Health insurance reform has been a subject of hot political debate since at least the early 20th century in the United States. The main focus of the argument has essentially boiled down to access to health care and who will pay for this access. The culmination of these long fought efforts has been President Obama's recently enacted Affordable Healthcare Act, which provides increased access to health care for women, young adults, and seniors especially. The provisions of the law now makes sure that insurers can no longer put a lifetime cap on how much care they will pay or cancel coverage when there is a mistake on paperwork. Starting in 2014, health insurers will be prohibited from charging more because the beneficiary is a woman.
The author’s main theory is that the economy is headed for a recession. The text book defines fiscal policy as: Changes in government spending and tax collections designed to achieve a full-employment and non inflationary domestic output. Government spending is understated and slightly overlooked in the article. The author only hints of the fact that federal government spending on defense is down. “Another negative factor was a 6.6 percent drop, on an annualized basis, in federal defense spending.” She supports that the decrease in GDP is directly related to the decrease in government spending g which proves how fiscal policy can affect overall economic growth.
A positive trend shows that total liabilities have dropped $1.7 million, which is accounted for by a $2 million, or 42%, decrease in long-term debt. Total stockholder’s equity has increased over $600,000 to $22.1 million, which represents a 3% improvement (“University of Phoenix,” 2006). Riordan has made significant strides in paying off debt and reducing liabilities by 12% and increasing stockholder’s equity in these 3 years. These positives continue to make Riordan Manufacturing a valued company to be sought after by investors. Income Statement Analysis Table
Home Depot´s balance sheet shows that they reduce their existing liabilities and long-term liabilities. By eliminated up to $1.7 billion in short term debt, Home Depot efficaciously condensed the amounts of payable income just short of a billion dollars. By effectively doing that moving forward Home depot will have less liability hence creating less expenses which is less turmoil for the company to get through trying times. Additionally, Home Depot when at a substantial point when net earnings drop recorded a $63 million dollar upsurge in stock holder´s
Financial Analysis- Task 5 A. 1. Some key points of the company’s financial picture that could impact the bank officer’s decision are as follows: while there is an increase in gross profits from year 12 to 13, there is a decrease from year 13 to 14, also while the payroll and executive compensations steadily increases from year 12 to 14, advertising basically decreases, and services and utilities continue to increase as well as expenses in general. The operating income also has a major decrease from year 12 to 14, which is not good for the company as it indicates what is available to the company before a few other items need to be paid, such as preferred stock dividends and income taxes, which needs to be increasing for the company, not
In the article “Social work and social reform: an arena of struggle”, Mimi Abramovitz examines challenges that social work profession has been facing throughout 100 years of its existence. History of activism during the 20th century, obstacles to social reform and political climate of the profession are discussed by the author. In addition, M. Abramovitz talks about the importance of the social work history to be included in the social work education. In this critical assignment, I will summarize main points of the article, give a reflection upon the author’s argument and comment on my own reactions to the reading. Since the mid 60’s, role of the social work in the social reform was recognized by the Council on Social Work Education and the National Association of Social Workers.
However, this annual "surplus" is expected to change to a deficit around 2015, when payments begin to exceed receipts and interest thereafter. The fiscal pressures are due to demographic trends, where the number of workers paying into the program continues declining relative to those receiving benefits. The number of workers paying into the program was 5.1 per retiree in 1960; this declined to 3.3 in 2007 and is projected to decline to 2.1 by 2035.Further, life expectancy continues to increase, meaning retirees collect benefits longer. Federal Reserve Chairman Bernanke has indicated that the aging of the population is a long-term trend, rather than a proverbial "pig moving through the python.” The accumulated surpluses are invested in special non-marketable Treasury securities (treasuries) issued by the U.S. government, which are deposited in the Social Security Trust Fund. At the end of 2009, the Trust Fund stood at $2.5 trillion.
<http://legal-dictionary.thefreedictionary.com/a+Brief+History+of+Welfare+Reform>. In this news article “a Brief History of Welfare Reform,” historians assert the factual and well known process of the American Welfare reform; impacting the nation beginning with the “Great Depression in the 1930s” (unknown aurthor). The government argues that they are allowed to “enable” a “person to maintain a minimum standard of well-being” although they may not deserve welfare; through this article, historians express the truth about government welfare from the start and allows the audience to debate whether the government has that control. The author’s purpose of the article is to inform Americans of the truth behind government welfare, in order to not be bias, historians wrote a well expressed article telling the history of government welfare. The intended audience is those who want to make America different, or those who want to see where
This led to a dramatic fall in the poverty rate of the United States. There was a dramatic fall in the poverty rate when Johnson first announced the War on Poverty in 1964. This is because he followed his announcement by creating Medicaid, Medicare, greater federal housing spending, and other programs to fight the increasing poverty rate. In 1964, the poverty rate was estimated to be 19 percent; ten years later, it dropped to 11.2 percent (Matthews). This shows that with the commencement of the War against Poverty, the United States was slowly improving the lives of American citizens.
Moffitt is very thorough attention detail on the subject. He states how welfare reform will remain an issue and the effects it has on a person. *** ANALYZING THE ISSUE In 1935, congress enacted aid to dependent children (ADC); a relatively modest program focuses primarily on widows, orphans, divorced or deserted mothers and children (Almanac, 2001). Our welfare policy was a good idea when it was first enacted. However 1992 Bill Clinton wanted to “end welfare as we know it” (Almanac, 2001).