Imagine that you just won the Presidency of the USA and you are faced with all the problems from Presidents past. The argument in this essay is whether or not President Barack Obama has made our debt insurmountable. Some people, mainly republicans, find that The President has completely ruined our economy by putting us so far into debt that we can not possibly pay it all off. The other argument is that President Obama has done well at keeping the National Debt in reasonable proportions and not “blowing up” the debt. Obama has done a good job at keeping the national debt in reasonable proportions.
President Barack Obama has been in the Presidency for six years and in that time the National debt has gone up 6 trillion dollars. Over the years, Obama has been making the debt go up in a linear growth pattern. Based on the exponential laws, interest, which is taking the percentage of a number and adding it on, say that the debt should be going up more every year. Based on research that I got from weeklystandard.com, the debt has been increasing at around the same amount every year. This proves that Obama has been paying more money to other countries every year because the debt is still going up and he would have to be paying more and more for the increase to be linear. Although there are people who think that Obama is doing a horrible job at
…show more content…
Over the years, congress has been spending money that we don’t have and it is added on to our debt because they are not aware, or just don’t care, how much they are adding to our debt. “How much do you think it costs U.S. taxpayers annually to support each member of the U.S. House of Representatives? Each senator? Well, according to the new U.S. budget, you, Mr. and Mrs. Taxpayer, spend $3.1 million to support each House member and $9 million to support each senator.”
...ous statements it can be inferred that in some ways the Obama administration was like the Bush Administration in terms of foreign national policies. Obama also made poor choices by expanding on Bush policies that were already a dangerous jaunt from constitutional practices. Another thing Obama did was increase our expenditures by the billions, which can cause harm in his domestic reform agendas, and might lead to divisive and expensive foreign wars.
This deficit has to do with having responsible leader who are willing to increase awareness and make beneficial changes in the nation. In my opinion, the federal debt is a serious threat to the US that must be politically address whenever possible. I believe that the candidates of the 2016 presidential election should make this issue one of the top priorities to discuss and to dictate a considerable amount of work to fix it. That is because the worse the federal debt is, the worse the future would be to the nation. Also, voters must be well educated about this issue in order to shape their decision in voting for the candidate that seems most powerful and confident about this problem. Solving this problem may be difficult and would take time and so much effort. Therefore, the changes and solution must be on both a national and individual levels as
I still believe we can act even when it's hard.” Neustadt would agree with President Obama’s tactic of addressing Congress and persuading them to pass the Affordable Care Act. Neustadt stated in his book one of the effective ways presidents can bargain with other members of government is “.the bargaining advantages inherent in his job with which to persuade other men that what he wants of them is what their own responsibilities require them to do.” President Obama addresses Congress’s responsibility to represent the interest of the people in order to pass the legislation. Both President Bush and President Obama had very different ways of running the country during their presidencies.
When you get to the point where debt becomes too much you begin to search for a way out. There are many different options to get rid of their debt; one option is the debt snowball. This debt relief option sounds more unusual than it really is.
A staunch critic of President Obama’s usage of his executive authority, Trump himself seems to have
In general, an increase in government spending and decrease in the collection of government taxes and other receipts, increases the debt held by the local government. Government taxes and receipts fluctuate annually, and are frequently less than government spending. In the past, the U.S. public debt has increased for the duration of wars and recessions. When the government consumes more than what it accumulates in taxes, there is a budget deficit and the government then borrows from the private sector or from foreign governments to protect their spending. The compilation of historical borrowing is what materializes the government debt.
President Obama was no different. Five weeks after the election, President Obama met with his economic and political advisors that presented him with their reports of the rapidly deteriorating economic conditions and their plan to hinder the economy from collapsing. President Obama delegated the legislative work to party members and committees because, as a former legislator, he believed that giving Congress discretion in writing the bill would contribute to its enactment (Wayne, 2013). “In general, crises, when they first occur, enhance opportunities for presidential leadership” Stephen J. Wayne stated in Rivals of Power: Presidential-Congressional Relations. “Members of Congress, much like the general public, look to the president and rally behind him” (Wayne, 2013). At first, president Obama hit the ground running after he won the election, and immediately started to figure out with his advisors on how to get the United States back on its feet again. And Congress members look up to the president just as much as American citizens do when the United States faces a crisis. Which in turn can boost the president’s and Congress’ relationship to American citizens. However, Obama’s operating style spawned criticism from both the Democrats and Republicans. The Democrats companied that he did not give much support for their
Every day in New York City, hundreds of people walk past a huge digital billboard with giant numbers across its face. Each person who walks past this billboard sees a slightly different arrangement of numbers, growing larger every second. This board is the National Debt Clock, representing the over 14 trillion dollars currently owed by the United States. While some people claim that the national debt is caused by the falling economy, most maintain that the debt itself causes the poor economy (Budget Deficits 2007). Rising debt leads to higher interest and investment rates, and cuts into our national savings. Ignoring the national debt leaves the major burden of paying it off to later generations, while meanwhile allowing our country’s economy to further drop and our dependency on other nations to rise.
The national debt is usually a frightening topic citizens of any country, however, in the United States, twenty trillion dollars of national debt is one of the major fears of the economy. Along with this fear comes every politician claiming to be the person to lower this astronomical debt to ease concerns in the modern American economy. In Hamilton’s Blessing, John Steele Gordon tries to alleviate these concerns by showing a plethora of benefits and good the debt has been able to do throughout the history of the United States. The central premise of the book and the main guideline for John Steele Gordon’s thinking is that the debt was used to save the Union in the 1860’s, the American economy in the 1930’s, and the wellbeing of mankind during
“Make America Great Again,” the campaign slogan know all around the world that is determined to change the face of 2016 election when sixty nine year old Donald John Trump is elected. In 2004, the federal debt was $7.3 trillion. This rose to $10 trillion when the housing bubble burst four years later. Today it exceeds $18 trillion and is projected to approach $21 trillion by 2019. Debt is not the only the thing the United States has been dealing within the past years, such as immigration, abortion, guns, foreign policy, taxes, along with numerous other topics, yet Trump has a way to solve the unsolved and yes, “Make America Great Again.”
The U.S budget deficit over the years has been a problem but lately the deficit has shrunk. However, what made the U.S budget deficit get to where it is today and what will it be like in the years to come. Throughout the past the U.S has operated under a deficit. This means that the U.S Spent more money than it was taking in. The cause of the excess in spending was different depending on which year. Some of the causes were war, increase in spending , and economic downturns. There were different acts passed to try and control the deficit problem. The deficit at the present time is declining. This decline is due to the improving economy, sequester, and a tax increase on high-income households. The big factor that went into the decline in the deficit for 2013 was the payment that Fannie Mae and Freddie Mac made. The deficit decline in the present time may make some think the U.S could get out of debt but it has been projected that the U.S deficit will start to increase once again.
...ancial Times stating, “The bottom line here is that Americans don't believe in President Obama's leadership. He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can't think of how he could do that.” When the president is popular and integrity of the Executive branch is high, the President can lead public opinion on specific issues. When the factors are low, generating support can be a challenge to overcome and they may engage in strategies (major policy speeches, bold policy initiatives, raising public awareness on national security) to increase popularity, competence, and prestige. We see many of these strategies now as the President campaigns for a second term and also in his running mates as they try and sway public opinion during their bus tours.
The Frontline documentary, Obama’s Deal, tracks the course of Obama’s healthcare reform and the steps taken by the administration to get the bill passed. Healthcare was, and remains, one of the biggest platforms of the Obama administration and one of our nation’s greatest challenges. The film starts with Obama’s election into the White House in 2009. Rahm Emanuel, who had worked for the Clinton administration, was brought in to advise Obama on the reform. To win, Emanuel knew that Obama would have to move quickly as his campaign would be strongest at the beginning. But his crucial flaw was having Obama take a back seat on his own political agenda. Emanuel tried to change his mistakes from the Clinton administration’s healthcare failure, and
...s are two of the highest reasons that Americans are in debt. Significant debt prevents Americans from spending money on goods and services, and America’s economy is driven by consumer purchasing. I believe the economy can benefit, in the long run, if there are more Americans that are educated and are healthier.
To sum up, Obama has always been and will always be a great example of how to succeed in spite of difficulties or obstacles. Such a strong personality is worth to be admired. Obama has left me with positive feelings about the