Episode #125 of the Stack Overflow podcast is here. We talk Tilde Club and mechanical keyboards. Listen now

Hot answers tagged

100

You can think of the treasury of a government as a big pot of money. There are various streams of inputs (taxes, fees, fines, tariffs, new debt...) and lots and lots of streams of outputs (subsidies, welfare, wages for government employees, running cost of government departments, debt repayment, public construction projects, and many many more). But inside ...


57

The US public opinion is highly sensitive to casualties among US troops. They are much less concerned about casualties to contractors, especially if they are not US citizens. At times the US government has more money than available troops. At times deploying contractors is easier under domestic US law. Legal oversight is mostly designed with the official ...


55

It appears the problem isn't the deficit (the loss from an individual budget) but the size of the existing debt itself. From a report in the Guardian Italy’s public debt is worth more than 130% of the country’s GDP, the second-highest level in the EU after Greece and more than double the bloc’s limit of 60%. In effect, the EU don't believe that the ...


47

The reason is the same for any country, not just the US. And it is rarely money. It can be roughly grouped like this: public opinion damage control: the population of a country cares about the death of their military personnel. This is especially true for the military conflict with no clear goal for a population (whom are we saving in the conflict in X?). ...


46

A combination of: 1. Low per capita income While not among the very poorest countries in the EU, Poland is far from being the richest. Per capita income in Poland is $12680, compared with $43660 in Germany and $9470 in Romania. This means Poland's per capita contribution to the EU budget is comparatively low. 2. Large population Poland is much larger ...


44

Italy is not just planning a high budget deficit, it has a very high level of national debt. (As of 2017, it was 131.8% of their GDP, second only to Greece) This makes their deficit riskier than it would be for a country with a lower level of overall debt. Italian banks also own a lot of that debt, and there is a fear that government intervention in the ...


35

I understand that the government collects taxes, sells bonds, etc. but regardless of the income portion, I'm more curious about the spending portion. Does the US Treasury simply print the money (physically or digitally)? Does the US Treasury have bank accounts/checking accounts? What role does the Federal Reserve play in this? ...


34

The 3% deficit floor and the 60% Debt-to-GDP ratio were part of the Euro convergence criteria of the Treaty on European Union (Maastricht Treaty). The framework is developed in Article 104c, with the specifics left to the Protocol on the excessive deficit procedure. As to where these limits came from, Luigi L. Pasinetti states in The myth (or folly) of the ...


33

The convention in the UK House of Commons is that the budget vote also works as a confidence vote in the government. So losing a vote on the budget is taken as a vote of no confidence in the government (as is the vote on the Queen's Speech). The last time the government lost a budget vote was in 1885, when Gladstone's government lost 252-264 and the ...


30

Bottom Line Upfront: If you don't allow the military to plan for maintenance, but keep them working, then it will cost more to fix them when you start giving them money. Part of it is most certainly about pandering to his base. 67% of Republicans believe too little is spent on defense. Though, there is room for universal appeal, where this could be an ...


21

Denmark spends a smaller percentage of their total budget on health care because their government budget in relation to their population is much larger. The US has a federal budget of $3852 billion and a population of 326 million, which means they spend $11793 per inhabitant annually. 28% of that is $3300. Denmark has a budget of $164.3 billion (converted ...


21

Best-case scenario? Fox News thinks the Wall will save lives by making it more difficult for cartels to bring drugs into the USA. Middle-of-the-road scenario? Stanford put an actual monetary figure into play with its research: for every 19 cents we spend on this wall, it will give about 1 cent worth of benefit to low-income US workers. Oh, and it wouldn't ...


20

The most obvious politician's argument against funding research in pure mathematics is that it costs money and it isn't useful. I'm aware that there is a point of view that holds that the state should not fund research of any kind, but it is very alien to my milieu, so I won't presume to explain it. As I'm closer to mathematicians than to politicians, the ...


19

Point by point.... (all numbers for FY2012 unless otherwise stated) Total Revenues -- $2.469 trillion Total Expenditures -- $3.590 trillion 2012 Budget Deficit - $1.121 trillion (Above numbers are from the OMB) From the IRS raw data: Year -- Total income for those grossing over $1m -- Total taxable income over $1m 2007 -- $1.401 trillion -- $1.008 ...


16

In a parliamentary system, the government is, by definition, the party (or coalition) of parties which controls the lower house (in the UK, the House of Commons). In particular, achieving parliamentary approval for supply -- i.e. the ability to spend money -- is a make or break issue for a government, akin to vote of confidence. If a government loses supply,...


15

UN Committee on Contributions is in charge of assessments The Committee on Contributions advises the General Assembly on the apportionment , under Article 17, of the expenses of the Organization among Members broadly according to capacity to pay. The Committee also advises the General Assembly on the assessments to be fixed for new Members, and on appeals ...


15

These are decided by the UN Committee on Contributions. UN resolution 70/245 of 23 December 2015, determines the contributions of Member States to the regular budget of the United Nations for 2016, 2017 and 2018. Decides that the scale of assessments for the period from 2016 to 2018 shall be based on the following elements and criteria:   &...


15

The budget is the annual finance act of parliament. The government needs to raise money by tax and the budget gives the government parliamentary approval for this. Without a budget being passed the government cannot function. Normally a government party either has a majority in the House of Commons, or is in a coalition with another party which gives it a ...


14

You are confusing the two distinct concepts: an appropriations bill and a budget. An appropriations bill is what provides the authority for the government to spend money. Article I, section 9 of the US Constitution prohibits the government from spending money without an appropriation: No Money shall be drawn from the Treasury, but in Consequence of ...


14

Evsey David Domar came up with a model that links these figures: Debt limit = Fiscal deficit ratio / (Real growth rate + Inflation rate) So for a 60% debt limit, a Fiscal deficit ratio of 3% and an ECB inflation target of 2%, you need 3% real growth. All nice round numbers. This was assumed to be achievable - the introduction of IT meant that the 90s had a ...


13

The 2 major issues I see arising: Rule by special interest. Most people take many gov't functions for granted, preferring to rise to a single cause instead. This ends up creating a group of special interests that end up with disproportionate funding compared to core services that people actively depend on that get horribly underfunded. You can also get ...


13

In theory, the House and the Senate merely tweak the White House budget, whose main use in essence is to sketch out the latter's priorities. And frankly, that's more or less what occurs when the House and Senate are on the same wavelength as the White House. In practice, the three aren't on the same wavelength more often than not. This results in a lot of ...


12

So, I have special knowledge about this. Claude Moore Farm Park is about 15 minutes from my house, and I go there regularly. The way the park works is this - its technically a "farm park" that is NPS property too small to necessitate regular monitoring. (Balls Bluff, the smallest national battlefield, isn't far away). The property itself is right off of ...


12

No the US has no mechanism for resolving this. That's a consequence of two things that are distinct about the US system (compared with the Westminster and similar systems) The system where all budgets must be approved by both chambers of the legislature and the President, with no built in mechanism for resolving disputes. Coupled with an alternating ...


12

For the entire federal civilian force the number is estimated at 900,000 which is about 43 percent. This varies greatly by department as shown here for the current (October 2013) shutdown. Note, my information comes from GovExec. What was the percentage back in the Clinton-era shutdown? I could figure that out for you, but the census bureau has been ...


12

Why than do Republicans continue to cut these programs? For the same reason Willie Sutton robbed banks. That's where the money is. From Politifact, percent of federal spending: 25.3% Social Security 28% Health (Medicare, Medicaid, etc.) 16.2% Defense 4% Veterans 4% Food and Agriculture (including food stamps) 4% Transportation 3% ...


11

Price Pricing military aircraft isn't a simple matter. The initial cost of research and development (R&D) is often quite large, relative to the additional cost of purchasing the fleet of aircraft. In typical consumer markets (e.g. automobiles), the R&D cost is usually defrayed over many, many more units. So, to compare costs, you need to decide ...


10

Two words: Continuing Resolution. It is inaccurate to say that the Senate has not passed a budget - in reality, a budget has been passed every year. The problem of course, is that the "budget" is really "last year's budget with a COLA." Rather than passing specific budgets, the Senate passes a resolution that continues the previous year's budget into the ...


10

Can you donate money to fund part of the government? Yes, private entities have donated money to fund functions of the federal government. For instance, much of the contents of the Smithsonian Institution are gifts, and the Institution was founded by a trust fund left to the US by a James Smithson. That's one of the earliest and best examples. More recently,...


Only top voted, non community-wiki answers of a minimum length are eligible