The U.S. Financial Democracy

Construction Financial democratic system is a very practical significance of the issue, which involves the public vital interests of each person. Financial democracy is covered under government by law in accordance with the wishes of the people through democratic procedures, the use of the Government of the Democratic approach to fiscal management. In the political sphere, financial democracy is the political rights of participation and the protection of political communication for civil. In the economic field, the Financial democracy is the protection of basic civil right to property. Therefore, political democracy and economic democracy focuses on the financial performance for the financial area of democracy. Refined to the specific financial behaviors, financial democracy, mainly acts as fiscal revenue and expenditure as well as the democratization of the public on the financial matters of broad oversight.The United States as the world's most developed country, their political and economic democratization is very keen. Concentrated in the financial field is mainly embodied in democracy: the clear relationship between all levels of government and financial powers, the budget preparation and implementation of the democratic process, the standardized tax system, the advanced financial system and institutionalized in government procurement. This article discusses the United States through fiscal spending, revenue and financial supervision of the entire process to show the degree of democratization of its financial, compared to Chinese public finance system currently, so that China can learn from the experience of its usefulness as Chinese political and economic reform in practice. With the gradual opening up of the Chinese society, democratic awareness and rising demands, and extensive modernization of the development of a wide range of powers checks and balances, a high degree of openness and public participation in politics has become an active political life as unstoppable trend. Therefore, building a socialist harmonious society, promoting political restructuring and building of political civilization as target, the financial process of democratization has become the basic trend of political and economic reform, while promoting financial democracy is a reality of the democracy and feasible entry point. As China and western countries have different levels of socio-economic development, political, cultural tradition, it should not copy Western democratic models. In the drawing, the U.S. fiscal democracy should be selected for the right to the democratization of China's own road of development finance.