U.S. Department of the Treasury

U.S. Department of the Treasury

U.S. Treasurys mission statement reads Serve the American people and strengthen national security by managing the U.S. Government's finances effectively, promoting economic growth and stability, and ensuring the safety, soundness, and security of the U.S. and international financial systems (U.S. Treasury, 2010). The executive agency that is responsible for ensuring economic prosperity and financial security is the US treasury department. Imagine if massive withdrawals of taxes are made from the bank systems without offsetting actions; there would be a decrease in the bank deposits which would result in the bank unable to support the publics credit needs. The system would breakdown. The...