The goals are largely nonpartisan—most conservatives, moderates, and liberals agree on them.However, the of spending and regulatory programs often is controversial.Tags: Dramatic EssayExploratory Research Paper IdeasHow To Write A Book Review EssayArgumentative Essay For FrankensteinCover Sheet For Essay ApaCitations In Research PapersCase Study Layout DesignWhat Motivates You Essay
Federal spending is limited by the available revenues, and by budgeting among many competing programs.
But regulatory costs are born outside the government, by those who must comply with the rules, their customers, and their employees.
To implement spending policies, presidents send proposed budgets each year to Congress, and Congress must both authorize activities and appropriate necessary funds to implement them.
Spending agencies are generally enthusiastic about their programs and want more resources to pursue them, but the available funds are necessarily limited and must be allocated to the highest priorities by Congress and the President in a much-debated, highly-publicized, annual budget process.
Through protecting property rights and fostering healthy competition, democratic capitalism rewards work and ingenuity which improves our lives and has liberated more people from poverty than any other system.
Yet, the United States faces growing challenges in an increasingly competitive global economy.
For citizens to intelligently hold elected officials accountable, however, policies’ benefits and costs must be visible.
While policies effected through both spending and regulatory programs provide benefits to Americans, the costs associated with regulatory programs are much less transparent than their on-budget counterparts.
Sensible, evidence-based regulations that respect the fundamental role of free-market competition can provide vital public benefits – such as protecting the environment, public health and safety, civil rights, consumers, and investors.
Yet, despite the best intentions, government regulation too often disrupts the marketplace or picks winners and losers among companies or technologies.