Food Security Bill: Good politics to deliver bad economics A bill duly tabled in Parliament promises to give legal right to subsidised food to two-thirds of the country’s 1.2 billion population. The ambitious proposal should be seen in the context of India being home to roughly one third of the world’s poor; where over 70 per cent of children are malnourished and about 10 million or more people die of chronic hunger or hunger-related diseases every year. The Food Security Bill‚ the UPA-II’s
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The United States deficit‚ surplus‚ and debt will always have an impact on taxpayers. In the state of high deficit the government seeks ways to cut and save money for debt payment. The government does this by pulling funding from programs that have little government impact. Increasing taxes also supplies the government with extra income. In addition to the reduction or elimination of certain tax credits‚ the government analyzes school funding for cost effectiveness. Each step the government takes
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US Government Spending Throughout the 21st century‚ government spending has experienced many changes that have impacted the federal deficit‚ economic growth‚ and government policies. The United States government spending includes expenses such as pensions‚ health care‚ education‚ defense‚ welfare‚ protection‚ transportation‚ interest‚ and others. All of these expenses have increased over the last decade‚ while the government’s revenue has remained constant. The discrepancy between the government
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Taxpayers Our country’s budget deficits‚ surpluses and debt‚ affect every American and it is the government’s responsibility to set fiscal policies whose goals are to influence these situations by changing tax rates and government spending when necessary. Cuts and increases in government spending greatly impact American households who might depend on governmental programs such as those that supplement healthcare‚ elder care‚ and education. When there is a deficit‚ there is a low supply of money
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Introduction: The current article “IMF programs: Who is chosen and what are the effects?” by Robert J. Barro‚ Jong-Wha Lee talks about the lending policies and practices of IMF which responds to economic conditions but are also sensitive to political-economy variables. Paper says that all developing countries have received IMF financial support at least once since 1970 with few exceptions including Botswana‚ Iraq‚ Malaysia‚ and Kuwait (Robert J. Barro‚ Jong-Wha‚ 2005) but the real question is
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national saving equals $100‚000‚ net taxes equal 100‚000 and government expenditure equals 25‚000‚ what is private saving? An increase in the government budget deficit________. If the country is an international borrower‚ the government budget deficit ______. Increase the country’s demand for lonable funds‚ increase‚ decrease If the nominal interest rate is 11 percent and the inflation rate is 9 percent‚ 2 percent The supply of loanable funds curve is SLF and the demand for loanable funds
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question. 1 Budget deficits The recent world recession has resulted in an increased government budget deficit in many European countries. Fig. 1 shows budget deficits and economic growth rates for 2010 together with expected economic growth for 2011 for selected countries. Fig. 1 UK budget deficit % of GDP economic growth rates 2.1% 10.4% 1.2% 5.0% 2011 2010 1.2% 2010 1.6% budget deficit % of GDP Germany economic growth rates 2010 2010 2011 budget deficit % of GDP Portugal economic
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The Great Debt Shift from 2000 to 2012 The United States is facing a structural budget deficit in recent years. The fiscal situation has an increasingly dire and unsustainable outlook over the next 10 years and beyond. However‚ looking back ten years before‚ when George Bush took office at the beginning of 2001‚ the federal government was running a substantial budget surplus and projected rising surpluses. Here comes to a question: how did federal government get into this fiscal mess. My paper
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Greek government revised its deficit from a prediction of 3.7% in early 2009 and 6% in September 2009‚ to 12.7% of gross domestic product (GDP).[64][65] In early 2010‚ it was revealed that successive Greek governments had been found to have consistently and deliberately misreported the country’s official economic statistics to keep within the monetary union guidelines.[66][67] This had enabled Greek governments to spend beyond their means‚ while hiding the actual deficit from the EU overseers.[68]
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Summary This paper is based on my analysis of the work “A Report on Life in the United States: Social Classes in Modern America; Conditions and Quality of Life in the USA and the Future Prospects for the American Society and Economy‚ A Strategic Think Piece by Robert J Weishan‚ PhD. The intent of this paper is to explore future prospects for American society and the US economy. To frame the analysis‚ I will investigate the concept of SWOT‚ Strength‚ Weakness‚ Opportunities and Threats‚ in the American
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