Nobody downloaded yet

Waste in Government Spending - Research Paper Example

Comments (0) Cite this document
Summary
Waste in government spending (name) (school) Waste in government spending Government expenses are considered to be expenses which are necessary in running a nation. These expenses are mostly supported by the taxpayer’s money and by the profitable ventures and assets of the state…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Waste in Government Spending
Read TextPreview

Extract of sample "Waste in Government Spending"

Download file to see previous pages This paper shall specifically address the thesis: the United States government has a significant amount of unnecessary expenses which waste the taxpayers’ money. It shall discuss the fact that the US is spending unnecessarily for matters and items which can actually be discarded as government expenses. This paper is being carried out in order to establish an argumentative and logical conclusion to the thesis, setting forth a scholarly and detailed approach to the resolution of the issue raised. The US government has a significant amount of unnecessary expenses which waste the taxpayers’ money. President Barack Obama himself has acknowledged the fact that “0.004 of 1 percent of the federal budget as wasteful and proposed eliminating this $140 million from his $3.6 trillion fiscal year 2010 budget request” (Riedl, p. 1). Such waste in government spending is significantly impacting on the areas where actual and essential spending is needed and where deficiencies are impacting on the quality of government services. There are different kinds of waste seen in government spending, and many of them were specified and detailed by Senator Tom Coburn in his 2010 report entitled “Wastebook.” Some of these unnecessary expenses shall be discussed below. ...
This is an unfortunate circumstance considering the fact that thousands of American troops injured in the Iraq and Afghanistan wars are set to return to the US requiring medical and other support services (Winter). There are about 5,000 buildings owned by the Department of Veterans Affairs, but about 300 of these are vacant and dilapidated. And yet, much money is being allocated for their upkeep and no lucrative or beneficial remedies are being implemented as yet by the government to address this issue. Coburn also discusses how the government is wasting about $1.5 million in sprucing apartments before tearing them down. This practice is seen in Shreveport, LA (p. 4). Coburn (p. 4) reports how the city of Shreveport, Louisiana spent $1.5 million of stimulus funds to fix moldy houses which were already considered for demolition. The housing authority set forth that it would use stimulus money in order to improve various low-income homes. After an audit, the authorities established that the city has not spent the money allocated to it; this was against the regulations set forth by the stimulus which required the city to spend the allocated money within a year. In order to comply with such mandate, the officials implemented mold remediation for the housing units (Coburn, p. 4). An evaluation established however that the remediation was not done properly; subsequently, the demolition of the buildings was implemented. Waste in government spending is also apparent with various agencies making unnecessary printing. Such unnecessary printing amounts to $930 million annual cost (Coburn, p. 5). Based on a report by Lexmark (p. 3), there are about $440 million printing savings ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Waste in Government Spending Research Paper Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved de https://studentshare.org/nursing/1428782-waste-in-government-spending
(Waste in Government Spending Research Paper Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/nursing/1428782-waste-in-government-spending.
“Waste in Government Spending Research Paper Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/nursing/1428782-waste-in-government-spending.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Waste in Government Spending

Where does government spending go

...such as operations and maintenance, military personnel, procurement, research and development, military construction, energy as well as family housing and other benefits to the military personnel. This composition of the spending suggests that most of the spending on the national defense is made in terms of operations and maintenance. Social Security The second largest chunk on which government money is spent is social security services provided by the government. Under social security, most of the money is spent on the old age and survivors insurance whereas the rest of the money is spent on the disability insurance. Income Security Another important source where most...
4 Pages(1000 words)Essay

US government : campaign spending

...?US Government There are several reasons that it would be extremely difficult to effectively limit campaign spending and some of them shall be explained in this paragraph. The motives behind most political campaigns are to persuade voters and this is done with huge spending. Politicians seeking to be voted for need to travel across different states of the country in order to attract more voters to their candidates and they need to spend much in order to meet their target. The impression that these politicians have are that the more they spend, the more voters they have and in this case, it would be very difficult to effectively limit campaign spending. It is not possible to stop people campaigning to hold their political rallies... as it...
2 Pages(500 words)Dissertation

Government Spending and Price Levels

...? Government Spending and Price Levels Contents ISLM Model 3 Keynesian model of cross planned expenditure 5 Phillips Curve 7 Imperfect Information 8 Monetary effects on output, work, and investment 13 References 15 ISLM Model The total supply of goods in the economy is denoted by Y. The case for a closed economy is considered here. In a closed economy net exports are always zero. According to the circular flow diagram, Y=C+I+G, where consumption= C, Investment=I and Government purchases= G. The equation can be rearranged as Y-C-G=I The left hand side denotes the savings made by the consumers while right hand side shows the investment. A part of the consumer’s income is taxed. Let the...
6 Pages(1500 words)Term Paper

Fiscal Policy: Government spending, taxes, budget processes,

...Fiscal Year revenue collection is $400 billion lower than the previous year. The report pointed out that the individual income taxes declines as 20% while corporate declined by about 50%. The report concluded that the 2009 federal tax collection is the lowest in the past 50 years. II. Major Categories of Expenditures There are three major categories of expenditures for the federal government, namely, (a) discretionary spending, (b) mandatory spending and (c) net interest. According to the Office of Management and Budget (OMB), the federal government spent nearly $3.52 trillion in 2009 (see Office of Management and Budget 2011 Budget-Summary Table S-3). This amount is...
3 Pages(750 words)Essay

Waste

... redistributed by the wind or animals. The government should implement policies that equip citizens with knowledge on methods to manage their own waste as the economy can benefit from these policies. Fuel sources are declining and the ecosystem has been recognized as a potential replacement. Hence, preserving the ecosystem can have economic benefits for the country. Recycling also reduces the costs from extracting raw materials to create a certain product. This shows that each party can benefit from waste management.... Wastes Environmental studies Wastes Improper disposal of wastes has an adverse effect on the environment, which in turn influences thequality of life. The increase in...
1 Pages(250 words)Essay

Government Deficit Spending

...Government deficit spending affiliation Government deficit spending Over the years, the debt rate in the United States has increased significantly. This debt is generated from the uncontrolled borrowing from the government has increased. In an argument by CBO (2012) the government has spent a lot of borrowed funds to a point that the set aside budget money intended to be borrowed cannot be accounted for. The effects of the large borrowing will be significantly felt in the future. The debt experienced by future generations would be enormous that it would take years to clear the debt as well as create a debt free budget. For this, the...
2 Pages(500 words)Research Paper

Impact of Government Spending on the Private Sector

... Impact of Government Spending on the Private Sector in U.K. and U.S. Government expenditure may lead either the ‘crowding-in’ or ‘crowding-out’ effects on the private sector. Furthermore these effects can either be positive or negative depending on the government consumption and the private investments present.In our case, two politicians,Rosencrantz and Guildenstern, are differing as whether the statistic produced show a government crowding-in or one crowding-out investments. Rosencrantz thinks the results show the government expenditure crowds in investments, whereas Guildenstern thinks it crowds out investment. By discussing the...
3 Pages(750 words)Essay

Deficit Spending

...Deficit Spending: Definition importance and application in the economy For any country, steps taken by the ruling government to control the economy is the key behind the financial success. All the nations, which are financially very strong are modifying and updating their economic policy most frequently than other nations so that they are able to tackle any unwanted circumstances. Deficit spending is also one such process which many country used to adopt to tackle several economic condition. In this paper the main focus is on analyzing the positives and negatives of the deficit spending and how it generally works. Definition of deficit Spending: Just like every other business entities, government also has revenues and expenditures... ....
3 Pages(750 words)Term Paper

Healthcare Spending

...Health Care System and System Theory Application Affiliation Health Care System and System Theory Application Question One: Application of System Theory in Achieving Desired Outcomes The responsibility of managing health care coupled with increased health care demand has been largely informed by developing a clear theoretical platform that seeks to achieve desired goals. Accessibility of health care as well as its affordability and quality are the areas now the most complex interrelationship in health care system. Balancing quality, affordability and having an appropriate health care system are now the hardest issues to achieve and substantially make the health care dynamics. The need for organized national and global healthcare...
6 Pages(1500 words)Essay

Government Spending

...Government Spending Question One The Troubled Asset Relief Program (TARP), Bailouts and Quantitative Easing (QE) were used by the US government to revive the economy following the financial crisis. However, the exact figure used through TARP, Bailouts and QE largely remained unknown but according to Nankin and Schmidt (1), the Treasury Department was authorized by Congress to spend $700 billion in addressing the financial crisis. On the other hand, the Treasury Department (1) points out that the collective figure spent on TARP, Bailouts and QE was reduced to $475 billion. However, it is imperative to note that that figure ($700 billion) is strictly what was committed in...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Waste in Government Spending for FREE!

Contact Us