http://www.whitehouse.gov/omb/budget Open up \"A New Foundation for American Gre
ID: 1114607 • Letter: H
Question
http://www.whitehouse.gov/omb/budgetOpen up "A New Foundation for American Greatness" Then click on "The Budget Message of the President" 1. Which of the President's "eight pillars of reform" do you think is the most important? Open up "Major Savings and Reforms" 2. How much would be saved by the elimination of the McGovern-Dole International Food for Education program? In the Appendix, look at the Department of Defense 3. Will the basic pay for military personnel increase in 2018? If so, by what percent? In the Historical Tables, open up table 2.'1 4. In what year did individual income taxes first exceed $1 trillion? In Analytical Perspectives, open up "Economic Assumptions" 5. What is the CPI predicted to be in 2018?
Explanation / Answer
1. The President's eight pillars of reforms are:
So, out of these, the most important reform seems to be "Regulatory Rollback". with time. many policies, rules and regulations become redundant and unnecessary lead to wastage of resources. Regulations should stimulate development in the right direction. Also, "Energy Development" is the need of hour with regards to the current environmental and economic conditions. This is essential for a sustainable present as well as future.
2. The U.S. Budget for the fiscal year 2018 plans to eliminate the McGovern-Dole International Food for Education program because it is duplicative and is not being effectively implemented. This will save 201 millions of dollar.
3. Yes, there is a 2.1% across-the-board pay raise for all the pay grades, which includes the basic pay for the military personeel in 2018.
4. A trillion is equal to a million millions (1,000,000 x 1,000,000). So, given the historical data, the individual income taxes first exceeded $1 trillion in the year 2000, when it was equal to 1,004,462 millions of dollars.
5. The seasonally adjusted CPI for all urban consumers is predicted to be 2.3% y-o-y (Level = 251.8).
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