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Political scientist Thomas R. Dye said that politics is about battling over scarce governmental resources: who gets them, where, when, why and how. [8] Since government makes the rules in a complex economy such as the United States, various organizations, businesses, individuals, nonprofits, trade groups, religions, charities and others—which are affected by these rules—will exert as much ...
Debt held by the public grew in dollars an average of 12% per year from 2008 through 2016, rising from $5.8 trillion in 2008 to $14.2 trillion in 2016. Debt held by the public rose rapidly from 39.3% in 2008 to 70.4% by 2012, then slowly grew to 77.0% by 2016. [45]
Taxpayer-funded lobbying by local political subdivisions can take two main forms: direct and association. [12] [13] [14] In the first type, local political subdivisions of the state, such as, cities, counties, and school districts, use public funds to contract directly with a lobbyist to lobby on their behalf at the state or federal legislature.
Fitch cited the federal government's rising debt burden and the political difficulties that the U.S. government has had in addressing spending and tax policies as the principal reasons for ...
The comparison isn’t exactly apples-to-apples, as the government can essentially borrow as much as it wants to pay its obligations, while individual Americans must pay their debt or face bankruptcy.
“Without enough money to pay its bills, any of the payments are at risk, including all government spending, mandatory payments, interest on our debt, and payments to U.S. bondholders.
When the government spends more than it brings in, it runs a Budget Deficit that year. [17] In order to pay for the extra spending, governments issue debt. Government debt is the amount of money credited from individuals, firms, foreign entities as well as the federal government itself through the federal reserve system. [8] Debt accrues over time.
Most people are aware that Washington, D.C. is awash in lobbyists, people whose jobs, whether paid or unpaid, entail pressing their particular company's interests in the hallowed halls of the U.S ...