The Debt Ceiling: Why it Hurts America In 1917‚ the United States Congress applied the concept of a "debt ceiling". Prior to 1917‚ Congress had to directly authorize the amount of each borrowing. The debt ceiling was put in place to provide more flexibility to finance the US involvement in World War I. After the application of the debt ceiling‚ the United States Treasury could borrow any amount needed as long as it keeps the total at or below the authorized ceiling. I believe a debt ceiling is
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Drew Burgelin AP English Language 17 October 2012 Reducing the National Debt With the 2012 Presidential Election getting closer‚ we are seeing candidates’ plans to solve our national debt of roughly 16 trillion dollars. With our country’s debt increasing by 4 billion dollars a day‚ we desperately need a miracle in the form of an effective debt reduction plan. With Obama struggling to fulfill this task‚ many people have been coming up with their own ways of solving this crisis. For‚ at this rate
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Effect of domestic sewage pollution Domestic sewage pollution is the pollution caused to the earth by domestic use. It contain of sewage originating primarily from kitchen‚bathroom‚ and laundry sources and also waste from food preparation‚ dishwashing‚ garbage‚ toilets‚ baths‚ showers‚ and sinks. Sewage is the term used for wastewater that often contains faeces‚ urine and laundry waste. Sewage disposal is a major problem in developing countries as many people in these areas don’t have access to
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(Vietnam War). Communism had taken effect in parts of Vietnam‚ and the United States feared that allowing Vietnam to become a communist nation would create a Domino Effect‚ resulting in every nation becoming communist. So in order to stop communism‚ President Johnson sent in troops to North Vietnam in March of 1965 (Vietnam War). But what Johnson failed to anticipate was the antiwar and peace movements that this would create back home in the US. Johnson’s failure to inform US citizens about their commitment
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Cause and Effect of Domestic Violence 1 Each year in the United States‚ an estimated two-to-four million women experience serious abuse from a male partner and thousands are killed. As many as one-in-three adult women is abused by an intimate during her lifetime. While only 5% of all annual violence against men is by a partner‚ 28% of all annual violence to women is by an intimate and 70% of intimate murder victims are women. Domestic violence is one of the major causes for emergency room
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The U.S was not justifiable for bombing Hiroshima and Nagasaki. There are many reasons why the U.S should not have bombed Hiroshima. Many of them were originated from the survivors of the Hiroshima as we learn their horror stories many years later. “13 year old Yoshitaka Kawamoto was 0.8 kilometers away from the hypocenter ( the placed where the atomic bomb was dropped). His whole school building exploded‚ burying him in debris”. He had to push past flames‚ other people grabbing his legs‚ and witnessing
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United States government faces mounting debts that crowd out private investing and cost the American tax payer $234 billion this year. The Congressional Budget Office expects the debt to grow to $1.7 trillion by the end of the year and increase as boomers begin to receive Social Security and Medicare1. While spending wisely through investments in capital raise the nation’s gross domestic product over and reduce unemployment‚ the practice of running deficits in all phases of the business cycles is
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The automotive industry is compassed to six different manufacturers‚ General Motors‚ Ford‚ Toyota‚ Honda‚ Volkswagen and DaimlerChrylser. All six of these companies operate in the global competitive market place. Globalization in the automotive industry has moved fast or accelerated during the late 1990’s‚ because of the building of the important overseas companies and all the mergers between the companies. The specialists would to have indicated that the expansion of the foreign commerce in the
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I. Food Manufacturing Industry in Philippines Food manufacturing‚ which includes food and beverage processing‚ remains the Philippines most dominant primary industry. The industry is worth a gross added value of more than $2 billion and grew by 3.2 percent. The Philippines Bureau of Food and Drugs Statistical Report of Establishments lists a total number of 11601 food processing establishments nationwide. Most of the companies are owned by a single proprietor that is common among micro‚ cottage
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more to trade union demands. The government deficit will widen this year‚ but should resume a downward path in 2002. Economic growth will slow in 2001 and 2002‚ to 2.6% and 2.5% respectively‚ with the 2000 export boom running out of steam‚ but domestic demand‚ notably private consumption‚ strengthening. Inflation is forecast to fall to 1.8% on average in 2001 and 1.6% in 2002. The current-account deficit widened in 2000 but should return to surplus in 2002. Key changes from last month Political
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