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|Categories:||History Finance Business Personality Society|
As is evident in the above budgetary allocations, it can be seen that a huge budgetary allocation amounting to $ 609.3 billion is meant for the United States military and defense sector. In this case, there are many supporting reasons which justifies the huge dense spending in the country. They include the great contribution of United States in the security across the world, the preparation to prevent any more terror attacks in the United States, and the need to increase the responsiveness of the United States military personnel to emergencies across any part of the world. Others are the fact that many of the jobs in the United States spend on the military budget belonging to the ministry in which they are employed in, the fact that defense is the leading priority of the United States government as it brings about a conducive environment for economic thriving, the fact that the current world is quite dangerous to the extent of needing extra security the fact that military technology need to be upgraded owing to the fact that the terrorists are also evolving at a competitive pace in their techniques, the fact that the security of America both at home and in oversee countries is mainly guaranteed knowing to the presence of an active and able military, and finally the fact that military firmness and stability is required to keep the United States tranquility and progress prevailing.
To begin with, the substantial budgetary allocations to the military and defense sector in the United States is because United Dates contributes a huge role in the worldwide security and peace. It has been witnessed n menu occasions that United Staes has been seen to help many parts of the world countries in reviving their peace and harmony through the use of its military. An example of such cases is the war-torn and unstable state of Somalia in Africa where three groups have threatened the peace and economic prosperity of the nation for decades. The United States, through the use of its military and defense as a set has been able to restore; peace and tranquility in Somalia with the help of AMISOM soldiers from Africa. Without the assistance of the United States military, there is a possibility that peace and tranquility could not have been restored or could have taken a longer period to be restored. Such an example shows the extent to which the United States he spending on defense is of great value. Another example is when the United States soldiers took part in the alleviation of the terrorists across the world which had spelled threat and instability to countries such as Iraq, Iran, Libya, Saudi Arabia, Turkey, and even Afghanistan. It can thus be seen that the substantial budgetary allocation shown above is reasonable and should not be curtailed in any possible way.
However, I can be argued at the contribution of the United States in the security, peace, and tranquility across the world is not necessary. In this case, it can be seen that the United States is straining, its citizens through the payments of vast amounts of taxes which are then channeled to security matters which do not concern them in any way. In so far as such a statement can seem sensible to some extent, lt however invalid and does not work as the kit is deemed to be. It is because of the satisfactorily beneficial reason for the participation of the United States security personnel in the world peace and harmony. One of them is that when other states can keep pace and environment which is conducive for the thriving of their economic activities, United States will, in turn, get to benefit greatly. It benefits through the trading activities which it transacts with such nations, enabling its industries and citizenry to acquire the materials which are not produced locally. There will thus be the required satisfaction on the side of American citizens, and enterprises which produce goods for exports are hence earning the country foreign exchange.
Additionally, the massive spending on the United States military and defense sector helps in the maintenance of peace and harmony in the United States. In this case, the defense personnel maintains peace and harmony enables economic activities such as farming, manufacturing, and scientific researches to continues quite well thus enhancing the prosperity of the nation. Besides, the escalated success in the economic landscape will provide a conducive environment for the employment activities of the upcoming talents which also help in boosting economic growth through their useful discoveries and innovations.
The huge budgetary allocations for the military and defense is also accountable by way of the employees all people working in the defense lines of duties. There is the personnel employee d in the military, and they will then be able to earn their living. I the process, they will be in fit conditions to attend to the basic needs of their families and also be able to above some amount of money for further investments. Such investments will earn the government some revenues in the form of taxes further used in various national programs. On the other side, the investments made by the military personnel will also be sources of employment for the people working in those business enterprises. The investments will also boost the gross domestic product of the United States of America hence rising the economy.
He budgeting above has impacted my understanding of the budgeting process which has to go through some stages before being approved as a final proposition. The Congress contribute significantly to the budgeting process where they dictate how the government should allocate budgetary finances to different sectors of the economy. What should be done to streamline the current budget process is to put into consideration the previous budgetary allocations on the same sectors and base on them in making current year's budgetary allocations. It will help in ensuring that little or no government money goes to waste, while all the sectors are correctly budgeted for. Doing the budgeting activity above as a group would have been difficult in the sense that different people would have been advocating for different budgetary allocations to different sectors according to their opinions, thus leading to the slowed budgeting process.
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2). Federal Budget Activity Reflection Essay. (2022, Sep 01). Retrieved from https://speedypaper.com/essays/2-federal-budget-activity-reflection-essay
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