Question

In: Finance

Consider the past debate underway in Congress with respect to funding the federal government and the...

  1. Consider the past debate underway in Congress with respect to funding the federal government and the political considerations involved in passing social policies through the budgeting process.
    1. Should a social or political decision such as repeal of Obamacare or defunding of Planned Parenthood be a legitimate consideration in establishing fiscal policy in the United States?
    2. Does such a decision justify any potential impact on the US GDP and the overall economy?

Solutions

Expert Solution

About the Congressional Record

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873, and is still published today.

Note: Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873). These can be accessed through A Century of Lawmaking For a New Nation: U.S. Congressional Documents and Debates.

The Congressional Record consists of four sections:

  • Daily Digest

  • House section

  • Senate section

  • Extension of Remarks

At the back of each daily issue is the "Daily Digest," which summarizes the day's floor and committee activities and serves as a table of contents for each issue. The House and Senate sections contain proceedings for the separate chambers of Congress. Finally, the Extension of Remarks includes tributes, statements, and other information that supplements statements made on the Congressional floor.

Following each session of Congress, the daily Congressional Record is revised, printed, permanently bound, and also made available online.


Related Solutions

The U.S. federal budget is the focal point for debate on the role of government. Identify...
The U.S. federal budget is the focal point for debate on the role of government. Identify and explain one argument for and against increased government spending. Which side do you tend to agree with and why? This is not intended to be a political discussion, so let's keep our focus on the economic implications
With respect to recent Federal Government Fiscal Stimulus packages and Federal Reserve policies to control liquidity...
With respect to recent Federal Government Fiscal Stimulus packages and Federal Reserve policies to control liquidity and counter the credit crisis, what has the Federal Government and the Federal Reserve been doing? Why? What policy tools have they been using?
With respect to recent Federal Government Fiscal Stimulus packages and Federal Reserve policies to control liquidity...
With respect to recent Federal Government Fiscal Stimulus packages and Federal Reserve policies to control liquidity and counter the credit crisis, what has the Federal Government and the Federal Reserve been doing? Why? What policy tools have they been using? Inflation has traditionally been a concern of the Federal Reserve. Recently, there has been the possibility of deflation. Should the Fed be concerned with deflation of prices? What about targeting 'nominal GDP'? When inflation occurs some economic agents gain and...
How do Federal Reserve Banks generate income? Do they require supplemental funding from Congress? Were supplemental...
How do Federal Reserve Banks generate income? Do they require supplemental funding from Congress? Were supplemental funds provided to member banks during the first waves of pandemic relief passed by Congress in the spring of 2020? Please Explain. Interest rates have been going down recently. How does this affect bank’s profitability?
Discuss the pros and cons of the federal, state, and local government funding human service programs....
Discuss the pros and cons of the federal, state, and local government funding human service programs. Should they continue to do so, or should it be the responsibility of concerned citizens to “care for their own”?
Discuss the pros and cons of the federal, state, and local government funding human service programs....
Discuss the pros and cons of the federal, state, and local government funding human service programs. Should they continue to do so, or should it be the responsibility of concerned citizens to “care for their own”?
What responsibility do you think the federal government has for funding programs for the prevention and...
What responsibility do you think the federal government has for funding programs for the prevention and treatment of HIV infection? Do you think the government should pay for national prevention programs or increase financial aid to cities bearing the medical costs of caring for people with HIV?
Debate Topic : Does federal government of Canada should increase their spending on healthcare.Give information on...
Debate Topic : Does federal government of Canada should increase their spending on healthcare.Give information on cons/negative impacts if the government increase their spending on healthcare.Give statistics,proof,evidence. Please provide appropriate answer.
Consider the term distributable net income as it is used with respect to the Federal income...
Consider the term distributable net income as it is used with respect to the Federal income taxation of trusts and estates. How is this amount computed? Where is it used in computing the parties’ taxable incomes?
Discussion board: Healthcare in America debate Topic: Con : The federal government should have a greater...
Discussion board: Healthcare in America debate Topic: Con : The federal government should have a greater hand in the healthcare market?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT