The Financial Balancing Act

The Great Depression was a severe economic slump down that took place between 1929 and 1939 (Sauert, 2010). Observers reckon that this historical event was the longest, demeaning, and most widespread recession. The resultant widespread economic hardship hit Europe, North America, and other industrialized economies (Olson, 2001). Also, in the 21st century, the international community has experienced yet another crisis, the Global Financial Crisis, which the observers of the global economic fora have similarly compared and contrasted with the Great Depression. The Global Financial Crisis offered itself as a case scenario that epitomes how deep the economy of the world can decline to abysmal levels.

The congress decided to pursue the idea of limiting the power of government through check and balances. This system is written in our Constitution. The ideal principles of making laws, enforcing and interpreting laws should be independent and efficient in limiting each other’s power. The two houses of congress provide limitations on each other.

Balanced scorecard is a set of measures, which give the complete view of any business performance. Kaplan and Norton (1995) explained balanced scorecard in following words:

Health care costs have been a contributor of America’s long-term fiscal imbalance. In 2015, total health care expenditures accounted for 17.8% of the U.S. economy (Center for Medicare & Medicaid Services, [CMS], n.d.). And of that 17.8%, 50% accounted for government spending. This conflicts with our notion of a predominantly private financing system of health care in the United States (Himmelstein & Woolhandler, 2016; Kolata, 2012). Moreover, two often overlooked tax-funded health expenditures—tax subsidies to health care (10.1% of total spending) and government payments for public employee’s private health insurance coverage (6.4% of total spending)—together, put the U.S. in first place for health care taxes. Yet, many patients are

Many investors believe that this means the United States will have problems repaying these loans in the future and will cause many economic problems in the future. The debt accumulated this much because of deficits in the national budget. These can be caused by new programs to help citizens or help the US economy. Tax cuts, military spending, and the economic stimulus package caused this national debt to skyrocket. On the USdebtclock.org website it shows our largest budget items are Medicare/Medicaid at $1 Trillion, Social Security at $886 Billion, defense/war at $583 Billion, income security at $303 Billion, net interest on debt at $224 Billion, and Federal pensions at $255 Billion.(usdebtclock1) These debts are large and spending on some of these programs must be cut.

This article analyzes the underlying causes of the current crisis, estimates how bad the crisis is likely to be, and discusses the government economic policies pursued so far (by both the

At the beginning of his article, he writes about the global economy in the midst of a “second banking crisis” (Skidelsky 2012, p. 7). He believes that in order for the economy to become balanced there needs to be an overarching power that is in control of the global economy. Such as the Keynesian theory

The federal government’s debt is the total value of all outstanding government bonds and the accumulation of past deficits. Before the federal government had assumed the liabilities of CMHC which was $236,708 million dollars as of September 30, 2015 and the liabilities of commercial banks, growth in Canada’s Gross Domestic Product (GDP) had been forecasted to be low due to continual fall in oil prices in the last six months which has lead to a significant depreciation in the value of the Canadian dollar and considerable declines in the federal government revenue.

The balance between National security and civil liberties has been an issue ever since September 11th 2001. That act of terror was the beginning of the Government changing laws and civil liberties for the protection of the United States against act of terrors. Many people think that the Government is going way too far and others believe that we are doing the right thing to keep us safe. In all honesty I see a huge fluctuation in decisions as the years go by. “In a poll conducted in 2011, shortly before the 10th anniversary of 9/11, 40% said that “in order to curb terrorism in this country it will be necessary for the average person to give up some civil liberties,” while 54% said it would not. A decade earlier, in the aftermath of 9/11 and

The United States has always funded the opportunistic financial well-being of its citizens. There has never been a financial crisis worse than that of the Great Depression until the 2008 financial crisis. Even though times were much tougher within the 20’s than that of the late 2000’s, policies were much different, condensing the absence of hope of happiness. There is always room for improvement among any economic standpoint of the ladder, but sometimes it’s just very hard to make some. Times are always tough and people functioning as a society always focus upon the short term involvements of the stock(s), but never seem to concentrate on the long run. However, with mistakes come lessons learned and improvements to economic ventures. Both the 2008 financial crisis and the Great Depression has taught us many things about our own markets and budget capabilities. Upon coincidental financial crises, times and polices were much different, but the reasoning upon the doubt can and will alter the course of economic futures and endeavors.

Just after ten years of Asian financial crisis, another major financial crisis now concern for all developed and some developing countries is “Global Financial Crisis 2008.” It is beginning with the bankruptcy of Lehman Brothers on Sunday, September 14, 2008 and spread like a flood. At first U.S banking sector fall in a great liquidity crisis and simultaneously around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. (Global issue)

“Ultimately, market participants themselves must address the fundamental sources of financial strains – through deleveraging, raising new capital and improving risk management.”1 – Ben Bernanke

In order to prevent the current crisis from deepening, immediate actions are required from the major industrial countries and from the international community. There is evidence that the world economy is experiencing a major slowdown, which may deepen if inadequately managed. For example, Japan is in its worst recession since the war, much of East and South-East Asia is in depression, Russia is experiencing a major downturn, growth has stalled in Latin America, and the prices of primary commodities and a number of manufactures are falling in international markets. Authorities in the industrial countries must nonetheless continue to be alert. Several downside risks still remain, and current policies may prove insufficient to prevent the world economy from slipping into recession. Expansionary fiscal policies may be required in other industrial economies, in addition to Japan. It is also crucial that the rules of an open international trading system should operate smoothly, allowing the economies that face adjustment to reduce their deficits or generate trade surpluses with the more vigorous industrial economies.

This essay will discuss the Ben Bernanke’s “global saving glut” view of global imbalances, the causes related to it, the possible policies applicable and its extent of reliability in comparison to other views, such as the Borio and Disyatat’s “excess elasticity” one.

Money is a frequent source of conflict in marriage. While it can bring great opportunities, marriage can also bring stress and strain if couples do not approach their finances and priorities realistically. Working as partners is important to resolve the issues of finances and they can have a healthier relationship. Financial issues may result from one spouse be saver and one spouse being a spender, no budget planning or the opposite there is a budget, but it may be too strict. Unresolved conflict in finances can lead to divorce; the couple are unable to talk about their finances and repair the damage to the marriage. Results from a recent interview by the author with a couple reveal their relationship struggle with financial conflict. For this research paper, the writer choose to discuss financial conflict. In conclusion, the writer will provide statistic data, description of financial issues, techniques to help the couple, Biblical insights and homework.