Abstract In this paper the author examines the US Federal Budget during the Clinton administration and how he reduced the deficit to a surplus amount in 1998. He moves on to discuss the changing American economy and provides examples of why he considers that there are times in a nation's life when deficits are necessary and even beneficial. The author suggests that use of debt spending during wars and times of recession help to boost the economy but can be detrimental to the Stock Market. He further examines levels of taxation and compares the effect that different administrations have had on the federal deficit.
From the paper:
?Determining the correct, or economically benign, level of deficit and debt is a subject for endless debate. Economies do not operate by a simple law of cause and effect, of plus and minus, of deficit and surplus. They are complex interweaving of many economic and psychological factors, both domestic and international. Although a huge deficit is never to be praised, there are times in a nation's life when deficits are necessary and even beneficial.?
Tags: Clinton, Regan, Bush, Terrorism, War, Federal, Budget, Deficit, Tax, Stock, Market, America
Abstract This paper looks at the federal deficit from five economic perspectives: opportunity costs, the production possibilities curve, the invisible hand principle, the Laffer curve and good economics vs good politics. The paper then looks at different methods for controlling the deficit.
Abstract In this article , claims of a "democratic deficit" in the European Union (E.U.) are examined. The writer discusses the meaning of democracy. The writer looks at the comparison of institutions in contemporary democratic states and the E.U. The writer also discusses the possible development of the E.U. The writer concludes that there is not a democracy deficit.
From the Paper "Two centuries of often-bloody struggles have made Europe a continent of democracies strongly established across the Western and Central European regions that now comprise the European Union. But is this great and difficult achievement now threatened by the emergence of the European Union (E.U,) itself, as a less than fully democratic entity. This question has come to be a matter of increasing debate in recent years as the E.U. has emerged as more than a mere alliance of ... "
Abstract This paper discusses the federal budget deficit and various strategies that can be formulated to address it. Particularly important are several budgetary techniques employed at the state level, specifically Georgia, that are effective at controlling spending without increasing taxation. Private research institutes, such as the Cato Institute, often propose more radical solutions but these are indicative of the importance of controlling the deficit.
From the Paper "Most analysts readily admit that the federal budget deficit is bordering on the unmanageable. Between geopolitical events such as the Iraq War, numerous petrochemical industry developments, and natural disasters such as Hurricane Katrina, increasing deficits at the federal level have been the modus operandi of the current administration: "The nonpartisan Congressional Budget Office (CBO) announced on August 26th that the fiscal year 2004 federal budget deficit will be an estimated $480 billion, and that deficits could total $5 trillion over the next 10 years" (Budget par.1). While certainly state budgets are not of the same magnitude as the federal government's budget, they are similarly devised and the federal government would be well-advised to appropriate some of the fiscal controls that many states have adopted. Georgia, for example, utilizes a revenue shortfall reserve program that is mandated by law (Georgia). Essentially, this fund is created..."
Abstract In this paper, the author discusses the purpose and rationale for using Dorothea Orem's self-care deficit theory of nursing (S-CDTN) in her women's health practice and the development of a plan to implement the self-care deficit theory in the author's workplace. The author also discusses possible barriers and challenges to implementation, presents evaluation criteria and critique of S-CDTN, and provides examples of S-CDTN relevant to the author's workplace.
Outline:
Theory Overview
Rational for Selecting Theory
Barriers and Challenges to Implementing Orem's Theory
Evaluation Criteria and Results
Theory Critique
From the Paper "Dorothea Orem, first published in 1971, developed her nursing theory independent of the medical model focusing on the autonomy of nursing practice and provided a link of relevant nursing knowledge to the requisites of clients needing health-related care (Koenig Blais, Hayes, Kozier, & Erb, 2002, chap. 6). The self-care deficit theory "expresses and develops the reasons why persons require nursing care" (Dennis, 1997, p. 11). The core of this theory and the first of the three theory components is self-care/dependent care. Her self-care theory focused on the recipient of nursing care versus the nurse provider. Self-care encompasses learned activities natural to all adults as they respond to internal and external (environment) input. Dependent care is actions the individual performs on behalf of children or adults due to health deviations or developmental age (Dennis, 1997, chap. 2). "
Abstract This paper begins by explaining that even since biblical times budget deficits have been a part of government financial policy and that once begun,they become a pervasive and destructive force on society. The paper also looks at how the current U.S. budget deficit began, explains just why budget deficits are problematic, examines the consequences of budget deficits and discusses what can be done to help address the problem. The paper also asserts that budget deficits can be controlled, if not eliminated, if society learns to live within the government's means.
Outline
Introduction to Budget Deficits The Beginnings of Our Current Crisis
The Problems of Budget Deficits Consequence of Budget Deficits Distorting the Budget Decision-Making Process
Statutory Measures Just Won't Suffice
Social Security and Budget Deficits Medicare and Other Entitlement Programs
Conclusions about Budget Deficits
From the Paper "The idea of government deficit spending has been with humankind since the earlier times of the history of civilizations as recorded in the Old Testament of the Holy Bible. The first recorded political leader to generate budget deficits, although they weren't so labeled, was King Solomon. As recorded in the books of the Chronicles and Kings, Solomon issued promissory commitments of various kinds to the King of Tyre, the Queen of Egypt, and the King of Lebanon to assemble the materials necessary to build the Temple."
This paper analyzes the issue of the U.S. trade balance and its significant impact on the exchange rate in America due to the burgeoning trade deficit and declining value of the dollar against other major world currencies.
Abstract This paper examines the relationship between the trade balance and the exchange rate. The writer details the general rule of economics that states a negative trade deficit normally leads to a weaker currency while trade surplus results in enhanced value of currency, although there are exceptions to the rule, which are detailed in this paper. This paper discusses the issue of the U.S. trade balance and its effect on the exchange rate of the country's currency which is currently in the limelight due to the burgeoning U.S. trade deficit and the declining value of the dollar against other major world currencies. The writer of this paper delves into America's economy against that of China's and questions whether the U.S. dollar will retain its status of the reserve currency in the long run. This paper touches on the opinions and views of economists and U.S. treasury officials who contend that the current trade deficit is nothing to be alarmed about as the country's economy and the U.S. dollar survived a similar slide in the late 1980s. This paper also discusses the opinion of the U.S. administration that believes the alleged under-valuation of the Chinese Yen is a prime source for the deficit problems since there is a huge and growing trade imbalance between the U.S. exports and imports to China. The well-researched and well-written paper clearly define the terms: Trade balance, exchange rate and reserve currency.
Table of Contents:
What is Trade Balance?
What is Exchange Rate?
The Extent of Trade Balance Deficit in the U.S.
What is a Reserve Currency?
Can the U.S. Dollar Retain its 'Reserve Currency' Status for Long?
Is the U.S. Trade Deficit Sustainable?
Is China the Source of the Deficit Problem?
Possible Solutions to the Trade Deficit Problem
Conclusion
References
From the Paper "The key question is, can the US dollar retain its status of the resrve currency for long? History suggests that it may not. Before the advent of the dollar as the world's reserve currency, the British Pound had enjoyed such a status. Between the two World Wars and the post-World War II period saw the weakeing of the British economy. As a result, the British Pound was devalued by 30% in 1949, effectively ending its run as the world's reserve currency and the start of the dollar's reign. Dollar has been able to retain its status as the reserve currency since it was relatively stable, was backed up by the formidable economy of the US, low interest rates and the absence of an alternative currency."
Abstract This paper reviews and discusses the problem and causes of the U.S. current accounts deficit. According to the paper, the U.S. current account tracks the trade balance, income payments and unilateral transfers. The paper reports that the current account deficit now accounts for about seven percent of the GDP. The paper concludes with possible solutions to the problem.
Outline:
Background
The Causes of the U.S. Current Account Deficit Risks of the U.S. Current Account Deficit Possible Solutions for the U.S. Current Account Deficit
From the Paper "Since 2000, however, the increase in the current account deficit has reflected mostly a decline in public sector saving because of the growing fiscal deficit and even more decline in an already low household savings rate (Rajan, 2005). Beginning in 2001, there has been larger public dis-savings in the U.S. with growing fiscal deficits caused by a weak economy, lower taxes and increased government spending, especially on the Iraq war (The United States current account deficit and world markets). And, personal savings rates in the U.S. have trended down strongly since 1991 and reached an average of only one percent in 2000 (The United States current account deficit and world markets). Personal saving rate in the U.S. are now substantially lower than the rest of the world. For example, they are 13 percent in Japan, 12 percent in Germany, and 15 percent in France. "
This paper explains what the trade deficit is, what causes it and how and why it is growing at the rate that it is. It discusses whether or not the trade deficit presents any kind of problem or risk to our economy as well as some possible solutions.
Abstract Hearing media reports of America's trade deficit most people are led to believe that it represents a drain on our economy and is caused by unfair trade practices of other nations. This paper explains why these notions are not entirely true. Both the upside and the downside of the trade deficit are discussed. It explains why foreign investments are the driving force behind the trade deficit, why protectionist policies are not effective in reducing it, and why it is part of a growing economy. It examines the potential risk inherent in an ongoing trade deficit and discusses what our government could do to bring it under control.
From the Paper "The United States' trade deficit, also known as the current account deficit, is a measure of the balance of the flow of goods, services, and investments between the United States and the rest of the world. In other words it is the difference between how much we are selling to the rest of the world and how much we are buying from the rest of the world. A country that is selling more than it is buying is said to have a trade surplus. A country that is buying more than it is selling is said to have a trade deficit. The United States has been running a trade deficit for many years and in recent years it has been rising rapidly."
Abstract An analysis of the current budget deficit and its causes--a slow economy, tremendous spending on the Iraq war and tax cuts. The paper also addresses the economic effect of a deficit on the economy and the desirable and adverse effects caused by a deficit. This essay concludes that spending would be more productive if directed to structural elements of the economy.
From the Paper "Budget deficits occur when government expenditure is greater than revenue, forcing the government to borrow to meet its requirements. There are many potential economic effects of a deficit; the most apparent is an expansionary effect on the economy caused by injections of money being greater than withdrawals. Fiscal policy, among many other mechanisms is used to manipulate the economy. However, budget deficits should be used as to not adversely affect the economy. The federal budget deficit set the new record of $374 billion in 2003, doubling last year's efforts (Fram). The record deficit has been caused by the slow economy, tremendous spending on the Iraq war and tax cuts for the rich. This indicates that the great America does not know how to balance the checkbook, and certainly does not know how to spend wisely."
Abstract This paper explains that the budget deficit, defined as the amount the government borrows in order to fulfill the budgetary allocations in the federal budget, is at an all-time high, which is not that concerning because most often expenditures exceed revenues and the bridging of the gap between the two requires government borrowing from foreign or private entities. The author points out that, if the deficit increases 2.5% in one year, but GDP also increases by this same amount, the deficit as a portion of the federal budget has remained the same. The paper concludes that the examples show that the vast majority of current federal budget programs demonstrates that increased operating deficits do not necessarily mean poorer performance; in fact, the percentage of debt as a portion of GDP is a much better predictor of effectiveness in the federal budget mechanism.
From the Paper "With these criteria in mind, we will turn attention to the current federal budget, which has been in deficit status since 2002, and seems destined to remain so for the next several years. The FY2006 proposed budget includes a $390 billion deficit, not including potential expenditures in Iraq and Afghanistan or any social security reform measures undertaken-a seemingly huge discrepancy between government revenue and spending. President Bush has vowed to reduce deficit spending by half in the next five years-and appears to be holding true to that promise, as the 2006 deficit is smaller than the $427 billion deficit in the FY2005 budget."
Abstract This paper analyzes Australia's persistent current account deficit that it has had since the 1950s. It questions why this deficit persists and how the current account deficit impacts on Australian foreign debt. The paper then discusses what measures have been undertaken by Australian governments in the past to reduce the current account deficit.
From the Paper "As Australia embraces a globalised world, funds flow across our border, often as payment for goods and services traded. Other movements of capital occur when Australia lends money abroad, or is forced to service its debts. These transactions, from the public and private sectors, are collected and recorded in a register known as the current account. For the past 50 years Australia has experienced a persistent current account deficit, resulting from Australia being a net importer, and because of interest payments on foreign loans/ investment. Therefore, the current account has been of major concern for successive Australian Governments, who have attempted to adjust the balance, with little success in the long run. However, while burdened by large foreign debt, the Australian economy has proved resilient, recording some of the strongest growth for OECD nations in the past 30 years, and has avoided the woes of its major trading partners, such as the Asian financial crisis, Japanese stagnation and the technology share crash in the USA. This has led to the significance of the current account deficit being questioned, because it is apparent that an economy, such as Australia, can perform so well, while experiencing the third highest deficit in the world."
Abstract This essay provides a critique of self-care deficit nursing theory. It reveals how the theory directly contributes to nursing knowledge and practice. By focusing in on a specific concept, the theory allows an immediate application of ideas to practice. Specifically, the paper illustrates how self-care deficit theory proposes that individuals have a set of tasks that are crucial to the maintenance of their health. A self-care deficit exists when the relationship between a person's ability to perform required actions is not adequate to meet all of the therapeutic self-care demand. This is where the function of nurses becomes instrumental.
Abstract The paper provides a brief overview of the self-care deficit theory based on Dorothea Orem's use of the four meta-paradigmatic concepts. The paper demonstrates how a client, Mrs. S., has specific health-care deficits along with strengths and also looks at any areas in which the theory is not effective. The paper explains Orem's theory that a client's health is affected by a number of contributing personal factors and various factors that are found in the environment and maintaining and restoring health depends on whether the client can effectively cope with these factors and self-care requisites.
Outline:
Introduction
Overview of Self-care Deficit Theory
Self-care Theory Applied to Mrs. S
Conclusion
From the Paper "Orem's theory of self-care is based in her concept of the human being. The person is a biopsychosocial self-care being who is capable of self-care. This is a holistic view involving multiple domains of the person. The goal of nursing is to assist and support the client with the need for self-care and to promote health. This goal is achieved by nurses who use the nursing process to develop a plan of care for the client. The environment contains internal and external stimuli with which the client interacts, and such interaction is crucial because the environment contains resources which contribute to self-care (Sousa & Zauszniewski, 2006)."
Abstract This paper examines the issue of the democratic deficit in Canada. Paul Martin's concept of 'democratic deficit' and six responses are outlined.
