Government Shutdown: The main intention of shutting down the operation of the government by the Republican congress is to prevent the implementation of Obama care. These are health reforms advocated by President Barrack Obama…
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However, the Republicans, led by the speaker of the congress are against this position held by Obama’s administration. To him, what Obama is trying to do, is to force his point of view to the republicans, as a condition of engaging into talks with them (Acosta, Tom and Deirdre, 4). Mitt Romney disagrees with this method that Republican congress men are employing for purposes of preventing the implementation of Obama care (Pham, 2). Romney denotes that there are other methods of getting rid of the Obama care health plan, and this includes delaying its implementation for almost over one year (Pham, 1). According to Mitt Romney, this health care policy will ruin the American economy, and therefore it is necessary to prevent it. Romney further denotes that methods such as educating the population against this policy are also an effective method of preventing the implementation of President Obama policies on health. He gave an example of the 21 hour speech of Senator Cruz, in which he strongly criticized the Obama health care plan. To him, this plan would ruin the American economy, and state. Other methods that Romney proposes include working hard in the campaigns for purposes of ensuring that the republicans gain the control of the congress and the senate. By doing this, they will be able to prevent bills that would work against their interests. The reasons as to why the republicans are not right in forcing a government shutdown, is that the economy of the nation might go into a recession. There is a possibility that the country’s stock market might fail, and over 800,000 federal employees might lose their work (Pham, 3). Romney therefore urges his fellow Republicans to desist from using such draconian measures in forcing the government of president Obama from implementing his health care reforms. This is because such measures are not patriotic, and there effect will be felt through the collapse of the country’s economy. Lately, for purposes of ending the stalemate, the republicans agreed for a temporary measure of funding the federal government initiatives. This measure is attached with a condition that the government won’t attempt to fund any additional policies, other than what was in the budget. The temporary offer would last for six weeks, when both the government and the republicans negotiate on the way forward in regard to implementing Obama care, and reducing the country’s debts. President Clinton also opposes this move by the Republican congress men. According to Clinton, the Republican wants the government of America to fail by denying it money to fund its activities. This is not what the founders of nation advocated for, during the creation of the federation. He further denotes that the proposals by the Republican congress is draconian, and is meant to erase the gains made by President Obama in taking the country out of recession. This move by the Republican congress men will lead to an increase in unemployment, and to higher standards of living, therefore President Obama is right to refuse negotiating with these congress men based on their demands. According to Clinton, the rate of unemployment has decreased, and the country is nearly reducing its deficit. On this basis, the action by the Republican to cause the shutdown of the government is unwise, and therefore uncalled for. One of the methods that I would suggest in ending this stalemate is for the President and the Republicans to
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According to the study conducted even though the debt ceiling play an important role in controlling the government borrowings and spending, it has been raised a number of times. A small change is acceptable since there is a factor of inflation continuously prevailing globally and it keeps depreciating the values of currencies but a large rise in the debt ceiling may be questionable.
29). Government debt can be classified into two categories namely the internal and the external (Chamberlin and Yueh 2006, p.86). Internal debt refer to the amount of funds collected within the country from local investors and government run institutions such as pension trust fund.
This debt is outstanding and financed through borrowing (Wells & Krugman, 2009). These finances are necessary in funding government operations and implementing monetary policies that solve the populace’s problems and cushion them against recessive economies (Pentecost, 2010).
President Obama Instructor’s name Customer’s name Introduction: Every now and again, there are times when events redefine history and set precedents that generations follow. The idea of a black man leading the charge of the most powerful country in the world would have been ridiculed and ignored not so long ago; however the emergence of Barack Obama has transformed realities and created an incomparable precedent for the world to follow.
It is important to remember that, when President Obama was elected as the 44th President of the United States, there was a great expectation about his ability to lead the nation from the front to a great period in the history of the nation and he seemed like a different kind of leader in comparison with many of his predecessors.
The Reagan economy resulted in making the rich richer while for most Americans there was economic stagnancy. With Obama becoming the president his principle responsibility was to pull the country out of its severe economic depression. This paper focuses on the major events of the era between the Reagan Revolution leading to the Obama administration.
The debt limit is an aggregate amount that is relevant to gross debt, which incorporates debt in the hand of intra-government, as well as public accounts. Almost 0.5% of United States debt is not covered by this ceiling. Since government expenditures are legalized through a separate law, the debt limit does not openly restrict government debits (Abotalaf, 2011).
At least now he has reigned for more than one term and so people can comment on his leadership.
To a great extent, I support the opinion that President Obama is a charismatic and transformational leader who is both extroverted and conscientious as noted by Rubenzer
Debt ceiling does not directly mange the national deficit. Debt ceiling crisis of 2011 was significantly debated topic in the US Congress. The matter was an important subject of substantial political debate in the
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