Wall Street Journal Project

There is a widespread concern about rising levels of debt. Debt can become disastrous for those who live alone or those families who are already having problems with supporting their family. The people who might be struck by debt, they might have trouble recovering. Debt can cause Americans to lose their homes and stability they need to feed, and shelter their families. Although debt comes upon us Americans quickly, people can see debt as terrible thing to be stuck with. It has many disadvantages that can devastate to people.

As the future approaches, automation and technology are quickly evolving and diminishing the amount of jobs available for Americans. American work-life has evolved drastically over the years. Certain jobs are being replaced by drones and robots, leaving many Americans unemployed. It has caused a slight shift in how we work. However, the continuation of work is still alive. In the article “A World Without Work,” (2015) the author Derek Thompson expresses how people are losing their jobs. Nevertheless, they’re using their hobbies and talents to generate money. Someone might sell their poetry and written work when they have lost their job generating income while also fostering creativity. President Nixon’s “Address to The Nation on Labor

The recent clash between the president and congress about raising the debt ceiling made the front page on every newspaper throughout the country and generated controversy of unimaginable proportion among the citizens of the United States of America (College for Financial Planning). No macroeconomics issue is more controversial today than the impact of large public debt on the economy and on future generations, but, however, there appears to be a huge disconnect between professional, political leaders, and the ordinary public about the national debt and its impact on the current and future

Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.

“Ten Trillion and Counting,” presented by Frontline provides quite a picture of America’s national debt as it surpasses the trillion dollar mark. They ponder the financial well being of current and future retirees while also exposing on how America got into this mess, and what the Obama administration plans to do during his term. America is able to close the gap year to year in its national budget by selling bonds and T-bills. Foreigner countries who continually purchase these obligations are beginning to grow. Much like the Bush administration, the Obama administration has started borrowing big with plans to cut the budget years down the road. It is clear for anyone to see that this borrowing and the future promises of cutting cannot go

Some has likened the United States current debt problems as the “Titanic.” A foreboding doom that will affect every citizen in America. One may ask about where and who this problem started with, one will probably obtain different answers. Currently, the United States credit is maxed out and credit rating could be affected even if payments continues to be made. It has also been said by the president that even Social Security and Medicare recipients may not obtain their money if the two August deadline is not met to raise the debt ceiling. Tough choices

Our nation faces many problems, and has for many years. Today’s generations, and especially the mainstream media, seem most concerned with social issues such as abortion and same sex marriage. While these issues are important, our economic situation should receive more urgent attention. Americans are desperate for better days, but lack a meaningful understanding of how our financial system works. Almost 100 years ago, the creation of the Federal Reserve Banking System was instated. One could argue that this system is the base of why we are 18 trillion dollars in debt, and rising. The Federal Reserve Banking System has contributed

According to an article written by Sam Kennedy (Kennedy, 2014), the Lehigh Valley lost jobs this past February for the first time in about four years. This pushed some long-term unemployed persons and

We hear about the debt almost every day: news talks about it, politicians argue about it, even President Obama gives speeches on it. So what is the significance behind it? In this article I am going to explain briefly what the national debt is, how big it is, and what it has to do with us.

Did you know that the government of the United States is 19.5 Trillion dollars in Federal debt? That’s an estimate of $55,700 of Federal debt for each man, woman and child in the country. Now because kids don’t pay taxes, the number is even higher, around $60,000 or more. But, what is it then that makes men, corporations and even entire nations to fall into this wretched hole called debt. That is what I will try explain some of the mistakes we commit the lead us into what seems an everlasting debt. I will look into a small amount of degree of some of the actions that get people into debt, such as credit cards and student loans.

With the United Stated national debt being over $19 trillion dollars, many Americans are worried about the country’s long-term debt problems. In order to make this national deficit, the government needs to operate with a budget plan. For the past 10 years, the federal government’s budget has continually operated as a loss. As the money continues to grow over time, the United States goes deeper and deeper into debt. Our current way of trying to grow our economy out of debt is not working.

In this article the main topic is that the official total for the United States federal debt stands at $13.6 trillion. But this is only a small portion of the nation’s debt—the true figures are beyond stunning. According to the article these are “unfunded liabilities,” which in government terms refers to any program or expense that requires it to pay, but either does not bring in any money or enough to cover expenses. In the example of Medicare, the unfunded liability is the difference between the benefits promised to current and future recipients and what will be collected in taxes and Medicare premiums. Moreover, this article states that the financial problems

Ever since the Recession of 2008, the process of acquiring employment has become extremely challenging and exhausting. After months of searching, a significant amount of job seekers are willing to accept any job offers that will allow them to put food on the tables. If you follow the United States’ economic recovery, you probably know that there are about 10.5 million unemployed Americans and constant debates about how to create more jobs. What you may not know is that there are actually four million open jobs waiting to be filled. So how is it possible and who is there to blame?

He laments the loss of thousands of jobs and foretells of an economic collapse as jobs grow stagnant. Berman predicted, correctly, that low skilled jobs would never return in demand, and that the economic security of all low skilled workers was at risk. And that high skilled jobs would become the new standard. We are rapidly approaching a time in which an average worker is an unemployed worker. A vast array of skillsets and creativity will become the new base requirements for even the most minimalistic of

We are entering a new phase in world history - one in which fewer and fewer and fewer workers will be needed to produce the goods and services for the global population...For the whole of the modern era, people's worth has been measured by the market value of their labour...now new ways of defining human worth and social relationships will need to be explored (Rifkin 1996). Life has changed, globalisation and feminism have had a huge impact on the work environment around the world. Technology has also made many jobs redundant. Unemployment has become an issue all