saved  Cuts.
Fiscal Policy Using taxes and government spending to influence the economy.
The Federal Budget Why does something so important have to be so complicated?
Fiscal Policy What is unemployment and the types? What effects does unemployment have on the economy?
ADVANCED AMERICAN GOVERNMENT.  SPENDING PRIORITIES  (table p. 460)  HHS spends the most of any government agency ($600+ Billion)  ENTITLEMENTS—benefits.
Oct 23 – Gov – The Budget Agenda: Debrief Activity Notes: The Budget IOUSA Homework: Read and take notes on chapter 13.3 and 13.4 ( ) Take Out: Pen/Pencil.
Class Presentation Sources of State Revenue. Georgia Performance Standard SS8E4  The student will identify revenue sources for and services provided.
FEDERAL BUDGET. TODAY’S OBJECTIVE After today students will be able to… Explain what motivations and interests determine the federal budget\ Essential.
CH. 14: THE CONGRESS THE PRESIDENT AND THE BUDGET.
BALANCING THE BUDGET GRADE 9 PARLIAMENTARY SIMULATION.
The Budget. Review terms: Budget: – A policy document allocating burdens (taxes) and benefits (expenditures). Expenditures: – What the government spends.
The CPA Profession’s Call for Federal Fiscal Responsibility
Aim: How does the budget deficit and national debt influence our economy Do Now: What is a budget?
Creating the Federal Budget:
Managing Our Country’s Money
The Budget.
Where your money goes Chapter 10.2 & 10.3.
GOVERNMENT SPENDING LESSON ACTIVITIES.
GOVERNMENT SPENDING LESSON ACTIVITIES.
Managing the Country’s Money
Learn the Appropriations Process
Federal Government Expenditures
10 trillion and counting Solve the deficit
PAD 505 Competitive Success-- snaptutorial.com
PAD 505Competitive Success/tutorialrank.com
PAD 505 Education for Service-- snaptutorial.com
PAD 505 Teaching Effectively-- snaptutorial.com
PAD 505 knowledge is divine-- snaptutorial.com. PAD 505 Assignment 1 The Operating Budget For more classes visit Assignment 1 The.
GOVERNMENT SPENDING LESSON ACTIVITIES.
Fiscal Policy.
GOVERNMENT SPENDING LESSON ACTIVITIES.
[ 9.3 ] The National Debt and Deficits
President Bush’s Health Plan
6-4: Working with the Bureaucracy
Financing Government Chapter 16.
Presentation transcript:

Who gets the money?

How many budgets did each department or agency propose? What are the differences between these 3 budgets? What are the president’s administrative priorities? What role might these priorities plan in creating your spending plan? What is the president’s main concern for the spending plan to be submitted to Congress?

$1,935,000 million = $1,935 billion= $1.935 trillion

You must visit each station at least once, but you may revisit as much as you like USE A PENCIL!!! To complete your spending plans(pg 10). Change is eminent. Add up your budget AFTER you have visited each of the 6 stations. Once you & your partner AGREE, write a letter to the president explaining your proposed plan and an explanation for your choices.(pg 11)

What challenges did you face in creating your spending plan? What are the benefits and consequences of cutting expenditures to balance the budget? What other options does the federal government have? Do you feel the federal government budget and spends your tax dollars wisely? Why or why not?