U.s. Economic Affairs And Fiscal Policy Essay - 1247 Words

1. In America 45 million under poverty line and over 5%unemployment rate, First thing I would advise to USA President is to Increase the minimum wage rate to atleast 9$ , guaranteed paid leave to new parents, More free for h1b visas and more taxes for richer. These decisions will have long term effects on the economy and we can see redistribution of income from richer to poorer in short time. All this combined with more government expenditure would help the US economy. 2. Fiscal policy is considered any changes the government makes to the national budget in order to influence a nation’s economy. until the Great DepressionThe government tried to stay away from economic matters as much as possible and hoped that a balanced budget would be maintained.After the Great Depression , economists decided that something needed to be done about the government involvement in U.S. economic affairs. The U.S. looked to the influential views of economist John Maynard Keynes to help fix the crisis the country was in, as well as to prevent it from happening again. In modern times The United States government has tended to spend more money than it takes in. Conservatives generally favor monetary policy as a stabilization tool, as they consider fiscal actions as synonymous with spending on wasteful social programs, budget deficits, government borrowings, higher interest rates, and the crowding out of useful private investment. Liberals, in contrast, consider mon etary policy too slow and weak toShow MoreRelatedThe United States Fiscal Policy1378 Words   |  6 Pagesthrough economic successes and turmoil since its independence in 1776. Some of these peaks and troughs were quite severe, but the economy tends to self-correct itself. Prior to the Great Depression, the United States had a laissez-faire approach to economic matters, including on how to balance the budget. However, once the Great Depression started, economists decided the government needed to be involved in the U.S.’s economic affairs as the unemployment rate reached 25%. The first fiscal policy to beRead MoreEssay on Government Spending, Deficits, and Keynesian Economics1236 Words   |  5 PagesA growing government is opposite to America’s economic interests because the various methods of financing a government - taxes, borrowing, and printing money have harmful effects upon the economy. There are many reasons why there is a high deficit in the United States s uch as extensive spending. This is true because government spending is often economically destructive, regardless of how it is financed. There are many causes of the steady growth in U.S. trade deficits. There are many people are againstRead MoreImmigration: H-1B Visa1737 Words   |  7 Pageswhether the United States should increase or decrease the amount. 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