US Budget Analysis

Prepare an analysis of funding levels for the U.S. Government and its Department of Education, identify trends as you look at the 2010 actual, and 2011 and 2012 amounts for outlays and receipts, and relationship to the Gross Domestic Product (GDP), and present a clear and concise conclusion that recaps the highlights of the documents with final remarks.

Go to http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2011  

Look at the Budget of the United States Government: Browse Fiscal Year 2012.

Paper must 5 to 6 pages in length.

Appropriate citations are required.

A.)Read the “Budget Message of the President” and prepare a summary of the President’s comments and points.

What progress has the county made during the past year?

What issues are we facing as we look forward?

What is the economic situation?

B.) Read other budget documents that follow the Budget Message and precede the departmental budgets. For example, the fiscal year 2011 budget contains the following important documents: “Rescuing the Economy”, “Reviving Job Creation and Laying a New Foundation for Economic Growth”, and “Restoring Responsibility.”

Prepare a summary of each of these documents.

What significant issues and initiatives are discussed in these documents?

C.) Find the Department of Education’s section of the President’s budget and review the information.

Then, present a summary of the following:

-Major funding Items

-Mission statement and the key strategic goal

-The Department’s budget, including actual total outlays for 2009, and estimates for 2010 and 2011. What is the percentage increase from 2009 to 2010 and 2010 to 2011?

1) Find the Summary Tables in the Budget and present the following:

Budget Totals in Billions of Dollars

Receipts                                       Actual 2010      Estimate 2011    Estimate 2012

Outlays

Deficit

Debt Held by the Public

Debt Net of Financial Assets

Gross Domestic Product (GDP)

Budget Totals as a Percent of GDP

Receipts                                         Actual 2010      Estimate 2011    Estimate 2012

Outlays

Deficit

Debt Held by the Public

Debt Net of Financial Assets

2) List each line item and enter the related amounts for the Department of Education Financial Information