This website uses cookies to ensure you have the best experience. Learn more

Examining The Budget Deficit In America: Concepts, Causes, Facts

798 words - 3 pages

I believe that to understand the problem of budget deficit we need to understand the concept of fiscal policy. The most important source of government revenue is taxes. Government collects taxes from individuals, corporations, firms, and etcetera. Other source of receipts can be profits of the state enterprises and the firms selling the goods and services. In the USA they are not so numerous, but in the Western Europe and in developing countries have a little bit greater value: in Venezuela, for example, the oil sector belongs to the state, and in the beginning of 80th years provided a huge share of budgetary receipts - 77 %. (2) If there are receipts that government gets from different sources, then there are expenditures that government has. It is obvious that if government spends more than receive, it causes budget deficit. In economy these two important concepts of spending and receiving are interdependent. Because deficit occurs when the State expenditures exceed receiving in concrete to year, the government should control this process. When there is not enough money in budget, government borrows money from all different countries. Finally, we encounter with more problems. It does not help us to get out of the debt. Theoretically, the government has to choices to solve this problem. One way is to decrease its spending, and second way is to increase collecting of tax. But in the real world of economy this or that way will not work.
Why the budget deficit of the USA increases during all history of the country? In my opinion, on these questions there is the answer: military expenses, national defense, and war. These three are the biggest issues.
During all history the USA had the most powerful army in the world. It looks like the US has a big power and stability in whole world. Is not good? But it must be too expensive to maintain the army like this. It is billions of dollars government spends on military expenses, which is far more than any other country in the world. I think it is a cause of huge amount of national debt and budget deficit. But it is similar to the question about infinity. There is no end of it, and where the beginning is hard to tell. But there is one interesting fact. All Americans remember the tragedy of...

Find Another Essay On Examining the Budget Deficit in America: Concepts, Causes, Facts

Causes and Effects of The Great Depression in America

3738 words - 15 pages Few Americans in the first months of 1929 saw any reason to question the strengthand stability of the nation's economy. Most agreed with their new president that thebooming prosperity of the years just past would not only continue but increase, and thatdramatic social progress would follow in its wake. 'We in America today,' HerbertHoover had proclaimed in August 1928, 'are nearer to the final triumph over poverty thanever before in the history

Attention Deficit Disorder an Otherness in America ADD and how it makes the people who have it social outcasts

1438 words - 6 pages to early man or not, the question is asked by the "normals". The factor does apply to the ADD'ers today because as pointed out before, they already know they are different (Cooley,1998).Attention Deficit Disorder, as mentioned earlier has become deeply embedded in western cultures. The Boy Scouts of America (BSA), in an unprecedented action, has formally recognized ADD and the need to address it in dealing with scouts. The BSA now has training

The democratic deficit in the EU

2041 words - 8 pages A democratic deficit may be defined in two ways; John McCormick gives a general definition to be 'the gap between the powers held by European institutions and the ability of European citizens to influence the work and decisions of those institutions' (McCormick, 1999). Christopher Lord of Leeds University adds that a democratic deficit exists 'wherever political powers are transferred to EU institutions that are less democratic than national

Attention Deficit Hyperactivity Disorder in the US

1433 words - 6 pages Some people say that the United States of America has become an ADHD country in this 21st century. For example, the psychiatrist Young (2007) noted in his book ADHD Grown Up A Guide to Adolescent and Adult ADHD, that around 9 million teenagers and adults are diagnosed with ADHD (p.3). In fact, Attention-Deficit/Hyperactive Disorder is one of the most common developmental and growing problems of teenage students. Some drugs are used on

Causes of Teenage Suicide in America

1134 words - 5 pages Suicide is a critical social problem in this day and age. According to Kutcher and Magdalena (2008), one of the top three causes of death among people from 15 to 34 years old is suicide. In America, suicide is the third killer to the high school youth which between the age of 15 to 19 (Lieberman & Cowan, 2011). Comer (2004) defined that "suicide as an intention, direct, and conscious effort to end the life of a person" (2004). In general

Causes for Violent Crimes in America

2118 words - 9 pages 10th straight year, making it the safest big city in America, but cell phone thefts are way up”. NyDailyNews. 8 January 2013. Web. 14 April 2014. Perry, Jan. “Making Our Dollars Speak for Us—Divesting in Assault Weapons Industry, a Powerful Step Forward”. HuffPost Los Angeles. 6 February 2013. Web. 14 April 2014. Voisin, Dexter R. “African American Adolescents Living and Coping With Community Violence on Chicago’s Southside”. Sage Publications. 28 June 2011. Web. 14 April 2014. Willits, Dale. “Schools, Neighborhood Risk Factors, and Crime”. Sage Publications. 25 February 2013. Web. 14 April 2014.

Roles and Responsibilities in the Budget Process

708 words - 3 pages In my organization, there are various duties assigned to the different employees depending on their professional skills. Being a relationship manager, I am mostly involved with the corporate banking services which include analyzing companies businesses and their financials to find their qualification for getting banking credit facilities. For this reason, I am not usually involved in the budget formulation team due to my other duties. Personnel

"The Causes and Effects of U.S. Economic Intervention in Latin America"

1876 words - 8 pages independent nation's budget. The Platt Amendment inhibited the newly independent Cuba from developing to its full economic potential. Clearly, the United States wanted to dominate Cuba economically. By eliminated any foreign competition in its new protectorate with the Platt Amendment, America cast itself as the primary economic player in Cuba. Moreover, following acceptance of the amendment, the U.S. ratified a tariff pact that gave Cuban sugar

What is Attention Deficit Disorder? What are the causes? How is it Treated?

1211 words - 5 pages Attention Deficit DisorderADD is a neurological impairment that affects many children around the world. Once the symptoms of ADD, a common learning disorder, have been diagnosed, then an individualized process of on-going treatment can begin.Attention Deficit Disorder is definitely genetic. It has been proven without a doubt that this disorder runs in the families. It is very likely that if at least one parent has it, the child will have it. If

Examining the rise of the Civil Rights Movement from 1940- 1965; Causes, consequences, and cachet

1038 words - 4 pages , the shifting American lifestyle and attitude, as well as economic and demographic upheaval led the government and people of America to believe that the time had come to recognize the cause of the Black people who in turn amplified their efforts to bring themselves freedom and equality among the American people.Black people in America began to feel the stirrings of desegregation when they were called to enlist in the Army and serve our country in

Concepts that Illustrate the Founding Principles of America

1196 words - 5 pages There are several instituting concepts that for me illustrate the founding principles of America and the hopeful vision of the future of this country. There are those that stood out for me during my research for this assignment and resonated with my feelings and understanding of the country at large. First and foremost is Life Liberty and the Pursuit of happiness; this sentiment is to me the very cornerstone of the hope of America’s inception

Similar Essays

An Introduction To Attention Deficit Disorder. What Are Some Adhd Facts? What Causes Attention Deficit Problems? What Are Common Treatments For Adhd?

844 words - 3 pages , and since then, there have been numerous disagreements about the 'facts', mostly between the American and European studies. American doctors believe it is a situational problem, occurring in only select circumstances, but Europeans say it is present in all situations. (http://okok.essortment.com/attentiondefici_refz.htm)Causes of Attention Deficit problems:Tredgold stated in 1908 that hyperactivity was linked to organic brain damage which he

The U.S Budget Deficit Essay

1896 words - 8 pages The U.S budget deficit over the years has been a problem but lately the deficit has shrunk. However, what made the U.S budget deficit get to where it is today and what will it be like in the years to come. Throughout the past the U.S has operated under a deficit. This means that the U.S Spent more money than it was taking in. The cause of the excess in spending was different depending on which year. Some of the causes were war, increase in

"To Cut Or Not To Cut" National Debt And Budget Deficit In The Us

1401 words - 6 pages One of my better written essays complete with parenthetical references and a biliography. Most sources from internet Excellent, wonderfully written, great use of sources, good use of graphs"It's time to clean up this mess." Famous last words heard from the mouths ofmany different politicians when talking about the national debt and the budget deficit.Our debt is currently $4.41 trillion and we have a budget deficit of around $300 billionand

The Causes Of Current Account Deficit

974 words - 4 pages The causes of current account deficitAustralia's CAD will be one of the entering years biggest economic stories in the media at the end of the financial year 1998-1999. There is a likelihood the deficit will increase to an amount to per 6 percent of gross domestic products.In Australia for the last two centuries the balance has almost been deficit the past twenty yeas the level of the deficit has increased notably. In 1970's the current account