Sunday, October 23, 2011

Latin America in the States Economy

Taken from Editorial: http://www.miamiherald.com/2011/08/03/2344192/latin-america-not-immune-to-us.html

The Latin American economy has been taking big hits ever since the downgrade of the U.S credit rating, not only have exports slowed down but foreign aid that some Carribean nations rely on has been halted, slowing down economic progress in impoverished nations. These problems end up cycling back to the Untied States which relies on Latin American goods like sugar, and raises the prices of both production and consumption in the sugar "ecosystem". So, in order for the United States to not hit another recession, it is imperative that they continue trade with Latin America, as they provide a stable source of trade.

Entitlement

Taken from Editorial: http://lacrossetribune.com/news/opinion/editorial/columnists/article_d4d553b0-8260-11e0-94e9-001cc4c002e0.html
In the ongoing debate of America's fiscal future, both Republicans and Democrats have acknowledged how spending is too rampant and cuts need to be made to ensure the stability of the treasury. Many right-wing politicians have outlined plans to responsibly cut funding to programs such as Medicaid to achieve fiscal stability. But the problem is not the economics in the plan, but the politics. Many Americans feel that they are entitled to things like Medicare, Medicaid, and Social Security. To makes things worse, election season is coming up so no politician is willing to stand up for something that may be deemed "politically risky". The real solution to this debt problem is not anything politicians can do, but what citizens can do to take a serious look at what we feel we are "entitled" to.

The Misconception Behind our Debt

Taken from editorial: http://news.yahoo.com/blogs/ticket/choosing-prediction-predictor-u-ongoing-debt-crisis-190729155.html

In an election that stresses fiscal responsibility and knowledge, candidates often exaggerate a problem that is relatively non-existent in this country. The ongoing debt crisis is a serious problem in the eyes of the American people, but not for the reason presented in such presidential debates. Most politicians recently have been focusing on raising revenue to sustain government spending. But the problem is not the governments budget, but its credit rating. If the United States do fall into a credit default most of the large corporations would be forced out of the countries, something revenue cannot prevent. So instead of focusing on raising the governments budget, politicians should be focusing on a way to get investor confidence back to the United States; a matter that has not been stressed enough in Congress because there is relatively no media coverage for presidential candidates to feed off of.