Towards Solutions to the US Debt Crisis - Assignment Example

Among different options available to the us government include inflation.... Effects of the High Public Debt The level of us debt has adverse effects to the economy.... Conclusion the us public debt level has resulted to critique by the international community.... Many nations no longer trust the financial structure of the us federal government.... solutions to USA's Public Debt The seriousness of USA public debt is requires immediate actions towards solving it....

This is evident in the fact that the crisis emerged due to house republicans blocking the budget with an aim of killing or stripping all funding from Obama care (NA, 2013).... According to Times, swampland dated October 6, another congress meeting took place and the house speaker John Boehner insisted that the chamber was lacking enough votes to pass a “clean” bill that would raise the debt ceiling (Weisman and Peters, 2013)....

The author of the paper analyzes the article titled “Baby Steps toward Tighter Money in China” authored by Richard Silk in which he points out at China's central bank to curb the public's mounting debt that may perhaps engulf the economy if left unattended.... nbsp;… The looming debt is brought by increasing inflation, roaring house rates as well as renewed capital inflows.... Unless China takes a calculated move towards her debt control, it may worsen her situation in the future because of the probable unfriendly consequences that may accompany their wrong decision....

These papers and theory's were written well before anybody saw the current debt crisis which the Americans find themselves in.... But this situation is not hopeless and that is because the creativity of the human mind is such that it can get solutions to a problem , however big it might be.... And the current subprime crisis in the U.... And the apparent hopelessness could never be visualized by anyone before this crisis.... Financial debt is usually a very heavy stress factor in the lives of most individuals and families....

The main benefit of negotiation is that the parties involved have the opportunity to control the negotiation process and come up with solutions themselves.... Public courts are normally ordered to review the validity of the methods used in ADR.... However, the public courts rarely overturn the ADR decisions and awards especially in situations… The two major forms of ADR are arbitration and mediation (August, Don and Michael, pg245). Generally, ADR can also be referred to as a means through which disputes can be settled outside the courtroom....

The debt in the mortgage industry resulted to the credit crisis.... The crisis of Credit animated video is the most in-depth analysis of the financial crush that led to citizens losing money to the tune of trillions of dollars.... The video filters the economic crisis into a story that is short and simple to understand because it gives it form.... crisis of Credit is fractional banking.... One of her important driving forces is that, if a person The ravaging of the American Gulf coast by the Hurricane Katrina revealed that the United States survives on both government and individual debt....

It initiated with the brutal traces of colonization, slavery,… and military conquest, and sustained even after it all ended majorly due to the unfair debt where developed countries take advantage of the poor and developing countries.... This world debt is recognized as a big obstacle for human development.... There are several problems that have Poverty has sustained due to this unfair debt and there will be no end to poverty of this system continues as it hinders political and economic stability (Diaz (2008))....

Therefore, politicians fail to acknowledge the failure is one of the reasons behind the debt crisis.... The other reason as to why the United States is facing a debt crisis includes the fact that the government has increased its spending habits rapidly.... nbsp; This paper outlines the truth about the financial crisis.... nbsp;…  For the sake of the generations to come, the economy of the United States should be saved from its trend towards devastation....