THE "DISCURSIVE DEFICIT" Moravcsik and the European Union “Sidentrop’s most fundamental error—one he shares with many in the European debate—is his assumption that the EU is a nation-state in the making,” Andrew Moravcsik writes in his “Despotism In Brussels?” However, Moravcsik makes the same error himself, if a bit more circuitously. In his articles “Despotism In Brussels?”, “Federalism in the European Union: Rhetoric and Reality,” and “In Defense of the ‘Democratic Deficit’: Reassessing Legitimacy

How will the UK government bring the budget deficit down in the next five years? What will be the impact of this on the British economy? 1 Introduction Of late, the discussion of budget deficit in the UK has been more rigorous than ever. Based on the Public sector finances bulletin by the National Statistics, in financial year 2009/10, the public sector net borrowing was £122.4 billion. As compared to the figures in the same period in 2008/09, this is a staggering £54.6 billion higher. At

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

"It's time to clean up this mess." Famous last words heard from the mouths of many different politicians when talking about the national debt and the budget deficit. Our debt is currently $4.41 trillion and we have a budget deficit of around $300 billion and growing. Our government now estimates that by the year 2002 the debt will be $6.507 Trillion. While our politicians talk of balancing the budget, not one of them has proposed a feasible plan to start paying down the debt. In the early days of

As one of the top ten concerns in this years presidential election, the national deficit has been given some attention by both presidential candidates. But the candidates can only make promises to the public on this issue, stating that they will cut the national deficit in half , by 2009. Since both George W. Bush and John Kerry have the same goal, the examination begins on how each of them plan to achieve it. When President Clinton took office, he reduced the national debt by 10% in his last five

The Fiscal Deficit Crisis in the United States Since the inauguration of George W. Bush as the president of the United States in January 2001, a series of issues and problems have appeared. President Bush created problems in education, finance, medicare, social security, as well as foreign affairs. In addition, he has turned a 500 billion dollar surplus into a 500 billion dollar deficit (“Historical Tables” 2004, 21-22). We must ask how he could do this. Were funds spent on improving education

A budget deficit happened when the government spending exceeds government revenue in a certain period. deficit will be equal government spending minus revenue, where spending > revenue. A budget surplus take place when government spending is less than government revenue in a certain period: surplus is equal revenue minus spending, where revenue > spending. The National Debt The total accumulation of deficits (minus surpluses) the Federal government has incurred over time. More specifically – the

The purpose of this paper is to discuss the short- and long-term effects of current budget deficits and the nation debt. In order to do this; I first had to find out exactly what they were. I will also discuss whether I think the government should operate with a balanced budget. Budget deficit is the amount by which total government spending is more than government income during a specified period; the amount of money which the government has to raise by borrowing or currency emission in order to

Budget deficit, fiscal stimuli and the economic recovery Post budget debate is heating around the points if the economy is heading in the right direction and government has the capacity to deal with major economic challenges. It is true that the economy of Pakistan is passing through a critical stage and major road blockers to growth seem to be increasing unemployment rate, inflation rate, incidents of terrorism as a consequence falling foreign and local investment levels, and power shortage.

United States Budget Deficit "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget