Soppose you are given the job of eliminating the federal debt in ten years. Provide an...

Soppose you are given the job of eliminating the federal debt in ten years. Provide an organized outline of the measures you will take to acomplish this. ( brief answers )

Expert Solution

There are several steps I will take to decrease the Federal Debt.

Decrease the Deficit: The higher the deficit the more the debt the government has. TO decrease the debt we have to increase the generation of more debt. This is possible only after reducing the deficit.
Adopt austerity measures: Government expenditure on functioning and welfare have to decrease, we need to give less cash out for retirement plans, unemployment compensation etc. Austerity measure will further decrease the debt the government has. Any unnecessary expenditure by the government has to go.
Increase the Trade: This might include depreciating the currency and promoting the trade with the outside world. The more we trade the better it is for the economy as we are earning more revenue from it which will help us reduce the debt.
Increase the Tax recovery: Government function on taxes, the more taxes we have the lesser the government need to borrow and lessen the debt. Start recovering the taxes to reduce the debt.

Rahul Sunny answered 2 years ago

After ten years on the job, Drew is trying to decide whether to go back to...

After ten years on the job, Drew is trying to decide whether to go back to school and get a masters degree. He performs a cost-benefit analysis to determine whether the cost of attending school will be covered by the increase in salary he will received after he attains his degree. He does research and compiles data on annual salaries in his industry, health care, along with the years of experience for each employee and whether the employee has a...

1) A debt of $5500 due five years from now and $5500 due ten years from...

1) A debt of $5500 due five years from now and $5500 due ten years from now is to be repaid by a payment of $2300 in two years, a payment of $4600 in four years, and a final payment at the end of six years. If the interest rate is 1.9% compounded annually, how much is the final payment? 2) Find the effective rate of interest that corresponds to 14% annual rate compounded continuously. re=. % (Round to two...

After three rounds of quantitative easing over the last ten years, how has the Federal Reserve’s...

After three rounds of quantitative easing over the last ten years, how has the Federal Reserve’s balance sheet changed from 2008 to 2019; mainly, what are now the largest asset and liability exposures for the Fed?

You are a bank regulator working for the Federal Reserve. It is your job to...

You are a bank regulator working for the Federal Reserve. It is your job to see whether banks are solvent or insolvent, liquid or illiquid. Find the net worth of each bank below and fit them into one of the following four categories. Briefly explain your answers. I.Liquid and Solvent (best). II.Illiquid and solvent (probably needs short-term loans from other banks or from the Fed). III.Liquid but insolvent (should be shut down immediately; could fool people for a while...

Explain the pros and cons of federal debt. What specific considerations suggest that federal debt should...

Explain the pros and cons of federal debt. What specific considerations suggest that federal debt should be reduced? What specific considerations suggest that increasing the federal debt is acceptable? From a Christian worldview, what action should government take with respect to the federal debt? Be specific.

Ten years ago, you deposited $2,500 into an account. Five years ago, you added an additional...

Ten years ago, you deposited $2,500 into an account. Five years ago, you added an additional $2,500 to his account. You earned 8 percent for the first 5 years and 12 percent for the last 5 years, both compounded annually. How much money do you have in your account today?

You are planning to retire in twenty years. You'll live ten years after retirement. You want...

You are planning to retire in twenty years. You'll live ten years after retirement. You want to be able to draw out of your savings at the rate of $10,000 per year. How much would you have to pay in equal annual deposits until retirement to meet your objectives? Assume interest remains at 9%.

Complete the following ten (10) questions as if you were asked them in a job interview...

Complete the following ten (10) questions as if you were asked them in a job interview and share in the Career Lab. Remember to tailor your answer to the job that you are applying for, even with questions such as “Tell me about yourself.” Include key words. Common Interview Questions 1. Tell me about yourself. 2. Why do you want to work for our company? 3. Do you have the personal characteristics necessary for success in your chosen career? What...

What interest rate is one earning over ten years if the investment initially is 100$ and you receive 20$ back at the end of ten years?

What interest rate is one earning over ten years if the investment initially is 100$ and you receive 20$ back at the end of ten years?A.6B.8C.7.2D.9.5

Differentiate the types of federal government debt

Question