Budgeting is an activity that spans the private and public sector

  1. Budgeting is an activity that spans the private and public sector. Provide an in-depth discussion of the similarities and the differences between private and public sector budgeting. 2. Discuss federal budgeting cycles, identify the participants in the various stages of the budget cycle, and discuss the interrelationships between those actors. How do these cycles compare to state and local budgeting? 3. Discuss the politics of mandatory spending and entitlements within the context of national budgeting. Argue for or against significant changes in existing entitlement programs and in the current budgeting process, especially in light of the economic issues of today.