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Policy making in the federal system - Research Paper Example

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House of Representatives and the U.S. Senate on the 29th of June 2012. The policy is designed to modify and modernize the existing transportation structure to boost employment, speed up…
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Policy making in the federal system
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Download file to see previous pages roads and bridges), and preventing accidents. States will determine their own objectives for enhancing cargo transfers, reducing blockage, modernizing infrastructures, and ensuring safety. MAP-21 incorporates a number of conditions to cut down costs and expedite project delivery time (n.a., 2012, 1). This essay analyzes how MAP-21 raises the issue about the conflict between state (local) and federal governments, its pros and cons, its effectiveness as a policy, and its consistency with the constitutional framework of American federalism.
When the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) concluded in 2009 the Congress agreed to draft another transportation proposal. The Senate successfully submitted a thoroughly drafted proposal—MAP-21. This Act was a major bipartisan program (Dilger, 2012, 1). Even though federal authority over surface transportation policy is still important, MAP-21 characterizes an extension of earlier focus of reauthorization on enlarging the state administrations’ executive power. For instance, the policy grants state governments more freedom in the utilization of federal highway support. It also grants states more freedom by increasing the projects entitled to resources reserved for non-highway associated improvements, like historic conservation, renovation of rails, and environmental protection. State governments were also given greater privilege to shift a percentage of those resources, within given conditions, to other federal safety and highway projects (CMAP Updates, 2012, para 4-5). However, some argue that the federal government has an obligation to make sure that federal resources are spent in the most resourceful and valuable way to advance the national objective of safeguarding the environment and boosting national economic development (Dilger, 2012, 2). They believe ...Download file to see next pagesRead More
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Federal reserve monetary policy depreciate overtime, if seen in the context of other assets such as land, gold, and silver. It is most liquid of all assets and its store value helps make us transaction. (Functions of Money) Central Bank Manages a Nation’s Monetary System The broad economic goals of monetary policy are full employment, sustainable economic growth, and minimum inflation. The Federal Reserve achieves these goals by regulating and controlling the growth of money and availability of credit. It achieves its goals either by open market operations, altering lending rate or reserve ratio. (The Fed Today) A) Open Market Operations The Fed's tool for mitigating the effect of inflation and...
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