U.S. Federal Government and Economic Issues Essay

Throughout the lifespan of the American government, there have been changes to the different branches. One cannot simply claim that they are exactly as the Founding Fathers had designed them and pictured them; they have become so much more. Among these changes are the adoption of the 17th Amendment, the general surrender of control of power to the executive branch, and the centralization of power to a couple of congressional leaders in recent years. These are some of the most important changes that have altered the Congress and the American government in general.

In the making of the United States, there were many events that are important. This paper intends to highlight a few of those events including; Magna Carta, Mayflower Compact, Declaration of Independence, Articles of Confederation and the Federalist Papers. Many events in America’s history helped to establish the United States as a free and independent country. The Declaration of Independence in particular explains the rights and freedoms that Americans. Each document is like a stepping stones that leads to the next and building upon the pervious document.

I am here by writing this essay to explain, how these organizations in the United States such as the MADD, LULAC, and NAACP can educate and help our fellow citizens of America change laws that might well need to be changed. As well as explaining the common interest these groups are concerned with.

The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming economy, instead of having an outsized tax cut, we should use the surplus to further pay down the national debt. A tax cut, though most Americans would favor it initially, would prove counter productive. Cutting taxes would over stimulate an already raging economy, and enhance the possibilities of an

Our economy is a machine that is ran by humans. A machine can only be as good as the person who makes it. This makes our economy susceptible to human error. A couple years ago the United States faced one of the greatest financial crisis since the Great Depression, which was the Great Recession. The Great Recession was a severe economic downturn that occurred in 2008 following the burst of the housing market. The government tried passing bills to see if anything would help it from becoming another Great Depression. Trying to aid the government was the Federal Reserve. The Federal Reserve went through a couple strategies in order to help the economy recover. The Federal Reserve provided three major strategies to start moving the economy in a better direction. The first strategy was primarily focused on the central bank’s role of the lender of last resort. The second strategy was meant to provide provision of liquidity directly to borrowers and investors in key credit markets. The last strategy was for the Federal Reserve to expand its open market operations to support the credit markets still working, as well as trying to push long term interest rates down. Since time has passed on since the Great Recession it has been a long road. In this essay we will take a time to reflect on these strategies to see how they helped.

Fiscal responsibility is an important part of stability and the government must focus on maintaining the economic stability. As we all know, Government dept can quickly become a burden on the economy and weaken it. Macroeconomic policies change credibility of the government and strengthen political institutions. It is very important that our economy has credibility and stability because it’s vital to us Americans long term investment decisions that allow the US economy to grow. Government provide stability by ensuring to maintain stability of currency, enforce-defend property rights, and provide oversight that assures private citizens that their transaction partners in marketplaces are

“The outlook for the federal budget has worsened over the past several years, during the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending.” (cbo.gov, 2014) “As a result, budget deficits rose: They totaled $5.6 trillion in those five years, and in four of the five years, they were larger relative to the size of the economy than they had been in any year since 1946. Because of the large deficits, federal debt held by the public soared, nearly doubling during the period. It is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a seven-year period around World War II”. (cbo.gov, 2014)

During the financial crisis, the Fed’s monetary policy and the Treasury’s fiscal policy were both expansionary and thus essentially complementary to each other. Both policies aimed at stimulating the economic activities and stabilizing the credit market and the entire financial system. During the crisis, the inflation rate dropped significantly as the commodity prices plummeted, which freed the Fed from worrying about inflation risk. The foreign investors poured their money into the U.S. Treasury, allowing the U.S. government to borrow at extremely low interest rates. The various actions taken by the Treasury and the Fed served to work together to address the problems which were critical to save the U.S. financial system from collapse and to end the most severe recession since the Great Depression.

The 2008-2010 recession is a period when an economic decline was witnessed in major world markets. The U.S. was among the worst hence pressuring the Federal Reserve to make efforts towards evading further damages. The recession was characterized by a rise in both economic demand and asset prices. Other features of the recession included high cases of unemployment, slumping commodity prices, and a drop of international trade. To avoid a further economic decline, the Federal Reserve implemented various strategies that would help stabilize the nation. In cases of economic imbalances are viewed as the main cause of the recession. In response to the recession’s damages, the Federal Bank had the main task of restoring sanity,

In response to the housing crisis, economic vulnerabilities, and the Great Recession, the U.S. government implemented various fiscal policies aimed at economic stimulation. Consequently, the country’s economic position resulted in a loss of funding by governments at all levels as debt grew (Cebula, 2012). Some fiscal policy efforts by the U.S. government included tax cuts, tax credits, government purchases, and transfers (Auerbach, Gale, & Harris, 2010; Blinder & Zandi, 2010).

The Federal Government uses the monetary policy and fiscal policy to establish and determine the best way to manage the economy. Monetary policy is used by the Federal Reserve to manage the money supply. This includes credit, cash, check, and money market mutual funds, with loans, bonds, and mortgages being the most important. This policy can be broken into two categories: monetary restraint and monetary expansion. As it states, one is trying to restrain the market while the other expresses expanding the market. With control over the money supply, the two categories for monetary policy can manage the inflation of the economy. After this has been complete, the unemployment rate is a second objective that is handled and reduced. Fiscal policy is used as reference to the tax and spending policies, and is handled completely by the Federal Government rather than the independent agency of the Federal Reserve. In comparison to the monetary policy, there is also two sub categories of expansion and restriction. This paper will explain why I believe the monetary restraint policy is the best option for maintaining a stable economy through the use of controlled spending by limiting the access consumers have to money, its reliability in being the solution to a growing problem, and the benefits we see from past occasions. Using the monetary restraint policy will require the Federal Reserve to increase the interest rate nation-wide requiring citizens to decrease spending and borrowing.

Labor and employment laws define US workers' rights and protect s employees from employers' retaliation for exercising our rights under the laws or reporting violations to the proper authorities. As Bennett and Hartman explain, these laws "…seek to make the power relationship between employer and employee one that is fair and equitable" (Employment Law for Business, pg. 88). Employers have to adhere to these basic laws to stay out of court. In this paper I will describe how the federal and state systems of government differ in their application of employment. I will also provide an example of an employment protection that is

The money that lies within the federal level of government is not only what the federal level of government revolves around, but also at the state and local community levels as well. It ultimately takes this American ideal, like Barack Obama talks about in his Democratic Convention speech, that America gives you the ability to make yourself whoever you want to be, and completely distorts it. Money turns the reality of America into being that you can only be whoever you want to be if you born into wealth and were one of the lucky ones in society. The problem with this idea is that those who were born into this unlucky realm; this really poor and unfortunate realm everyday have to face those lucky ones who claim that they are only poor

With the disaster of the recession and the outcome made a drastic drop in the GDP that includes investment, government spending and net exports. Decision making from the government has been a crucial aspect on the recovery of the United States. Through this time expansionary policies were put into effect, interest rates were reduced; tax cuts and breaks were put into place. Individuals received earned income incentives along with an increase in child credit; and corporate taxes that were decreased are just a few examples. Comparing to prior years expansionary policies were higher through our recent recession then before. There is argument whether or not those fixes have made a breakthrough for the economics of the country. Today the economy is slowly making a comeback. As jobs are opening, and housing is getting back on track. The fiscal drag is expected to make a positive impact, federal fiscal movements of contractionary policy is anticipated to continue improving our economy over the next few years. Some downfalls that can appear with fiscal policies are crowding out, time lags, and national debt. First, crowding out when expansionary fiscal policy causes a decrease in planned investments or planned consumption in the private sector. This usually creates a rise in interest rates (Miller 2012). Second, lag phase when the economy is in a decline or increase economically there is information that is gathered before a policy can be implemented. Than we cannot forget the time, it takes once the policy is put into effect to know whether it has made a difference in the economics for the country. Thirdly, national debt when our economy is at a decrease government spending is at an increase. The United States is trillions of dollars in debt borrowing from

To the best of my knowledge, militarization can be interpreted as a state’s search –through its citizens, military, and government- for more power. This is due to the thought that by having power, a state can protect itself from both external and internal enemies. By using a conservative lens, militarization has created the image that power is related to both whiteness –in a historical context as well as currently- and masculinity. The conservative nature of the military (and our nation as a whole) tends to lag behind the social ideals of the general population. This lag has created tensions between citizens and the military; while the citizen views of power has shifted liberally to incorporate sexuality, gender, race, ethnicity, and class, the military has continued to use a conservative lens in an attempt to normalize what defines power.