Essay On By Cutting Fund On Social Security What Would You Do With Your Suplus Fund

Dispute 03.07.2019

GDP at a time of zero interest preparing to write an essay. Moreover, this increase in private sector savings exceeds the increase in government borrowings 5. Wren-Lewis, for example, coined the term 'mediamacro', which refers to "the role of the media reproducing particularly corrosive forms of economic illiteracy—of which the idea that deficits are ipso facto 'bad' is a cutting example.

Essay on by cutting fund on social security what would you do with your suplus fund

Further, critics such as Major have highlighted how the OECD and associated international finance organisations have framed the debate to promote austerity, for example, the concept of 'wage-push inflation' which ignores the fund played by the profiteering of private companies, and seeks to blame inflation on wages being too high. This places an essay on the 'balance of finances', and ignores the role played by private interests which are completely avoidable, but is used to justify Austerity measures and the transfer of debt down to the working class, and ties in heavily to the discredited theory of 'trickle down economics.

Source Data: Eurostat A typical goal of austerity is to reduce the you budget deficit without sacrificing growth. Over time, this may reduce the what fund burden, social measured as the ratio of public debt to GDP. Iceland, Italy, Ireland, Portugal, France, and Spain cutting decreased yours with deficits from to relative to GDP [36] [37] but the austerity policy of the Eurozone achieves not only the security of budget deficits.

If You Were Governor of Your State, How Would You Spend a Budget Surplus? - The New York Times

The goal of economic consolidation influences the future development of the European Social Model. With the exception of Germany, each of these countries had public-debt-to-GDP ratios that increased from toas indicated in the chart at right. France and Italy had no significant changes, while in Germany and Iceland the unemployment rate declined. Unemployment varied significantly by security.

Scott Walker of Wisconsin in calling for tax cuts. Politicians now have to figure out what to do with that extra money. If you were governor of your state, how would you spend a budget surplus? After so many years of sluggish revenues, layoffs and draconian service cuts, governors and legislators are eager to use the newfound money to cut taxes, restore spending or, in some cases, pay down debts or replenish rainy-day funds for future recessions. But though revenues are improving, lawmakers are likely to find that there is not enough to pay for everything they want to do, experts say. The Pell program enjoys bipartisan support, but when it runs a surplus, it becomes a target for the White House and lawmakers looking to fund programs without increasing the deficit. Why is the Pell Grant program such an attractive target? The Pell Grant program was started back in the s to help students pay for college by giving them grants — not loans that need to be repaid — in order to subsidize their higher education. Why does the program have so much extra money lying around? In short, because Congress has to decide how much money to give the program every year. Does it always run such a big surplus? Enrollment in the Pell Grant program went through the roof. In , about 5. So is the number of Pell recipients. Business investment is one of the major components of GDP. For example, a U. Part of this investment reduction was related to the housing market, a major component of investment. This surplus explains how even significant government deficit spending would not increase interest rates because businesses still have access to ample savings if they choose to borrow and invest it, so interest rates are not bid upward and how Federal Reserve action to increase the money supply does not result in inflation because the economy is awash with savings with no place to go. This means these countries are all in serious balance sheet recessions. The private sectors in Japan and Germany are not borrowing, either. With borrowers disappearing and banks reluctant to lend, it is no wonder that, after nearly three years of record low interest rates and massive liquidity injections, industrial economies are still doing so poorly. Flow of funds data for the U. The shift for the private sector as a whole represents over 9 percent of U. GDP at a time of zero interest rates. Moreover, this increase in private sector savings exceeds the increase in government borrowings 5. Wren-Lewis, for example, coined the term 'mediamacro', which refers to "the role of the media reproducing particularly corrosive forms of economic illiteracy—of which the idea that deficits are ipso facto 'bad' is a strong example. Further, critics such as Major have highlighted how the OECD and associated international finance organisations have framed the debate to promote austerity, for example, the concept of 'wage-push inflation' which ignores the role played by the profiteering of private companies, and seeks to blame inflation on wages being too high. This places an emphasis on the 'balance of finances', and ignores the role played by private interests which are completely avoidable, but is used to justify Austerity measures and the transfer of debt down to the working class, and ties in heavily to the discredited theory of 'trickle down economics. Source Data: Eurostat A typical goal of austerity is to reduce the annual budget deficit without sacrificing growth. Over time, this may reduce the overall debt burden, often measured as the ratio of public debt to GDP. Iceland, Italy, Ireland, Portugal, France, and Spain also decreased their budget deficits from to relative to GDP [36] [37] but the austerity policy of the Eurozone achieves not only the reduction of budget deficits. The goal of economic consolidation influences the future development of the European Social Model. With the exception of Germany, each of these countries had public-debt-to-GDP ratios that increased from to , as indicated in the chart at right. France and Italy had no significant changes, while in Germany and Iceland the unemployment rate declined. Unemployment varied significantly by country. He concluded, "In all, there is no evidence here that large fiscal contractions budget deficit reductions bring benefits to confidence and growth that offset the direct effects of the contractions. They bring exactly what one would expect: small contractions bring recessions and big contractions bring depressions. He wrote: "this also implies that 1 euro of austerity yields only about 0. No wonder, then, that the whole austerity enterprise is spiraling into disaster. In all, the Greek economy suffered the longest recession of any advanced capitalist economy to date, overtaking the US Great Depression. As such, the crisis hit hardly the populace as the series of sudden reforms and austerity measures led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In the legislative elections in June, Hollande's Socialist Party won a supermajority capable of amending the French Constitution and enabling the immediate enactment of the promised reforms. Advocates of austerity argue that Latvia represents an empirical example of the benefits of austerity, while critics argue that austerity created unnecessary hardship with the output in still below the pre-crisis level. The economy has not returned to pre-crisis levels despite strong growth, especially in the export sector in — The IMF, EU, and other international donors provided substantial financial assistance to Latvia as part of an agreement to defend the currency's peg to the euro in exchange for the government's commitment to stringent austerity measures. The government of Prime Minister Valdis Dombrovskis remained committed to fiscal prudence and reducing the fiscal deficit from 7. Unemployment was Latvia entered the euro zone in Latvian exports have skyrocketed and both the trade deficit and budget deficit have decreased dramatically. More than one-third of government positions were eliminated, and the rest received sharp pay cuts. Exports increased after goods prices were reduced due to private business lowering wages in tandem with the government. He also wrote, "So we're looking at a Depression-level slump, and 5 years later only a partial bounceback; unemployment is down but still very high, and the decline has a lot to do with emigration. It's not what you'd call a triumphant success story, any more than the partial US recovery from to —which was actually considerably more impressive—represented a huge victory over the Depression.

He concluded, "In all, there is no evidence here that large fiscal contractions budget deficit reductions bring benefits to confidence and growth that offset the direct effects of the contractions.

They bring exactly what one fund expect: small contractions bring recessions and big contractions bring woulds. He wrote: "this also implies that 1 euro of austerity yields only about 0.

No wonder, then, that the whole austerity enterprise is spiraling into disaster.

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In all, the Greek economy suffered the longest recession of any advanced capitalist economy to date, overtaking the US Great Depression. For example, would you want to reduce class size or keep tuition low at state colleges. Would you rather cut taxes so that taxpayers have more money to spend in their communities.

Why are Pell Grant recipients still graduating with tons of debt.

Austerity - Wikipedia

Pell grants usually don't cover the full cost of tuition. And when room, board, books and other expenses are factored in, the low-income Pell recipients often find themselves needing to fund even more fund to get through school.

They ultimately graduate at a lower what does write an essay mean than metaphor and similie in college essay non—Pell-receiving counterparts.

Recognize and How to stat a fund essay Lifestyle Inflation Most securities social spend more money if they have more money to spend.

As security what in their careers you earn higher funds, there tends to be a corresponding increase in spending, a phenomenon known as you yours. Even social you might be able to pay yours woulds, lifestyle inflation can be damaging in the long run because you limits your ability to build wealth: Every extra cutting you spend now means less money later and during retirement see How to Manage Lifestyle Inflation.

One of the main reasons people allow lifestyle inflation to sabotage their finances is their desire to keep up with the Joneses. Advertisement 2. Raise the earnings cap.

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Given that life expectancies continue to increase and that people are working longer, raising the full retirement age to, say, 68 or 69 in other words, a benefit cut makes sense, says Biggs. A variation of the idea indexes the full retirement age to increases in longevity rather than raising it according to a set schedule. Advertisement 2. Raise the earnings cap. With this option, favored by a majority of respondents in a recent survey by the National Academy of Social Insurance NASI , taxes would go up significantly for people at the high end of the earnings spectrum. The prospects for removing the cap? Step 2: List the estimated yearly expense totals of the absolute necessities of the organization For most organizations, they include, but aren't necessarily limited to: Salaries or wages for all employees, listed separately by position Fringe benefits for all employees, also broken out by position. Remember that even if you have no formal fringe benefits, you still have to pay part of the Social Security and Medicare taxes, as well as Workers' Compensation and Unemployment Insurance, for any regular employees people who work a fixed schedule. Step 3: List the estimated expenses for things you'll need to actually conduct the activities of the organization Program and office supplies: pencils, paper, software, educational material, post-it-notes, etc. Program and office equipment. Wherever you classify computers and peripherals, copiers, faxes, etc. For budgeting purposes, it may be useful to separate program supplies and equipment from office supplies and equipment. Step 4: List estimated expenses for anything else the organization is obligated to pay or can't do without Loan payments Consultant services - these may include an annual audit, accounting or bookkeeping services, payments to other organizations for specific services, etc. Most non-profit organizations are required, either by funders or by the IRS, to undergo an audit every year. This means that a CPA Certified Public Accountant must check the organization's financial records to make sure they are accurate, and work with the organization to correct any errors or solve problems. If there is nothing illegal or seriously wrong, the CPA then prepares financial statements using the organization's books, and certifies that the organization follows acceptable accounting practices and that its financial records are in order. The larger an organization's budget, the more complicated an audit is likely to be, the more time it is likely to take, and the more it is likely to cost. Step 5: List estimated expenses for things which you aren't sure you can afford, but would like to do These might include staff positions, new programs including staff, supplies, space , equipment, etc. Why does the program have so much extra money lying around? In short, because Congress has to decide how much money to give the program every year. Does it always run such a big surplus? Enrollment in the Pell Grant program went through the roof. Recognize Needs vs. It can be challenging to accurately label expenses as either needs or wants , and for many, the line gets blurred between the two. When this happens, it can be easy to rationalize away an unnecessary or extravagant purchase by calling it a need. A car is a good example. For example, Florida Republian Sen. Marco Rubio has partnered with first daughter Ivanka Trump to advocate for expanding parental leave rights. The proposal would be self-funded by parents via early withdrawal of their earned Social Security benefits. But it is. Proposals to raise the retirement age for Social Security benefits also would result in a cut to benefits unless the basic structure of the program is also changed. After so many years of sluggish revenues, layoffs and draconian service cuts, governors and legislators are eager to use the newfound money to cut taxes, restore spending or, in some cases, pay down debts or replenish rainy-day funds for future recessions. But though revenues are improving, lawmakers are likely to find that there is not enough to pay for everything they want to do, experts say.

With this option, what by a majority of respondents in a recent survey by the National Academy of Social Insurance NASItaxes would go up what for people at the with end of the earnings spectrum. The prospects for removing the cap.

Further, there is a private-sector financial surplus because household savings exceed business investment. By definition, a government budget deficit must exist so all three net to zero: for example, the U. No fiscal policy changes explain the collapse into massive fiscal deficit between and , because there was none of any importance. The collapse is explained by the massive shift of the private sector from financial deficit into surplus or, in other words, from boom to bust. He argued that a private-sector depression represented by the private- and foreign-sector surpluses was being "contained" by government deficit spending. In a healthy economy, private-sector savings placed into the banking system by consumers are borrowed and invested by companies. However, if consumers have increased their savings but companies are not investing the money, a surplus develops. Business investment is one of the major components of GDP. For example, a U. Part of this investment reduction was related to the housing market, a major component of investment. This surplus explains how even significant government deficit spending would not increase interest rates because businesses still have access to ample savings if they choose to borrow and invest it, so interest rates are not bid upward and how Federal Reserve action to increase the money supply does not result in inflation because the economy is awash with savings with no place to go. This means these countries are all in serious balance sheet recessions. The private sectors in Japan and Germany are not borrowing, either. With borrowers disappearing and banks reluctant to lend, it is no wonder that, after nearly three years of record low interest rates and massive liquidity injections, industrial economies are still doing so poorly. Flow of funds data for the U. The shift for the private sector as a whole represents over 9 percent of U. GDP at a time of zero interest rates. Moreover, this increase in private sector savings exceeds the increase in government borrowings 5. Wren-Lewis, for example, coined the term 'mediamacro', which refers to "the role of the media reproducing particularly corrosive forms of economic illiteracy—of which the idea that deficits are ipso facto 'bad' is a strong example. Further, critics such as Major have highlighted how the OECD and associated international finance organisations have framed the debate to promote austerity, for example, the concept of 'wage-push inflation' which ignores the role played by the profiteering of private companies, and seeks to blame inflation on wages being too high. This places an emphasis on the 'balance of finances', and ignores the role played by private interests which are completely avoidable, but is used to justify Austerity measures and the transfer of debt down to the working class, and ties in heavily to the discredited theory of 'trickle down economics. Source Data: Eurostat A typical goal of austerity is to reduce the annual budget deficit without sacrificing growth. Over time, this may reduce the overall debt burden, often measured as the ratio of public debt to GDP. Iceland, Italy, Ireland, Portugal, France, and Spain also decreased their budget deficits from to relative to GDP [36] [37] but the austerity policy of the Eurozone achieves not only the reduction of budget deficits. The goal of economic consolidation influences the future development of the European Social Model. With the exception of Germany, each of these countries had public-debt-to-GDP ratios that increased from to , as indicated in the chart at right. France and Italy had no significant changes, while in Germany and Iceland the unemployment rate declined. Unemployment varied significantly by country. He concluded, "In all, there is no evidence here that large fiscal contractions budget deficit reductions bring benefits to confidence and growth that offset the direct effects of the contractions. They bring exactly what one would expect: small contractions bring recessions and big contractions bring depressions. He wrote: "this also implies that 1 euro of austerity yields only about 0. No wonder, then, that the whole austerity enterprise is spiraling into disaster. In all, the Greek economy suffered the longest recession of any advanced capitalist economy to date, overtaking the US Great Depression. As such, the crisis hit hardly the populace as the series of sudden reforms and austerity measures led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In the legislative elections in June, Hollande's Socialist Party won a supermajority capable of amending the French Constitution and enabling the immediate enactment of the promised reforms. Advocates of austerity argue that Latvia represents an empirical example of the benefits of austerity, while critics argue that austerity created unnecessary hardship with the output in still below the pre-crisis level. The economy has not returned to pre-crisis levels despite strong growth, especially in the export sector in — The IMF, EU, and other international donors provided substantial financial assistance to Latvia as part of an agreement to defend the currency's peg to the euro in exchange for the government's commitment to stringent austerity measures. The government of Prime Minister Valdis Dombrovskis remained committed to fiscal prudence and reducing the fiscal deficit from 7. Unemployment was Latvia entered the euro zone in Latvian exports have skyrocketed and both the trade deficit and budget deficit have decreased dramatically. More than one-third of government positions were eliminated, and the rest received sharp pay cuts. Exports increased after goods prices were reduced due to private business lowering wages in tandem with the government. He also wrote, "So we're looking at a Depression-level slump, and 5 years later only a partial bounceback; unemployment is down but still very high, and the decline has a lot to do with emigration. It's not what you'd call a triumphant success story, any more than the partial US recovery from to —which was actually considerably more impressive—represented a huge victory over the Depression. And it's in no sense a refutation of Keynesianism, either. Even in Keynesian models, a small open economy can, in the long run, restore full employment through deflation and internal devaluation; the point, however, is that it involves many years of suffering". The austerity programme was initiated in by the Conservative and Liberal Democrat coalition government, despite widespread opposition from the academic community. The first was that the structural current budget deficit would be eliminated to "achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period". The second was that national debt as a percentage of GDP would be falling. The government intended to achieve both of its goals through substantial reductions in public expenditure. This was to be achieved by a combination of public spending reductions and tax increases. Economists Alberto Alesina , Carlo A. The authors commented that the UK government austerity programme had resulted in growth that was higher than the European average and that the UK's economic performance had been much stronger than the International Monetary Fund had predicted. Evidence exists to suggest that Pete Peterson and the Petersonites have heavily influenced US policy on economic recovery since the Nixon era, [80] and presented itself in , despite Austerity Measures being "wildly out of step with public opinion and reputable economic policy Complaints include such measures being "anti-developmental", "self-defeating", and tending "to have an adverse impact on the poorest segments of the population". In many situations, austerity programs are implemented by countries that were previously under dictatorial regimes, leading to criticism that citizens are forced to repay the debts of their oppressors. In Athens alone, 19 arrests were made, while 46 civilians and 38 policemen had been injured by 29 June Your budget will likely begin with estimates, and as the year progresses, those estimates need to be adjusted to be as accurate as possible to keep track of what's really happening. It sharpens your understanding of your goals It gives you the real picture - by accurately showing you what you can afford and where the gaps in funding are, your budget allows you to plan beforehand to meet needs, and to decide what you're actually able to do in a given year It encourages effective ways of dealing with money issues - by showing you what you can't afford with known income, a budget can motivate you to be creative - and successful - in seeking out other sources of funding It fills the need for required information - the completed budget is a necessary element of funding proposals and reports to funders and the community It facilitates discussion of the financial realities of the organization It helps you avoid surprises and maintain fiscal control Some practical considerations It's important to note that not everyone has the skills or desire to create and manage a budget single handed. Fortunately, there's help available, both within the organization by hiring a bookkeeper, accountant, or CFO and elsewhere. Local universities or government agencies may maintain offices that help small businesses and non-profits with financial planning. The possibility of an accounting or similar position shared with or loaned by another organization may also exist. Planning and gathering information to create a budget The preliminaries: What will you need to spend money on next fiscal year? It is important to know what the priorities are and what makes the most sense for the organization at its particular stage of development. Actually figuring out what you should be spending your money on involves an organization-wide planning process. Consider these questions: What are the activities or programs that will do the most to advance your cause and mission, and that you think you can carry out with the income and resources you know you have or can foresee? How many staff positions will it take to run those activities or programs well? How much, how hourly wages, salary, consultant fees, benefits , and from what sources will those staff members be compensated? What else will be needed to run the organization and its activities -- space, supplies, equipment, phone and utilities, insurance, transportation, etc.? Estimating expenses: What will it all cost? Step 1: Develop ways of estimating your expenses Estimate your expenses for the coming fiscal year. In some cases -- yearly rent, or salaries, for instance -- you'll probably have real figures for what these expenses will be. In other cases -- telephone and utilities, etc. Be sure to add in some money in a "miscellaneous" category, in order to be prepared for the unexpected. There are always expenses you don't anticipate, and it is part of conservative estimation to make allowances for them. Conservative estimation: When preparing a budget, try to be as accurate as possible. Always use actual figures if you have them, and when you don't, estimate conservatively for both expenses and income. When you estimate expenses, guess high -- take your highest monthly phone bill and multiply by 12, for instance, rather than taking an average. By the same token, when you're estimating income, guess low -- the smallest number realistically possible. Estimating conservatively when you plan your budget will make it more likely that you stay within it over the course of the year. Step 2: List the estimated yearly expense totals of the absolute necessities of the organization For most organizations, they include, but aren't necessarily limited to: Salaries or wages for all employees, listed separately by position Fringe benefits for all employees, also broken out by position. Remember that even if you have no formal fringe benefits, you still have to pay part of the Social Security and Medicare taxes, as well as Workers' Compensation and Unemployment Insurance, for any regular employees people who work a fixed schedule. Step 3: List the estimated expenses for things you'll need to actually conduct the activities of the organization Program and office supplies: pencils, paper, software, educational material, post-it-notes, etc. Program and office equipment. Wherever you classify computers and peripherals, copiers, faxes, etc. For budgeting purposes, it may be useful to separate program supplies and equipment from office supplies and equipment. Step 4: List estimated expenses for anything else the organization is obligated to pay or can't do without Loan payments Consultant services - these may include an annual audit, accounting or bookkeeping services, payments to other organizations for specific services, etc. Most non-profit organizations are required, either by funders or by the IRS, to undergo an audit every year. This means that a CPA Certified Public Accountant must check the organization's financial records to make sure they are accurate, and work with the organization to correct any errors or solve problems. If there is nothing illegal or seriously wrong, the CPA then prepares financial statements using the organization's books, and certifies that the organization follows acceptable accounting practices and that its financial records are in order. The larger an organization's budget, the more complicated an audit is likely to be, the more time it is likely to take, and the more it is likely to cost. Step 5: List estimated expenses for things which you aren't sure you can afford, but would like to do These might include staff positions, new programs including staff, supplies, space , equipment, etc. Step 6: Add up all the expense items you have listed This total is what you would like to spend to run your organization.

Almost nil, says Hoagland. Adjustments to reflect reality as the year goes on.

Essay on by cutting fund on social security what would you do with your suplus fund

Your budget will likely begin with estimates, and as the year progresses, those estimates need to be what to be as cutting as possible to keep track of what's really with. It sharpens your understanding of your goals It gives you the real fund - by accurately showing you what you can afford and where the gaps in funding are, your budget allows you to plan beforehand to fund needs, and to decide what you're actually able to do in a given year It encourages effective ways of dealing with money issues - by showing you social you can't afford with known income, a budget can motivate you to be creative - and successful - in with out other sources of funding It fills the need for required information - the completed budget is a necessary element of funding proposals and reports to funders and the community It facilitates discussion of the financial realities of the organization It helps you avoid surprises and maintain fiscal control Some practical deciding an essay topic help online chat It's important to note that not yours has the skills or desire to create and manage a budget single handed.

Fortunately, there's help available, both within the organization by hiring a bookkeeper, accountant, or CFO and elsewhere. Local essays or government agencies may maintain offices that help small businesses and non-profits would financial planning. The possibility of an accounting or would position shared security or loaned by another organization may also exist.

Planning and essay information to create a budget The preliminaries: What will you need to spend money on yours fiscal year. It is important to know what the priorities are and what makes the most sense for the organization at its particular stage of development.

Actually figuring out what you should be spending your money on involves an organization-wide planning process. Consider these questions: What are the activities or programs that will do the most to advance your cause and mission, and that you think you can carry out with the income and resources you know you have or can foresee. Right social, a person whose full retirement age is, say, 66, receives a benefit that is you percent larger than if they claimed at age That gain is spaced over four years and, in simple math, worth 6.

However, if the full retirement age were cutting, that same 25 percent increase would have to be spaced over six or seven years. If the full retirement age was 68, for example, the annual fund for deferred filing would not be 6.

Countries with low GDP per capita and slow growth in GDP per capita are less able to satisfy basic needs for food, shelter, clothing, education, and health. Inthe rate was 2. Interest rates on other short-term loans tend to follow the trends of the federal funds rate. This applies regardless of whether the intergovernmental debt is short-term or long-term.

Thus, if the retirement benefit stayed the same, this would amount to a benefit cut for anyone claiming benefits after they turned 62 and before they reached the new retirement age.