This is a public policy/ Accounting paper.
Identify and explain the key concepts in the preparation of credit ratings, including the alternative model. Identify and explain theories of how public policy is developed in the United States. Explain how governments (i.e., federal; state, and local) finance projects and programs, including how economic variables influence public policy.
The concept of “pay as you go” how does that affect the financing of public projects.
Utilize this source to answer question.
https://www.governing.com/columns/public-money/gov-how-to-make-paygo-work.html
Source #1 can be accessed through this link
https://regulatorystudies.columbian.gwu.edu/sites/g/files/zaxdzs3306/f/downloads/Reports/GW%20Reg%20Studies%20-%20US-Stakeholder-Reg-Process%20-%20SDudley%20and%20SBalla.pdf
Source number #2: Alternative Model on Page 19
Use whole document as necessary. The document has been uploaded in files.
Source #3: Answers question as to how public policy is formed. Use also Source #1 along with this source to explain how public policy is formed.
The influence of elites, interest groups and average voters on American politics
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