Assess some of the ways in which Third World Debt might be reduced.

Within debt there are subtopics that can be debated. We have the poor and the people who are living in poverty. Poverty is seen as a big problem within America. “It is defined as the state of not having enough

Over 75 years later, we still do not have the freedoms President Roosevelt wished upon us. A specific freedom that still does not exist is “economic understandings which will secure to every nation a healthy peacetime life for its inhabitants.” There are still dozens of poverty stricken countries, known as Heavily Indebted Poor Countries (HIPC). These are countries that have a national debt that is unmanageable with traditional manners alone. The good news is that the Heavily Indebted Poor Countries Initiative began in 1996 to address this issue. The World Bank, the International Monetary Fund (IMC), and other creditors teamed up to reduce the debt of 36 countries that met strict criteria.

In the documentary Life and Debt, it is explained through the stories of local people, the economic and social crisis of Jamaica. With Jamaica receiving mandatory loans from the International Monetary Fund (IMF) in 1977 because of lack of alternatives, Jamaica was promised meaningful development. Unfortunately, this only made the situation worse because of the extreme policies and foreign economic agendas that came with the loans, forcing Jamaica into even further debt. Therefore, it is my opinion that it is because of the policies and greed of the IMF and The World Bank that came along with the loans, that Jamaica is currently 4.5 billion dollars in debt.

U.S. National Debt The U.S. national debt has reached an alarming proportion. As it steadily increases, it's effect may not be felt now, but it will be in the future. Paul Gregory and Roy ruffin, in their book entitled Economics, linked deficits with inflation in the long run (251). Demand-side inflation of this type fails to increase the GDP, but instead just increases prices.

To begin with handing out money is always a problem, it becomes even more of an issue when we don't have the money to give! For instance with the Chinese in 2012 we gave $28.3 million to china’s foreign aid. If we seriously are in debt to them about 1.3 Trillion dollars why would we need to give them financial aid? Its ridiculous to be in debt to them such a large amount of money and yet give them financial aid is simply ludicrous. To change this how about we start loaning money to china and stop buying into their loans, this would not only eventually cut our debt exponentially but it would also start to Increase the money we make as a nation.

While the national debt continues to rise, we as individuals and as taxpayers need to come to realize that it is the priority to find ways to help minimize the extreme amount of debt the United States holds. Over the past decades, there have been some efforts to help reduce these cost by cutting some government funded programs. Some efforts of most recent years have been the Affordable Care Act of 2010, which provided more efficient methods all while minimizing spending cost of federal health programs. Also in the Budget Control Act that was carried out in 2011, which included $970 billion dollars’ worth of cuts to federal programs over the next ten years. Although many of these acts were established to help regain control over the nation debt

Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.

results of the debt. It is a look at both the factual causes and the arguments

Debt: Increase the National Debt to an unsustainable level.” That way you are able to increase Taxes, and this will produce more Poverty

The problems of the United States’s economy dictate many aspects of its success and relations, and debt within its declining economy attribute to two harmful cycles for the country to be in. The groups that can contribute to both the debt and the economical state are the welfare programs within the U. S. today. They both raise the debt by its overuse within the unemployed and poor within the country as well as take away from the economy by giving those on the welfare no incentive to go work and put currency back into the economy. This overuse of welfare programs is a steadily growing problem correlated with the rising U.S. debt, but it can be slowed down, or reversed by taking proper action of setting regulations and rules for those using these welfare programs, bettering the economy for both government and people.

from poverty on the governments end because not only is their country in debt but the income is

One can easily identify the fact that poverty is generally considered as one among the most serious problems in human life. But the mainstream society provides less importance to this serious problem because human life did undergo transformation from empathy to disinterestedness. The western nations are comparatively safe from poverty and related issues, but the third-world nations are under the threat of the same. The problems related to global poverty is unimaginable because it forces human beings to do anything, just for survival. Still, world nations, especially the developed nations, can play the most important role in alleviating poverty from the world. Thesis statement: Global poverty, the most serious problem faced by humanity primarily

The readily identification of debt crisis was Mexico’s inability to serve its outstanding debt of $80 billion debt. And the situation continue to worsen, and one year later, by October 1983, 27 countries owing $239 billion had reschedule debts or in the process of doing so.

The World Bank and International Monetary Fund (IMF) with its view that no poor country faces a debt burden that it cannot manage, came up with an initiative in 1996 called HIPC initiative. Since then, the International financial community and the multilateral organizations and governments have worked tirelessly together to reduce external debt to sustain levels for the many Highly Indebted Poor Countries. The World Bank and its partner IMF believes that poverty reduction will come by reducing debt levels of the country.

To resolve this problem many organizations were formed to help developing countries that are in huge non-payable debt situations through debt cancellation. Through this program, many of Burundi’s debts have been cancelled. Other countries have also done these debts cancellations. This program has helped many countries in financial problems and made it more possible for them to keep building their country and developing.