Case Study Analysis
CASE ANALYSIS #1
UNITED STATES BUDGET
Randy M. Little
Government Finance and Budget
PA 581
Professor Richard Adamich
September 30th, 2012
TABLE OF CONTENTS
BUDGET MESSAGE OF THE PRESIDENT PAGE 3 – 4
OTHER BUDGET DOCUMENTS PAGE 4 – 5
DEPARMENT OF EDUCATION PAGE 5 – 6
SUMMARY TABLES PAGE 6 – 7
CONCLUSION PAGE 7
REFERENCE PAGE PAGE 8
BUDGET MESSAGE OF THE PRESIDENT When President Obama took office in the White House, the country was in financial turmoil. The housing market was unstable, Wall Street was crumbling beneath our feet, the automobile industry was near collapse and although I hate to mention it, the massive amount of job lost was a major issue as well. The progress that the county has made from the previous year are that of a stabilized housing market by allowing lenders to work with homeowners to keep them in their homes and the government extended financial assistance to banks, financial institutions and the automotive industry. President Obama has also, created the American Recovery and Reinvestment Act (ARRA) that invested in the infrastructure of the country. The ARRA provided tax cuts to small businesses, invested in health care, education and infrastructure. The issues that the country faces as we move forward include the revamping of the education, the rising cost of the health care system and figuring out how to support and protect democracy around the world while trying to reduce the overall budget. The national debt is major concern for the President moving forward. The educational system is not preparing our students for future jobs and we rank lower than our counterparts with similar resources. The health care system prices are continuing to rise, therefore millions of Americans will not be able to afford healthcare. The President must chose how to cut the military spending but keep the homeland safe and other countries as well. The President must be
UNITED STATES BUDGET
Randy M. Little
Government Finance and Budget
PA 581
Professor Richard Adamich
September 30th, 2012
TABLE OF CONTENTS
BUDGET MESSAGE OF THE PRESIDENT PAGE 3 – 4
OTHER BUDGET DOCUMENTS PAGE 4 – 5
DEPARMENT OF EDUCATION PAGE 5 – 6
SUMMARY TABLES PAGE 6 – 7
CONCLUSION PAGE 7
REFERENCE PAGE PAGE 8
BUDGET MESSAGE OF THE PRESIDENT When President Obama took office in the White House, the country was in financial turmoil. The housing market was unstable, Wall Street was crumbling beneath our feet, the automobile industry was near collapse and although I hate to mention it, the massive amount of job lost was a major issue as well. The progress that the county has made from the previous year are that of a stabilized housing market by allowing lenders to work with homeowners to keep them in their homes and the government extended financial assistance to banks, financial institutions and the automotive industry. President Obama has also, created the American Recovery and Reinvestment Act (ARRA) that invested in the infrastructure of the country. The ARRA provided tax cuts to small businesses, invested in health care, education and infrastructure. The issues that the country faces as we move forward include the revamping of the education, the rising cost of the health care system and figuring out how to support and protect democracy around the world while trying to reduce the overall budget. The national debt is major concern for the President moving forward. The educational system is not preparing our students for future jobs and we rank lower than our counterparts with similar resources. The health care system prices are continuing to rise, therefore millions of Americans will not be able to afford healthcare. The President must chose how to cut the military spending but keep the homeland safe and other countries as well. The President must be