Paper, Order, or Assignment Requirements
As you have seen, public budgeting is inherently political. Indeed, it is driven by an acutely political cycle: For example: 1) Politicians promise benefits in order to get elected; 2) Those promised benefits often come at high expense; 3) If campaign promises are to be kept, taxes must be raised or reorganized in order to transfer and transform private wealth into government revenue to cover those expenses; 4) Individuals losing wealth through higher taxes may seek to remove from office the politicians that raised their taxes, and so on. In light of this cycle, many individuals, institutions, political challengers and think tanks may work to hold elected officials accountable for their public budgeting decisions. In this week’s discussion board forum, please provide and explain an example of political strategies used to hold elected officials accountable for taxing/spending policy and an example of a political strategy used by politicians to avoid the potentially negative consequences of deficit spending or tax increases.