The Federal Budget: 2013 and Beyond

by Jacob E. Lambert; Isabella M. Johnson

• ISBN13: 9781620819203
• ISBN10: 1620819201
• Format: Hardcover
• Copyright: 2012-11-25
• Publisher: Nova Science Pub Inc

Summary

The federal budget is central to Congress's ability to exercise its "power of the purse." Federal budget decisions also express Congress's priorities and reinforce Congress's influence on federal policies. Making budgetary decisions for the federal government is a complex process and requires balancing competing goals. Recent economic turmoil has strained the federal budget as a result of declining revenues and increasing spending levels. As the economic recovery continues, the budget process will allow the President and Congress to negotiate priorities and refine spending plans. This book examines issues for the FY 2013 federal budget with a focus on the rising costs of entitlement programs, significant spending on overseas military operations, and low revenue levels. While the economy is growing again, unemployment remains elevated and government spending on "automatic stabilizers," such as unemployment insurance and income security programs, remains higher than historical averages.

Table of Contents

Preface

The Federal Budget: Issues for FY2013 & Beyond

Reducing the Budget Deficit: Policy Issues

The Budget Control Act of 2011: Effects on Spending Levels & the Budget Deficit

Updated Budget Projections: Fiscal Year 2012 to 2022

An Analysis of the President's 2013 Budget

The Federal Government's Long-Term Fiscal Outlook -- Spring 2012 Update

Index

Table of Contents provided by Publisher. All Rights Reserved.