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Essay / Research Paper Abstract
This 10 page paper provides an overview of the process that takes place in the United States. Pertinent legal requirements are examined. Historical and contemporary information includes several examples. Bibliography lists 7 sources.
Page Count:
10 pages (~225 words per page)
File: RT13_SA6Budgt.doc
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Unformatted sample text from the term paper:
deficit. Now, they have to do something about the surplus which is also replete with controversy. In deciding what needs to be done about either a surplus or a deficit
what must be sought is the purpose of the federal budget process and the laws behind it. Simply talking about what to do with extra money has little meaning if
politicians do not follow the intent and letter of the law. The government now has a surplus and that simply means that
it takes in more from taxes than it gives back to the public (Eisner, 1998). There is debate as to what the surplus should be used for but what
is at the crux of the debate must be the law. Does the government has the right to use the surplus for Social Security for example? Must it be used
to maintain the infrastructure or must it be given back to the people? There are arguments on both ends, mostly political, but clearly they touch legal territory. However, the answer
lies in how the budget is created. There is a protocol and in this system of checks and balances, it seems to work. Eisner (1998) says that the budget surplus
should not be used either for Social Security or to reduce the national debt, but should be put into social services and the physical infrastructure as well. In other words,
the money should be utilized to create and maintain programs for the needy, something which has been a serious debate that usually divides party lines. The authors argument is that
Social Security will survive anyway because it is mandated by law and funded by workers. Eisner also notes that the economy will remain healthy as it stands. In looking at
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