Chapter 4 - Economic Issues: Taxing, Spending and Budgeting...

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Economic Issues:  Taxing,  Spending and Budgeting   27 January 2009
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Government Expectations and Tools in  Manipulating the Economy   Government Intervention (pre-depression era) Conservatives and Liberals  Mixed Economy (promote growth and employment) Employment, Inflation, Interest Rates:  How To Manage  All of Them Gross Domestic Product   Economic Equality How Much Intervention is the Right Amount? 
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Obstacles to Managing the Economy Federalism (States vs National Government) Executive and Legislative Branch Fragmentation within the Executive Branch Conflicting Economic Policies Uncertain Policy Outcomes Entitlement Programs (Social Security, Medicare  and Medicaid) 
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Managing the Economy Employment Act of 1946 – Congress gave  responsibility for economic growth to the  federal gov’t and created the Council of  Economic Advisors.  Monetary Policy Fiscal Policy  
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Chapter 4 - Economic Issues: Taxing, Spending and Budgeting...

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