The Obama Fiscal Challenges Essay

1089 words - 5 pages

During president Obama’s first term presidency, he created the bipartisan national commission on the fiscal responsibility and reform to address out nations fiscal challenges. The duty of the commission is to identify policies that will improve the fiscal situation in short term and sustaining it over long run.
The commission is designed to balance the budget issue, including changes to the growth of entitlement spending and the gap between the projected revenues and expenditures of the United States government. The commission held meeting once a month, it will vote on a final report containing a set of recommendations on December 1, 2010. Commission’s work has never been fully embraced by the president or congress. The commission did provide us with some insight to the fiscal issues United States faces, buts its recommendations that they provided us are still under consideration toady. The commission on fiscal responsibility and reform is run by two co-chairman, Alan Simpson and Erskine Bowles, along with eighteen members.
Alan Simpson, he was a republican senator from Wyoming. He is a conservative and an opponent of government regulations, he also outspoken advocate for abortion, gay and lesbian rights and equality for all persons regardless of race, color, gender, and sexual orientation. Senator Simpson severed the Republican Party in 1985 to 1995, chairman of veterans’ affairs committee from 1981-1987 and 1995-1997, after he was retired from politics he taught at Harvard University and severed as director of the institute of politics, later he moved back to Wyoming severs as co-chairman of Americans for Campaign Reform, which is the political effort to change money involved in politics (
On the other hand Co-chairman Erskine Bowles, severed as president of university of North Carolina, he holds eight honorary doctorates throughout America. Bowles is also a businessman who stated multiple companies in United States. In 1993 Bowles was appointed by the President Bill Clinton to serve as director of the Small Business Administration, he was later promoted to White House Chief of Staff from 1994-1998. While he was the chief of staff he negotiate the first balanced budget in a generation, guide domestic and foreign policies (WSJ). Both candidate have almost dedicated most of their entire life to public services and both candidate are well qualified for the co-chairman of the commission.
After looking over The National Commission on Fiscal Responsibility and Reform: The Moment of Truth. I think one of biggest reason why the reform was never embraced by the federal government is because I think the reform is too board. I do like the idea that I could eventually reduce our nation’s deficit by 4 trillion dollars by 2020. Stabilized debt by 2014 and reduce debt to 60% of GDP by 2023 and 40% by 2035, ensuring lasting social security, reduce elderly poverty and distribute the burden fairly (The Moment of Truth). I feel like distribute...

Find Another Essay On The Obama Fiscal Challenges

Contrast Of Presidential Campaign Positions Of McCain And Obama

1125 words - 5 pages what our politicians think about present situation in the country. Let’s discuss our candidates’ points of view to the major challenges facing America today to choose one who responds to present needs of American people. Another important question that needs to be discussed is economics, especially taxation policy. Senator Obama does not say many about taxation. His idea is to “cut income taxes by $1,000 for working families to offset the payroll

The Promise: President Obama Essay

1669 words - 7 pages make a promise during the elections. In the book, Alter himself said, “it wasn’t clear until after the election how thoroughly [Obama] was committed to the goals of transformative change in the schools” (Alter 90). During his first year in office, one of the challenges president Obama faced, was to decide how much of the stimulus money needs to be spend for education reforms. In the end, they have decided to spend almost hundred billion dollar

The Expectance of the Three Important Men

1015 words - 5 pages . Although it has been a long time since Cold War is over President Obama, still mentions that the nation is at war against a far-reaching network of violence and hatred which can be considered as another war. Since their economy is badly weakened due to the greed and the irresponsibility of some parts of the nation, the challenges that they face are real but just like Lincoln; Obama is not giving up because of the unity that the nation had

Success of Obama Care

2605 words - 11 pages face the same treatment as Senger’s statement. Also, for those physicians who work at small clinics who accept Medicare and make half of what private sector physicians earn will face new challenges for their small clinic as well. Not only is Obama Care affecting small businesses that focus in food, law, and financial sectors, but also many small medical facilities are bracing for even more of an impact. All things considered, Obama Care is going

Mock-endorsement letter to Barack Obama. Issues on tax, health-care, and his Vice presidential pick.

1555 words - 6 pages difficult labor for the challenges that are to come. I endorse Senator Barack Obama as the President of the United States of America to be the man that will uphold these challenges and lead the country towards prosperity and peace.Sources: notes on the presidential debates

A Rhetorical Presidency: Literary Analysis of Barack Obama's Use of Rhetoric During His 2008 Campaign

1670 words - 7 pages available means of persuasion" (online). Elections are won and lost based on how well a candidate can persuade the public that their policies and leadership are in the best interest to their needs. As the media becomes more immediate and powerful, effective rhetoric in presidential elections becomes ever more important. Barack Obama was able to win the 2008 election using his superior rhetoric over John McCain. How was Barak Obama able to use

Their Concerns Will Be Our Cause-An overview of Barack Obama up to March 10, 2009

1709 words - 7 pages TV, put away the video games, and read to their child. I speak to you not just as a President, but as a father when I say that responsibility for our children's education must begin at home. (Obama)Yesterday, I held a fiscal summit where I pledged to cut the deficit in half by the end of my first term in office. My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs

The Audacity of Hope: A Rhetorical Analysis

2079 words - 8 pages chapter 9, Obama offers an account of his own family life, also discussing unique challenges that face American families today. Due to the increasing costs of living for the average middle-class family, many Americans are forced to have both parents working full-time outside their home. He describes his own family’s struggles to maintain and balance his responsibilities, while he and his wife both juggle personal and professional commitments. Like

Obama Care

756 words - 4 pages With the new federal health care bill going into effect in the near future, the controversial Affordable Care Act, dubbed "Obama Care" has been the most prominent story in the news over the course of the past few weeks. Although it was passed by the House way back in March of 2010, it's simply the wrong thing for the country right now, due to the severe fiscal irresponsibility at the bill's core. The major problem with the bill is the

The Great Recession

1186 words - 5 pages U.S. Congress has been promising fiscal responsibility in the mornings while passing massive unfunded bills in the afternoons on Capitol Hill. Toward the end of President Bush’s time in office he managed to have Congress pass the Troubled Asset Relief Program which cost over seven hundred billion dollars. From there the spending baton was passed to President Obama who developed the American Recovery Reinvestment Act of 2009 which increased the

Barack Obama: A More Perfect Union

1416 words - 6 pages live, I will never forget that in no other country on Earth is my story even possible. Obama goes on to say “We cannot solve the challenges of our time unless we solve them together.” He believes that this is the time to change, and a new generation governed by racial minorities. Obama support these claims by reiterating his own beliefs and those of the American nation. “I would not be running for President if I didn’t believe with all my heart

Similar Essays

Obama Report

1059 words - 5 pages (bio.story) But int he end obama was elected the 44th president of the United States. Obama from the president election challenges to one of his inspiration Nelson Mandela has had may challenges and influences from his childhood to being the president of the U.S. Obama has had many accomplishments by defining his role in the world and becoming the first African-American president of the Harvard Law Review, writing an inspirational book "dreams

The Fiscal Cliff Essay

4209 words - 17 pages contractionary fiscal policies can be used to influence the economy is a key element of Keynesian economics. (Blinder 2008) Because market conditions could take some time to work themselves out, Keynes believed that government intervention through either monetary of fiscal policy would offer a faster short-term solution. (Appendix A)Since taking office in 2008, President Obama has taken a Keynesian approach to the current economic crisis. Keynes theory is

The Fiscal Cliff Essay

4209 words - 17 pages contractionary fiscal policies can be used to influence the economy is a key element of Keynesian economics. (Blinder 2008) Because market conditions could take some time to work themselves out, Keynes believed that government intervention through either monetary of fiscal policy would offer a faster short-term solution. (Appendix A)Since taking office in 2008, President Obama has taken a Keynesian approach to the current economic crisis. Keynes theory is

Rhetorical Analysis Of President Obama's Inauguration Speech

1398 words - 6 pages achieve presenting his message of creating hope and change together in America while fixing the economic and social challenges and issues left behind from the previous president. Barack Obama uses syntax, the rhetorical triangle, and diction to portray his message. One prominent rhetorical syntax device that Obama uses is parallelism. Obama uses a repetition of words to introduce sentences, or uses them to begin clauses of sentences. Repeating a