1
answer
0
watching
70
views
16 Oct 2018

3) Read the following two article from the Novermber 19, 2009 issue of The Economist

Article 1: "Dealing with America's Fiscal Hole"

http://www.economist.com/node/14915152

Article 2: "America's Fiscal Deficit: Stemming the tide"

http://www.economist.com/node/14903024/print

Use what you learned from these articles to answer the following questions. Please explain your answers fully and use insights from the articles to support your answers.

a) Why is it important for the Obama administration to clearly lay out a plan showing how they intend to deal with America's long term fiscal problems? Specifically, how might lack of clarity affect buisness confidence or intrest rates?

b) The article argues that "America's deficit problem is in essence a spending problem". Briefly outline three ways the article suggests to bring down spending.

c) What percentage of total outlays are devoted to non-defense discretionary spending?

For unlimited access to Homework Help, a Homework+ subscription is required.

Irving Heathcote
Irving HeathcoteLv2
19 Oct 2018

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Start filling in the gaps now
Log in