In Path to Prosperity, Paul Ryan offers an 80% cut in discretionary spending - the largestgutting of governmental public services in our lifetime - and FEMA finds itself stuck on the chopping block. Although exact numbers aren't given to how much disaster funds would be cut, it's safe to say that calling 211 might be the only option left in a nation starved for cash flow. This was the point made by Senate Majority Leader Harry Reid yesterday when he chastised Mitt and Paul for even thinking that they could show sympathy for the hurricane victims. A bit harsh? Yes.
I see government as a type of peacekeeper. Peacekeepers always get caught in the middle of a situation. There are people on both sides who want different things and neither can have exactly what it is they want. It’s the peacekeepers job to work out a compromise. I think American government does a fairly good job of compromising with the people.
Since the Bush Administration broke America’s budget, our economy is going down the drain. “With all of the debate about taxes, the economy and domestic spending, it is hard to imagine anyone supporting the notion of taking money from programs like Medicaid and college – tuition assistance, increasing the burden of the vast majority of working Americans, sending the country into a crashing debt.”(Bush Economy 1) “During the Bush years, the two main sources of class mobility – a good job and money for higher education – have increasingly failed…” (Bush Economy 4) “But the share of economic growth that is going toward corporate profits, which flow to stockholders and bondholders.” (Bush Economy 5) If the economy keeps breaking down like it is now then our generation will have to fix it all. Right now our generation is facing a crisis which we will have to fix or else we’ll end up with no money, no job and no shelter and food. Actually the whole world will be broke, not just America; right now there are other countries that layoff people from their jobs. The only reason why those countries are laying off the workers is because America
Domestic Policies: Bush retained many of Reagan’s cabinet. Collided with the Democrats in Congress over his nomination of former Senator John Tower as secretary of Defense – womanizer, heavy drinker, and brawler; the Senate rejected the cabinet appointment, the first such occasion since 1959. Legislative Agenda: Bush vetoed to keep the Democrats from making too liberal decisions for example raising minimum wage. Resolution Trust Corporation – liquidate the failed Savings and Loans and rescue the still-viable ones – gave $166 billion to close or merge bankrupt savings and loan firms. Treasury gave $500 billion to keep financial markets from being rocked by bad judgment of bankers and politicians.
Analysis of Second Presidential Debate The Second Presidential Debate was held on October 7, 2008 at Belmont University, Nashville, Tennessee. Senator Obama calls the current financial crisis worst financial crisis since the Great Depression. He criticizes the failed economic policies of the last eight years, strongly promoted by President Bush and supported by Senator McCain. He disagrees with Senator McCain the fact that the fundamentals of the economy were sound. He says that the biggest problem in this whole process was the deregulation of the financial system.
This could have a negative impact on the tourism industry. President Obama and Democratic leaders have made it clear they are willing to accept even deeper social spending cuts in order to reach an agreement with congressional Republicans to avert a partial shutdown of the federal government .Obama and Vice President Joseph Biden held a White House meeting with House Speaker John Boehner in an effort to reach a deal with the Republican congressional leader to fund the government for the last six months of fiscal year 2011. As of this writing, no deal had been reached.At a White House meeting Boehner had reneged on a previous agreement to cut $33 billion and raised the Republicans’ demand to at least $40 billion in spending cuts, while adding a series of right-wing social policies to the budget bill, including restrictions on abortion and environmental regulation.In remarks during a public appearance in Pennsylvania prior to his meeting with the Republican House leader, Obama said, “After weeks of negotiations, we’ve now agreed to cut as much spending as the Republicans in Congress originally asked for. So we’ve agreed to a compromise, but somehow we still don’t have a deal, because some folks are trying to inject politics in what should be a simple debate about how to pay
Paulson believes the GSEs need reform by eliminated their ability to hold mortgages and limiting the mortgages they ensure to first time home owners by the size of the mortgage that Fannie Mae & Freddie Mac can back, borrower income, or both. Most importantly there needs to be no implied government back guarantee to Fannie Mae and Freddie Mac. His TARP program although unpopular at the time has been credited with preventing another depression. When Obama was elected he appointed Tim Geithner as the Treasury Secretary. Henry Paulson is just a man.
Tajos, Noel Benedict A. 3PHL February 29, 2012 A Paper on Ron Paul’s “What if…” speech It appears that Congressman Ron Paul in this endeavor of his is scrutinizing the system of the United States of America regarding its undertakings with other foreign countries which eventually may lead the United States to its downfall, “to be a victim of its own demise.” By this line “What if some day it dawns on us that losing over 5,000 American military personnel in the Middle East since 9/11 is not a fair trade off for the loss of nearly 3,000 American citizens no matter how many Iraqi, Pakistani, or Afghan people are killed or displaced?”, he addresses the military actions of the government in its insensitivity, thoughtlessness, selfishness,
Chrétien offered to take the heat from Martin by staying a couple months longer before stepping down. Martin refused, instead, launching a public inquiry and personally blamed Chrétien for the affair (Newman, 245). The internal power struggle of the Liberal Party between Chrétien and Martin spanned a decade or more (Newman, 25). Stephen Harper launched a brutal attack ad campaign in the summer of 2009 on Ignatieff’s image (Wells, 1) Ignatieff had great difficulty responding to the attack ads (Wells, 1). Ignatieff had spent almost half his life abroad, and most of it in America, teaching at Harvard (Newman 20).
What was most difficult during The Great Depression? a) unemployment b) homelessness c) poverty d) farm losses 2) What was President Hoover’s economic policy during the depression? a) Refused to use the Federal government to increase money supply b) followed a laissez faire philosophy – leave the economy alone c) passage of the Smoot Hawley Tariff d) Loaned money to business 3) What was the reaction to Hoover’s policy? a) he was hated b) homeless shelters c) the economy improved 4) What did FDR immediately do to get out of the depression? a) improved banks, b) sent people into the army c) raised taxes d) started social security 5) In what year did The Great Depression