Welcome!

News Feed Item

Harvard's Institute Of Politics Students Produce FY 2013 Annual Report Of The USA

CAMBRIDGE, Mass., April 10, 2014 /PRNewswire-USNewswire/ -- Editors and designers for the Harvard Political Review – a top undergraduate journal on politics and public policy supported by Harvard's Institute of Politics – have released the FY 2013 Annual Report of the USA (ARUSA), a research tool offering an examination of the federal budget and challenges facing American taxation and spending policy. 

Highlights of the report – including a short video showcasing the study's authors and their key findings – are available online http://bit.ly/1hgLldu and at www.harvardpolitics.com.  

Published in partnership with the nonprofit American Education Foundation (AEF), the report provides straightforward and nonpartisan analysis of major spending areas and the tough decisions facing policymakers.  First created in 1995 by Harvard undergraduate Meredith Bagby, ARUSA's FY 2013 edition encourages bipartisanship on federal spending woes and cuts through the gridlock on government spending.  The study presents special reports on the federal deficit and the debt; health care, social security, and Medicare and Medicaid; and a detailed review of federal spending on foreign relations, security and defense, education, science and technology, immigration, agriculture and other areas. 

Key findings from the report include:

  • Without reform, Social Security beneficiaries will face a 23 percent benefit cut in 2033. By 2087, beneficiaries will receive 28 percent less than calculated under the current benefit formula.
  • Annual growth in Medicare costs has fallen from 7.1 percent between 2000 and 2005 to 3.8 percent between 2007 and 2010. Though experts disagree on why health costs have slowed, federal health care spending over the next 10 years will be $770 billion lower than current projections should the trend continue.
  • Many tax expenditures disproportionately benefit high-income taxpayers. For instance, taxpayers at the bottom of income distribution can only reap benefits from refundable tax credits, yet 81 percent of tax expenditures are non-refundable deductions or exclusions.
  • In FY 2014, the Obama administration requested $75 billion in mandatory spending for early childhood education over the next ten years, with $1.3 billion requested for 2014. The "Preschool for All" initiative would create a federal-state partnership that incentivizes states to provide a preschool education to all 4-year olds residing within their borders.
  • Between 2007 and 2011, average monthly participation in SNAP, or the food stamp program, grew nearly 77 percent. The cost of the program grew as well: it was up to $71.8 billion in 2011 from $30.4 billion four years earlier. This made it the most expensive part of the farm bill, though House Republicans unsuccessfully sought to separate the SNAP program from the rest of the farm bill in July 2013.

"Fiscal year 2013 was a disappointing year in federal budget policy, with only small signs of hope in the compromises made since last fall's government shutdown – and starkly reflected our elected leaders' preference for inaction," said Daniel Backman '15, ARUSA student Executive Editor.  "By presenting essential budgetary information in an easy-to-understand format, the writers of ARUSA hope to help Americans keep their politicians accountable on the issues that matter."

"It's tax time. All of us pay taxes, but how many of us understand where that money goes?" said Meredith Bagby, American Education Foundation Executive Director and Harvard Institute of Politics Spring 2004 Resident Fellow.  "These scholars have produced an insightful, nonpartisan account of how the government spends our money and the difficult choices we all face to reign in our collective debt."

All proceeds from sale of the FY 2013 report, available on Amazon.com in paperback or as a Kindle e-book, will be dedicated toward creation and production of future editions of ARUSA.  ARUSA partners will continue to promote the reports as an educational resource for a variety of constituencies including government officials and policymakers, the media and America's citizens. 

Harvard University's Institute of Politics (IOP), located at the John F. Kennedy School of Government, was established in 1966 as a memorial to President Kennedy.  The IOP's mission is to unite and engage students, particularly undergraduates, with academics, politicians, activists, and policymakers on a non-partisan basis to inspire them to consider careers in politics and public service.  The Institute strives to promote greater understanding and cooperation between the academic world and the world of politics and public affairs.  More information is available online at www.iop.harvard.edu.

The American Education Foundation (AEF) is an educational nonprofit dedicated to inspiring students of all ages to become active citizens in the public forum. The foundation is dedicated to producing fair and accurate political information in a non-partisan manner and to helping students acquire the communications skills necessary to navigate the world of public policy. The AEF publishes the Annual Report of the USA. More information is available online at www.americafound.org.

SOURCE Harvard's Institute of Politics

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.