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Improving America's Debt Essay

740 words - 3 pages

The nation is governed by politics and money. The governmental officials have struggled with controlling the nations check and balance, and the debt of the nation. The government has to master and principle of public finance, equimarginal principle, public choice and political process. Public Goods as essential to have and they create opportunity but the concerns are to what measures?
When the government was originally created the government created a Check and Balance system. This system is used to make sure that government branches do not overpower one another. The goal was for everyone to work together for a common cause to makes sure that the supply and demand is being met in a ...view middle of the document...

This system was the Budget Reform which was a “system designed to accommodate the multiple functions of budgeting.” When government officials, organizations, and congressional leaders come together and apply the principles of public finances there has to be a plan of where the funds will applied toward public goods. To accomplish an effective outcome for the public goods three main factors must be applied to produce and effective budget such as: planning, management, and control of public finances. “Strategic planning is the process of deciding on objective of the organization, on changes in these objectives, on the resources used to attain these objectives, and on the policies that are to govern the acquisition, use, and disposition of these resources. Management control is the process by which managers assure that resources are obtained and used effectively and efficiently in the accomplishment of the organization’s objectives. Organizational control is the process of assuring that specific tasks are carried out effectively and efficiently. Every budget system comprises planning, management, and control process.”
The government recently has made drastic decision of cutting the budget be the government official are face with a nation debt of “$61 Trillion, an average of...

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