Posting # 2 I found it an interesting article called Cost of War. According to this article, “the important impact of federal spending on the Iraq and Afghanistan wars has been to raise the nation’s indebtedness.” Moreover, the increased military spending following September 11 was financed almost entirely by borrowing. Rising deficits have resulted in higher debt, a higher debt-to-GDP ratio, and higher interest rates. Moreover, this article claims, “A good indicator of the sustainability of government spending is the ratio of federal debt held by the public to national income, or gross domestic product (GDP). This ratio increased by almost 37 percentage points between 2001 and 2011.” Finally this article make a comparison between the war
According to the article Congressional Budget Office in The Budget and Economic Outlook: Fiscal Years 2010 to 2020, the reason for this overwhelming increase in debt is because of three factors : the obvious difference between federal revenues and spending done even before the impact of recession caused this
The article The Ending the War: The Push for National Reconciliation by David Blight, explains how they reunite their differences through avoiding the hard work to change the Union, to actually reconstruct the social order that was needed against the confederate hostility, but only continues to embrace their white Southern remembrance, for example songs like, A Southern Song Opposes Reconstruction and war memorials. The evolution of Memorial Day during its first twenty years was even a show of differences from the Northern and Southern perspective, Northerners result was the freedom of African-Americans and the preservation of the Union and the Southern version of Memorial Day were rooted in the resistance to the reconstruction. Nonexistence
When World War II ended in 1949, the debt grew at a slow and steady pace for the next 20 years. When the Vietnam War began in the 1960's the debt accelerated sharply. Thanks to the growth of television and news media, growth of the deficit was widely publicized. For the first time, the American people were given access to what was going on with the nation's debt. When the Gulf War began the early 1990's, the national debt reached a trillion dollars for the first time. By the end of the Gulf War, the government decided to make amendments to fix the continuing problem with the deficit. Despite those promises to reduce spending, the debt is currently at it highest point ever.
“Ten Trillion and Counting,” presented by Frontline provides quite a picture of America’s national debt as it surpasses the trillion dollar mark. They ponder the financial well being of current and future retirees while also exposing on how America got into this mess, and what the Obama administration plans to do during his term. America is able to close the gap year to year in its national budget by selling bonds and T-bills. Foreigner countries who continually purchase these obligations are beginning to grow. Much like the Bush administration, the Obama administration has started borrowing big with plans to cut the budget years down the road. It is clear for anyone to see that this borrowing and the future promises of cutting cannot go
The federal budget is known as the notorious economic tank from which money is distributed to various programs. The money used every fiscal year, which begins October 1st and ends September 30th the next year, belongs to the people. The government raises this money through taxes and they spend it on national defense, Medicare, and social security. The federal budget is an exercise in making choices, and those options will certainly affect individuals living in the U.S. These choices cause debt to pile up on the government, who is struggling to make it disappear. The deficit and debt of a government gauges how well it is being run and how well it has been run in the past. According to The Economist the national debt is the total
In 2009 the debt was amounted to about $12 trillion , or 83.4 percent of the country’s GDP (“Budget of the United States Government: Historical Tables Fiscal Year 2011” table 7.1). Since 2003, the debt has been increasing by more than $500 billion annually. The increase in 2009 was $1.9 trillion. According to the Congressional Budgeting Office, this debt will keep increasing at least for the next decade (“The Budget and Economic Outlook : Fiscal Years 2010 to 2020” 21).
War is a dangerous game, many people would likely agree to this, however, very few have ever seen a battlefront. The truth is that war, no matter how awful we can imagine it, is always exponentially worse. In Timothy Findley’s The Wars, Robert Ross, the protagonist, faces a situation that he finds difficult to come to terms with, and when faced with a similar situation later on in the novel, he must take drastic measures to reconcile the uncertainties of the past situation. Timothy Findley suggests, through the life of Robert Ross, that one’s need to reconcile the uncertainties of past experiences dominate our actions when such situations come up again in our lives. In the words of Hiram Johnson, a US Senator during the First World War,
The key claim presented by, The Week states, “six factors that hit the nation’s bottom line,” causing the national debt. Although the focus was on a debt had already developed, sighting a move from $5.8 trillion (2001) to 14.3 trillion (2011). The evidence to support this claim sums up only $5.7 trillion
I chose “Assuming the Costs of War: Events, Elites, and American Public Support for Military Conflict” by Adam J. Berinsky as my journal article. Berinsky article focuses on what shapes public opinion during time of conflict for the U.S. I chose to write about Berinsky article for a few reasons but they all center around my love for military history. This article piqued my interest because it not only discusses war but because it focuses on another aspect of war. Berinsky does not talk about the soldiers or the fighting or the weapons but rather he focuses on the home-front and their opinions. I feel that the article offered unique insight that has really on been brought up recently with the increased opposition
Throughout history, protests have been proven to be the more effective methods of getting a message across, whether it’s to express disdain for the misdeeds of police officers, or to protest the U.S.’s involvement in war. This was seen especially during the Vietnam War, one of the more recent wars this country has been involved in. Many people around the country expressed their opinions about the idea of war, in several forms, including riots, protests, and draft dodging. Along with this form of expression and practicing of free speech, several music artists, including Creedence Clearwater Revival, Marvin Gaye, and Edwin Starr, joined in the anti-war movement by conveying their own two cents about the matter through the lyrics of catchy, impassioned songs. In the song “War” by Edwin Starr, Starr attempts to portray his negative view on war, through the use of pathos to create a more intimate bond with his listeners, a very aggressive, yet passionate tone, and the song’s close resemblance of a protest, in auditory form.
First, a war can cost a country unexpected amount of money. For example, during the Second World War, the Canadian government took full control of the economy, and turned it into a war-winning weapon. Canadian industries manufactured war materials and other supplies for Canada, the United States, Britain, and other Allied countries. “The total value of Canadian war production was almost $10 billion; approximately $100 million in today’s dollars. Canadian industrial production during the Second World War included 11 billion dollars of munitions, 1.7 million small arms, 43,000 heavy guns, 16,000 aircraft, 2 million tonnes of explosives, 815,000 military vehicles and 50,000 tanks, armoured gun carriers and 9,000 boats and ships ambulance, light
Given that many plants need to be sown and then reaped when fully grown, the metaphorical conceptualization of people as plants may, accordingly, be elaborated to include a reaper, more specifically a conceptualization of death as the Grim Reaper (Lakoff & Turner, 1989, pp. 16, 75):
For as long as Americans can remember there has always been a federal deficit. In fact, the only time in American history when there was no federal debt was under president Andrew Jackson, and it only lasted a single year(Wall Street Journal). The federal government never managed to pay off the debt again, although some administrations, like Coolidge’s and Clinton’s, have managed to run brief surpluses(Wall Street Journal). Yet today there seems to be no limit on the debt and deficit spending, and a key question has been pressed into the forefront of politics and fiscal policy, “is
War has influenced economic history profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. Wars have influenced technological developments. Above all, recurring war has drained wealth, disrupted markets, and depressed economical growth.
James Fearon aims to shed light on the question why conflicts occur despite high costs for the actors involved and an uncertainty of outcome. He employs a rationalist explanation with states as main actors not the international system. The high costs and risk of war create an ex post inefficient, which should provide motivation for rational states to find an other way of solving their differences which would be preferable to a open conflict (Fearon 1995: 380). Yet despite the awareness of the negative outcome and thus an incentive to avoid it, wars between states occur and this creates the central “Puzzel” for Fearons theory (Fearon 1995: 383). “The ex post inefficiency of war opens up an ex ante bargaining range” (Fearon 1995: 390). This bargaining range expands between the two preferred outcome of the two opposing states. Between the two preferred outcomes a “continuous range for peaceful settlements exists” (Fearon 1995: 389). Both states have a bargaining range with possible solutions bound by expected utility of war as well as by the costs and risks of fighting (Fearon 1995: 388).