Tuesday-Thursday 8-10 November 

Public Policy

Economics I and II and Externalities 

Administrative Items for Class

THE PUBLIC POLICY TOOLKIT

EVALUATION ACTIVITIES...

Economic and Tax Policy

ECONOMIC POLICY 628

America completely within the economic context, and the incremental model

Theories Influencing the Policy Environment 

GROWTH/RECESSION (GDP), INFLATION (CPI), UNEMPLOYMENT RATE 

Classical Theory- ‘The Market”   Leave it alone

§       Keynesian Theory – (New Deal)  - Public Policy

§       Supply-Side Economics – Gov’t the Problem, Tax relief Reaganomics

§       Monetary Economics – Money Supply M-1  “The Fed”  

628  

Theories Influencing the Policy Environment   

INDICATORS - 

Indicators: CPI, Unem, GDP and yours____________________?

TUESDAY - Policy Actors in Economics and Choices/Policies/Models

Policy Choices

Monetary Policy  

                            Currency + Demand Deposits= M1 & Reserve Deposits=Bank

         – The Fed changes the Reserve Ratio for banks…

                           -  Or changes the Discount Rate for borrowing reserves

-   and changes “the interest rate”  

Fiscal Policy -   The FY 2004 Federal Budget - Prez Bush's Budget FY1999  & FY2000

                           Incrementalism – small % changes from year to year

                           Bureaucratic Growth/Bloating – or Citizen Service Demands

                           Biennial and Fragmented (OMB + >>>?)

USBudget.com

BUDGETS – Entitlements/Mandatory  v.  Discretionary Spending  (PP 155, 157)  

   BudgetSimulation II  (Knowaldesign.com) - Where does your money go?

DEBT – 5,500,000,000,000    or $20,000/person in USA  NOW Surpluses  

THE FY Budget Making Process – Page 162  and Its Politics  Jack Spratt

                   

Table 1. Congressional Budget Process Timetable

 
Deadline
Action to be completed
First Monday in February President submits budget to Congress.
February 15 CBO submits report on economic and budget outlook to Budget committees.
Six weeks after President's budget is submitted Committees submit reports on views and estimates to respective Budget Committee.
April 1 Senate Budget Committee reports budget resolution.
April 15 Congress completes action on budget resolution.
June 10 House Appropriations Committee reports last regular appropriations bill.
June 30 House completes action on regular appropriations bills and any required reconciliation legislation.
July 15 President submits mid-session review of his budget to Congress.
October 1 Fiscal year begins.

Source:  96-912 GOV  A Brief Introduction to the Federal Budget Process by Robert Keith, Specialist in American National Government,  Government Division CRS- Congressional Research Service  November 13, 1996  http://www.house.gov/rules/96-912.htm#2c 

 

The Actors?

 TAX POLICY

Special Interest Groups specifically dealing with Taxes

Industry

Lobbyists, Tax Reform and Gucci Gulch

 Capital Gains

IRS REFORM!   - YAYAYAYAYAYAY!  

Budget Simulation  

NATIONAL BUDGET SIMULATION

In teams of 2 or 3, - click on this link and make the FY05 Budget - good luck!

PS -Can you balance the budget, and still do the things you want to?

Worksheet

 

 

 

 Economics and the Environment

SHOULD WE DRILL FOR MORE OIL IN ALASKA?

Environmental, Economic and Evaluation Policies

Evaluation

  Economics and the Environment

Budget Simulation and the Environment...Domestic Policy -- For the Planet

SHOULD WE DRILL FOR MORE OIL IN ALASKA?

 

Wrestling with Group Behavior Evaluation, Economics and and COMPLEX Issue Networks

 

ENVIRONMENTAL POLICY

PUBLIC CHOICE Theory, Group Theory and Externalities

 

  1. What is the cost of a sunrise over the Great Smoky Mountains?

Q.   What is the price of clean drinking water for our children?