Balanced Federal Budgets

Write a description of your position on a balanced national budget. Justify your position for or against a balanced national budget by explaining the gains and losses associated with your position.

Please use these two references

Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Wadsworth.
Chapter 4, “Federal Budget Structures and Institutions” (pp. 154-207)
Chapter 5, “State and Local Budgets” (pp. 214-251)
Chapter 3, “Budget Methods and Practices” (pp. 106-142)
Chapter 6, “Budget System Reforms: Trying to Make Better Choices” (pp. 257-305)

Andrew, B. S., Dastoor, B., Magner, N. R., & Stolp, C. (2003). The Contribution of Organizational Justice in Budget Decision-Making to Federal Managers’ Organizational Commitment. Journal of Public Budgeting, Accounting & Financial Management, 15(4), 505-524. doi:http://dx.doi.org.ezp.waldenulibrary.org/10.1108/JPBAFM-15-04-2003-B002

SAMPLE SOLUTION

For a long time, both policymakers and academicians have shown interest in budget decision-making on organizational behavior. According to the theory of organizational behavior, it is argued that organizational justice refers to the applicability of the government budget in decision making (Staley et al. 2013). Therefore, budget plays an important role in government and organization operations either balanced or unbalanced. A balanced budget refers to a financial plan in which revenues and…