Question

In: Economics

Should the earmark system be brought back with controls? Why or why not?

Should the earmark system be brought back with controls? Why or why not?

Solutions

Expert Solution

Yes, the earmark system can be brought back

Earmarking is the cycle whereby individuals or associations appropriate explicit cash for specific purposes. Congress ended earmarking in 2010 after Republicans again took control of the U.S. House. House Republicans passed a standard for their Conference that they wouldn't earmark.

Among the advantages of once again introducing earmarking is that it would motivate more Members of Congress to partake in the administrative cycle, particularly those in the minority party. It's getting progressively hard for those with little rank, the individuals who aren't considered particularly defenseless in the following political decision, or the individuals who have conflicted with the initiative now and again to highlight huge authoritative accomplishments. It very well may be a genuine distinct advantage for each legislator to feel like they have some contribution to the process making measure since they remain to profit by making sure about a substantial thing for their region.

The way to earmarking being essential for acceptable administration lies in once again introducing them appropriately. The current budget is dysfunctional and it is exacerbated by the breakdown of the allocations and approvals measures. Congress should utilize approvals to coordinate approach by setting financing restrictions for endorsed (or approved) programs – at the end of the day, putting cash where the needs are. At that point, through the allocations cycle, administrators make sure the perfect measure of cash is placed into the correct spending basin. In any case, spending dysfunction has prompted serious issues. Indeed, they were mishandled previously. That doesn't mean they can't be utilized as a feature of keen planning. In the period of web-based media, straightforwardness in spending bills can be accomplished.


Related Solutions

A well-designed accounting information system should provide adequate controls in the general ledger and reporting system...
A well-designed accounting information system should provide adequate controls in the general ledger and reporting system (or any cycle) to ensure that control objectives are met. Discuss those control objectives.
Explain system controls. What are they? Why are they so important? Is there ever a time...
Explain system controls. What are they? Why are they so important? Is there ever a time when a system has too few or too many controls? Explain your answer. Identify and discuss numerous types.
Explain the key functions required when amending an account that is ready to be brought back...
Explain the key functions required when amending an account that is ready to be brought back into balance without any debts. Discuss in 50–80 words.
Question 2: International Monetary System a. Why did the world not go back to the Gold...
Question 2: International Monetary System a. Why did the world not go back to the Gold Standard at the end of World War 2? b. Why did the world not adopt floating exchange rates at the end of World War 2? c. What was the Bretton Woods Exchange Rate System abandoned by the major economies in March 1973?
Explain briefly why In umbilical prolapse, the protruding umbilical cord should never be pushed back into...
Explain briefly why In umbilical prolapse, the protruding umbilical cord should never be pushed back into the uterus
Should inflation be controlled by wage-price controls?
Should inflation be controlled by wage-price controls?
Discuss what significant elements should a CPA firm’s methodology for assessing internal controls have? Why is...
Discuss what significant elements should a CPA firm’s methodology for assessing internal controls have? Why is each of these elements important? What risk does the CPA firm run if each of these elements were not included in the assessment of the internal controls process?
Why is it important to adopt a cost-effective risk management controls controls
Why is it important to adopt a cost-effective risk management controls controls
When selecting controls for a case-control study, all of the following are considerations except: Controls should...
When selecting controls for a case-control study, all of the following are considerations except: Controls should estimate the distribution of exposure in the source population Controls should be sampled independently of exposure status Controls need to be representative of at risk population. Controls should not have the same exposure prevalence as the cases None of the above.
Should the market system be allowed to solve the problem itself and why?
Should the market system be allowed to solve the problem itself and why?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT