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Instructions as follows: Week 6 Discussion 2: Political Theory and the Budget
1 1 unread reply. 1 1 reply.
Required Resources
Read/review the following resources for this activity:
Textbook: Review Chapter 2, 3 (pp. 56-59), 13
Lesson
Additional scholarly sources you identify through your own research
Initial Post Instructions
Explain how a liberal and conservative would approach developing the US budget. Use evidence (cite sources) to support your response from assigned readings or online lessons, and at least one outside scholarly source.
Follow-Up Post Instructions
Respond to at least two peers or one peer and the instructor. Further the dialogue by providing more information and clarification. Minimum of 1 scholarly source, which can include your textbook or assigned readings or may be from your additional scholarly research.
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| Subject |
Economics |
Pages |
3 |
Style |
APA |
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Answer
Liberal and Conservative Theories Approach to United States Budget
Government budgeting is done annually, and usually dependent on the state policies for budget formulation. Different individuals would approach budgeting for the United States differently (Ferriere & Navarro, 2018). A liberal would have an idea of ensuring high rate of money circulation, as a means of fostering more economic growth, while a conservative would view it differently. The following are some of the specific approaches that these two individuals would view budgeting for United States.
Conservative’s Approach
This kind of individual would be concerned more about the welfare of the United States. Besides, the individual would perceive that the traditional, sectors are so critical, even if their contribution to the Gross Domestic Product (GDP) is negligible. Contribution of the agricultural sector to the United States’ GDP for instance is only 1% (Lauth, 2016).To an individual, this sector would have its funding rate retained, even if its contribution is negligible. The military sector, contributes a lot to economic stability of peace in the United States. The conservative would therefore invest more on protecting the borders of the United States, as opposed to aiding the peace and tranquility in other nations. He would reduce Aids, and concentrate more in United States’ economic development.
Liberal Approach
A liberal on the other hand, would be interested in the life of Americans, and the world at large (Magstadt, 2017). Such an individual would increase funding on keeping peace of other nations, poverty eradication in other nations, environmental conservation both in the United States and other nations, among other. In essence, a liberal would be guided by a notion that the stability of America, is dependent on the stability of other nations. Though this would increase the government annual budget, but it would satisfy the individual.
References
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Ferriere, A., & Navarro, G. (2018). The Heterogeneous Effects of Government Spending: It’s All about Taxes. Working Papers -- U.S. Federal Reserve Board’s International Finance Discussion Papers, 1–63.
Lauth, T. P. (2016). The Line-Item Veto in Government Budgeting. Public Budgeting & Finance, 16(2), 97–111.
Magstadt, T. M. (2017). Understanding politics: Ideas, institutions, and issues (12th ed,). Boston, MA: Cengage.
Appendix
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Appendix A:
Communication Plan for an Inpatient Unit to Evaluate the Impact of Transformational Leadership Style Compared to Other Leader Styles such as Bureaucratic and Laissez-Faire Leadership in Nurse Engagement, Retention, and Team Member Satisfaction Over the Course of One Year
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