Fiscal policy is the federal government’s plan for funding and running federal programs. The goals of fiscal policy are to make it possible for government programs to run so that they can help struggling Americans. The tools that are used for fiscal policy are taxing US residents to fund government help programs and spending the money from taxes for the year in the aid programs. The federal government uses fiscal policy to help stabilize and promote growth in the economy by focusing parts of the…
to junk status(-BBB) (Frankel, 2005), this is due to the ongoing drought, civil service wage increase and most of all corruption (Chand, 1999). South Africa’s economic growth has been slowing down and yet the finance mister Pravin Gordhan reduced deficit by cutting down government which means a further GDP slowdown (Sachs, 1997). Our country is in need of strong economic growth and a way in which to create and increase international and local investments. For this reason, cutting spending to…
increase on millionaires would also help reduce the deficit the United States is so deeply immersed in. Business and economics journalist Andrew Leonard argues, “Extending the bush tax cuts would add another $2 Trillion to the deficit over the next 10 years. I don’t know what could possibly expose the utter hypocrisy of the Republican deficit hawk stance better than the simple math of that last sentence” (qtd. in “Extending”). The current U.S. deficit is close to 22 Trillion dollars. Thats more…
individuals experience these problems on a daily basis and these problems are so severe that they disrupt every aspect of their lives. Attention Deficit/Hyperactivity Disorder, typically referred to as ADHD, is a hereditary, neurodevelopmental disorder that begins in childhood and has the potential to extend into adulthood. Being an externalizing disorder, individuals who have ADHD generally face struggles in controlling impulses, paying attention, being overly active, and maintaining social…
Attention-Deficit Disorder Attention Deficit Disorder (ADD) /Attention Deficit Hyperactivity Disorder (ADHD) (American Psychiatric Association, 1994), affects 3 to 5% of school age children. However, some studies suggest the percentage of students who are affected by ADD/ADHD is upwards of 8% of all school-aged children. The problems these students face affects their ability to learn, ability to focus and for some students who are challenged with hyperactivity and impulsivity feel the need to…
Melchior Adam Wiekard was a German physician who, in 1775, wrote a medical text book in which five and a half pages in the third chapter are devoted to an Attention Deficit Hyperactivity Disorder (ADHD) like illness. This appears to be the first record of such a disorder, predating Still by more than a hundred and twenty years. Wiekard describes inattentiveness as more common in children and women, more common in the young than the old, more common in someone who is happy than in someone who is…
think differently about those in your community who face the daily challenge of "living in poverty"? I realize the challenges people face “living in poverty.” With all the news media discussing the federal assistance programs and the federal budget deficit, I realize there is a great need. With that being said, I believe there are some people who make poor decisions, in which they do not take responsibility for, and want the government to bail them out. They may even abuse the system to get…
If the compensated elasticity of supply of labor is zero, then a tax on labor earnings will have zero excess burden. 16. Lump-sum taxes do not prevent prices from equaling the marginal social cost and benefit of any goods and services. 17. Lump-sum taxes can vary in amount based on income level. 18. A lump-sum tax can distort prices and affect consumption behavior. Multiple Choice Questions 1. A lump-sum tax: a. distorts market prices so that they do not simultaneously equal…
The Affordable Care Act (2010) also known as Obama Care has been a topic of controversy. It is the most significant reform to the U.S health care system since Medicaid and Medicare. Some view it as a great and some believe it will be bad for the economy. I believe the Affordable Care Act will be great and its benefit to the well-being of citizens and will go further to be a great reform over all. On March 23, 2010, President Obama signed the Affordable Care Act into law. The Obama health…
in the economy. The federal spending is at one-fifth of the GDP which is way too high. The deficits are driving up debt above three-fourths of the GDP. Over the past twenty years the federal government has used borrowing to finance the spending that has occurred. Due to being in a recession for the last four years the low tax revenues have lead the country to have consecutive trillion-dollar yearly deficits. The spending has and will remain above the historical average of 20.2%. This is then…