We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Debt - Essay Example

Comments (0)
Summary
The current global recession and the increased spending on war on terror have affected American economy drastically so that the fiscal deficit of the country has increased a lot. The phenomenon fiscal deficit happens when the government spending exceeds the revenue it generates…
Download full paper
GRAB THE BEST PAPER
Debt
Read TextPreview

Extract of sample
Debt

Download file to see previous pages... void the fiscal deficit as much as possible by the repayment of massive public debt in order to save the current and future generation from the burdens of debt.
The American deficit in 2009 was around $1.8 trillion which was equal to 13.0 percent of gross domestic product (GDP). This deficit was $157 billion higher than what is expected. The additional spending to recover the economic sector from the current financial crisis was the major reason for the increase in deficit (An Analysis of the President’s Budgetary Proposals for Fiscal Year 2010, p.1). America was one of the worst affected countries as far as the current recession is concerned. Many big companies were one the verge of close down unless the government helped them. The close down of big companies will definitely increase the unemployment problem which the government don’t want to occur. So, only option available in front of the government was to declare a stimulus package to pump money to the ailing economy. Since the gross domestic production growth was less, the pumping of money to the ailing economy may increase the fiscal deficit again and again which means each American’s debt was also increasing.
The Iraq and Afghan wars were also contributed heavily to America’s deficit. It is difficult for America to stop the military exercises in Afghanistan and Iraq before achieving the objectives. It is suicidal for America to stop these wars since neither of the objectives was achieved yet. At the same time, new war fronts are also on cards for America. For example, Iran’s efforts to acquire nuclear weapons cannot be watched silently by America. Many people believe that America will be forced to open another warfront in Iran in order to prevent Iran acquiring the nuclear power. Any such moves will again put American economy in jeopardy. It is difficult for America to conduct wars in three different regions at the same time.
Immediate stoppage of wars is the only possible solution in front ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Debt ceiling
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.
6 Pages(1500 words)Essay
Debt Financing
There has always been a debate over the equity and debt financing for capital structure and it still continues (Becker & Stromberg, 2010). The increasing importance of debt financing in modern era of business has encouraged for the study of debt financing, which will be discussed in this paper.
10 Pages(2500 words)Essay
Debt Crisis
Ultimately, cheap credit was easily available to banks for borrowing. Details of the Crisis Shadow Banking comprises of financial institutions such as investment banks which do not come under the category of commercial banks and hence were not regulated by the US federal government.
4 Pages(1000 words)Essay
Government Debt
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.
6 Pages(1500 words)Essay
Ecological Debt
Ecological Debt is the obligation and responsibility that industrialized countries of the North have with the Third World, for the exploitation of their natural goods such as oil, minerals, forests, biodiversity, indigenous and peasant knowledge, marine goods, and for the disproportionate and illegitimate use of the atmosphere and of the oceans to dump waste, including the greenhouse gases."
2 Pages(500 words)Essay
Debt Consolidation
This is also done sometimes simply for the convenience of having just a single lender to deal with. This technique could involve the transferring of liability of a number of different unsecured loans into one unsecured loan, or it could involve the transferring of the liability of the unsecured loan into a secured loan by pledging an asset as collateral ('Debt Consolidation,' par.2).
4 Pages(1000 words)Essay
Personal Debt
All agree that further study is needed, chiefly on financial decision-making. This marketing research survey shows the major gap lies in the reading of the social and artistic dimensions of debt, credit and decision-making. The research has been conducted to allow interviews of adults in UK to know the issue in good health and to make sure that the voices of more young people are heard.
14 Pages(3500 words)Research Proposal
Economics Debt
First, governments have been running on budget deficits for longer than two decades. Secondly, prospects for global growth have been deteriorating over the past few months. Third, there is a growing sense of unease among many sensible people about government’s
4 Pages(1000 words)Essay
USA Debt
The analysts have mentioned numerous causes for the debt to reach such a height. On the other hand, some other expenditure such as Medical, Social Security, Defence and Unemployment benefits contributed to the increase
1 Pages(250 words)Essay
China's debt
This situation, however, led to high levels of Chinese debts (Kim, Tan & Yurim, 2013). China used its political leaders to force the state banks to lend capital
4 Pages(1000 words)Essay
Let us find you another Essay on topic Debt for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us