This website uses cookies to ensure you have the best experience. Learn more

The Economics Of Super Congress Essay

1248 words - 5 pages

Ah the Super Congress, it is the last thing you would think of if asking the question what is a congressional committee. One has to wonder what people who make a run for Congress are really thinking. One also has to wonder about the sanity of a government who would appoint six individuals with nary an economics degree among them to decide the financial future of over 300 million people. That is exactly what this so-called Super Congress was appointed to do. Do they have a clue?

If you take a close look at some of the jokers we have in Congress right now you would wonder how they even learned how to run for Congress nonetheless figure out how to do their job of representing the people ...view middle of the document...

It is glaringly obvious that some form of ideological decision was made by S&P that has little to do with economic reality considering that the two other credit agencies have declared they will wait until after the 2012 elections and on into 2013 before making any long-term decisions on American credit worthiness. Despite all the volatile trading on the stock market during the second week of August 2011 very little has really changed concerning the real worth of both America and its potential productive capacity. All the money gained and lost on the trading floor is nothing more than paper. Phantom money that only exists because of an economic trading platform that is highly manipulatable and suffers ups and downs due to the volatile emotional states of trade.

Then you have the gold bugs. Those people who think that we must return to a gold standard to ensure that our economy does not go sinking down the of fiat currency toilet. Let me make this quite clear. The reason fiat currency declines in value are the cause of the decline in trust of the government who issues it. It is quite easy to see why the value of the dollar has declined over the past decade considering the individuals who have been elected to be the leaders of America as well of the actions they have taken. Continuous wars, disregard for the wishes of foreign nation states, unhinged spending on endeavors that have no real benefit to the national economy, foreign trade deregulation that allows massive trade deficits, no protection for labor or primary productive capacity. It is easy to see why the value of America's currency has gone down. If the public's trust that elected leaders will do the right thing for the country does not go up than the fiat currency of America is headed down the same path as that of China's or Rome’s.

The Republicans have made a grandstand in saying that they were not elected to raise taxes were take more money out of the pockets of hard-working families and businesspeople. Nevertheless, their failure to close unfair loopholes in the tax code as well as raise taxes to match the projected increase spending that the expansion of our social safety net has required means that Republicans are taking money out of the pockets of hard-working families and businesspeople. It is estimated for every one dollar put into the Medicare and Medicaid system the overall benefit to the general economy is approximately 4 dollars. Every single dollar that goes into the food stamp system is returned to the agricultural part of the...

Other Papers Like The Economics Of Super Congress

Economics and the Future of Federalism

1021 words - 5 pages Economics and the Future of Federalism The trends in the current political climate in America tend to be more Americans wanting a less centralized government and to give more power back to the states. In the era of President Bush who ran an administration that seemed to give a lot of power to the states, and over the last 7 years we have had an administration that formed a strong central government this has really seemed to divide our country

Political and Economics of the California Bullet Train Project

1106 words - 5 pages Political and Economics of the California Bullet Train Project University HUM Professor 24 January 2012 Political and Economics of the California Bullet Train With California being the largest state in our union and holding the biggest population of people in the country, it would be only wise to build fast and reliable means of public transportation between it rather large cities. With the political forces in

Social Policy, Economics Of Labor Markets In The European Union

2813 words - 12 pages , economics of labor markets in the European Union and if the employment strategy makes any sense. In the first part of my paper I am going to talk about social policy in general and its purposes. I will also mention some of the most important social policies such as health care, education and training, and pensions. The second part of my paper deals with labor market, the facilities that it creates for the labor force and the economy as a whole. The last

’Members of the Us Congress Are Too Concerned with Local Matters and Not Concerned Enough with Issues Affecting the Whole Country’ . Discuss

1544 words - 7 pages ’Members of the US Congress are too concerned with local matters and not concerned enough with issues affecting the whole country’ . Discuss. (30) The United States Congress has three primary roles: to represent, to legislate and to scrutinise (or ‘oversee’) the Executive Branch. However many people are beginning to wonder whether or not certain roles are more prominent than others, such a representation. Not only that but it can be argued that

Content and Description of Courses in Economics Department at the University of Jos

1194 words - 5 pages CONTENT AND DESCRIPTION OF COURSES 100 level Compulsory Courses: ECO 112 and 122 – Economic Theory and Principles I & II As introduction to the various issues, the nature of economic science, the methodology of economics, major areas of specialization in economics, historical development of economic ideas, major findings in the various areas of specialization , elementary principles of Microeconomics and Macroeconomics, current issues of

1 Vmware Whitepaper - Business Agility and the True Economics of Cloud Computing

2973 words - 12 pages Business Agility and the True Economics of Cloud Computing B u s i n e s s W H iTe PA P e R Business Agility and the True Economics of Cloud Computing Executive Summary New groundbreaking global survey findings demonstrate the true value of cloud computing to the business. While it is understood in the industry that cloud computing provides clear cost benefits, CIOs are having difficulty getting a true fix on the business value that

Japanese Economy : The Rise Of A Super Power

1992 words - 8 pages From the post World War II reconstruction period to the 1960's, the Japanese economy achieved an average annual growth rate of over 10 percent, a rate that was high not only in comparison to other countries, but historically high for Japan as well. (Kumon and Rosovsky 68) It was during this period that the foundation was set for this country to become an economic giant. Some of the most characteristic economic mechanisms of the Japanese system

The Existence and Persistence of Large Spatial Disparities in Unemployment Within National Economies Is a Central Issue in Regional Economics

2097 words - 9 pages The existence and persistence of large spatial disparities in unemployment within national economies is a central issue in regional economics. Explanations that exist within the literature for why regional unemployment disparities have been so much more persistent over time in the EU than in the US can be broadly separated to the hysteresis and equilibrium arguments. Before illustrating the analysis and strength of these arguments it

How It Came to Be That Too Many Cooks Spoil the Broth: a Study Into the Problems of Ill-Defined Property Rights “Resources Are Limited, Whereas Human Wants Are Unlimited. Economics Is the Study of How...

2343 words - 10 pages authors contributing to it.  If more than one cook handles one pot of soup the ingredients like salt, for example, may be doubled or tripled (according to how many cooks handle the pot) thus spoiling it. Too many people trying to do the same thing together are likely to ruin the job. if too many people are involved in something it often gets too complicated. if its used it means that some people need to back off When too many people take charge

Global and China Super-Concentrated Detergent Industry 2014 Market Research Report

1995 words - 8 pages Super-concentrated detergent industry. In a word, it was a depth research report on Global and China Super-concentrated detergent industry. And thanks to the support and assistance from Super-concentrated detergent industry chain related technical experts and marketing engineers during Research Team survey and interviews. table Of Content chapter One Super-concentrated Detergent Industry Overview 1.1 Super-concentrated Detergent Definition 1.2

Super Project

1216 words - 5 pages Gardner, Samantha Graham, Anders Laptev, Nikolay Tang, Lingli Zhong, Xiaoyin University Of California Santa Barbara Department of Economics Analysis of Super Project Case Quandaries of incremental analysis Quick Overview In 1966-67, General Foods Corporation was considering introducing a new product called Super, “a new instant dessert based on a flavored, water-soluble, agglomerated powder,” to U.S. and foreign markets. The proposed

Related Essays

Impact Of The Congress Of Vienna (1815)

3321 words - 14 pages In its immediate aftermath, the famous description, "le Congres ne marche pas; il danse" ('the Congress does not work; it dances') was often seen as the most accurate summary of the events taking place during the Congress of Vienna in 1815. Beneath the façade of all the reveling, this gathering of diplomats marked the end of the Napoleonic Wars and the turmoil they wrought on Europe, reshaping the order and structure of the continent in

The Future Of Super Wi Fi Essay

742 words - 3 pages The Future for Super Wi-Fi By Chris Riley What the heck is super Wi-Fi anyway? First let us explore the history of wireless communications. In 1747, Benjamin Franklin proposed that electricity could move through air. In 1819, Danish physicist Hans Christian Oersted noted that a compass needle moved in the presence of an electrical field. Michael Faraday demonstrated the first electromagnetic induction and built the first direct

The Abomination Of Economics Essay

1843 words - 8 pages Brad Gunkel Mr. Heiss I.B. literature 3 June 2013 The Abomination of Economics Economics, the distribution of capital and goods, influences all aspects of human life in our modern consumerist society. The growing strength of manufacturing and urbanization occurring during Kafka’s life created massive tensions between social classes spawning a multitude of economic and social philosophies which addressed issues caused by the growing

The Amazing World Of Laughter & Its Super Healing

671 words - 3 pages The Amazing World of Laughter and Its Super Healing Power (Exposition) Today many people were suffering from a deep stress and problems, because they always think negatively. But if they knew that laughing is a medicine or a kind of cure that can reduces stress and make your body feels good and healthy. There are many explanations on how this kind of medicine works. According to Norman Cousins, "it accomplishes one very essential purpose