Question

In: Economics

Our federal and state governments' debt has significantly increased over the last decade and unfortunately, it...

Our federal and state governments' debt has significantly increased over the last decade and unfortunately, it is projected to grow even larger. Sooner or later, this debt will be paid by taxpayers and so long as we have this debt, we will continue to pay hundreds of billions of dollars of interest on it. Are you concerned that this debt will eventually erode economic growth and we will have lower living standards? How do you think that our elected officials should address this issue? explain in 200 words. in your own words.

Solutions

Expert Solution

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

Student debt has significantly increased over the last few years and it has become a major...
Student debt has significantly increased over the last few years and it has become a major national debate in countries like the US, Canada and UK. I 1- Give a brief overview of the student debt in Canada. 2- What is the impact of student loans on: students (before college, during college and after college); the economy ; the society at large 3- What are some policies that Canada and other nations have implemented to mitigate student debt? What policies...
Marketing research over the internet has increased significantly in the past decade. Outline the strengths and...
Marketing research over the internet has increased significantly in the past decade. Outline the strengths and weaknesses of marketing research conducted online
3. During the past decade, the federal government’s debt increased at a faster rate than at...
3. During the past decade, the federal government’s debt increased at a faster rate than at any time since the end of World War II, outstripping economic growth over that period. At the end of 2019, federal debt was higher than at any other time since just after the war. The U.S.’ Congressional Budget Office (”CBO”) has published its concerns of a growing national debt and the negative consequences for the economy and policymaking—they include: a) Lower national savings and...
in our federal system,which of the following characterizes the normal federal/state/local relationship? a.local governments are creatures...
in our federal system,which of the following characterizes the normal federal/state/local relationship? a.local governments are creatures of their state government and,thus have only those powers granted them by their state b. the federal government is presumed to have residual powers i.e. those not granted state or local government or not expressly prohibited it. c. states are creatures of the federal government and,thus have only those powers expressly granted them by the federal government d. because local units are closest to...
Over the past decade, the federal government has taken significant steps to encourage the development of...
Over the past decade, the federal government has taken significant steps to encourage the development of ethanol and other fuels made from plants as a partial replacement for gasoline. These actions have been undertaken by politicians in the midst of public concerns about the dependence on foreign oil, war in the Middle East, and global warming. The primary input for ethanol production is corn. In 2011, the 13.9 billion gallons of ethanol produced in the United States consumed over 20...
.) Suppose that the USD has been significantly appreciating against the Japanese yen over the last...
.) Suppose that the USD has been significantly appreciating against the Japanese yen over the last several months and that the Federal Reserve is considering sterilized direct intervention to reverse this trend. What sterilized intervention steps would the Fed take to reverse the recent USD appreciation? That is, clearly and explicitly state the exact steps taken (and the timing of steps: Are the steps taken sequentially? Or are they taken at the same time?) to engage in the necessary sterilized...
Describe the following debt arrangements common to state and local governments and indicate if the debt...
Describe the following debt arrangements common to state and local governments and indicate if the debt is short-term or long-term: 1. Demand Bonds 2. Revenue Bonds 3. Conduit Debt 4. Bond anticipation Notes 5. Tax Anticipation Notes
Heartland Fabrication is a steel fabricator that has grown significantly over the last 10 years. Heartland's...
Heartland Fabrication is a steel fabricator that has grown significantly over the last 10 years. Heartland's core business comes through government work, especially in fulfilling military contracts. These military contracts are primarily based on a cost-plus model. Heartland has developed a detailed process-based costing system, which they have relied upon for several years. As they determine product costs, they add a profit margin and submit bids. Recently, two of Heartland's lightweight steel products have gained traction in the agricultural industry....
Heartland Fabrication is a steel fabricator that has grown significantly over the last 10 years. Heartland's...
Heartland Fabrication is a steel fabricator that has grown significantly over the last 10 years. Heartland's core business comes through government work, especially in fulfilling military contracts. These military contracts are primarily based on a cost-plus model. Heartland has developed a detailed process-based costing system, which they have relied upon for several years. As they determine product costs, they add a profit margin and submit bids. Recently, two of Heartland's lightweight steel products have gained traction in the agricultural industry....
Suppose that the USD has been significantly appreciating against the Japanese yen over the last several...
Suppose that the USD has been significantly appreciating against the Japanese yen over the last several months and that the Federal Reserve is considering sterilized direct intervention to reverse this trend. What sterilized intervention steps would the Fed take to reverse the recent USD appreciation? That is, clearly and explicitly state the exact steps taken (and the timing of steps: Are the steps taken sequentially? Or are they taken at the same time?) to engage in the necessary sterilized direct...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT