Analysis: What if we measure Trump’s proposed budget for how it improves our well-being?
By Rick Noack Rick Noack Foreign affairs reporter focusing on Europe and international security Email Bio Follow March 12 at 8:23 AM When political leaders propose budgets, it’s always worth listening. For one, more than any other part of the political process, budgets impact lives — for the better or worse. Even if they end up getting changed by lawmakers, they still say a lot about the intentions of those in power.
That’s the core idea behind a relatively new initiative by the Organization for Economic Cooperation and Development , which urged its member states once again in November to “look beyond the functioning of the economic system to consider the diverse experiences and living conditions of people and households.
So, how would Trump’s proposals fare, if we focused less on political ideology and more on the actual expected impact on citizens? New Zealand authorities have so far come up with the most sophisticated system to answer this question. Their OECD-inspired metrics differentiate between current and future well-being, with a number of subcategories that include environment and resources protection, health, housing, education, income, safety and social connections, in addition to other factors.
Supporters of Trump’s proposed budget would argue that improved health services for veterans and $291 million to stop the spread of HIV, as well as more funding to tackle the country’s opioid epidemic, are much-needed improvements.
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