Many contend that deficit reduction is imperative to our prosperity and economic recovery. The deficit is blamed for a variety of economic ills including high interest rates, unemployment, the trade deficit, the low rate of national saving and low productivity growth (Shaviro, 1997).
Many argue that the most powerful branch in government is the Executive Branch. The President is considered as the most influential and the most important position in the U.S. government. However, the powers granted to Presidents and the prerogative they have exerted are not listed in the Constitution but instead have been adapted and expanded upon by each President. Although the Constitution does not define the powers of the President, it has defined Presidential powers in terms of peace, war, and emergency. A recent expansion of Presidential power, exerted by Bush and then Obama was this “War on Terror (WOT)”. President Barack Obama and his predecessor President George W. Bush have both expanded the powers of the President through the
Hail to The Chief! As a new President takes office, it is the inauguration address that marks the beginning of their term. This formal speech marks the first time the President lays out his intentions as the leader of the country. The inaugural addresses often make promises to address the nations concerns and issues. Usually the addresses that have the greatest impact, are the ones most remembered. Consider President Franklin D. Roosevelt and President Barrack Obama, both of these Presidents gave strong inauguration addresses, however it was Roosevelt’s words that seemed more realistic, and ultimately had a greater impact for the American public.
After eight years of Obama doctrine, is it time to ‘make America great again’? Since the end of the Second World War the United States has arguably been considered the greatest country in the world. The supposed leader of the free world, strongest and most powerful country in the world. The definition that the United States is the ‘greatest country’ in the world is open to discussion and can be compared at many different levels, however, for the purpose of this essay, the term ‘greatness’ is measured by its economic prowess and its hard power. The term ‘hard power’ is defined as ‘a coercive approach to international political relation, especially one that involves the use of military power’. After eight years of Obama doctrine, is it time to make America great again” must be broken down into two parts. What is Obama Doctrine, does it exist and then compare his Doctrine also tackle the quote of ‘making America great again’. This essay will argue that Obama Doctrine does exist and is linked to his foreign and domestic policies. It will also argue that America is still great but for different reasons. It will provide evidence that with the Obama doctrine it has moved from the historic use of hard power to a soft power footing. ‘Soft power” is defined as ‘a persuasive approach to international relations, typically involving the use of economical or cultural influence’. However, even with this switch in posture, the United States has remained great. Albeit for
The Reconstructive Obama It is ambiguous as to how President Barrack Obama shapes our politics in terms of our political regime, but it can be determined through the present outcomes of his leadership today. In The Politics Presidents Make, by Stephen Skowronek, describes that there is a life-cycle of inaugurated presidents through the history of the United States. A political regime is defined as a full cycle of presidents that induce change in our politics until it is repeated again. Through this, it is possible to determine where President Obama would stand in our political time. Skowronek also mentions four leadership categories in which past presidents are placed in: politics of reconstruction, politics of disjunction, politics of
Deficit spending will occur when the government or even a business spends more money that what it makes in revenue (“Governmental Deficit Spending,” n.d.). It seems like this technique would only have to be used every once in a while. However, deficit spending is a fairly common practice by the government and many businesses, but could spell doom if there is failure to plan accordingly when paying off the debt (“Governmental Deficit Spending,” n.d.). For the government, it is used as an instrument to stimulate economic growth while asserting it still has some type of financial stability (“Governmental Deficit Spending,” n.d.). There are great advantages the government can claim as being beneficial for the economy when practicing deficit spending.
George W Bush’s presidency can be associated with an infamous term that stood out from the State of the Union address, that term being ‘Axis of Evil’. In this context, Bush categorised the countries of Iran, Iraq and North Korea as being ‘evil’ states. This neoconservative comment left little doubt as to what Bush’s foreign policy towards these states was going be (Baxter and Akbarzadeh, 2008). This comment would then define George W Bush’s presidency, due to the controversy over this phrase and the results that it would have on US foreign policy as “rarely had such a rhetorical device had such devastating consequences” (Ansari, 2006:186). This paper will argue how the use of the word ‘evil’, and the categorisation of these ‘evil’ countries, had a large impact on US-Iran relations.
The historical federal spending of the government has already done significant damage to America; spending habits have increased the federal budget deficit at alarming rates adding $2.7 trillion to the national debt in two years, $1.4 trillion in the 2009 fiscal year and $1.3 trillion in 2010. (Montgomery) These
Barrack Obama’s tenure as President of the United States is coming to a close and voters should understand how to gather reliable information on new candidates, such as Jeb Bush. Even though paying attention to all four major types of media platforms; digital, legacy, a candidates’ own media, and social media, creates a sound informative opinion on Republican Presidential hopeful Jeb Bush, digital media provides voters with the most holistic view. The benefits of digital media, throughout the week of September 15th through the 22nd, created an opportunity to construct a different point of view on Bush and what he stands for.
A key issue during the 2008 presidential campaign and Obama’s administration was interest groups and lobbyists. Obama had to deal with interest groups all throughout his presidency, whether it was dealing with Congress or his interaction with committees. Over time interest groups have taken on a larger and more important role in government. The interaction between interest groups and Obama played an influential role in shaping his presidency.
For nearly 150 years the U.S. government managed to keep a balanced budget. The only time a budget deficit existed during these years was in times of war or other catastrophic events. For instance, the government created deficits during the War of 1812, the recession of 1837, the Civil War, the depression of the 1890s, and World War I. However, once each incident ended the deficit would be eliminated. The economy was much stronger than the accumulated debt and would therefore quickly absorb it. The last time the budget ran a surplus was in 1969 during Nixon's presidency. Budget deficits have grown larger and more frequent in the last half-century. In the 1980s they soared to record levels. The government cut income tax rates, greatly increased defense spending, and didn't cut domestic spending enough to make up the difference. The deep recession of the early 1980s reduced revenues, raising the deficit and forcing the Government to spend much more on paying interest for the national debt at a time when interest rates were high. As a result, the national debt grew exponentially in size after 1980. It grew from $709 billion to $3.3 trillion in
The underlying truth of deficit spending is the same whether it is used in finance, economics or government that the more is spent, the less income is made (Buzzle, 2014). Many economists argue that deficit spending will hinder economic growth while others disagree. Deficit spending has been the topic of debate for a very long time. Deficit spending is “when government's expenditures exceed its revenues, causing or deepening a deficit. This excess spending needs to be financed through borrowing, likely from foreign governments. The increased government spending can help stimulate the economy as more money flows in, but the jump in borrowing can have an adverse effect of raising interest rates” (Investopedia, 2013). In simpler terms, deficit spending is when a governing body of a nation needs to borrow money from other nations due to the nation being in a recession. Governments borrowed against future revenues so that they are able to finance domestic welfare spending before the twentieth
Barack Obama and George W. Bush, perhaps two of the most polarizing presidents in United States history. Their times as presidents epitomize the pendulum of political parties in our country, swinging back back between conservatives and liberals.Their legacies as presidents have helped define the political culture of the 21st centuries,
Tyler Derby Ms. Dancy AP Macroeconomics 9 January 2015 Analysis of the Federal Deficit and Deficit Spending in General Rationale: 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
After December 26 1991, when the Soviet Union fell, the bipolarity of the international system was effaced. In the post- Cold War era, the United States faced the problem, without a defined enemy, to adopt a new foreign policy. To begin to analyze the political foreign policy of the United States, one must first understand the international system. According to Political Realism, a theory of international thought, the state is the key unit within the acts within the system. These states act according to their key norms, which are allowed by the system. However, these sates are also affected the domestic and external factors which control how they act. The domestic factors include political culture, their economic system, the leadership