The Economics Behind American Government

Government, or societies perception of it, is kind of an abstract concept. The world is constantly changing, so what a society expects of it’s government is fluid as well. The problem with this concept is that governmental systems are very hard to change, and whatever change that is necessary ends up being very hard to achieve. That’s the beauty of most governmental systems, they have been being used since the days of ancient Greece and Rome, but merely slightly adapted to fit each different countries needs. Everyone knows basically how government works, but no one knows well enough to ask questions, except for those in power who will be answering said questions. The expectations of government have changed so much, but the system itself has

This paper relates to what I have learned in the Macroeconomics class. For this final term paper; I will write about the U.S. federal government operations and how government leaders handle macroeconomic issues in our economy. We will discuss a couple of current economic issues and what the federal government is doing to reach solutions. I will also address U.S. unemployment issues, international trade, fiscal and monetary policies, and methods of alternative energy, along with the Federal Reserve’s role to confidently curb recession and avoid inflation The U.S. federal government is actively involved in assuring national security through counterterrorism techniques. They perform strategic planning to give surety of macroeconomic financial

The US economy, as anybody would expect, has gone through its ups and downs. Some believe that our new president has a brilliant plan to create a phenomenal economy for our country. Others believe that his economic policy will take our country to the worst state it has ever been. Throughout our history, various styles of economic policy have been commonly believed. In the early 1900’s most economists believed in “classical” economics, this is the idea that the economy will work better when the government is more hands off. This can be thought of as the purest form of capitalism that has been attempted. In the late 1940’s, most US economists began to follow “Keynesian” economics. This form of

In 2015 the American Federal Government received 3.176 trillion dollars in taxes (‘whitehouse.gov’, 2015). In the same fiscal year, the American Federal Government spent 3.759 trillion dollars. Those trillions were collected by its Internal Revenue Service which is governed by Internal Revenue Code. The Internal Revenue Code is 74,608 pages long. For comparison the New American Edition of the Holy Bible is 1,900 pages. American taxpayers don’t want tax professionals; American taxpayers need tax professionals who specialize in navigating the current labyrinth that is the IRC. Americans are obligated to pay for the services the government provides. There’s an old saying about “a fool and his money”. Americans may be some the most charitable people in history, but they would be foolish not to protect themselves from overpaying taxes. It is virtuous to attempt to save the wealth one has generated in ones lifetime in order to secure prosperity for their families and posterity.

Aristotle once said that “Man is by nature a political animal.” What could he have possibly meant? Well, if there is anything that a student who had taken Politics 135, at Northern Virginia Community College with Professor Smith, knows it is that people like two things-- money and power. However, money and power was not always the answer, back in the 1780’s it was definitely not the answer. Over two hundred years ago our, America’s, economy and political systems were nothing compared to what they are today. From Federalists against Democratic Republicans to Democrats against Republicans, America has raised its citizens in complicated homes of various political parties.

The United States has changed over time making the American citizens question what power of government they are being ruled under. The changes this country has gone through can show the development of the different government powers. The main three government powers: oligarchy, democracy, and plutocracy. The basic definition of an oligarchy is when a small group, or a few people, has control over a country or organization. Democracy is when the power is vested within the people through elected representatives, the people having voting rights. Plutocracy is similar to oligarchy, but it is when the wealthy is in control. The top 1% not only reflects with oligarchy, but with plutocracy as well. American citizens have questioned all three in the

One thing all economists do agree on is that income and revenues to spend on resources are scarce. Using particular economic resources for one purpose makes it so that they are not available for another. This may seem like a logical standpoint, but it is one aspect of having scarce resources effecting public policy. Businesses and individuals alike understand the danger o scarce resources and revenues. In terms of individuals, the choice is between consumption and investment whereas for a business it is between capital gains and labor. The public sector has to, for instance, choose between what is done with taxes and spending. Some revenues will need to be raised in order to finance the government, but the real question comes from where those funds come from. The way the government or public sector deals with this is through the type of decision-making that takes place though budgetary processes conducted by the CBO.

Studying American Government subject is not boring as I had thought before taking this class. Whereas, I have had a great experience in this course in which I have been able to explore the workings of American Government system.

What does “securing the blessings of liberty” mean exactly? It means to keep all that liberty conveys such as physically, expressive, or economic and to maintain it for kids, grandkids, and the future offspring. What is the role of government? They are a collection of people who sway and make resolutions for a state and even a country also. The Government is made up of three branches such as the Legislative branch, Executive branch, and lastly the Judicial branch. The Legislative branch is accountable for creating the rules and also has the senate. The senate’s job is basically to write and vote on new laws called “bills.” Legislative also has the House of Representatives which creates and passes state laws. The second branch Executive is responsible for carrying out the laws. The Legislative branch contains the Vice President and even the cabinet as well. The Vice President Job is ruling over the Senate, and voting in the Senate if there is a tie. His other duty is taking office of presidency if the President passes away. The cabinet is a group of our president’s top advisors which 15 main executive departments such as Department of Agriculture, Department of Labor, and so on. Finally, Judicial analyze the laws and it consists of the Supreme Court. The Supreme Court’s job is decided whether the law or executive order made the president is

China is one of the strongest and fastest growing countries in the world. It currently tops the United States when it comes to reserves, economy and the job market. But a few positive points doesn’t take away from the fact that that United states currently exists as the world’s one and only superpower. Their stabilities don’t amass to the distribution of wealth, political and corporal power that the U.S wields. There is no other nation that comes close to being recognized as hegemony. Looking through history, economic powers and impact of nuclear weapons it is hard to imagine such war ever occurring. Experts have attempted to understand and determine if a war of this measure is possible. In my opinion war is simply not in the best interest of both nations. China and The United states rely on each other for their economy, trade, and as allies. If all factual evidence is accurate, that leads me to believe that they work best together.

The political economy of the United States of America is at a crossroads. Mired in legislative gridlock due to the polarization of political parties, struggling to fully recover from the global recession brought on by the collapse of the financial industry, and lagging in comparison to some of our peers in respect to education standards and social welfare policies, many have begun to predict the decline of America and have declared the model of classical liberal capitalism defunct.

1986 was a pivotal year for the political economy of North America. During that year, some significant events took place that resulted to the beginning of a new era. In Mexico, a new political leader exerted the country towards entering the General Agreement on Tariffs and Trade. Mexico made an alliance with the United States that would ultimately create a free trade zone stretching from Central America all the way to the North Pole. Rather than incorporating the movement of workers of North America into the alliance, the United States insisted on controlling its borders unilaterally in order to prevent the integration of its labor markets. This event lead to Congress passing the Immigration Reform and Control Act. Many of the immigrants entered America in search for work and a better life. As the immigration population increased, American citizens began to worry about the economy and their jobs, safety, and their health.

As the United States and wider world went into a recession at the end of 2007, also known as the Great Recession, political leaders were forced to consider what economic policies would bring stability to their nations. Two great scholars have contributed important theories to the discipline of macroeconomics, encouraging different policies to combat recessions. Friedrich Hayek is one economic theorist who argues for minimal government intervention during periods of recession. In contrast, John Maynard Keynes argues that increased government spending will entice citizens

Throughout this five week class I have learned a lot regarding macroeconomics. One important topic that I have learned about and evaluated is the topic of increasing government spending to fight recession. I believe this is a good idea and I stand for it. I feel this way because it means that while we are in a recession, the government can try and increase employment and stimulate the economy with several forms of fiscal tools. To start you have to decide where recession is most significant. For example it could be on our trade partners, business incentives, or federal spending cuts. There could be more than one of those things that the country may be slacking on and there could be many options on how to fix the problems. Which leads us to

North and South Carolina and Virginia all kinds of jewelry was imported in exchange for snuff, rice, etc.