SuperTutor

(15)

$15/per page/Negotiable

About SuperTutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,Engineering,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 327 Weeks Ago, 5 Days Ago
Questions Answered: 12843
Tutorials Posted: 12834

Education

  • MBA, Ph.D in Management
    Harvard university
    Feb-1997 - Aug-2003

Experience

  • Professor
    Strayer University
    Jan-2007 - Present

Category > Economics Posted 03 May 2017 My Price 9.00

News Flash

Before getting into this discussion, I want you to read the attached "News Flash" from the textbook author, Bradley Schiller, which takes a look at implications of our national debt. This article was written in 2009 and since then our national debt has doubled as it approaches $20 Trillion.

 

It's not difficult to advocate a balanced federal budget during a period of widespread prosperity. The question is whether advocates of a balanced budget are willing to adhere to this position when the economy goes into a recession or faces economic difficulties while deciding tax and spending issues. During a downturn in the business cycle, for example, tax revenues (which are directly related to economic activity) fall off putting a strain on the federal budget. Indeed, our government now must deal with such circumstances. Hurricane Katrina required billions of dollars in unplanned government expenditures. A balanced budget then would have necessitated either increasing taxes and/or cutting other government programs. And now, Congress has yet to create a budget for the 2014-2015 fiscal year, while the president's proposed budget would add another $1trillion to our national debt. In the news everyday regarding "the debt ceiling," Congress and President Obama are facing a deadline fast approaching to whether or not to increase the ceiling. What will happen if the Congress does not reach a proposal that would also need to be acceptable to the president? What would be the affect of a Constitutional Amendment requiring Congress to balance the budget given the state of today's economy?

Attachments:

Answers

SuperTutor
(15)
Status NEW Posted 03 May 2017 04:05 AM My Price 9.00

-----------

Attachments

file 1493787539-Solutions file.docx preview (56 words )
S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------
Not Rated(0)