Free Essay

Ge273 Project Part 2/3

In: Social Issues

Submitted By RolloC84
Words 1323
Pages 6
GE273 Micro Economics
Project Part 2 and 3: The Debt Ceiling I would like to start by saying thank you that you would take the time to truly listen to your constituents and hear our concerns and ideas about the economy that we live in everyday. The debt ceiling is something that we must take very seriously. It seems that we are constantly raising our credit limit in order to justify our current spending habits. But is that a good idea? If my credit card company keeps raising my credit limit in order to allow me to continue spending more money, but I never pay down my balance, am I ever truly getting out of debt? During a time when I can financially afford to take on a high balance, raising the limit helps me attain the things that I want and/or need during that time. However, raising the limit is not a permanent solution. At a certain point, I may reach a debt level that I can no longer afford to pay back. That is becoming my concern with the current debt crisis. I fear that we are continuing to raise our credit limit but are not adequately paying back the debt we are accumulating. I feel what is needed for our country is the same thing that any normal family would need to do in order to address overspending; address current overspending habits and begin to implement a better savings strategy. These may be the most effective steps to take in order to truly attack the raising debt problem that may plague this country for generations to come. Life in America is filled with wants, needs, desires, and the ability to have them all right now. All we have to do is ask and there will be someone willing to lend us the money to have what we want right now. The only problem is that we are expected to pay that back at some point. For the average American, we have a credit score to determine our debt worthiness. The better the score, the higher the probability that particular individual will pay back the debt. Similar to that, the United States has been given a "credit rating" by Standard & Poor's over the years. That score has always been the highest possible score as the United States government has always been a sure-fire bet for paying a debt. Recently, S&P has downgraded the U.S. government's debt rating. S&P was quoted in "Forbes.com" as saying "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics." (Forbes.com) I believe this is the biggest evidence that our spending and debit management has gotten out of control. The United States needs to get back into a mindset that we can no longer afford to spend more money than we are making. I understand that there are many national programs that all require funding. There are some families in this country that have to make the decision each month on which bill to pay because they cannot afford to pay them all. Our nation is getting dangerously close to this same dilemma. We need to focus on the nation's needs versus the nation's wants. Some programs may have to be put away for now; programs like trying to reach Mars. If the United States cannot afford to provide healthcare to its citizens, yet we can "somehow" afford to spend millions to billions of dollars putting robots on Mars, then I believe there is something very wrong with the priorities of our law makers. I will admit that I am vastly unaware of where the majority of my tax dollars go, but I do know that there are areas that some of my tax dollars are going that I disagree with. If we can put away some of the wants, start to pay for some of the needs (i.e. education, healthcare, social security) and begin to pay off some of our foreign debt, then the United States could be back in a position to again afford some of the wants in a few years. Any financial advisor will tell you that one of the smartest decisions an individual can make is investing in their future; building a sufficient savings that can be used to weather a financial storm. The U.S. government should be no different. The position the U.S. is in currently may not allow for much savings. But what does it take to truly begin saving? A recent Yahoo! Finance article said that "...50 percent of the American workforce spends approximately $1000 a year on coffee..." (www.finance.yahoo.com) Small cuts can make a big difference. Imagine that kind of saving on a large scale. If every government agency cut out one small perk, something not necessary for job function, currently given to its workforce, I would venture to guess that alone could potentially save the U.S. government millions of dollars a year. Those millions of dollars could go into the nation's savings account. Once the U.S. begins to develop a healthy savings account it should begin to diversify its portfolio; begin investing. A small savings account can net the average American a couple hundred dollars over the course of a couple years. However, millions upon millions of dollars compounding interest would yield a much more significant income, thus beginning to build a surplus for the U.S. instead of the current deficit. To attain this, something has to change. The National Inflation Association "doesn't think our nation will survive until 2021 based on the path we are currently on. The U.S. won't be able to continue printing money to monetize the debt and deficits, without seeing an outbreak of massive inflation and perhaps hyperinflation at some point this decade." (U.S. Newswire) Now I believe that this may be a "dooms day" type scenario, but it does illustrate that the underlying point is that the government needs to change the way it handles money or the current situation will get worse. I will admit that there are a lot of things at play that I may not fully understand and maybe my idea to save the U.S. economy may not be the most practical. "[O]utside experts have said..." that a plan like mine "...might mean the government wouldn't be able to afford the FBI, veterans' benefits or other federal services." (The Washington Post) I believe there are other areas that we could cut back on in order to pay down our deficit. The bottom line is that the path we are on is heading in a bad direction and needs to be changed. If we can cut out spending on things that are unnecessary to pay off current debt and begin saving and investing the extra income created, the U.S. will again regain the top-notch credit rating and economy we have all come to know and love.

Works Cited
"American Workers Spend an Average of $3000 a Year on Coffee and Lunch at Work, According to Accounting Principals' Workonomix Survey - Yahoo! Finance." Yahoo! Finance - Business Finance, Stock Market, Quotes, News. N.p., n.d. Web. 15 Feb. 2012. <http://finance.yahoo.com/news/american-workers-spend-average-3000-140000395.html>.

Savitz, Eric. "S&P Downgrades U.S. Debt." Forbes.Com (2011): 33. Business Source Premier. Web. 15 Feb. 2012.
"NIA Projects Multi-Trillion Dollar U.S. Budget Deficits." U.S.Newswire: n/a. Chicago Tribune; ProQuest Newsstand. Feb 18 2011. Web. 15 Feb. 2012 .
Fahrenthold, David A. "Some in GOP See Little Crisis in the Debt-Ceiling Crisis." The Washington Post: A.6. Chicago Tribune; ProQuest Newsstand. Jul 15 2011. Web. 15 Feb. 2012 .

Similar Documents

Premium Essay

Bus379 Part 2 Course Project

...Task 4 Year Cash Flow 15% Rate of Return Present Value 0 $(3,000,000.00) 1 $1,100,000.00 $956,521.74 2 $1,450,000.00 $1,260,869.57 3 $1,300,000.00 $1,130,434.78 4 $950,000.00 $826,086.96 Less Investment $(3,000,000.00) $3,450,866.74 1. IRR % IRR= 22.38% 2. NPV NPV= $3,450,866.74 3. Should the company accept this project and why? I believe the company should look into this. The IRR is greater than the Required Rate of Return and the overall NPV is a gain. There does not appear to be a loss in this asset. 4. Explain how depreciation will affect the present value of the project. Depreciation would cause the project's PV to go up. This would be a good thing when considering the amount of taxes the company would save. 5. Provide examples of at least one of the following as it relates to the project: a. Sunk Cost - costs that are non-recoverable and shouldn't be used when considering an investment decision. An example of this would be AirJet has already purchased delivery trucks to deliver parts to vendors/customers. This cost would not be taken into consideration because it has no affect on the purchase of a new machine. This was a purchase that was done prior to any decisions made about buying the new machine. b. Opportunity Cost - This is the most valuable alternative that is given up if a particular investment is undertaken. Most of the time...

Words: 1263 - Pages: 6

Premium Essay

Microeconomics Project Part 2

...& Marketing Management CA 2 – Group Project (20%) ________________________________________________________________ Group Project • • • • • • Form groups of no more than 5 students to work on this project. A list of products and customer groups, is given on the next page. Discuss among your group members which product your group will choose. No two groups can do the same product. Choice is on a first-come-first-serve basis. Register your product with your lecturer by Lesson 2 Report Component 1. Research and briefly explain about this customer group you have selected. 2. Research and showcase your knowledge of your chosen product. 3. Explain how you intend to sell your product to this customer group. 4. Presentation materials Your report should be type-written and 1.5-spaced in 11-point (Arial or Times) font. You must produce a picture/visual of your chosen product to accompany the report. It must not exceed 1500 words (not inclusive of the presentation materials) This report is due on 11/6/2012, 1159AM. Presentation Component 1. Each group is given 20 minutes to make the sales presentation to the chosen customer group. A 10-mark penalty will be imposed for exceeding the time limit. 2. Every member in the team must present his/her part. Absentees without a valid reason will be given a zero grade. Presentations are scheduled for Lessons 11 and 12. Each group will be allotted a slot to present. Products 1 Photocopy machines 2 2-liter cars 3 Laptops 4 Mattress 5......

Words: 548 - Pages: 3

Premium Essay

Project Part 2

...Project Part 2 Entrepreneur Edward Date: 7/14/12 To: My Boss I have researched ice cream and the effects of supply and demand associated with it. I have found several reasons for the increase or decrease in supply and demand and thought you may be interested in my findings. The first issue I have found would be the seasonal changes in the area that the ice cream would be sold. Customers seem to demand ice cream when the weather is hot and they are looking for a way to cool off. So, in the spring/summer months the demand would be high. When the season changes to fall/winter the demand seems to shift to the lesser. Climate of the area has a huge effect on ice cream sales. Secondly, a change in taste could shift the demand to less, People’s taste changes from time to time and there are other substitutes to ice cream. Also if people were to start dieting that could also affect the demand for ice cream. An increase in the price of sugar, and dairy would shift the supply curve to the lesser. With an increase in the cost of making ice cream it would in turn cause companies to order less and raise prices. Therefore people would be paying more for their beloved ice cream. An increase in electricity costs, cow feed, natural gas could also effect the supply curve in a negative way. Increasing the cost of production will shorten supply and increase costs over time....

Words: 255 - Pages: 2

Premium Essay

Ge273 Final Project Part 1

...Terry Knight GE273 Project Part I In today’s economy consumers are more careful with their purchases. With unemployment and cost of just about everything up and people’s incomes the only thing that isn’t increasing its quite understandable as to why they are. Consumers are not going to spend frivolously on items they don’t need or are considered luxuries. On the other hand though they will purchase items that are what they may consider necessities. Let’s look at the items put before us here. Barns and Noble books have an estimated price elasticity of -4.00. I would consider this price to be elastic because books from Barns and Noble are mostly purchased for entertainment and pleasure. With today’s technology and books being available in so many different formats, such as audio books, the internet, kindles and electronic pads just to mention a few, Barns and Noble need a little elasticity in their price. Books now have many substitutes rather than just being in print and bound by two covers. The next item for review is Coca-Cola. Coke has an estimated price elasticity of -1.22 and I would consider this price to be elastic. Coke is price elastic, not because it’s a luxury or people derive pleasure from consuming it, but because there are so many substitutes out on the market. Good competition in a free market place can help keep prices low. Now let’s look at cigarettes and beer which have an estimated price elasticity of -.25 and -.23 respectfully. These items I would......

Words: 535 - Pages: 3

Premium Essay

Project Part 2 It Security

...infect a computer. The term ‘computer virus’ is sometimes used as a catch-all phrase to include all types of malware, including true viruses. Malicious Code A piece of unwanted computer software or code introduced into another program, attached to a document or exists on its own, for malicious purposes. Malware Short for malicious software, software designed to infiltrate a computer system without the owner's informed consent. Usually refers to a variety of forms of hostile, intrusive, or annoying software or program code. Malware encompasses computer viruses, worms, trojan horses, spyware, dishonest adware, crimeware, most rootkits, and other malicious and unwanted software. Casey L. Swain NT2580 August 25, 2013 Project Part 2: Student SSCP® Domain Research Paper REFERENCES Kim D. & Solomon G. M., (2012). Fundamentals of Information Systems Security: The Seven Domains of a Typical IT Infrastructure (1st ed.), 15-33. Burlington, MA. The State of Queensland Government. Department of Education, Training and Employment. Malware and Malicious Code Prevention. July 27, 2012. Web. Aug. 2013 <http://ppr.det.qld.gov.au/corp/ict/management/Pages/Malware-and-Malicious-Code-Prevention.aspx>...

Words: 953 - Pages: 4

Free Essay

Project Part 2

...include in the GDP. I think some activities out of our standard of living that the nation does not rely on, their use might encounter some inaccuracies and defect the national income account. We will not accurately measure black market activities and inflation which is always adjusted for some reasons. Also the GDP does not take welfare into account. The GDP is considered to be the market value of all final goods and services produced in the economy during a period of one year, plus income earned locally by the foreigners minus income earned abroad by the nationals, then the GDP shows another limitation of the national income account; some of the activities to external parties to the production or consumption are simply dismissed. Exercise 2: Chapter 16 Question 5 Frictional unemployment is the time period between jobs when a worker is searching for a better job in comparing his or her previous job to another suitable job. It is the economy stage in which short-term unemployed and employers search respectively the best job and the most skilled employees. The frictional unemployment include the labor force who for some reasons such as searching a better job, moving to another location or they just lost their job therefore look for another job. This does not affect negatively the economy, indeed it is a sign of well-being or healthy economy, due to the fast-growing economy with a mobile and adaptable labor force that have choices. Frictional unemployment is important......

Words: 1030 - Pages: 5

Free Essay

Nt1310 Project Part 2

...This is an Executive Summary Plan for our new building for which construction begins in exactly six weeks. My name is David Pierce and I will be the Project manager for the design and installation of our new cable network for that building. I am excited to be a part of the project and look forward to working with each and every one of you during this exciting time of growth for our company. When considering the capacity if this project I ask you to consider all ideas or changes you see as plausible and should be brought to my attention at anytime. All input will be appreciated and welcomed. When I was assigned with this project I was given several different diagrams of how our new building will be occupied and a few different floor plans. With these my team and I will need to come up with a wiring diagram that will not fit our building’s needs but also allow for future growth of our building. With this project we plan for it to be a bit more expensive than common plans but it will allow for less problematic growth of our building and network in the future. When tacking a project like this we have several different issues that must be addressed. Our first priority in this process is to understand all of the proper building standards and codes. There are several different organizations that we will have to contact and work with to include the Insulated Cable Engineers Association and the Electronic Industries Alliance (EIA). These organizations, along with a few others will......

Words: 2276 - Pages: 10

Premium Essay

Project Part 3 Task 1

...Project Part 3 Task 1: Use a Kernel First World Bank Savings and Loan's Linux-based infrastructure requires an in-house custom kernel or a kernel provided by a vendor. Tasks You need to: Make recommendations whether the organization should use a custom kernel, compile stock kernels from sources, or use a vendor-supplied kernel. Explain the pros and cons of each of the kernel options and support your recommendations with a valid rationale. Submission Requirements Format: Microsoft Word Font: Arial, Size 12, Double-Space Citation Style: Chicago Manual of Style Length: 1–2 pages Due By: Unit 8 Self-Assessment Checklist I have recommended the appropriate kernel that can be used by the organization. I have explained the advantages and disadvantages of using each of the kernel options with a valid rationale. The recommendation for First World Bank Savings and Loan’s Linux-based infrastructure in to use a vendor supplied kernel. The reason for this is two-fold; Security & Support. Both of which are essential to the daily inter-workings of the bank industry. With the choices of vendors available (Red Hat, Novell, or Canonical/Unbuntu), there are only two that do a great job regarding the customization for enterprise-ready systems; Red Hat and Unbutu. With these distribution-specific kernels, security issues that are related to them vary. With that now mentioned, you may not want to do a recent security update as soon as it comes available, as......

Words: 408 - Pages: 2

Free Essay

Project Part 3 Task 2

...Project Part 3 Task 2: Recommend a Software Management Plan Scenario The original task team at First World Bank Savings and Loan has concerns about the support and software management of the organization’s Linux-based infrastructure. The team wants you to recommend a software management plan keeping in mind the various servers and the cost. Tasks You need to: * Make a recommendation for a software management plan. Consider options available from the open source community and from vendors. If you select a vendor, specify the software it will support and how it will support. * Explain the need to install anti-virus software on Linux servers providing a rationale in support of your answer. * Summarize a plan for applying patches and security updates to the Linux system. Submission Requirements Format: Microsoft Word Font: Arial, Size 12, Double-Space Citation Style: Chicago Manual of Style Length: 1–2 pages Due By:Unit 9 Self-Assessment Checklist * I have recommended a suitable software management plan. * I have explained the need to install anti-virus software on Linux servers. * I have explained how to manage critical and noncritical security-related updates. The recommendation for a software management plan is to use RPM. RPM is a software management tool originally created by Red Hat, and later GNU’ed and given to the public at http://www.rpm.org/. It forms the core of administration on most systems, since one of the major tasks for......

Words: 963 - Pages: 4

Free Essay

Menu Project Part 2

...Nutrition for the Young Child ECE 130 Graded Project #405030 Part II: Menu Children 3-5 Years Old Monday Tuesday Wednesday Thursday Friday Breakfast • Milk • Bread • Fruit/Vegetables 1/3 cup cereal 3/4 cup low-fat milk ½ cup fruit juice ½ cup orange fresh sections ½ cinnamon roll ¾ cup low-fat milk ½ cup diced peaches 1 blueberry pancake w/1 Tbsp low-cal syrup ¾ cup low-fat milk ½ cup pear halves ½ slice wheat toast w/ ½ oz low fat cheddar cheese, melted ¾ cup low-fat milk ½ cup fresh banana slices ⅓ cup unsweetened cereal ¾ cup low-fat milk Snack • Bread • Fruit/Vegetable or Milk 4 crackers with 1.5 oz low-fat cheese Water ½ toasted English muffin with 1 Tbsp peanut butter 3/4 cup low-fat milk ½ cup low-fat yogurt with 1 Tbsp granola ½ whole wheat roll ½ cup sliced fresh strawberries ½ oz graham crackers (2 crackers) ½ cup diced peaches, Water ½ oz wheat crackers (4 crackers) ½ oz cheddar cheese Water Lunch • Milk • Bread • Fruit/Vegetable • Fruit/Vegetable • Protein ½ turkey sandwich with 1.5oz turkey ½ cup cooked vegetables ½ banana ¾ cup low-fat milk 1 Pizza Pocket 1/2 cup green salad w/1 Tbsp low-fat dressing 1/2 cup apricot halves 4 oz low-fat yogurt ¾ cup low-fat milk 1.5oz Baked Chicken 1/2 cup boiled carrots 1/2 cup fresh orange sections ¼ cup cooked rice ¾ cup low-fat milk 1 ½ oz lean, broiled hamburger patty 1/2 cup lettuce and tomato salad 1/2 cup pineapple ½ whole wheat bun ¾ cup......

Words: 605 - Pages: 3

Premium Essay

Eg481 Project Part 2

...Project Part 2 This research and overview provides awareness of global warming and how our planet’s atmosphere is overloaded with heat trapping carbon dioxide (CO2), which threatens wide-ranging disorder in climate with devastating consequences. Global warming is an environmental issue that affects human health, ecosystem, etc. and this study is summed up into basic responses and opposing viewpoints. I. What are the causes of global warming? • CO2 emissions and increased concentration of greenhouse gases • Human activity is causing the Earth to get hotter • Global warming is a natural occurrence of nature a. Deforestation and natural resources are part of the earth’s cycle b. Negative conception due to media c. Lack of scientific evidence II. Global warming causes serious concern. • Record-breaking extreme weather a. Severe droughts b. Damaging wildfires c. Rising sea levels, warmer temperatures d. Heat waves; diseases • Clean Air Act (CAA), Endangered Species Act, and the Clean Water Act (CWA) that addresses pollution from sewage systems and storm water run-off • NRDC examines long-range consequences if issue is not addressed III. Solving global warming will improve our lives. • Set practical and feasible limits on global warming pollution; in accordance with EPA standards • Think “green” a. Smart cars b. Public transportation c. Communities and buildings d. Stricter efficiency requirements for appliances IV. Curbing climate......

Words: 484 - Pages: 2

Free Essay

Bsa 376 Week 3 Work-Related Project Analysis Part 2

...This paperwork of BSA 376 Week 2 Discussion Question 2 contains: Based on the Princes Business - General Business Individual SDLC Value Paper Write a 700- to 1,050-word paper that explains the components of a formal SDLC process.  ·  Includea discussion of the basic elements of the SDLC.  ·  Identify types of employees involved in the SDLC process and their roles (project manager, system analyst, developer). Include a minimum of 2 references relevant to the assignment, in addition to the textbook. Format your paperconsistent withAPA guidelines. Individual Work-Related Project Analysis, Part I Writea 1,400- to 2,100-word paper that analyzes a work-related project using systems analysis for a selected business system at the departmental or divisional level from your workplace, an organization, or a case study (which doesn’t have to be a health care facility). ·  Includea discussion of the information-gathering techniques and design methods used in the project.  ·  Analyze and evaluate what made the project a success or failure. Note: This situation is used as the basis for future individual assignments. Include3 to 4 references relevant to the assignment, in addition to the textbook. These will likely relate to the best practices in the area being discussed this week. The references should not only provide definitions to the words used, but also validate your......

Words: 351 - Pages: 2

Free Essay

Course Project Part 2

...opportunities within a 90 day period and select any opportunity of your choice. 2. Include the solicitation Number and Contract Award date. 3. Submit a formal written proposal in response to the opportunity that you have selected.   Evaluation Criteria  Technical merit is substantially more important than price in determining who will be included in the competitive range. As proposals become more technically equal, price will take on greater significance. The Government will select the top 3-5 Offers, considering the following evaluation criteria, listed in descending order of importance. * Technical Approach * Subject Matter Knowledge * Key Staff and Other Resources * Past Performance * Cost   Written Proposal Format and Instructions Your written proposal must have a minimum of 20 pages but not exceed 25 pages in length and include the items below: * 1 Page Business Professional Cover Letter addressed to the bid contact, including your overall cost estimate (bid) for the project. * Technical Approach should be at least 5-7 pages and include a description of your management plan for the overall project. Hint: Use of PM concepts apply here! * Resumes should be summarized for the key staff that you are proposing indicating their past experience, skills and education relative to the bid selection (at least 3-5 – one page each). * 3 Past Performance references. Each reference must include a point of contact and......

Words: 445 - Pages: 2

Premium Essay

Project Part 3

...Project Part 3 Task 1: Use a Kernel The recommendation for First World Bank Savings and Loan’s Linux-based infrastructure in to use a vendor supplied kernel. The reason for this is two-fold; Security & Support. Both of which are essential to the daily inter-workings of the bank industry. With the choices of vendors available (Red Hat, Novell, or Canonical/Unbuntu), there are only two that do a great job regarding the customization for enterprise-ready systems; Red Hat and Unbutu. With these distribution-specific kernels, security issues that are related to them vary. With that now mentioned, you may not want to do a recent security update as soon as it comes available, as it may not be needed in your network environment. The main thing that cannot be stress enough (with both vendor –specific distributions & stock kernels) is that updates need to be thoroughly tested within a “test” environment. Prior to testing, a plan needs to be written up and discussed so that all possible threats are exposed to the system, so that these can be confirmed as mitigated. The key is to test, test, & test the updates prior to rolling them out to a production environment. Stock kernel would be the other choice, but it is not recommended due to the amount of information needed to be sorted through for the specific needs of the banking infrastructure, when doing a security update. This would be extremely time-consuming as not all updates are security specific. The individual would need to sort......

Words: 280 - Pages: 2

Free Essay

Project Part 2

...This is a multi-layered security plan. First, Assign people that are fully trained and/or provide the training that makes it possible to do the job. To prevent malicious software and etc. in the 7 domains of an IT infrastructure, you can isolate and install preventions for each domain. The domains are as follows: User Domain, Workstation Domain, LAN Domain, and LAN to WAN Domain, Remote Access Domain, WAN Domain, and the System/Application Domain. The first part of the IT infrastructure is the User Domain. It is the weakest link in the IT infrastructure and this is where the users connect to the system. You can make the user aware to the risks and threats that they are susceptible to by holding an Awareness Training session. The system is password protected however; you should change passwords every few months to prevent an attack. Also, log the users as they enter and exit the system to make sure there’s no unauthorized access. While it’s the company’s choice to allow employees to bring in USB/Removable drives, you have a threat to someone obtaining the wrong information, or getting malicious software into the system. If you allow the USB/Removable drives, have a virus scan every time someone inserts one into a company computer. In a Workstation Domain, you need to make sure virus protection is set up. You are protecting administrative, workstations, laptops, departmental workstations and servers, network and operating system software. You can enable password protection...

Words: 331 - Pages: 2