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Discussion 4
Description
In recent years, the surging demand for public goods and
services has encountered serious structural fiscal problems at
every level of government in the U.S. The COVID19 pandemic
makes the situation even worse. The following are some
examples that are heavily debated among budget officials and
experts:
· Unsustainable National Debt Path
· The Elephant in the Federal Room – Growing Medicaid Cost
· The Elephant in the State/Local Room – Pensions
· Insufficient Infrastructure Investment
1. Please pick one of the four issues and explain why it is a big
threat to U.S. fiscal sustainability. (It is required to integrate
assigned module readings. Please use APA in-text citation. )
2. To deal with these fiscal challenges, one option i s to increase
the taxes. Proponents of the tax increase say that adequate tax
revenues are a prerequisite for making government function and
"a functioning public sector is critical for a comfortable and
civilized society" (Mikesell, 2011). However, some people
argue that prudent funding would force the government to
prioritize projects and eliminate waste. Should governments
raise taxes? Why?
The approximate length of an original post should be
between 200-300 words.
Please use APA in-text citations of the articles read or websites
to strengthen your opinion/ argument.
Readings & Videos for Disussion #4
Module 5: Public Finance and Budgeting
"It's not about the money money money.
We don't need your money money money.
We just wanna make the world dance.
Forget about the price tag." Jessie J - Price Tag
No. We cannot forget about the price tag! Indeed, implementing
policies costs a lot!
Welcome to Module 5: Public Finance and Budgeting. We will
follow the governments' money this week. This overview page
provides a step-by-step guide on how to successfully finish this
module.
1. Review the following module objectives. Use it as a tool to
guide your learning experience.
2. Read the lecture note.
3. Read all the required materials and watch the videos
indicated in the lecture note.
4. Finish Discussion 4. (One original post and two response
posts). It is required to make your original post earlier this
week by Thursday 11:59 pm.
5. Finish Assignment 2 - Flu Vaccine Case Study. It's due by
Sunday, 11:59pm.
6. Start working on Assignment 3 - Personal Statement for A
Public Service Position.
Objectives
Upon completion of this module, you will be able to:
1. Explain the importance of public finance and budget in a
theoretical manner
2. Describe the major tax structures in federal, state, and local
governments.
3. Describe the major expenditure functions in federal, state,
and local governments.
4. Define the budgeting process and budget
5. Explain the major U.S. fiscal challenges
Readings and VideosRequired Materials:
1. Lecture Note (Review First!)
Minimize File Preview
2. Book Chapter: Tax Policy Center. (2020). Chapter 2 Federal
Budget in Tax Policy Center Briefing Book
3. Book Chapter: Tax Policy Center. (2020) Chapter 5 The State
of State (and Local) Tax Policy in Tax Policy Center Briefing
Book
4. Journal Article: Chapman, J. I. (2008). State and local fiscal
sustainability: The challenges. Public Administration
Review, 68(SUPPL. 1), S115–S131.
5. Video: Casual Historian. (2018). The U.S. National Debt
Explained (Links to an external site.)
6. Video: U.S. Comptroller General Gene Dodaro testified
before the Senate Budget Committee on the Government
Accountability Office’s (GAO) annual report on the nation’s
fiscal health. (Links to an external site.)
The video is related to a GAO report: GAO. (2020). The
Nation’s Fiscal HealthRecommended Materials:
· If you want to get a detailed overview of the whole system of
U.S. public finance, you are recommended to scan and search
the whole Tax Policy Center Briefing Book (Links to an
external site.)
· A guide on the federal budgeting process (Links to an external
site.).
· A guide on the Miami-Dade budgeting process (Links to an
external site.).
· The Miami-Dade County 2019 Budget (Links to an external
site.)
Activities
· Finish Discussion 4: U.S. Fiscal Challenges
·
· It is required to make one original post and two response
posts. You will not see any other students' posts until you have
created your original post.
· It is required to make your original post earlier this week by
Thursday so that your classmates can have time to respond. As
one of the rubric criteria, the more responses your original post
generates, the higher the grade you will earn.
· Finish Assignment 2 - Flu Vaccine Case Study. It's due by
Sunday, 11:59pm.
· Start working on Assignment 3 - Personal Statement for A
Public Service Position

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Discussion 4 descriptionin recent years, the surging demand

  • 1. Discussion 4 Description In recent years, the surging demand for public goods and services has encountered serious structural fiscal problems at every level of government in the U.S. The COVID19 pandemic makes the situation even worse. The following are some examples that are heavily debated among budget officials and experts: · Unsustainable National Debt Path · The Elephant in the Federal Room – Growing Medicaid Cost · The Elephant in the State/Local Room – Pensions · Insufficient Infrastructure Investment 1. Please pick one of the four issues and explain why it is a big threat to U.S. fiscal sustainability. (It is required to integrate assigned module readings. Please use APA in-text citation. ) 2. To deal with these fiscal challenges, one option i s to increase the taxes. Proponents of the tax increase say that adequate tax revenues are a prerequisite for making government function and "a functioning public sector is critical for a comfortable and civilized society" (Mikesell, 2011). However, some people argue that prudent funding would force the government to prioritize projects and eliminate waste. Should governments raise taxes? Why? The approximate length of an original post should be between 200-300 words. Please use APA in-text citations of the articles read or websites to strengthen your opinion/ argument.
  • 2. Readings & Videos for Disussion #4 Module 5: Public Finance and Budgeting "It's not about the money money money. We don't need your money money money. We just wanna make the world dance. Forget about the price tag." Jessie J - Price Tag No. We cannot forget about the price tag! Indeed, implementing policies costs a lot! Welcome to Module 5: Public Finance and Budgeting. We will follow the governments' money this week. This overview page provides a step-by-step guide on how to successfully finish this module. 1. Review the following module objectives. Use it as a tool to guide your learning experience. 2. Read the lecture note. 3. Read all the required materials and watch the videos indicated in the lecture note. 4. Finish Discussion 4. (One original post and two response posts). It is required to make your original post earlier this week by Thursday 11:59 pm. 5. Finish Assignment 2 - Flu Vaccine Case Study. It's due by Sunday, 11:59pm. 6. Start working on Assignment 3 - Personal Statement for A Public Service Position. Objectives Upon completion of this module, you will be able to: 1. Explain the importance of public finance and budget in a theoretical manner 2. Describe the major tax structures in federal, state, and local governments. 3. Describe the major expenditure functions in federal, state, and local governments. 4. Define the budgeting process and budget 5. Explain the major U.S. fiscal challenges
  • 3. Readings and VideosRequired Materials: 1. Lecture Note (Review First!) Minimize File Preview 2. Book Chapter: Tax Policy Center. (2020). Chapter 2 Federal Budget in Tax Policy Center Briefing Book 3. Book Chapter: Tax Policy Center. (2020) Chapter 5 The State of State (and Local) Tax Policy in Tax Policy Center Briefing Book 4. Journal Article: Chapman, J. I. (2008). State and local fiscal sustainability: The challenges. Public Administration Review, 68(SUPPL. 1), S115–S131. 5. Video: Casual Historian. (2018). The U.S. National Debt Explained (Links to an external site.) 6. Video: U.S. Comptroller General Gene Dodaro testified before the Senate Budget Committee on the Government Accountability Office’s (GAO) annual report on the nation’s fiscal health. (Links to an external site.) The video is related to a GAO report: GAO. (2020). The Nation’s Fiscal HealthRecommended Materials: · If you want to get a detailed overview of the whole system of U.S. public finance, you are recommended to scan and search the whole Tax Policy Center Briefing Book (Links to an external site.) · A guide on the federal budgeting process (Links to an external site.). · A guide on the Miami-Dade budgeting process (Links to an external site.). · The Miami-Dade County 2019 Budget (Links to an external site.) Activities · Finish Discussion 4: U.S. Fiscal Challenges · · It is required to make one original post and two response posts. You will not see any other students' posts until you have created your original post.
  • 4. · It is required to make your original post earlier this week by Thursday so that your classmates can have time to respond. As one of the rubric criteria, the more responses your original post generates, the higher the grade you will earn. · Finish Assignment 2 - Flu Vaccine Case Study. It's due by Sunday, 11:59pm. · Start working on Assignment 3 - Personal Statement for A Public Service Position