...Debt Ceiling Crisis This essay is intended to provide a breakdown of the debate concerning the debt ceiling. As the house debates, the debts increases and the issue continues to become complicated. The nation is in a crisis along with complex issues. President Obama along with the rest of the house is at odds deciding if the debt ceiling should be raised. The debate on Capitol Hill has been going on for few months now, as the August 2, deadline nears. The democratic and Republican Party both agree it is imperative that the ceiling needs to be raised but the issues surrounding the debt separates congress. The current debt ceiling stands at 14 trillion dollars and continues to grow. This debate has divided the nation’s citizens as well. It is not just a situation of more money to spend, if the ceiling is not raised the money would have to come from social security and Medicare. The Democratic Party supports raising the debt ceiling. The democrats know that if the ceiling is not passed there would be a dramatic downward spiral in the nation’s economy. This act would cut social security and Medicare. The democrats acknowledge the monies borrowed must be repaid but not at the expense of taking away from the elderly. “Understand - raising the debt ceiling does not allow Congress to spend more money. It simply gives our country the ability to pay the bills that Congress has already racked up. In the past, raising the debt ceiling was routine. Since the 1950s, Congress has always...
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...6th ‘13 Moises Rodriguez Abstract The central thesis of this paper is to address the main ideas of how and why the United State’s deficit, surplus and debt have an effect on today’s current events. This paper, will discuss the effects from taxpayer’s, future social security and Medicare users. Also, the unemployed individuals, even our fellow University of Phoenix peers have part in today’s politics. This essay will address the United State’s financial reputation on an international level, a domestic automotive manufacturing, and an Italian clothing company, and the importance behind the Gross Domestic Product (GDP). Fiscal Policy Economics is a daily issue that concerns personal and business financial activity. The United States is known as one of the strongest financial countries. It is complicated to understand how the United States deficit, surplus, and debt can affect the population economy. The economy can affect different areas and individuals, such as taxpayers, unemployment individuals, GDP, importer and exporter companies, college students, social security and Medicare users. The economic is not affecting only the present but will influence in the future financial activity. Unemployed individuals A deficit is a loss under payments and surplus is the excess over payments. Debt is equal to deficit minus surpluses. If the government has a surplus on the budge, it means there is money saved that can be used to generate employment. When a...
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...Key Government Debt Governments get into debt each and every day. There are plenty of things that cause a government to get into debt. Many governments don’t let the public know about all the debt they have gotten the community into. Throughout this essay I plan to do a research on government’s debt and explain the many things and ways that cause them to get into such a bad situation. Everyone have their own opinions about how the government gets into debt. I feel that there are plenty of reasons that cause the government to get into the situation. For the past centuries, many people in America have dug themselves into a big hole which is national debt. So many people have gotten their selves into debt with the government that some of them can’t get out of it. Some people don’t tend to pay the government what they owe and end of owning millions of dollars in debt. The biggest national debt was in 1985 to 1995 when it went up to about three trillion dollars. When social welfare and social security began, the country went into debt. Many people have to admit that the nation or country gets into debt. I feel that the government tells us things to get into the office and don’t do what they say. I have seen plenty of people in America lie to get into the seat and then don’t do anything they stated in their campaign. Governments spend more money on unnecessary things and borrow unnecessary money and end up in debt. If the governments...
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...Friday in 2008 was not the only individual to be killed in such a gruesome manner. An eerily similar situation occurred to a pharmacist trying to shop at a Target in 2011. The items sought after by the shoppers were not what caused the two deaths. Likewise, the majority of stuff itself is not creating problems in the world, in fact, it’s finding new, innovative ways to fix them. The real issues at hand are the people with access to the growing amount of elaborate commercial products. That is the theme Quindlen is attempting to convey in her report: to be happy, people need to be smart and spend their money on things that they need or that actually matter. Generally, I agree with Quindlen’s overall message, however I do not agree with her essay as a whole. Many of her examples and arguments were...
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...difficulty and if it wasn’t taught that way then don’t do it that way. Democracy is something we hear more and more since the beginning of the Iraq war up to the next presidential election. But one question this book asks and as scholars we must ask ourselves, “Is our society, in all aspects, really democratic?” In the first essay of the book Giroux discusses how universities have become bedfellows with the American war machine. Giving the reader a raw look at how far universities have become militarized. The beginnings can be traced back to the post-WWII years. Giroux argues that even though it has been at least 50 years since this invasion of militarism into universities, since 911 this militarism has spread beyond the walls of the university into mainstream society. The concept of militarism is the dominance of the military over the state or the broader culture, militarization is more fundamental and pervasive part of a basic military philosophy and its underlying assumptions. The author contends that the two meanings are becoming one and is now used as solutions for everything from “drugs, crime, homelessness, obesity, poverty and a number of other social problems” (32). Giroux writes of how it has...
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...APS Social Studies Causes of the Great Depression DBQ Historical Context: The Great Depression in the United States started in 1929 when the stock market crashed. It caused an economic depression. The depression last over ten years and had long-term social, economic, and political effects on American society. It is still one of the greatest defining eras in US History. In general, we know what caused the Great Depression, but these causes are still debated even today. It happened after a period of great prosperity (The 1920s) when American commerce was growing. The issues that surround the causes of the depression are still issues today. Task: Using information from the documents and your knowledge of United States history and government, answer the questions that follow each document in Part A. Using your answers from Part A you will write an essay (Part B) in which you will be able to: • Discuss the following three causes of the Great Depression, o Use of Credit o Over speculation o The Federal Reserve’s Monetary (Money) policy Use the box below to organize your notes and ideas that can be used to convert into an essay. Part A: Short Answer Document #1 Ford Advertisement: 1920 [pic] Duke University Library 1. An average annual wage of all industries in the 1920s was about 1400.00 dollars a year. Many workers averaged (depending on the job) between .50 cents per hour up to 2.00 dollars per hour). How much does...
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...Alexis Mata Mr. Zamora English 1301 May 14, 2016 Cause and Effect Final Essay Anyone, as a member as a society has a privilege to the consolations of social security through the concepts set forth in Article 22 of the Universal Declaration of Human Rights. There is a lot of cause and effect with social security now a days. The history of social security is a fairly recent one, but the overall impact it creates shoots to every economic class. Many of the arrangements to which the view refers has a long history, the notion of ‘social security’ itself is a fairly recent one. The earliest examples from the 19th century is from a speech to mark the independence of Venezuela, Simón Bolívar pronounced that: “The most perfect system of government is that which produces the greatest amount of happiness, the greatest amount of social security and greater amount of political stability” The Song dynasty government supported multiple forms of social assistance programs, including the establishment of retirement homes, public clinics, and pauper's graveyards According to Robert Henry Nelson. Social Security gives people a lot freedom rights. Also somewhat of being an American. The concepts of welfare and pension were put into practice in the early Islamic law. There is relatively little statistical data on transfer payments before the High Middle Ages. In the medieval period and until the Industrial Revolution, the function of welfare payments in Europe was principally achieved through private...
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...rich. In this essay, I will provide hard facts that will not only reduce federal deficits, but also increase productivity and employment. These are specific ways to cut spending and raise revenue. Medicare, Medicaid and Social Security are the three of the government’s most popular and relied upon programs. Congress needs to curb the growth in spending on them and other entitlements. Entitlement programs have accounted for more than fifty percent of the federal spending since the 1980’s. It’s the biggest driver of the long-term national debt. Eliminate all the wast, fraud and abuse you can find. Over eighty billion is defrauded from these programs every year. Cut more out of discretionary programs, that includes defense. All these moves combined may not clear the national debt, but that’s because theyre not the main cause of long-term deficits. With an aging population and rising health care costs which in return there are fewer workers per retiree paying taxes into the programs. As a result speding on medicare, Medicaid, and to an extent Social Security will rise substantially absent structural changes. Most specifically in the way health care is delivered and reimbursed. When measured as a percent of the economy, spending on the three entitlement programs will rise to between sixteen percent and seventeen in 2035 from roughly ten percent of GDP today. We all want to think the only good reason is to ask the wealthiest to pay more in taxes to help with debt reduction. Solely...
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...Valued Possessions vs. Insignificant Desires Anna Quindlen, a novelist, social critic, and journalist wrote an intriguing essay “Stuff is Not Salvation” about the addiction of Americans, who splurge on materialistic items that have no real meaning. The ability to obtain credit is one of the main reasons to blame for society’s consumption epidemic. However, Quindlen feels the economic decline due to credit card debt is insignificant compared to the underlying issues of American’s binging problems. Quindlen’s essay gives excellent points regarding the differences in America’s typical shopping habits. Additionally, she mentions how people acquire all this “stuff” but seem to never realize, “why did I get this?”(501). Quindlen makes her audience visualize a world where we acquire our needs versus our meaningless desires. Yet, she fails to mention people who could live a life of happiness through the possessions they acquire. In summary, Quindlen supports her point of view with examples of American spending habits in the past decades of depression compared to now. She mentions Black Friday and how people become enthralled by cheap bargains (Quindlen 500-501). In Quindlen’s essay, she refers to an accident in which a worker at Walmart was trampled to death by a mob of shoppers and despite the horrific incident people kept shopping (500). With the U.S. depression, Black Friday brings hopes of more money spent, therefore a rise in the markets. The dream of an uplifted economy became...
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...Zhe Sun Giselle Rubi Gilberto Rodriguez Thinh Mai Prof. Slotkin 03/31/16 Economics 1A Essay Questions Midterm #2 1. “A government whose bonds are widely held by the general public is less likely to face violent revolution.” Why might that be the case? Before we answer the first question, we must need to know what a “Government Bond” is. It is a debt security issued by a government to support government spending, most often issued in the country's domestic currency. Federal government bonds in the United States include: the savings bond, Treasury bond, Treasury inflation-protected securities (TIPS), and others. In my opinion, there are three main reasons for this question. Firstly, before investing in government bonds, all of investors need to assess several risks associated with the country such as: country risk, political risk, inflation risk, and interest rate risk. For example, if Americans don't have enough faith and credits to Federal government, they won't buy the Treasuries, debt securities issued by the Department of the Treasury on behalf of it. If the government fund was widely hold by the general public, it means they have faith to the government and they consider it as the safest and most popular choice of investments. And they won't against government with violence. Supposed that if the people overturned the government, they won't get their money that was borrowed by it back. So they usually won't do that. ...
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...limited to] land and slavery (Trumbach). Though, these laws will be explored further later on in this essay. The ruler, Solon imposed a number of laws in order to rectify the problems that were arising between aristocrats and peasants, as well as to mold Athenian society in a much more citizen-oriented way of living (Trumbach). Such laws included relieving the prior debts that peasants owed to the aristocrats, as well as outlawing the creation of debts slaves (Plutarch: Solon, 57). Again, such laws will be explained further along in this essay. This essay will consist of three sections. In the first section, this essay will attempt to explain the conflicts that arose between the aristocrats and the peasants on the basis of land and slavery. It will also attempt to describe how Solon’s laws impacted this conflict, as well as the situations that occurred before, and the situations that occurred after Solon. The second section of this essay will explore the conflicts that arose between aristocrats and peasants on the basis of political power, the views of both parties, as well as the reasoning both parties had for their views. The third section of this essay will explore the changes that Solon made to the constitution in order to unify the citizens in which it was written to govern, and the effects that it had on said people. Most information found in this essay has been discovered through Plutarch’s explanation of the life and times of Solon in his “The Rise and...
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...Taking Sides Essay Assignment #1 Victoria Mikhov Answer : Federalists Reason #1 The Federalists, which consisted of Alexander Hamilton, James Madison, and John Adams, advocated for a strong, central, united government. This was essential for the newly created United States to provide a foundation for stability and success in the nation's future. Their advocacy for a powerful federal authority ensured efficient governing and the protection of individual freedom under a unified national foundation. They had emphasized the importance of the higher ups to uphold the law and protect the citizens rights against unfair governments and foreign enemies. Although at times their rules can be debatable, the Federalists contribution to American History...
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...http://www2.ivcc.edu/rambo/eng1001/introductions.htm https://www.ftc.gov/news-events/press-releases/2015/02/identity-theft-tops-ftcs-consumer-complaint-categories-again-2014 http://blog.fraudfighter.com/bid/94512/Aug-14-2013-Identity-Theft-The-Fastest-Growing-Crime-in-America How can I prevent identity theft? Some of the things you can do and not a victim yet is to monitor your credit and keeping your information safe. We talked about not only making sure your information is safe when you’re out in the public, such as only carrying one credit card when you really need it, not carrying your social security card and birth certificate just to name a few, We don’t need to have these things with us everyday. Just keep the common things you need with you every day, like your drive’s license, one credit card, just to be safe. Don’t carry your checking account if you don’t need to write a check because again someone could take that information and really start writing checks that aren’t yours and can start causing a lot of damage down the road. Another things is when you’re checking credit, make sure that you’re checking it on a regular basis. You can get one free copy of your credit report from each of the three credit bureaus each year. So if you want to check that systematically, you could pull your first one from Equifax, and then three or four months later pull the next one from Experian, and then three or four months later pull the next one from Trans Union. So keeping...
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...Bolaji Olawoyin The word count for this essay is 1637 words including references. This figure excludes the cover page The word count for this essay is 1637 words including references. This figure excludes the cover page COMPETITIVENESS BSM018 This essay will discuss competitiveness of countries and account for a competitiveness indicator the United States (US), a member of the Organization of Economic Cooperation Countries (OECD) performs strongly in. It will also look at two competitiveness indicators where US underperforms and suggests ways in which such indicators could be improved. In addition to this, it will consider to what extent international practices match economic theories. First, the term competitiveness, and various methods used to measure it will be discussed. The second section will examine one competitiveness indicator in which the US excels. Two competitiveness indicators in which the US underperforms will be explored in the third section, and in particular, ways in which these indicators could be improved. Finally, the extent to which current practices match theories will be discussed. There is no accepted definition for the term “national competitiveness and it has become a much-debated concept. Clark and Tracey (2004) argued that the definition of competitiveness is one of the many unresolved debates posing significant challenges to contemporary academic inquiry and policy-making in the field of globalization and economic integration. Equally...
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...large. Research newspaper articles and present a summary of what measures the US government took to protect these financial institutions. Provide examples. Explain and critically analyse both the shareholder and stakeholder models of corporate social responsibility. Can the US government’s actions be justified from either (or both) of these models? Consider both short and long-term consequences of this government intervention. Conclude whether the action taken by the US government is best for society?’ The Global Financial Crisis of the last few years has caused widespread problems for the US government, who were forced to spend billions of (taxpayer) dollars bailing out many of the world’s largest top banks. While a controversial decision, the US government acted on the belief that these institutions were ‘too big to fail’ and their collapse would have far reaching consequences that could have lead to a much dire situation. Throughout this essay, the causes and effects that lead to the GFC and the need for a bank bailout, along with what exactly it entailed will be presented. Then, the US governments’ response in bailing out the banks will be analysed using both a Stakeholder and Shareholder model of Corporate Social Responsibility. Their decision will attempt to be justified against these models by examining both the long and short term effects of the government intervention and conclude whether or not the action taken by the US government was in the best interests...
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