Week 1 – Assignment 1: Assess Political Decision Making and Week 2 - Assignment: Examine the Impact of Economic Policies on Society

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Week 2

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Analyzing Fiscal Policies

Fiscal policies deal with the government’s ability to manage spending and funding

appropriations to ensure a balanced and productive economy. Fiscal policies are important

elements of U.S. government operations at various levels of federal, state, and local

government. Public administrators must have a good understanding of fiscal policies to be

able to manage federal and state government programs. Spending restrictions,

appropriations, and allocation are crucial components of public administration.

Appropriations law is important because it outlines the government’s approach to

controlling fiscal restrictions to avoid fraud, waste, and fiscal abuse. By controlling taxes

and spending through fiscal policies, the U.S. government regulates industries as a means

of stabilizing the economy. Fiscal policies are used to project and control future long-term

debts as a means of estimating benefits and challenges to the U.S. economy and to avoid

economic turmoil such as a recession.

Fiscal policies affect all types of industries within the United States. The U.S. government

controls the fiscal narrative and leads the discussion on all things relating to fiscal law and

policy. The Congressional Budget Office (CBO) and Office of Management and Budget

(OMB) are the two main governmental bodies that analyze governmental budgets,

proposed legislation, and assess future fiscal projections for economic impacts. These

agencies and smaller ones like the Consumer Financial Protection Bureau ensures fiscal

policies are assessed and enforced to curtail potential strain to the U.S. economy. These

agencies often make congressional recommendations for law and policy amendments to

ensure the federal government can react to emerging challenges not covered under

existing laws and policies.

Other federal entities such as the Internal Revenue Service (IRS) and the Federal Reserve

ensure the banking industry and other large businesses follow pre-established fiscal laws

and policies to avoid any industry control of the U.S. economy. When laws and policies

are created in the United States, as mentioned in Week 1, during the implementation

phase of the policy cycle the federal government selects an agency or divide shared

responsibilities to a set of agencies for administering, managing, and monitoring, and

enforcing these laws and policies.

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Books and Resources for this Week

Baghestani, H., & Palmer, P. (2017). On

the dynamics of U.S. consumer

sentiment and economic policy

assessment. Applied Economics, 49(3),

227–237. Link

Consumer Financial Protection Bureau Link

Monetary and Fiscal Policy. (2018).

Regulation, 41(1), 8–13. Link

Sabin, P. (2016). “Everything has a

price”: Jimmy Carter and the Struggle

for Balance in Federal Regulatory

Policy. Journal of Policy History, 28(1), Link

References:

Congressional Budget Office (2018). The long-term budget outlook under

alternative scenarios for fiscal policy. Congressional Budget Office.

Be sure to review this week's resources carefully. You are expected to apply the

information from these resources when you prepare your assignments.

85.71 % 6 of 7 topics complete

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Stein, H. (2017). America can still do

big things: Dispelling the fiscal hysteria

that thwarts good public policy.

Harvard Law & Policy Review, 11(1) Link

Zhi Da, Warachka, M., & Hayong Yun.

(2018). Fiscal policy, consumption risk,

and stock returns: Evidence from U.S.

states. Journal of Financial... Link

Week 2 - Assignment: Examine the Impact of

Economic Policies on Society Assignment

Due March 20 at 11:59 PM

As the vice president for fiscal operations and policy with the Consumer Financial

Protection Bureau, you have been asked to create a PowerPoint presentation that

addresses the following:

1. Describe the role of the Consumer Financial Protection Bureau.

2. Assess the CFPB’s enforcement policies and explain three steps CFPB takes to

protect customers from financial institutions.

3. Explain the CFPB’s rulemaking process.

4. Critique the CFPB’s whistleblower protection policy and make recommendations

regarding any changes you would implement.

Length: 8-10 slides, not including the cover and reference slides.

References: Include a minimum of 3 scholarly resources.

Your presentation should demonstrate thoughtful consideration of the ideas and concepts

presented in the course and provide new thoughts and insights relating directly to this

topic. Your response should reflect scholarly writing and current APA standards. Be sure

to adhere to Northcentral University's Academic Integrity Policy.

Upload your document and click the Submit to Dropbox button.

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