|By PR Newswire||
|April 10, 2014 10:26 AM EDT||
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.
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
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Oct. 1, 2016 06:45 PM EDT Reads: 5,562
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Oct. 1, 2016 06:15 PM EDT Reads: 1,408
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Oct. 1, 2016 05:45 PM EDT Reads: 1,860
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Oct. 1, 2016 05:15 PM EDT Reads: 677
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Oct. 1, 2016 05:00 PM EDT Reads: 2,056
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Oct. 1, 2016 04:30 PM EDT Reads: 1,322
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Oct. 1, 2016 04:00 PM EDT Reads: 3,738
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your ...
Oct. 1, 2016 04:00 PM EDT Reads: 1,309
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Oct. 1, 2016 03:45 PM EDT Reads: 616
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Oct. 1, 2016 03:30 PM EDT Reads: 1,769
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Oct. 1, 2016 03:30 PM EDT Reads: 1,203
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
Oct. 1, 2016 03:15 PM EDT Reads: 2,572
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Oct. 1, 2016 03:00 PM EDT Reads: 3,076
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Oct. 1, 2016 01:30 PM EDT Reads: 879