When a government’s spending exceeds its revenues causing or deepening a deficit it is called deficit spending. Deficit spending is only one of numerous tools used to help manage the economy. Deficit spending is presumed to stimulate consumer demand by helping the consumer to obtain more money to spend, in turn, the demand of product will rise. There are advantages and disadvantages to deficit spending that we will discuss further below.
“Senate Bill 4 is a piece of legislation that Texas Governor Greg Abbott signed in May and it aims to ban “sanctuary cities” by requiring sheriffs, constables, police chiefs and other local leaders to cooperate with federal immigration authorities and allows police to ask about the immigration status of individuals they lawfully detain” (Alvarez). The consequences for sheriffs, constables, police chiefs and other local leaders if they do not follow the legislation are that they could face Class A misdemeanor and possibly jail time (Mansoor & Pollock). “In addition, they can could face civil penalties ranging from $1,000 to $1,500 for the first violation and $25,000 to 25,500 for consecutive offenses” (Alvarez). Many people are against Senate
> Allocating Repurchase Price to Other Elements of the Repurchase Transaction 30-2 An allocation of repurchase price to other elements of the repurchase transaction may be required if an entity purchases treasury shares at a stated price significantly in excess of the current market price of the shares. An agreement to repurchase shares from a shareholder may also involve the receipt or payment of consideration in exchange for stated or unstated rights or privileges that shall be identified to properly allocate the repurchase price.
On November 4, 2008, candidate Barack Obama was elected for the first term of his presidency. The following February, The American Recovery and Reinvestment Act of 2009—or the ARRA—was signed into effect by congress, and made into law by President Obama on February 17, 2009. This stimulus package was originally proposed to be 816 billion dollars, but was eventually raised to be 840 billion dollars in 2012. The purpose of this bill was to inspire confidence in the American people that the economy would be up and running again. The ARRA was intended to give money back to small businesses as well as the American families who ran and worked at these businesses. This varies from TARP, or the Troubled Asset Recovery Program, which was a bill that was aimed at bailing out banks in October 2008. TARP worked to allow banks in danger to participate in reverse auction, in order to sell their assets.
Successes and Failures of Reconstruction After the Civil War, the United States had many problems to solve. The country had to figure out how to integrate newly freed slaves into society and bring the former Confederate states back into the Union. Reconstruction was period of time after the civil war in which the United States addressed these problems. Reconstruction had two different phases: Presidential Reconstruction took place from 1865 to 1867, and Congressional Reconstruction took place from 1867 to 1877. Presidential Reconstruction began with Abraham Lincoln, who proposed the Proclamation of Amnesty and the ten percent oath plan. Lincoln was focused on leniency and forgiveness; under his plan southerners would take an oath of loyalty to the Union, and after only ten percent of a state’s voters had taken this oath, the state could be readmitted. After Lincoln’s assassination, Andrew Johnson took over Reconstruction. Johnson wanted to punish landowners, but liberally handed out pardons, as he greatly enjoyed the power that he had over southerners. Under Johnson, former confederates were re-elected, and southern states discriminated blacks. Eventually, Congress took over Reconstruction. During Congressional Reconstruction, the fourteenth and fifteenth amendments were passed, and the freedman’s bureau was created. Overall, the failures of Reconstruction outweighed the failures because it took a very long time for it to achieve its goals, and the South was still able to
The New Deal was a specific set of government works programs put into effect by President Roosevelt in response to the Great Depression. The New Deal took action to bring fast economic relief as well as improvements in industry, finance, agriculture, housing, the labor force, etc. The traditional American policy of laissez-faire was opposed in the new democratic promise of the “New Deal”. The majority of the New Deal was enacted in the first couple months of FDR’s presidency, which later became known as the Hundred Days. The first objective was to lessen the hardship of the large amount of unemployed workers in the nation. The Works Progress Administration(WPA) and Civilian Conservation Corps(CCC) were created to establish short term government aid to temporary jobs. The National Recovery Administration (NRA) was created to develop rules to govern trade practices, hours, child labor, wages, and collective bargaining. Also, the New Deal worked to avoid another stock market crash and bank failures.The Federal Deposit Insurance Corporation (FDIC) gave insurance for bank deposits and the Securities and Exchange Commission (SEC) was created to protect the people from stock-market companies committing fraud. An agricultural program , the Agricultural Adjustment Administration (AAA) attempted to raise prices by providing subsidies to farmers to reduce crop production. The New Deal was filled with government works programs to help pull the country out of the Great Depression but,
Response to “the case for reparation” In his paper “The Case for Reparations,” Coates argues that the social, economic, and political injustices against black people in America have compounded since the colonial periods. Moreover, even after slavery and segregation have ended, the conditions leave many black communities on an uneven playing field today. To even out that playing field, Coates argues in his response to these social injustices that, they (which refers to the black people) need reparations from the government, just like how the government has done to the Japanese descendent American citizens.
Reconstruction: Success or Failure? With the U.S left in shambles after the Civil War ended in 1865, Abraham Lincoln proposed a plan for reconstruction. The goal of reconstruction was to keep the blacks safe, repair the economy, and to reunite the U.S by bringing the South back into the union peacefully. During this time, African Americans were already supposed to be “free” from slavery - which obviously didn’t change conditions - and the same holds true for reconstruction in that, it wanted to reunite the nation and protect African Americans- but failed. Reconstruction was a failure for African Americans due to prejudice/discrimination, inequality through the government, and white leagues.
Have you ever thought about the Reconstruction period, maybe all of the negatives or positives from it? Reconstruction had different periods such as Emancipation and Reconstruction, Presidential Reconstruction, Radical Reconstruction, and the Compromise of 1877. The era after the Civil War, 1865 – 1877 was called the Reconstruction period. “The Union victory in the Civil War in 1865 may have given some 4 million slaves their freedom, but the process of rebuilding the South during the Reconstruction period (1865-1877) introduced a new set of significant challenges”(History.com Staff). Though human equality was the main goal of the Reconstruction period in the South after the Civil War, it proved to be an attempted compromise that actually created more conflicts.
The New Deal allowed the government to create new programs that either provided relief or recovery, or were a reform for the problems during that time. In the time of an economic crisis, the government should get involved and provide a safety net for Americans. Government involvement is necessary to work towards a resolution, but too much involvement will put too much power in the Government’s hands, which could lead to a government type we do not want in America. During economic busts, the government should use the programs that are currently in place to provide a safety net and support Americans. However, during economic booms Americans should provide for themselves and not be reliant on the government to provide for them.
Executive order is a rule or order issued by the president to an executive branch of the government and having the force of law. Executive Order (EOs) were used since President George Washington but were not mandated to be publicly released until 1900. To date, there have been thirteen thousand eight hundred and seven executive orders. Many argue that these orders are unconstitutional as it gives one-person authority to make changes without consequences and without the consent of Congress. The term executive order is not a principle found within the Constitution. EO is derived from Article II, Section I of the Constitution in which it states, “the executive Power shall be vested in a President of the United States of America”. The term executive power was never defined, leaving it open to the interpretation of each president. That statement coupled with Article II, Section III “he shall take Care that the Laws be faithfully executed” has been the backbone of how presidents have been able to create these orders.
I believe Reconstruction hurt the south more than it was supposed to help. The south was broke and homeless. The money they did have had no value to the United States and homes and schools were burned or damaged during the war. Reconstruction was made to reform the union, change how the south ran things, and to help the newly freed slaves come into society. Lincoln created the Ten Percent Plan. The goal was for the south. To be readmitted into the union, at least ten percent of the voting population had to keep loyalty to the U.S. After the assignation of Lincoln, President Johnson adopted the plan and had to make an agreement with the Radical Republicans in congress that the southern states needed to abolish slavery for good.
Reconstruction was meant to be the rainbow after the storm. However, it just seemed to be another storm. During reconstruction, hate was spread rapidly. With hate groups popping up out of nowhere, racists, ex-confederate soldiers, and people who wanted to hurt those freedmen. In my eyes, reconstruction was unsuccessful. The
Moody’s Credit Ratings and the Subprime Mortgage Meltdown Table of Contents Introduction……………………………………………….3 Background………………………………………………..4-10 Analysis……………………………………………………10-12 Conclusion…………………………………………………12-13 References………………………………………………….14 In the early-2000s, Moody’s, one of the leading credit rating agencies in the world, evaluated thousands of bonds backed by so-called “subprime” residential mortgages—home loans made to those with both low incomes and poor credit scores. When housing prices began to
During the period of reconstruction in the U.S., from 1865-1877, there were plans put in place by Abraham Lincoln, Andrew Johnson, and Congress in hopes of a brighter future. Reconstruction took place after the Civil War occurred in the U.S. from 1861-1865. Abraham Lincoln was the President during the Civil War, and he had plans prepared at the end of his presidency because he sensed that the nation would have to be rebuilt through a reconstruction period. Once he was assassinated in 1865, his successor, Andrew Johnson had his own ideas for the country involving the issue of reconstruction. In addition to those two Presidents, Congress was active throughout the reconstruction era. All of the plans set by Abraham Lincoln, Andrew Johnson,