National Debt

National Debt

Government Debt or National Debt is the money owed by the a central governing institution to the central bank that in most cases is a public institution, but in the case of the United States it is not, it is a private bank. The national debt is growing, and people would expect their representatives in congress to do something about it, but it seems that congress women and man deliberately jump to other law issues and avoid confrontation with the party opposition; it is amusing to find a cartoon as this one that depicts in fewer words the hypocrisy and irresponsibility of the government relating our growing national debt. (This thesis is not very clear, first of all, “ it seems” should be taken out so that you will be making an assertion not guessing. Congress men and women consist of independents, republicans and democrats; you may say “avoid confrontation with citizens”. You might want to revise your thesis statement because in the body paragraph, you did not mention Obama’s hypocrisy even though you mention his irresponsibility through heavy spending. You seem to say focus on his inadequate suggestion to bring the country out of recession and that he is offering advice to other people when he has not even solved the problem of budget deficit in his own country. The country is borrowing too much and does not care about the future. Try to revise this in your thesis.)

Nations around the world have to borrow money from other nations or from a central bank like the IMF (international monetary fund you cannot use the abbreviation “IMF” because you have not spelt it out before now) to fund their policies , but the united States does both. it borrows money from nations like china and Japan and at the same time from the federal reserve. Creditor Nations like china buy US security bonds and that’s (that is) how they begin to purchase it’s(which antecedent is your pronoun reffering to? Is it china or us. Please make it clearer) debt. (Can you explain in details? For instance, how it will affect the USA that other countries are buying its security bond)

The United States of America is at odds right now with it’s spending, as the amount that it’s (is) been spent is larger than the amount that is been made,( I would write the united state is at odd right now with it’s budget because it’s spending exceeds it’s income)that (I would use which instead of that) is called a deficit (budget deficit) and that (this) is what (why) the American government is facing, a growing national deficit that threatens the fiscal integrity of our (the) nation. (In the summary point for this body paragraph, I would write because of the way we keep borrowing, our country now faces a national deficit that threatens to destroy our fiscal policy, that is: the use of revenue and expenditure to influence the economy)

In the New York Times article, Obama’s Economic view is (has been or is being) rejected on world stage, the idea of a quick stimulus plan to all nations in the world is not well viewed by world leaders as they refuse to comply with Obama’s(his) plan. Obama by injecting more stimulus money into the economy, is making the federal reserve print more money that at the end will only devaluate (devalue) the current value of the US dollar and thus down pushing (push down) interest rates, but (and) at the same time, interest rates at other currencies (countries currency) have to adjust to the devaluation and that is (which) not making any one happy,. it is understandable then, ( I would revise this to : it is understandable then, that other nations rejected Obama’s stimulus plan because they are still struggling with the recession, therefore it will be difficult for them to adjust their currency to suit his plan. Also another factor that discourages other nation is that the United States itself has done nothing to control its spending. As a result of the fact that other countries rejected our plan, we have promised to cut our spending into half by the end of the year 2013). (two years is such a long time considering the urgent need for our country to recover or this is not even an assurance that the united state economy will recover” I added this because without a following statement like this, your argument may be rendered invalid. for instance if Obama has promised to cut spending , then what is the purpose of criticizing him) why when nations are still struggling with the recession it is very difficult for them to adjust their currency to another specially when that nation has done anything to control it’s spending, that’s why the United States promised to cut it’s spending by half by the year 2013, the cartoon on the New York Times (portray all of this) deals with this situation and it tells how the government is responding to it.

The cartoon at the New York Times depicts Uncle Sam struggling with a ton of money, being already fat (as a result of the previous) by the previews stimulus plan and 2 politicians represented by their respective party mascot the republican elephant and the democratic donkey, both talking about a diet and about cutting government spending. The irony of the cartoon is that today one year later after the realization of the huge government deficit and it’s debt, both house of representatives and congress can’t agree on how to cut the budget and still Americans (and Americans still) face an uncertain future as (because) the government continues to spend frantically on two war theaters Afghanistan, Iraq and more recently on Libya as the United States leads on U.N. Resolution 1973 the implementation of a No-Fly Zone. The truth is that our reality is some what uncertain, because we as a nation do not know yet who will have to pay back all of that the credit injected into our economy, which include all of that the funding for of the deployment of military units around the world. But certainly more scary (scarier) is where would the funds for the next generation of retirees (come from) will come from as our resources and surplus starts to fade away. The American people should start questioning the political culture of our representatives, the objectiveness (objectivity) of policy making in congress and in the house (of representatives it seem like you avoided completing the previous word because you had mentioned it in “…...of our representatives, so you may want to change that to leaders) and how (why) the government is entitled to use our resources in an irresponsible manner.

Chan, Sewell. "Obama's Economic View Is Rejected on World Stage." New York Times, The (NY) 12 Nov. 2010, Late Edition - Final, Foreign Desk: 1. NewsBank. Web. 23 Mar 2011.