**** 1 - E-SGH
... 57.5 from 70.3 in September Construction activity much worse - New constructions starts are 40% less than 2007 The unemployment rate rose from 5% in 2008 precrisis to 10% by late 2009 ...
... 57.5 from 70.3 in September Construction activity much worse - New constructions starts are 40% less than 2007 The unemployment rate rose from 5% in 2008 precrisis to 10% by late 2009 ...
Kaetana Leontjeva
... → doing the same with less money, so functions of the public sector do not change ...
... → doing the same with less money, so functions of the public sector do not change ...
Market Climate and Weather Forecast
... $40 Billion finances Federal excess spending $45 Billion funds housing & mortgage banks This $1 Trillion in annual QE adds 7-points to GDP of $15 Trillion (vs 2-3% net growth) FRS liabilities tripled from $0.874 Tln in ’08 to $2.9 Tin in early 2013 The 7 Governors and 12 Bank Presidents are ...
... $40 Billion finances Federal excess spending $45 Billion funds housing & mortgage banks This $1 Trillion in annual QE adds 7-points to GDP of $15 Trillion (vs 2-3% net growth) FRS liabilities tripled from $0.874 Tln in ’08 to $2.9 Tin in early 2013 The 7 Governors and 12 Bank Presidents are ...
Document
... higher – no boost to growth (worst case = Greece) Stick to Plan A → permanent loss of capacity •No change in policy – growth remains weak – firms don’t invest – capacity declines – unemployed become detached from labour market – unemployment stays high for much longer (worst case = Japan) ...
... higher – no boost to growth (worst case = Greece) Stick to Plan A → permanent loss of capacity •No change in policy – growth remains weak – firms don’t invest – capacity declines – unemployed become detached from labour market – unemployment stays high for much longer (worst case = Japan) ...
DebtCeilingC_15600
... President of Obama called it “an important first step to insuring that, as a nation, we live within our means.” Before Obama’s signature could dry, the Treasury got the green light to borrow an additional $400 billion, with a future borrowing window still unlocked. Without these funds, a default cou ...
... President of Obama called it “an important first step to insuring that, as a nation, we live within our means.” Before Obama’s signature could dry, the Treasury got the green light to borrow an additional $400 billion, with a future borrowing window still unlocked. Without these funds, a default cou ...
Presentation
... • Put lots more money into the things that make a difference and lead to sustainable growth; • There are no miracle cures. And be modest and honest about what can be achieved. ...
... • Put lots more money into the things that make a difference and lead to sustainable growth; • There are no miracle cures. And be modest and honest about what can be achieved. ...
Economic Policy
... • Supply-side tax cuts: Lower taxes help investors. With more money, we spend more and the economy is good. • Reaganomics: A combination of supply-side tax cuts, monetarism, and domestic budget cutting. Reduces the size of the federal government while increasing military strength. • Some results of ...
... • Supply-side tax cuts: Lower taxes help investors. With more money, we spend more and the economy is good. • Reaganomics: A combination of supply-side tax cuts, monetarism, and domestic budget cutting. Reduces the size of the federal government while increasing military strength. • Some results of ...
File
... a joint resolution, passed by Congress and signed by the president, that allows the government to operate at current funding levels for a fixed period; required when Congress and the president cannot reach agreement on a new budget ...
... a joint resolution, passed by Congress and signed by the president, that allows the government to operate at current funding levels for a fixed period; required when Congress and the president cannot reach agreement on a new budget ...
Changing World of the CFO: FASAB and the Future of GAAP
... • As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater d ...
... • As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater d ...
Prospects for the UK economy
... – It can be operated as (equivalent to) a DSGE with fully forward looking behaviour by ...
... – It can be operated as (equivalent to) a DSGE with fully forward looking behaviour by ...
Kelvin
... ARGUMENT 2: America’s ageing demographics would cause Social Security and Medicare to become unaffordable. Social Security, as a pay-as-you-go retirement system, would have gradually less workers paying into the system and more retirees receiving benefits as the population ages. - This year, there a ...
... ARGUMENT 2: America’s ageing demographics would cause Social Security and Medicare to become unaffordable. Social Security, as a pay-as-you-go retirement system, would have gradually less workers paying into the system and more retirees receiving benefits as the population ages. - This year, there a ...
Economics
... What is the difference between mutual funds and stocks? What is the difference between discretionary and mandatory spending? Give examples of each spending. 8. Why is the U.S. not on the Gold standard any more? 9. What four characteristics must money possess to have value? 10. Who are the largest bo ...
... What is the difference between mutual funds and stocks? What is the difference between discretionary and mandatory spending? Give examples of each spending. 8. Why is the U.S. not on the Gold standard any more? 9. What four characteristics must money possess to have value? 10. Who are the largest bo ...
Financial Crisis 2008
... amounts to around $13 billion, maximum. (Tabulated data does not include four of the six, as the data only lists nations that have spent over 1 billion in the year, so their budget is assumed to be $1 billion each) US spending is more than the combined spending of the next 45 countries. The United S ...
... amounts to around $13 billion, maximum. (Tabulated data does not include four of the six, as the data only lists nations that have spent over 1 billion in the year, so their budget is assumed to be $1 billion each) US spending is more than the combined spending of the next 45 countries. The United S ...
The Federal Budget Outlook
... up. Recession-related spending (food stamps, unemployment insurance, etc.) rose sharply. The budget deficit was 2.4% of GDP in FY15, but is now rising again. ...
... up. Recession-related spending (food stamps, unemployment insurance, etc.) rose sharply. The budget deficit was 2.4% of GDP in FY15, but is now rising again. ...
Expenditures in the United States federal budget
The United States federal budget contains a number of expenditures, which include mandatory programs such as the Medicare and Social Security programs, military spending, and discretionary funding for Cabinet Departments (e.g., United States Department of Justice) and agencies (e.g., Securities & Exchange Commission).During FY2014, the federal government spent $3.504 trillion on a budget or cash basis, up $50 billion or 1% vs. FY2013 spending of $3.455 trillion. Major categories of FY 2014 spending included: Social Security ($845B or 24% of spending), Healthcare such as Medicare and Medicaid ($831B or 24%), Defense Department ($596B or 17%), non-defense discretionary spending used to run federal Departments and Agencies ($583B or 17%), other mandatory programs such as food stamps and unemployment compensation ($420B or 12%) and interest ($229B or 6.5%).Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.4% GDP over the past 40 years, generally ranging +/-2% GDP from that level. The 2014 spend was 20.3% GDP, versus 2013 spend of 20.8% GDP and a recent 2009 peak of 24.4% GDP.CBO projects that spending for Social Security, Healthcare programs and interest costs will rise relative to GDP over the 2015-2025 period, while defense and other discretionary spending will decline relative to GDP.Over the past 40 years, mandatory spending for programs such as Medicare and Social Security has grown as a share of the budget and relative to GDP, while other discretionary categories have declined. Medicare, Medicaid and Social Security grew from 4.3% of GDP in 1971 to 10.1% of GDP in 2012.In the long-run, expenditures related to Social Security, Medicare and Medicaid are growing considerably faster than the economy overall as the population matures. The Congressional Budget Office estimates that Social Security spending will rise from 4.8% of GDP in 2009 to 6.2% of GDP by 2035, where it will stabilize. However, CBO expects Medicare and Medicaid to continue growing, rising from 5.3% GDP in 2009 to 10.0% in 2035 and 19.0% by 2082. CBO has indicated healthcare spending per beneficiary is the primary long-term fiscal challenge. Further, multiple government and private sources have indicated the overall expenditure path is unsustainable.