Balanced Budget Amendment 1997 Analysis

Balanced Budget Amendment 1997 Analysis Balanced Budget Amendment Vu Luu    Introduction In March 4, 1997, the balanced budget amendment was defeated in the United States Senate by just one vote. Fast forward to the present, the United States is facing a $17 trillion deficit versus the $5 trillion in 1997. The question that remains to be asked is had the balanced budget amendment passed the United States Senate and approved by Congress in 1997, would we be facing the debt crisis that we are facing today? Based on my conclusion, the answer that I believe is no, the debt crisis would not have been as severe as it is today. In this paper I will argue why the United States need a national balanced budget amendment in the constitution. In particular, I will discuss the following points to back up my claim; future implications if no changes in policies and solving government spending. As the United States’ federal deficit continues to grow, many are asking for a balanced budget amendment to be added to the constitu tion. A balanced budget amendment would require the federal government not to spend more than it receives in revenue. This means it would be unconstitutional and against the law for the federal government to accumulate budget deficits. THE NATIONAL DEBT ISN’T GOING TO GO AWAY According to the 2012 Congressional Budget Office report, our current policies will eventually lead to a federal debt that would eventually reach a 90% gross domestic product by 2022, 109% by 2026, and 200% by 2037 (CBO 11). These estimates are based on the assumption that our current laws remain generally unchanged and that our spending policies which is the cause of the accumulation of budget deficits remain the same. The CBO budget estimates are also based on forecasts of economic state, demographic trends, and past experience. The other interesting estimate that the CBO reported was that even if there were general changes in our current laws, they estimate that the budget deficit would reach about 60 % of GDP by 2020 which is only 10% lower than our current situation (CBO 7). As indicated by the chart above, our annual deficit through 2021 would never drop below $1 trillion dollars under current policies. Although the main cause of the spike in deficit spending from 2008-2011 was mainly due to the recession, the Congressional Budget Office doesn’t believe the United States would recover under current laws. The balance budget amendment does allow exception, which in this case is the recession. If the national balance budget amendment was in place then after 2011, the annual deficit would only go down because of the radical budget changes in programs. It’s pretty apparent that the money we are borrowing is increasing more and more, but what will happen when it reaches that point when we have to start repaying these loans? The government textbook gives us a great example of what happened to Greece when they couldn’t pay off all their loans. The interest rates o n Greek government went way up and by 2011, they had to pay 25% to obtain a two-year loan from private sector (Sidlow 6). Compared to the United States, we are paying a mere 0.44% compared to the 25% Greece had to pay. The ending results in the Greek government shut out of private borrowing and had to depend on other European countries. The Greece example and the CBO’s estimates are huge future implications and urge for huge changes in our policies which I believe is the federal balanced budget amendment.

Foucault Essay Example | Topics and Well Written Essays - 1000 words

Foucault - Essay Example This evolution of his theory can be traced from 1960's to 1980's and reveal a pattern of study of how power influences decision-making. In 1960's he uses terms like 'contestation' and 'transgression' and uses them interchangeably. In 1970's Foucault moved to 'struggle' and 'resistance' which are again synonymous. And finally in 1980's he used the term 'agonism'. All these terms used through a period of time defining his core focus on the play of resistance, and Foucault's conceptualization of power rather than strict references made to limits. (AMOUDI) Foucault's power-resistance relation is a dynamic analysis of the modern day world. The groundwork of the role of power being laid in the previous theories which evolved between 1960's and 1970's, the economics of power has been more rigorously presented in these theories. Michel Foucault goes further to give a definition of power relations in an essay published in 1982: 'The exercise of power is not simply a relationship between partners, individual or collective; it is a way in which certain actions modify others' Although the exercise of power may need violence or consent, these are not inherent to a power relation. Moreover, one of the consequences of this limit to power is that resistance is the sine qua non condition for power. Indeed, a power relation, is not an action which determines another action, but an action which influences an other action by determining a field of possibility for it. In this field of possibility, ways of resisting are by definition present. The second limit set to power relations, therefore, is fight. According to Foucault, the goal of a fight is either to force the opponent to abandon the game (hence a victory which dissolves the power relation) or to set up a new relation of power. In other words, there is circularity between power relations open to fight and a fight aiming at power relations. Therefore there is a constant instability in a power relationship which excludes by definition any form of determinism. By stressing the ontological link between power and resistance, Foucault invites us to understand his reading of the mechanisms of power h e highlights. Power is to be understood then as a form of power, which is perpetually confronted with potential (and some time actual) resistance. (AMOUDI) In his book Order of Things and Foucault Reader, he addresses the power of observation and the impact of it on the observed. He emphasizes that observing people and judging them requires a degree of conformity, which is less obvious and subsequently, according to Foucault more powerful because of its restrained state. This same impact is seen in Panopticism where Foucault shows a transition in prison systems from physical manipulation to implicit manipulation. This new form of control is implemented through a physical construction that creates the illusion of continual surveillance. This surveillance creates the impetus for self-control. It is the power of being observed which places the role of control on the subjects. People control themselves out of a desire not to be looked down upon - to control their own public reputations. Panopticism works in a similar way - by continual observation or the illusion of continual observation, people are expected to continually discipline thems elves so as to avoid being disciplined by an external source (Foucault & Rabinow) The power which is

Contemporary & Future Challenges in HRM Essay Example | Topics and Well Written Essays - 2500 words

Contemporary & Future Challenges in HRM - Essay Example They help an organization to form a competitive edge in which may be difficult for competitors to have. Therefore the function of the human resource department then becomes central to the operation of any organization. The department is given the role of hiring, supervising and organizing training and development of the workforce. Therefore it is important to the management and development of the workforce. In order to function properly, human resource department comes with particular policies and strategic plans that act as guidelines on how the organization is going to function. These policies and guidelines helps the organization to function properly in light of various workforce need for the organization. In order to ensure that these polices meets the needs for the organization and of the workforce, strategic human resource management (SHRM) has become the cornerstone for planning any human resource activities in an organization. Therefore SHRM has become the central focus to the operation of the human resource. SHRM implies the organized way in which the human resource department and in this case the whole organization comes up with strategies to manage the workforce. It involves taking into consideration a number of perspectives which are important of the operation of the department as a whole. ... It is a broader perspective of the HR department and its functions. One of the key components that have enabled the concept of SHRM to take root has been the changing wave of technology in the market. The use of modern technology has been one of the most important factors that have enabled the human resource department to implement various strategies that have been aimed at making its work easier. This paper will look into how technology has been used in the department and the future operations of the department in light of the changing technology in the market. Use of technology in the HRM department Human resource technology has been emerging in the market as the new discipline which has tried to integrate the use of technology in the function of the HRM department. In this case it has been working to ensure that there is application of appropriate technology in HRM in order to enhance the functioning the department. Technology has affected positively and negative to all the spheres of life. While it may have led to loss of jobs, it has been able to increase efficiency, accuracy and time completion of function. The modern technology especially the evolution in the use of computers can be held responsible for having created an effective work place. There has been reduction of errors as a result of manual computation and at the same time there has been increase effective and timely delivery of the needed data. Technology has found a place to be used in the while organizations. It has dictated the standards of an acceptable modern office whose efficiency is riveted on the amount of advanced technology equipment that have been installed. (Bates 2002, p. 82) The revolution of modern technology has affected all