reasons why the country’s economy is currently facing these problems. One reason why is that the U.S. is in an abundance of debt. This includes the federal economic system, countries and individual citizens in general. The second problem is the issue with health care. Many American citizens are without a sufficient amount of health care. The sad matter is that several other health care systems in other countries are even better than the United States (Newman, 2009). Several of these matters contribute to the problems that the United States is facing and it needs to be addressed and improved before the matters becomes worse.
Citizens of America desire an ideal structure of dreams, wants, and pleasures. However, the dreams that they might invest in may not be what they can be able to afford. This has happened to several individuals in the mortgage system. Several individuals have invested into homes which they could not afford and are an abundance of debt leading to a mortgage crisis (Varzi, 2007). This abundance of debt mortgage crisis has led to several foreclosures as a result. Some mortgage brokers have embellished the income of the prospective homeowners. Consequently, this led to debt problems which escalated to foreclosures taking place. Also, many individuals who have invested in the housing market increased overextended their investment by refinancing their homes which resulted in being under value. In essence, with the decrease of 20% in home value in 2008, the equity of several homes are below the value spent (Standards & Poors, 2008).
In regards to the economic system, the United States is undergoing an abundance of debt throug...
... middle of paper ...
Patterson, T. (2008). American Democracy. New York, New York: McGraw-Hill.
Paulson T. (2009) America Needs Reform. The Vancouver Sun, Retrieved From http://www.vcstar.com/news/2009/oct/12/america-needs-to-reform/
Reuters, T. (2009). U.S. Fed sees modest improvement in economy. The Vancouver Sun, Retrieved from http://www.vancouversun.com/business/fp/sees+modest+improvement+economy/2128797/story.html#
Salant, J. (2009). Voters Back Obama Over Republicans on Health Care, Poll Finds.
Bloomberg, Retrieved from
Varzi, M. (2007, August 17). A Debt Culture Gone Awry. New York Times, Retrieved from
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- On June 13, 2015 at Roosevelt Island in New York, the current Secretary of State Hillary Rodham Clinton officially launched her presidential campaign. She begins by establishing President Franklin Roosevelt’s vision for a prosperous America - which includes ‘equality of opportunity… security for those who need it… the ending of special privilege for the few… the preservation of civil liberties for all... a wider and constantly rising standard of living’ - as her vision for America too. She reminds the American population that President Roosevelt “called on every American to do his or her part” because “if you do your part you ought to be able to get ahead, and when everybody does their part,... [tags: Barack Obama, President of the United States]
1080 words (3.1 pages)
- Hillary Clinton, the 45th U.S. President Hillary Clinton is contesting for the office of the president of the United States in 2016 with a Democratic ticket. Hillary 's campaign chairperson announced her interest in the seat via email to supporters on April 12, 2015, which was followed by an official video. This is her second attempt at the nomination of the Democrats. From January 21, 2009, to February 1, 2013, Clinton served as the secretary of state of the United States of America (Kreitner 270).... [tags: President of the United States, United States]
1128 words (3.2 pages)
- On September 20, 2001, President George W. Bush addressed Congress and the nation. The address was nine days after the 9/11 attack on the United States, and it talked about the overwhelming support and strength of the American people and the support of foreign nations. He spoke of the upcoming actions that would be required of the people and the government in order to bring justice and a stop to the terrorist group, al Qaeda. President Bush also spoke about how the executive branch and Congress would have to work together in the upcoming years to win the war on terror.... [tags: George W. Bush, President of the United States]
751 words (2.1 pages)
- Clinton’s Presidency William Jefferson “Bill” Clinton was inaugurated as the President of the United States in January of 1993, and was to be the President from 1993 –2001, with his Vice President Al Gore and wife Hillary Clinton standing beside him. During his Presidency he made some serious and positive impacts on the country as well as taking steps to make America a better and safer place to live. But as it is well known today he also made some big mistakes that ended with him being impeached, even though he was never removed from office.... [tags: Bill Clinton, President of the United States]
1352 words (3.9 pages)
- The United States is considered the wealthiest country on earth, yet children yearn for food, people live on the streets and citizens cannot afford their medication. This is what a rigged economic system looks like. This country is in need of a major change that will benefit every single person living here. Bernie Sanders should be the next president of the United States because he is a promoter for a progressive policy revolution that could save the minorities in this country. As many people know, there is inequality in the workforce for men and women.... [tags: United States, President of the United States]
1107 words (3.2 pages)
- In an effort to strengthen the economy of Chicago, Mayor Rahm Emanuel introduced the “Chicago first” procurement ordinance, to the city council. The ordinance was presented to the council on Jan 18, 2012. The ordinance is being co-sponsored by 27th Ward Alderman Walter Burnett. (www.mayorsandcities.com)Therefore looking at this from the beginning what is Procurement. Procurement is a contract agreement in which a buyer agrees to acquire goods or services from a seller in exchange for consideration for future business contracts.... [tags: Economy, Government]
822 words (2.3 pages)
- The Bubble Economy of Japan The Economy of Japan had experience a tremendous growth since the end of the Korean war. The growth of GNP in 1967 and 1968 was above 10 % (double digit growth period) which exceed countries such as Britain, France and Germany. The economy experienced a boost is due to many reasons, such as: enlargement of industrial facilities, massive adaptation of western technology and education, lower the military expense to 1% of GNP, relation with power nation, human resources and their spirit to achieve "zero defect program".... [tags: Japanese Economy Economics Finances Essays]
4809 words (13.7 pages)
- Vietnam has suffered numerous hardships, causing its economy to drastically change over time. The conquest of Vietnam by France began in 1858 and was completed by 1884. In March 1945, Japan took over direct administration from the Vichy regime, which was France during World World II. Vietnam declared independence after World War II but, unfortunately, France continued to rule until its 1954 defeat by Ho Chi Minh and his Viet Minh forces. Born on May 19, 1890. Ho Chi Minh grew up to be a well known communist revolutionary leader and, eventually, the president of the Democratic Republic of Vietnam.... [tags: hardships, vichy regime, french]
1472 words (4.2 pages)
- ... The slave was the fundamental part to running a farm and/or plantation, as it required several hands to be working at once in a large area. Once again, Jefferson is not sure of whether to follow the morality or the practicality in his philosophies. In this direction, he chose morality. The Louisiana Purchase also plunged the nation into recurring national debt, which Jefferson had worked so hard to remove already. Before, this paper mentioned that a free market would devastate the nation economically.... [tags: the revolution, american company]
1491 words (4.3 pages)
- President James Madison James Madison, (1751-1836), 4th President of the United States of America. Although he served eight years each as a member of the U.S. House of Representatives, as secretary of state, and as president, Madison's principal contribution to the founding of the United States was as "Father of the Constitution." Madison's place among the Founding Fathers reveals the essential qualities of his public career. Jefferson had a superior vision of the potential for life under republican government, a greater capacity for leadership, and a special gift for the memorable phrase, but Madison had a more subtle and incisive political sense.... [tags: Presidents American History Essays]
1385 words (4 pages)