### Persistent federal deficits and growing federal debt

##### Reference no: EM131379923

Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment would be an appropriate solution to the problem of persistent federal deficits and growing federal debt.

Proponents of a constitutional amendment hold the view that future generations have a right to be protected from debts accumulated by earlier generations. Because the Congress and President seem unwilling or unable to rein in the debt through normal legislative procedures, they argue that only a constitutional constraint will be strong enough to rein in lawmakers' tendency to act in fiscally irresponsible ways.

Opponents to a constitutional amendment argue that it would limit the ability of future policymakers to use fiscal policy to counteract recessions or respond to national emergencies. Moreover, they argue that the cause of our fiscal imbalances is a lack of political will, not an inadequate process.

Should we force the Government to have a balanced budget?

#### Negative relationship in aggregate unemployment-mortality

Based on Ruhmís paper on recessions and health, what are the age group where mortality has the strongest percentage response to an increase in the unemployment rate? What are

#### Ensuring that the team gives excellent performance

Suppose you are the Team Manager in a multinational company with team strength of 10 members. You are given the responsibility of ensuring that the team gives excellent perf

#### Impacted by the country financial and fiscal policies

The quality of life in specific markets sometimes is impacted by the country's financial and fiscal policies. As such, the Global Financial Stability Report is a semi-annual r

#### Machine has a current salvage value

A machine has a current salvage value of \$10,000, which will drop by \$2,000 per year. The maintenance costs will be \$1,250 per year. What is the marginal cost to extend the se

Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.

#### What would be tax incidence on producers and consumers

Assume that the Demand curve is given as Q=100-4P and the supply curve as P=10+4Q. What would be the price and quantity with perfectly competitive markets? What will happen to

#### Consumer is choosing between red wine and white wine

Say a consumer is choosing between red wine and white wine. The price of red wine is 20 and the price of white wine is 10. If the marginal rate of substitution is 1, and if re

#### Diminishing marginal rate of substitution

Consider tastes that are defined by function u(x, y) = x^2 + y^2. The MUx = 2x & MUy = 2y. Do these tastes have diminishing marginal rate of substitution? Are they convex? E