This article analyzes the relationship between current account deficits in U.S., deficit financing and unending jobs crisis. Focuses on U.S.-China trade deficit and Chinese purchasing of U.S. debt. Explains the U.S.-China trade-debt loop and its disastrous effects on U.S. economy and jobs. Provides simple and practical solutions.
This is second in a series of articles on historical analysis of causes, consequences and fixes for recessions and depression, a frequent happening in Capitalist economies. This particular article analyses thirty first U.S. president Herbert Hoover. Great depression hit us during his presidency and his reforms to fix it are largely considered as failures.
This is the eight in a series of articles regarding U.S. debt, deficits and credit downgrade by Standard and Poor’s. The series provides a very broad based and deep analysis of this issue. This particular article emphasizes on the evolution and responsibilities of government.
This is the sixth in a series of articles regarding the debate on U.S. debt, deficits and government facing first ever credit downgrade done by a reputable authority. This article analyzes the argument regarding taxes, business regulations and labor unions, in historical and global perspective.
This is the fifth in a series of articles, regarding U.S. debt, deficit and recent, unprecedented, credit downgrade by Standard and Poor’s. Examines the economic, financial and fiscal policies, and successes and failures of president Obama in these sectors.
This is fourth in a series of articles regarding U.S. national debt, financial deficits and the credit downgrade by Standard and Poor’s. Series focuses on a very broad and deep historical perspective. This particular article analyzes the presidency of George W. Bush.
This is the third in a series of articles that examines U.S. debt and deficit in a very broad and deep historical perspective. It focuses on forty second president William Jefferson Clinton, his presidency, policies and contributions to country’s economy and finances.
This is second articles in the series on causes and factors behind current U.S. debt crisis and credit downgrade by Standard and Poor. This piece of work focuses on president George H. W. Bush, his presidency and time. Highlights the positive and negative long term effects of his policies on Economy and finances.
This article is the first part in a series of articles, analyzing in depth the causes and consequences of recent U.S. credit downgrade, from AAA to AA+ by Standard and Poor, first time ever in U.S. history. Provides a very broad based historical perspective to this discussion, debate, controversy, drawback and setback.
This article performs a very broad based analysis of sports, politics, finance, deficits and unions, in the light of recent NFL labor deal. Highlights the dirty politics and the rapidly growing gap between rich and poor. Tries to dig out the causes and proposes the solutions. Points out to the fact that while rich, powerful and famous are still enjoying their constitutional right to organize, the poor people are frequently denied this right.
As the US continues to battle various economic and social issues, there are growing concerns that its leader are falling out of touch with the needs and demands of their people. They undoubtedly have a sizeable amount to deal with currently, especially as they seek to finalise spending plans for 2011 with a financial budget for 2012 required in less than a months time. This lack of cohesion and measured planning is leading to several decisions that may well be considered as rash, all conceived with a view to cutting a vast national deficit.
With the US budget shortfall scheduled to rise to an unprecedented $1.5 trillion throughout 2011, the federal government are faced with the increasingly difficult task of reducing public spending by an amount lowers this deficit without significantly effecting the standard of life for US citizens. This balance is made even more difficult to obtain by a basic rule of economy, whereby a countries prosperity is only as effective as the capital that is invested into it, and governments who reduce spending too drastically will serve to undermine their economy even further.
Timing and Effective Budgeting
Part of budgeting is undoubtedly timing, and preparing a society as effectively as possible for any consequence of spending cuts. This serves the dual purpose of ensuring that any cuts are measured and can be absorbed by citizens without significant impact, while also keeping individuals informed and aware of how budget cuts will effect them directly. While even this is not a policy guaranteed to keep everyone within society satisfied, it does at least mean that the government is doing its best to serve its people and act in a well thought out and transparent manner.
