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US Debt Crisis (Example)

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 Name: Professor: Course: Date: Topic: US Debt Crisis Causes to the US federal government debt The reasons that led to the United States Debt crisis include the following; • Healthcare programs: it is evident that an amount of nine hundred and forty billion USD was put aside to the benefits of the healthcare programs which entail the Medicaid and Medicare benefits program (Petrson 78). • Security social program: the program aims at providing financial security to those individuals who have retired at the age of sixty five and above. The reason of such government spending is to ensure that they are above the poverty line. It is evident that the government spent an amount of eight hundred and eighty two billion USD in the year 2013 (Petrson 78). • Budget expenses of to work in the private sector. In addition there is a need for the middle class to get the high paying jobs so that they can be in a better position of paying taxes. If they are able to pay taxes then the government will be able to receive more incomes and that will be one way of solving the debt crisis that is affecting the nation. The idea of increasing jobs is also good since it will minimize the number of people who are depending on the government and thus reducing its spending (Reinhart and Kenneth 67). Works cited Peterson E. The Global Debt Crisis: Haunting U.s. and European Federalism. 2013. Print. Reinhart M. and Kenneth S.. From financial crash to debt crisis. No. w15795. National Bureau of Economic Research 2010. [...]

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Learning Objectives and Outcomes Explain and examine the cause and solutions to the US federal government debt. Assignment Requirements Present and explain your solution to the US Debt Crisis Thoroughly explain the background and the necessity of the policy. Use economic analysis to examine the economic impact on the individuals, companies and the entire economy as whole. You may also research for example of the impact on the above stakeholders. Submit graphical representation if necessary. Required Resources Textbook

Subject Area: Economics

Document Type: Reports

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Project's rating is 5/5

Price $15

Words 275

Pages 1

Completed in 4 days

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