HIGH INFLATION, EMPLOYMENT, then RECESSION?

COVID's Impact on Inflation and Income Equality

Paul H. Carr

Ashley dsol

sarahmotes

The document discusses the growing problem of government debt in the United States. It notes that the annual deficit has grown substantially in recent years, reaching over $1 trillion in 2010 and 2011. This level of deficit requires significant government borrowing each year. The total national debt held by the public is over $10 trillion. Cutting spending, raising taxes, and economic growth are the three main strategies proposed to address the debt, but each faces challenges. The high and growing level of debt poses economic risks going forward.

Qa what is debt final

Eric Lieberman

This document provides information about the national debt of the United States from an organization called "Fix the Debt". It discusses that the current national debt is over $13 trillion and is projected to continue rising without action. It outlines some of the main causes of the debt as well as the effects, including higher costs of living and reduced ability to respond to future crises. It argues that reforms are needed to entitlement programs, taxes, and spending to put the debt on a sustainable long-term path.

Q&A: Everything You Need to know About the National Debt

University of Missouri System

What happens if the us credit rating is downgraded 7.22.2021 - Kurt S. Altric...

Kurt S. Altrichter

1) The US government debt level of nearly $30 trillion poses risks even though low interest rates have kept debt servicing costs low currently. The upcoming expiration of the debt ceiling raises the possibility of a downgrade in the US credit rating or a technical default. 2) A credit downgrade or hitting the debt ceiling without a resolution could negatively impact risk assets, as occurred in 2011. Investors should take a longer term view and pay attention to weakening economic fundamentals rather than just focusing on record high stock markets. 3) The options available to address the growing debt problem like raising taxes or interest rates all carry risks for either the economy, financial markets or the US dollar. The government appears backed into a corner with

The document summarizes common myths about the national debt and provides facts to address each myth in 1-3 concise sentences. It discusses that while deficits are smaller than during the recession, the debt will still grow substantially without action. It also notes that the longer action is delayed, the greater cuts or tax increases will need to be. Additionally, gradual deficit reduction can help the economy rather than hurt it, and past plans have protected vulnerable groups. The debt issues also cannot be solved solely by cutting waste, taxing wealthier Americans more, or relying on economic growth alone.

CHC: A Quarterly Economic Update Jan 2010

Mercatus Center

Missouri 100 Missouri's Budget Issues

- Missouri is facing major budget issues as state revenues have declined significantly due to the economic downturn. Federal stabilization funds have helped but will run out, leaving a large shortfall. - State revenues are down 10% in the first quarter of FY2010 and are projected to decline further. Unemployment will remain high. - Governor Nixon has already implemented $200M in budget cuts for FY2010 but further cuts will likely be needed. The stabilization funds have masked the true budget problems. - When the federal funds expire after FY2011, Missouri faces a major fiscal crisis without new revenue sources or job growth to boost the economy.

0714 economy report_lvic_02 (1)

michaellathigee

The newsletter discusses the growing economic divide in the US, with facts showing that the rich are getting richer while the middle class and poor are worse off. It argues the recovery reported in the news does not reflect most Americans' experiences. When the Federal Reserve stops stimulating the economy by buying bonds, interest rates will rise, which could trigger a recession worse than 2008 by hurting consumers and the housing/stock markets. The massive US debt also makes the economy vulnerable if interest rates return to historical levels.

16 Budget Myths for the 2016 Campaign

Committee for a Responsible Federal Budget

The document provides a summary of 16 common budget myths that may come up during the 2016 US presidential campaign. It aims to fact check these myths by presenting data and analysis from nonpartisan groups like the Congressional Budget Office and Committee for a Responsible Federal Budget. The myths are grouped into categories on issues like the national debt, taxes, healthcare/Social Security, and proposed "easy fixes". For each myth, the summary counters arguments with evidence about risks of high debt and limitations of proposals to solve budget problems through tax cuts, targeting only the wealthy, or closing only narrow loopholes.

Fiscal FactChecker: 16 Budget Myths to Watch Out for in the 2016 Campaign

The next President will need to confront a number of budgetary challenges and will likely sign into law many federal tax and spending changes. Yet too often, election campaigns are about telling voters what they want to hear rather than what they need to know. To separate fiction from reality, the new Fiscal FactChecker series will monitor the 2016 Presidential campaign on an ongoing basis. To start with, we have identified 16 myths that may come up during the campaign.

Deficit Spending After World War II

Pamela Wright

The document discusses the differences between the national debt and the federal deficit of the United States. The federal deficit refers to the amount of money the government spends beyond what it collects in revenue each year. The national debt is the total accumulation of all past deficits minus any surpluses. Interest payments on the national debt contribute to the annual deficit. While deficits are not always negative, sustained large deficits pose risks if the money is not spent on investments that improve economic growth over the long term.

Economic Effects of Stimulus and Debt

The Heritage Foundation

The document discusses the economic consequences of government stimulus and growing debt levels. It argues that Obama's stimulus plans increased dependence on government and debt without creating many jobs. Growing debt obligations from programs like Social Security and Medicare will cause total US debt to increase dramatically in coming decades to over 300% of GDP by 2050. Repaying this debt will require tax increases that will significantly reduce the quality of life for Americans.

Tax code spending, the fiscal cliff

mslideshare11

This document summarizes the tax code changes and spending cuts that would go into effect on January 1, 2013 if Congress fails to act, known as the "fiscal cliff." Most individual income tax rates would increase substantially. Capital gains and dividend tax rates would also rise significantly. Spending cuts of 9.4% for defense and 8.2% for non-defense programs would take effect. The Congressional Budget Office predicts this would cause the economy to enter a recession with unemployment rising to over 9%. There is debate around a more balanced approach that raises revenues through tax reform in addition to spending cuts.

Haider Ellalee & Walid Y Alali; GDP Growth and the US Debt Sustainability

Oxford Institute for Economic Studies

After the US dollar replaced gold, the US debt became the attention worldwide, thus the demand for the US dollar continued, furthermore the extremely low interest of the dollar. This helped the US government to borrow great amounts of debt as well as kept the creditors pleased. Due to the pandemic, the US economy retrograded because of the tax cut and unproductive rescue spending plan plus surpassing spending of the government. The rising inflation starts to increase to high levels, which certainly the government must cut back spending or its patterns, while this will lead to uncertain consequences for the long future. This paper discusses several different perspectives on the US government's sustainability as its ability to settle the debt in future, the fate of growth burdened with that debt through the neoclassical mode of growth, and also the effect of anxiety of defaults and unfunded obligations. Inversely, it explores the strength of the dollar with a low-interest rate and its sustainability worldwide. We also propose ways helping of strengthen the fiscal government position and solutions to help the economy recover in long term and to easiest the situation. In the synopsis, we propose something that could affect and shake the global market.

US Budgeting

Infinity Business School

The document discusses the trade deficit and fiscal deficit issues facing the US economy. It provides an overview of key economic indicators like GDP, inflation, and monetary and fiscal policies. It then analyzes the US trade deficit in more depth, noting that imports exceeded exports in 2010, leaving a $43 billion deficit. Major trade partners with deficits are China, Canada, and Mexico. The document also examines the country's large fiscal deficit, which was $1.56 trillion in 2010 and has historically increased government debt levels over time. A variety of approaches to balancing the deficit are mentioned, including increasing tax revenues, reducing spending, and issuing more government bonds.

Federal budget slide show civic club version

Alex Cardenas

This document discusses myths and realities about the US federal budget and deficits. It contends that tax policies rather than spending have mainly driven deficits since 1981. While spending cuts could help, the largest expenditure - wars and the military - is often treated as untouchable. It also argues that solving budget problems requires addressing growing inequality in wealth and political power between the richest 10% and everyone else. Specific myths debunked include claims that Social Security and Medicare contribute to deficits, and that tax cuts for the wealthy encourage job creation. Charts show how spending has changed under Democratic and Republican presidents.

State of the Construction Industry Report (2015)

The Vertex Companies, LLC

This document provides an executive summary and analysis of the anticipated performance of the U.S. construction industry in 2015. It finds that while the construction industry rebounded in 2014, growth outpaced GDP and private sector growth continues, public sector construction is also showing signs of improvement. The U.S. economy is growing steadily but corporate profits are high while wages are still low. Inflation remains below targets due to falling energy prices, and the Federal Reserve is expected to raise interest rates in 2015 to address inflation, which will impact some industries. Overall, 2015 is forecast to be a strong growth year for construction.

2015 State of the Construction Industry

Lisa Dehner

The U.S. DeficitDebt Problem A Longer-Run PerspectiveD.docx

christalgrieg

The U.S. Deficit/Debt Problem: A Longer-Run Perspective Daniel L. Thornton The U.S. national debt now exceeds 100 percent of gross domestic product. Given that a significant amount of this debt is the result of governmental efforts to mitigate the effects of the financial crisis, the recession, and the anemic recovery, it is tempting to think that the debt problem is a recent phenomenon. This article shows that the United States was on a collision course with a major debt problem for nearly four decades before the financial crisis. In particular, the debt problem began around 1970 when the government decided to significantly increase spending without a corresponding increase in revenue. The analysis suggests that the debt problem cannot be permanently resolved without creating a mechanism to prevent the government from running persistent deficits in the future. (JEL E62, H62, H63) Federal Reserve Bank of St. Louis Review, November/December 2012, 94(6), pp. 441-55. T he U.S. debt has surpassed 100 percent of gross domestic product (GDP). This debt burden is due in part to the extremely large deficits incurred by attempts to mitigate the effects of the financial crisis, the relatively deep and prolonged recession, and the anemic economic recovery. Given the emphasis on the financial crisis and its aftermath, it is important to realize the U.S. deficit/debt problem began over four decades ago. This longer- run perspective suggests that the recognition of the seriousness of the problem and the need for fundamental change eventually would have occurred. The recent financial crisis merely brought the U.S. deficit/debt problem to the public’s attention sooner rather than later. The analysis here shows that the U.S. deficit/debt problem began during the early 1970s when the government started to increase spending significantly without a corresponding increase in tax revenue. This article also analyzes various aspects of government revenues and expenditures to better understand the different elements of the debate on preventing the U.S. deficit/debt problem from becoming the U.S. deficit/debt crisis.1 Daniel L. Thornton is a vice president and economic adviser at the Federal Reserve Bank of St. Louis. The author thanks Clemens Kool for helpful comments. © 2012, The Federal Reserve Bank of St. Louis. The views expressed in this article are those of the author(s) and do not necessarily reflect the views of the Federal Reserve System, the Board of Governors, or the regional Federal Reserve Banks. Articles may be reprinted, reproduced, published, distributed, displayed, and transmitted in their entirety if copyright notice, author name(s), and full citation are included. Abstracts, synopses, and other derivative works may be made only with prior written permission of the Federal Reserve Bank of St. Louis. Federal Reserve Bank of St. Louis REVIEW November/December 2012 441 THE U.S. DEFICIT/DEBT PROBLEM: WHEN DID IT BEGIN? A long-run perspecti ...

Budget 2021 the big questions final

The document discusses key questions around the UK's public finances in light of the 2021 budget. It notes that while the economic outlook has improved, the pandemic will likely leave lasting scars and elevated public borrowing. The Chancellor has extended many COVID support measures but only announced limited tax rises. There is debate around whether now is the right time to tackle high debt levels, as growth is the priority, but consideration of fiscal sustainability is also important. Any future deficit reduction would likely rely more on tax rises than spending cuts due to public sentiment against austerity.

Spring Budget 2021: The big questions

The Spring Budget: The big questions

National Debt and How to Deal With It

Luke Rzepiennik

The document discusses the national debt of the United States, which currently stands at over $18 trillion. It explores the history of rising US debt levels and the economic effects of increasing versus consolidating the debt. Increasing debt leads to higher interest rates, less investment, and reduced GDP growth. Consolidating debt has short-term negative effects but long-term benefits like lower interest rates and more funding for programs. The document also examines threats of sovereign default and financial crises based on examples from other countries.

Climate Change Extremes: Hurricane Extremes.pptx

Understanding Eternity

What is eternal life after death? -Mathematical relations and physical laws are eternal. -Biblical understandings of eternity. Tillich: Eternity is a dimension above time enabling us to perceive events happening in temporal sequence. “Our lives are limited in time but fulfilled by our participation in everlasting eternity.” When we die, our family, friends, colleagues, & citizens remember us. Whitehead: We are remembered in the Mind of God by our participation in the eternal, consequent divine life.

Similar to HIGH INFLATION, EMPLOYMENT, then RECESSION?

FRB-Richmond_ unsustainable fiscal policy_ implications for monetary policy

Fred Kautz

Common Myths About the debt and the Facts

University of Missouri System

CHC: A Quarterly Economic Update Jan 2010

Mercatus Center

Missouri 100 Missouri's Budget Issues

0714 economy report_lvic_02 (1)

michaellathigee

16 Budget Myths for the 2016 Campaign

Committee for a Responsible Federal Budget

Fiscal FactChecker: 16 Budget Myths to Watch Out for in the 2016 Campaign

Deficit Spending After World War II

Pamela Wright

Economic Effects of Stimulus and Debt

The Heritage Foundation

Tax code spending, the fiscal cliff

mslideshare11

Haider Ellalee & Walid Y Alali; GDP Growth and the US Debt Sustainability

Oxford Institute for Economic Studies

US Budgeting

Infinity Business School

Federal budget slide show civic club version

Alex Cardenas

State of the Construction Industry Report (2015)

The Vertex Companies, LLC

2015 State of the Construction Industry

Lisa Dehner

The U.S. DeficitDebt Problem A Longer-Run PerspectiveD.docx

christalgrieg

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Spring Budget 2021: The big questions

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National Debt and How to Deal With It

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Similar to HIGH INFLATION, EMPLOYMENT, then RECESSION? (20)

FRB-Richmond_ unsustainable fiscal policy_ implications for monetary policy

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0714 economy report_lvic_02 (1)

16 Budget Myths for the 2016 Campaign

Fiscal FactChecker: 16 Budget Myths to Watch Out for in the 2016 Campaign

Deficit Spending After World War II

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Tax code spending, the fiscal cliff

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US Budgeting

Federal budget slide show civic club version

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2015 State of the Construction Industry

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More from Paul H Carr

Climate Change Extremes: Hurricane Extremes.pptx

Understanding Eternity

Nothing at Beginning ?

“Nothing” at the Cosmic Beginning? Is the creation of something from “nothing” (creatio ex nihilo) biblical? Priest George Lemaitre, using Einstein’s general relativity, predicted the “beginning” was a miniscule, hot big bang. Radio astronomers have measured the cool fossil radiation from this hot “beginning.” MIT Prof. Guth’s inflationary cosmology refined with Lemaitre’s prediction. Guth’s answer to “what was there at the beginning” is “the laws of physics.” “In the beginning was the word, or logos (John 1.1).”

Stopping Truth Decay

Our founding fathers knew that truth is essential for our democracy to flourish. George Washington believed, ““Truth will ultimately prevail where pains are taken to bring it to light.” Benjamin Franklin warned, “We have given you a republic, if you can keep it.” Fake news and Big Lies are examples of the truth decay that is threatening the integrity of our elections. Yet, a MIT study determined that Twitter falsehoods spread 6 times faster than truth. When we are so outraged at a falsehood that we share it with friends, we are unintentionally spreading the lie. Let’s stop truth decay by communicating it by word and deed, for truth is essential for keeping us free.

STOPPING TRUTH DECAY

Effectiveness of Economic Sanctions Against Russia?

1. Europe is still heavily reliant on importing natural gas from Russia, funding Russia's war in Ukraine. Options to reduce this reliance include small modular nuclear reactors and increased green hydrogen production. 2. Carbon emissions and income inequality are generally better in Europe compared to the US, due to higher taxes funding social programs in Europe. 3. Germany in particular needs to address its high carbon emissions given its phase-out of nuclear power, leading to increased reliance on dirty coal and Russian natural gas. Expanding nuclear and green energy can help solve this problem.

Theologies Overcoming Naturalism's Limitations

Scientific Naturalism has no eternal life and purpose. Tillich’s existential and Whitehead’s process theologies overcome the limitations of scientific “naturalism without religion.” Tillich, Wildman, Whitehead, and Bracken’s theologies updates the Bible’s promise of eternal life as well as the meaning and goal of history. Paul Tillich’s metaphor of religion as the Dimension of Depth is similar to Ursula Goodenough’s Sacred Depths of Nature. Tillich interpreted history as a quest towards the goal (end) of establishing the Kingdom of God “on earth as it is it heaven” (Lord’s Prayer). For Whitehead, the goal of the Universe is the production of beauty. “The thirst for beauty that permeates our lives is an opening to transcendence,” according to theologian Philip Hefner.

Net-Zero CO2 with Nuclear, Hydrogen, & Geothermal

NET-ZERO CO2 with NUCLEAR, H2, & GEOTHERMAL. Will these save us by 2050? The electrolysis of H2O generates Green Hydrogen, H2. Since 1989, Cold Fusion, the electrolysis of heavy water, fizzled. New fission reactors and Hot Nuclear Fusion could generate green electricity 24/7. Deep geothermal is poised for a breakout similar to the horizontal drilling that made natural gas cheaper than coal.

POST COVID ECONOMY, AS CLIMATE CHANGES