U.S Budget: The Budget Message of the President and Rescuing the Economy
In these two sections of the 2010/2011 budget of the United States, the possibility of the depression that would hit the country is comprehensively discussed as of the time the current American president Barrack Obama took office. Particularly in the ‘Message of the President,’ the issues covered included the reduction of the Gross Domestic Product (GDP) and the inevitable crisis of the finances that radically affected the country’s economy. The challenges facing the economy are also specifically addressed in this section such as unemployment issues. In the ‘Rescuing the Economy’ the same issues are covered with details and specifics in the figures given. Specific ideas are also adequately presented in this section that involves the strategies to improve the situation. One of these includes the Recovery Act (U.S Budget, 2010) which the board anticipated that if well implemented, would work a great deal towards improving the economic crisis.
The sections also define the challenges that have been faced in the economy, thus largely contributing to the crisis. The two sections address the unemployment challenge diversely. The budget seeks to cater for this problem as a way of correcting the situation. It is thus recognized as a major challenge facing the country and their general national income in terms of the Gross Domestic Product. A challenge of unaffordable healthcare leading to a less healthy community and working force is also addressed in the ‘Message of the President.’ Correspondingly, the ‘Rescuing the Economy’ section is also clear on the many workers that were laid off from the crisis that may have less faith in the government and the efforts to improve the economy, thus considered a major challenge. However, the goals intended by this budget are clear that have a higher possibility than not of creating better economic conditions and rescuing the position of most employees and those adversely affected. The most significant of the goals is the implementing of strategies such as the Recovery Act that according to the ‘Rescuing the Economy Section’ will create answerability and lucidity in how the finances flow in the economy. Undoubtedly, this will achieve the figures intended with minimal risks of management.
It is worth noting that most communities were adversely affected by the fall in the American economy. This not only showed in the country but the world considering that America was a great economic giant that influenced many countries as well. Implementation of the strategies will improve the community living standards and assist to realize the American dream which allows people to live on at least mandatory minimal if they work hard enough. Similarly, the realization of the intended funds to cover the budget of up to $200million will ensure that the community receives a reasonable factoring of finances for self development and realization of development projects. Individually, the objective of restoring employment opportunities will be positively achieved, thus, a step ahead in recovering the Gross Domestic Product. The budget thus has a constructive impact on both the community and the individuals living in it following the strategies suggested.
From an individual point of view, it is worth noting that the American Government is doing the best it can to improve the lives of its people and the country at large. The 2010/2011 budget is well comprehensive and details important and achievable strategies that improve the economic conditions of the country. The attention given to the critical sectors such as the reforms anticipated in the health care system are also a great step for the economy. Ensuring improved standards in the education and security systems (U.S Budget, 2010) with adequate finances allocated also helps to achieve this purpose both directly and indirectly. The specific message in the ‘Message of the President’ of taking responsibility also works towards achieving the goals specified in the budget to better the country.
References:
Budget of the U.S. Government. (2010). Fiscal Year 2011. Retrieved from http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/budget.pdf
