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  • 3 components according to Lisa Johnson, who represents Utah in the US House of Representatives Definition: Fiscal policy refers to the government's handling of the budget. Usually fiscal policy is about spending as much as possible, thereby stimulating the economy and increasing votes, without raising taxes. This has led to an ongoing budget deficit and a huge debt. Like any budget, fiscal policy guides two components: income and spending.
  • how purchases are to be made (including when and by whom) and how sales, if any, are to be handled (including what happens to the money).
  • Population growth brings increased need for transportation infrastructure.  A rising student population requires more school buildings, more teachers, and increased operating funds.  Development and maintenance of agreed procedures to prevent, reduce, control, mitigate and take other actions in the event of an emergency.
  • Ownership, management, line staff, community, environment Movie at 4:30
  • Presentation4

    1. 1. Fiscal Responsibility By: Shannon Joiner
    2. 2. The Question... <ul><li>What are the components of fiscal policy? </li></ul><ul><ul><li>Explain the components in-depth. </li></ul></ul>
    3. 3. Fiscal Responsibility <ul><li>3 Basic Components: </li></ul><ul><ul><li>Wisely managing resources </li></ul></ul><ul><ul><li>Preparing for the future </li></ul></ul><ul><ul><li>Avoiding debt </li></ul></ul>
    4. 4. Wisely Managing Resources <ul><li>Be watchful and avoid waste </li></ul><ul><ul><li>Create appropriate policies </li></ul></ul><ul><ul><li>Avoid confusion </li></ul></ul><ul><li>Assess needs and assign priorities </li></ul><ul><ul><li>Realistic </li></ul></ul>
    5. 5. Preparing for the Future <ul><li>Like the Boy Scouts - “be prepared” </li></ul><ul><ul><li>Helps us avoid problems instead of trying to fix them as they come along </li></ul></ul><ul><li>Realism in planning </li></ul><ul><ul><li>Emergency planning </li></ul></ul>
    6. 6. Avoiding Debt <ul><li>Investing vs. Spending </li></ul><ul><ul><li>Investing: maintaining physical assets </li></ul></ul><ul><ul><li>Spending: short-term solution </li></ul></ul><ul><li>Preventing deficit spending </li></ul><ul><ul><li>The amount by which a government, private company, or individual's spending exceeds income over a particular period of time </li></ul></ul>
    7. 7. Summing it up... <ul><li>Fiscal responsibility=taking care of your money </li></ul><ul><ul><li>Manage your resources wisely </li></ul></ul><ul><ul><li>Prepare for tomorrow </li></ul></ul><ul><ul><li>Try not to spend more than you make </li></ul></ul><ul><li>Decisions made today impact the future </li></ul><ul><ul><li>Not just one person’s future, but many </li></ul></ul><ul><li>Someone who did not manage his money wisely </li></ul><ul><ul><li>http://www. youtube .com/watch? v=CK3nI8WwSK4 </li></ul></ul>
    8. 8. Sources <ul><li>John Smith’s PowerPoint </li></ul><ul><li>http://www.electlisa.org/FiscalResponsibility.htm </li></ul><ul><li>http://www.fao.org/docrep/W5830E/w5830e0i.htm </li></ul><ul><li>http://www.investorwords.com/1373/deficit_spending.html </li></ul><ul><li>http://useconomy.about.com/od/glossary/g/Fiscal_Policy.htm </li></ul>

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