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Your original current event (dated within the past 30 days) should include the link to the news article, video, etc., a summary of the news item and why it is relevant to the week’s readings. The subject for this week is about (Budgeting and Fiscal Policy). The key words for this week are: affirmative action, bureaucracy, bureaucratic discretion, capital budget, clientele groups, collective bargaining, e-government, incrementalism, line item budget, merit system, neutral competence, New Public Management, performance budgeting, representative bureaucracy, benefit principle, circuit breaker, countercyclical aid, fiscal stress, general obligation bond, indexing, industrial development bond, intergovernmental transfers, own source revenue, political economy, progressive tax, proportional (flat) tax, regressive tax, revenue bond, tax capacity, tax effort, tax service paradox, taxation and expenditure limitations
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