Do these cases of government debt and budget deficit indicate potential problems for the economy?
Q. Does the size of the government's debt and the size of the budget deficit indicate potential problems for the economy in any of these cases? 1. The government's debt is relatively low, but the government is running a large budget deficit as it builds a high-speed rail system to connect the major cities of the nation. 2. The government's debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit. 3. The government's debt is relatively low, but the government is running a budget deficit to finance the interest payments on the debt.
Asked by Amy B - Sat Feb 16 20:34:05 2008 - - 2 Answers - 0 Comments
A. Well, the first two indicate government spending which circulates money in the economy leading to a higher GDP. The third one indicates a deficit not due to government spending. The third one would have more of an impact on the economy so I would say the third one would indicate what you had asked.
Answered by mnid007 - Sat Feb 16 20:45:20 2008
Q. Does the size of the government's debt and the size of the budget deficit indicate potential problems for the economy in any of these cases? 1. The government's debt is relatively low, but the government is running a large budget deficit as it builds a high-speed rail system to connect the major cities of the nation. 2. The government's debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit. 3. The government's debt is relatively low, but the government is running a budget deficit to finance the interest payments on the debt.
Asked by Amy B - Sat Feb 16 20:34:05 2008 - - 2 Answers - 0 Comments
A. Well, the first two indicate government spending which circulates money in the economy leading to a higher GDP. The third one indicates a deficit not due to government spending. The third one would have more of an impact on the economy so I would say the third one would indicate what you had asked.
Answered by mnid007 - Sat Feb 16 20:45:20 2008
Would it help the economy if the Government eliminated all Debt?
Q. Not Government debt... just personal and business debt. Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1. This would mean every person and business would get a clean slate and not own ANYONE money. What impact would this have on the economy? Please be as detailed as you like.
Asked by Rico Trump - Fri Jan 23 09:32:30 2009 - - 6 Answers - 0 Comments
A. the US government is not them-- it's us (at least for now). Having the government pay off all debts (forgetting about the harm it may produce directly for a moment) that is still our debt, it doesn't vanish. Gov is us, we are them... its really a disservice to yourself to assume that they are not responsible to us etc...
Answered by axesenzon - Fri Jan 23 09:42:14 2009
Q. Not Government debt... just personal and business debt. Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1. This would mean every person and business would get a clean slate and not own ANYONE money. What impact would this have on the economy? Please be as detailed as you like.
Asked by Rico Trump - Fri Jan 23 09:32:30 2009 - - 6 Answers - 0 Comments
A. the US government is not them-- it's us (at least for now). Having the government pay off all debts (forgetting about the harm it may produce directly for a moment) that is still our debt, it doesn't vanish. Gov is us, we are them... its really a disservice to yourself to assume that they are not responsible to us etc...
Answered by axesenzon - Fri Jan 23 09:42:14 2009
what did the national assembly decide must be dont to handle the huge government debt?
Q. a. they voted to take over and sel church lands b. they agreed to release the french catholic church from state control c. they immediately ended support of middle-class farmers and free trade d. they seized private property and reclaimed it as government land
Asked by Lakin v - Mon Jan 14 17:55:35 2008 - - 1 Answers - 0 Comments
A. What country and time period are you talking about? It could be any of these answers, anytime over the past thousand years. (By the way...I'm thinking the answer is in your textbook.)
Answered by hsmomlovinit - Mon Jan 14 18:36:42 2008
Q. a. they voted to take over and sel church lands b. they agreed to release the french catholic church from state control c. they immediately ended support of middle-class farmers and free trade d. they seized private property and reclaimed it as government land
Asked by Lakin v - Mon Jan 14 17:55:35 2008 - - 1 Answers - 0 Comments
A. What country and time period are you talking about? It could be any of these answers, anytime over the past thousand years. (By the way...I'm thinking the answer is in your textbook.)
Answered by hsmomlovinit - Mon Jan 14 18:36:42 2008
How will America repay $4 trillion dollars in additional government debt?
Q. Over the next 4 years, Barrack Obama will almost double the national debt. After the next election, will the Republicans be forced to spend $10 trillion dollars to balance the power? After we double our national debt over the next 4 years, how will we fix the situation? "Look at who hold most of that debt do we really have to pay them back?" Except the chinese hold less than $1 trillion of our debt (i think its $600 billion). And we're adding that much to the deficit...every year. The holder of the dollar...will be left holding the bag.
Asked by REPUBLIC 2012 - Sun Mar 29 14:08:34 2009 - - 7 Answers - 0 Comments
A. I have the answer...all employees on the federal payroll take a 50% cut in pay. Change how their health care plan works. They are only covered for the period of time that they are employed and after they lose there job they can buy their own like the rest of us. Let the American people decide whether or not they receive pay raises based on performance. Give the american people the right to fire them based on performance. Like the rest of us are. Raise their retirement age like they do to the rest of us. Meaning no more pay checks and health care for life for life after one term. Last but least when they do retire after their 25 years of service their new health care plan is medicaid like the rest of us and make them pay into social… [cont.]
Answered by BIKER DUDE - Sun Mar 29 14:23:13 2009
Q. Over the next 4 years, Barrack Obama will almost double the national debt. After the next election, will the Republicans be forced to spend $10 trillion dollars to balance the power? After we double our national debt over the next 4 years, how will we fix the situation? "Look at who hold most of that debt do we really have to pay them back?" Except the chinese hold less than $1 trillion of our debt (i think its $600 billion). And we're adding that much to the deficit...every year. The holder of the dollar...will be left holding the bag.
Asked by REPUBLIC 2012 - Sun Mar 29 14:08:34 2009 - - 7 Answers - 0 Comments
A. I have the answer...all employees on the federal payroll take a 50% cut in pay. Change how their health care plan works. They are only covered for the period of time that they are employed and after they lose there job they can buy their own like the rest of us. Let the American people decide whether or not they receive pay raises based on performance. Give the american people the right to fire them based on performance. Like the rest of us are. Raise their retirement age like they do to the rest of us. Meaning no more pay checks and health care for life for life after one term. Last but least when they do retire after their 25 years of service their new health care plan is medicaid like the rest of us and make them pay into social… [cont.]
Answered by BIKER DUDE - Sun Mar 29 14:23:13 2009
Is the government nationalizing debt and privatizing profit?
Q. The fed is throwing money at the stock market, the government is bailing out banks and the tax payer is getting the shaft in the end. What do you think?
Asked by xandres103 - Fri Oct 10 22:53:38 2008 - - 2 Answers - 0 Comments
A. The Federal Reserve is no more federal than Fed-Ex. It's all private banks loaning the gov money w. interest. hince our massive debt that we will never escape. Implementing The Fed. Reserve was highly unconstitutional, but that never stopped anyone. check out these vids
Answered by Dr. Gonzo - Fri Oct 10 23:12:30 2008
Q. The fed is throwing money at the stock market, the government is bailing out banks and the tax payer is getting the shaft in the end. What do you think?
Asked by xandres103 - Fri Oct 10 22:53:38 2008 - - 2 Answers - 0 Comments
A. The Federal Reserve is no more federal than Fed-Ex. It's all private banks loaning the gov money w. interest. hince our massive debt that we will never escape. Implementing The Fed. Reserve was highly unconstitutional, but that never stopped anyone. check out these vids
Answered by Dr. Gonzo - Fri Oct 10 23:12:30 2008
What is bad about the Government being in debt?
Q. What would happen if the Government was 100 Trillion in debt and not just around 10 trillion?
Asked by Jonathan M - Thu Sep 25 15:57:05 2008 - - 3 Answers - 0 Comments
A. We have to pay other countries money every year, that we could be keeping to put into our own government
Answered by MATTHEW B - Thu Sep 25 16:05:06 2008
Q. What would happen if the Government was 100 Trillion in debt and not just around 10 trillion?
Asked by Jonathan M - Thu Sep 25 15:57:05 2008 - - 3 Answers - 0 Comments
A. We have to pay other countries money every year, that we could be keeping to put into our own government
Answered by MATTHEW B - Thu Sep 25 16:05:06 2008
What does it mean if the US government defaults on their debt?
Q. What exactly does it mean for the US government to default on its debt?
Asked by B - Thu Jun 4 11:26:31 2009 - - 4 Answers - 0 Comments
A. It means the US government borrowed too much money. If you make $100,000 a year and you have credit card debt of $5,000, you're probably not going to default on your payments. You really should pay off, at least some, of that $5,000 balance before you buy anything else on credit. But overall you're really not in serious financial trouble. The GDP of the United States is roughly 14.5 trillion dollars. And the national debt is roughly 13 trillion dollars. Do the math yourself. How would you feel if you made $100,000 a year and had a credit card balance of $90,000 ??? Personally I think you have a very real chance of finding out what's going to happen in the world if the US government defaults on their debt.
Answered by TechnoRat60 - Thu Jun 4 12:00:39 2009
Q. What exactly does it mean for the US government to default on its debt?
Asked by B - Thu Jun 4 11:26:31 2009 - - 4 Answers - 0 Comments
A. It means the US government borrowed too much money. If you make $100,000 a year and you have credit card debt of $5,000, you're probably not going to default on your payments. You really should pay off, at least some, of that $5,000 balance before you buy anything else on credit. But overall you're really not in serious financial trouble. The GDP of the United States is roughly 14.5 trillion dollars. And the national debt is roughly 13 trillion dollars. Do the math yourself. How would you feel if you made $100,000 a year and had a credit card balance of $90,000 ??? Personally I think you have a very real chance of finding out what's going to happen in the world if the US government defaults on their debt.
Answered by TechnoRat60 - Thu Jun 4 12:00:39 2009
What are some arguments AGAINST NEO-LIBERALISM AND SLAVERY TO GOVERNMENT DEBT?
Q. Why are liberals so dishonest? George H.W. Bush wasn't lying when he said "no new taxes".
Asked by Oppression Killah - Sat May 16 12:57:49 2009 - - 5 Answers - 0 Comments
A. I'm an abolitionist. Down with the welfare state! Free the new helpless class of Americans!
Answered by Liberal Asskicker - Sat May 16 13:11:15 2009
Q. Why are liberals so dishonest? George H.W. Bush wasn't lying when he said "no new taxes".
Asked by Oppression Killah - Sat May 16 12:57:49 2009 - - 5 Answers - 0 Comments
A. I'm an abolitionist. Down with the welfare state! Free the new helpless class of Americans!
Answered by Liberal Asskicker - Sat May 16 13:11:15 2009
Is the interest payment on Government Debt taken into consideration when calculating the GDP?
Q. Is the interest payment on Government Debt taken into consideration when calculating the GDP?
Asked by GailWind - Tue Mar 21 14:06:43 2006 - - 1 Answers - 0 Comments
A. Yes, GDP is a sum of either total expenses or total income. One mans expense is always another mans income, so either way it's always calculated.
Answered by Economics Guy - Tue Mar 21 17:05:48 2006
Q. Is the interest payment on Government Debt taken into consideration when calculating the GDP?
Asked by GailWind - Tue Mar 21 14:06:43 2006 - - 1 Answers - 0 Comments
A. Yes, GDP is a sum of either total expenses or total income. One mans expense is always another mans income, so either way it's always calculated.
Answered by Economics Guy - Tue Mar 21 17:05:48 2006
Why do some many of you conservative democrats around here think government debt is bad?
Q. The reason a person's debt is bad is because that person dies and don't want his kids to have to pay it. A country doesn't die so we can live forever with debt. Debt also devalues our dollar, while to much of this is bad, some devaluing is good because it makes our goods and services cheeper for other countries to buy thereby causing demand that would not have been there. We(America) sells t-bonds to foreginors to pay for this debt. These foreginors then have a stake in America and don't want to see us blown up. This are good things about debt. It also slows the growth of the government, which I like!! And for the record hippies, Clinton inherited a growing economy and handed off a declining economy. The reason he inherited a… [cont.]
Asked by John Galt - Wed Jun 27 12:36:04 2007 - - 21 Answers - 0 Comments
A. You made some good arguments, I must admit. While too much debt is bad, as you pointed out, some debt is good. What's bad is a deficit - overspending a budget. That needs to stop. We also shouldn't have a surplus - that means we're being taxed too much. I'm also creeped out by the people who answered this question. Some clearly don't know the difference between debt and deficit.
Answered by TheOrange Evil - Wed Jun 27 12:40:10 2007
Q. The reason a person's debt is bad is because that person dies and don't want his kids to have to pay it. A country doesn't die so we can live forever with debt. Debt also devalues our dollar, while to much of this is bad, some devaluing is good because it makes our goods and services cheeper for other countries to buy thereby causing demand that would not have been there. We(America) sells t-bonds to foreginors to pay for this debt. These foreginors then have a stake in America and don't want to see us blown up. This are good things about debt. It also slows the growth of the government, which I like!! And for the record hippies, Clinton inherited a growing economy and handed off a declining economy. The reason he inherited a… [cont.]
Asked by John Galt - Wed Jun 27 12:36:04 2007 - - 21 Answers - 0 Comments
A. You made some good arguments, I must admit. While too much debt is bad, as you pointed out, some debt is good. What's bad is a deficit - overspending a budget. That needs to stop. We also shouldn't have a surplus - that means we're being taxed too much. I'm also creeped out by the people who answered this question. Some clearly don't know the difference between debt and deficit.
Answered by TheOrange Evil - Wed Jun 27 12:40:10 2007
What lengths can the Government go to to recoup a debt?
Q. I used to work for a government department and when I left I asked them to check my final pay, as I felt it was incorrect. They told me it was checked but now, 7 months later I have received an invoice for a debt to them as it was incorrectly calculated. If I choose not to pay, does anyone know what steps they can take to recoup the debt? Can they go to the Tax office? Would it register as a default on my credit rating?
Asked by Frannie - Wed Apr 1 22:46:52 2009 - - 1 Answers - 0 Comments
Q. I used to work for a government department and when I left I asked them to check my final pay, as I felt it was incorrect. They told me it was checked but now, 7 months later I have received an invoice for a debt to them as it was incorrectly calculated. If I choose not to pay, does anyone know what steps they can take to recoup the debt? Can they go to the Tax office? Would it register as a default on my credit rating?
Asked by Frannie - Wed Apr 1 22:46:52 2009 - - 1 Answers - 0 Comments
Hamilton wanted the federal government to take over in full the Revolutionary debt of Congress & states?? HELP?
Q. Hamilton wanted the federal government to take over in full the Revolutionary debt of the Continental Congress and the states because he believed that A) this would cause speculators a heavy loss in certificates. B)the payment of all such obligations was guaranteed in the Constitution. C) this would cause well-to-do creditors to favor the new federal government and the extension of its powers. D)the states unanimously favored such a policy. E) it was an extension of his beliefs in the power of the common man.
Asked by Doc B - Sun Nov 2 16:07:17 2008 - - 4 Answers - 0 Comments
A. C. Hamilton was a federalist. Among other things, he believed in a national bank and that Presidents should be elected for life.
Answered by GreasyMadness - Sun Nov 2 16:11:42 2008
Q. Hamilton wanted the federal government to take over in full the Revolutionary debt of the Continental Congress and the states because he believed that A) this would cause speculators a heavy loss in certificates. B)the payment of all such obligations was guaranteed in the Constitution. C) this would cause well-to-do creditors to favor the new federal government and the extension of its powers. D)the states unanimously favored such a policy. E) it was an extension of his beliefs in the power of the common man.
Asked by Doc B - Sun Nov 2 16:07:17 2008 - - 4 Answers - 0 Comments
A. C. Hamilton was a federalist. Among other things, he believed in a national bank and that Presidents should be elected for life.
Answered by GreasyMadness - Sun Nov 2 16:11:42 2008
If I have medical debt, can the government take money out of my bank account without my consent?
Q. I've never had a bank account before and I wanted to open one up.. But the thing is, I have a little bit of medical debt. I don't want the government to randomly decide to take all of my money.. Can they do that? I've heard stories, but I'm not really sure...
Asked by Cort - Wed Mar 11 02:07:00 2009 - - 2 Answers - 0 Comments
Q. I've never had a bank account before and I wanted to open one up.. But the thing is, I have a little bit of medical debt. I don't want the government to randomly decide to take all of my money.. Can they do that? I've heard stories, but I'm not really sure...
Asked by Cort - Wed Mar 11 02:07:00 2009 - - 2 Answers - 0 Comments
Why do you stop spending money when you are in debt, but the government spends more money when in debt?
Q. When most people have no money in the bank, they've run their credit cards too high, and they can't pay the light bill they start cutting back on expenses and start looking for other ways to make money. Yet when the federal government has an already gigantic budget deficit, the government starts spending money like there is no tomorrow. When President Obama speaks of change he must not be referring to keeping a balanced budget, or am I missing something?
Asked by shortstop42000 - Wed Feb 4 11:06:26 2009 - - 8 Answers - 0 Comments
A. The big difference between us and the government, when it comes to money, is they can keep printing more money (with nothing to back it up) till the printing presses pass out. We have to have something to back up our credit or spending. So just imagine if you could go into your office and run off a few milliion dollars whenever you needed it. Well the govt. does that but it's billions, not milliions. And one day, we taxpayers will have to pay it back, and that's when the real problems will begin. Excellent book on the subject:
Answered by Texperson - Wed Feb 4 11:16:10 2009
Q. When most people have no money in the bank, they've run their credit cards too high, and they can't pay the light bill they start cutting back on expenses and start looking for other ways to make money. Yet when the federal government has an already gigantic budget deficit, the government starts spending money like there is no tomorrow. When President Obama speaks of change he must not be referring to keeping a balanced budget, or am I missing something?
Asked by shortstop42000 - Wed Feb 4 11:06:26 2009 - - 8 Answers - 0 Comments
A. The big difference between us and the government, when it comes to money, is they can keep printing more money (with nothing to back it up) till the printing presses pass out. We have to have something to back up our credit or spending. So just imagine if you could go into your office and run off a few milliion dollars whenever you needed it. Well the govt. does that but it's billions, not milliions. And one day, we taxpayers will have to pay it back, and that's when the real problems will begin. Excellent book on the subject:
Answered by Texperson - Wed Feb 4 11:16:10 2009
Will my wife's debt to the government affect my tax refund?
Q. in past years before we were married my wife has had her tax refunds "intercepted" because of unpaid obligations to the government because of student loans. now that we are married, i was wondering if we file jointly will the government take all of the refund (even the taxes i paid) because she owes them? if that is the case would it be better to file married filing seperately or just file as single?
Asked by that guy - Wed Jan 16 12:54:47 2008 - - 5 Answers - 0 Comments
A. If you file a joint return, attach Form 8379 to protect your proportional share of any refund due. Better yet, adjust your withholdings so that you have a small tax bill at filing time and you won't have to worry about offsets ever again.
Answered by bostonianinmo - Wed Jan 16 13:02:41 2008
Q. in past years before we were married my wife has had her tax refunds "intercepted" because of unpaid obligations to the government because of student loans. now that we are married, i was wondering if we file jointly will the government take all of the refund (even the taxes i paid) because she owes them? if that is the case would it be better to file married filing seperately or just file as single?
Asked by that guy - Wed Jan 16 12:54:47 2008 - - 5 Answers - 0 Comments
A. If you file a joint return, attach Form 8379 to protect your proportional share of any refund due. Better yet, adjust your withholdings so that you have a small tax bill at filing time and you won't have to worry about offsets ever again.
Answered by bostonianinmo - Wed Jan 16 13:02:41 2008
Will democrats attend the "tea parties" in protest of the massive tax supported government debt buildup?
Q. My understanding was the issue was rampant escalation of government spending and debt creation... what is "petulant" about protesting that?
Asked by Java - Tue Apr 14 22:24:42 2009 - - 14 Answers - 0 Comments
A. The tea party is for Americans, regardless of their party affiliation.
Answered by aj - Tue Apr 14 22:30:23 2009
Q. My understanding was the issue was rampant escalation of government spending and debt creation... what is "petulant" about protesting that?
Asked by Java - Tue Apr 14 22:24:42 2009 - - 14 Answers - 0 Comments
A. The tea party is for Americans, regardless of their party affiliation.
Answered by aj - Tue Apr 14 22:30:23 2009
If I could show you how to pay for government without any debt or any form of taxation what would you say?
Q. Remember. I just said, if I could show you a way to pay for government without either debt or taxes, what would you say? Not a hypothetical but a in black and white situation here. There are people who think they must pay taxes and that Democrats and Republicans must spend money like a crack addict looking for a fix in order to have the government services we have. There used to be people who thought that the wind would sheer the skin off of your face going 40 mph down the road in one of Henry Ford's automobiles. There will always be those who say this is impossible. Until they see it happening. But who cares what they would say. What do you say? Do you want to continue paying higher and higher taxes when there is a way out? Do… [cont.]
Asked by Zero1 - Fri Aug 17 16:53:30 2007 - - 8 Answers - 0 Comments
A. I would say, "Great! How the heck do we get enough people behind the idea to implement it?".
Answered by Lancelot - Fri Aug 17 17:00:08 2007
Q. Remember. I just said, if I could show you a way to pay for government without either debt or taxes, what would you say? Not a hypothetical but a in black and white situation here. There are people who think they must pay taxes and that Democrats and Republicans must spend money like a crack addict looking for a fix in order to have the government services we have. There used to be people who thought that the wind would sheer the skin off of your face going 40 mph down the road in one of Henry Ford's automobiles. There will always be those who say this is impossible. Until they see it happening. But who cares what they would say. What do you say? Do you want to continue paying higher and higher taxes when there is a way out? Do… [cont.]
Asked by Zero1 - Fri Aug 17 16:53:30 2007 - - 8 Answers - 0 Comments
A. I would say, "Great! How the heck do we get enough people behind the idea to implement it?".
Answered by Lancelot - Fri Aug 17 17:00:08 2007
Why, in a time of great national debt, is the government pushing national healthcare?
Q. Shouldn't digging ourselves out of the spending hole be the first priority before we start heaping more debt on there? "You might not think so if your child was dying because you didn't have health insurance. We can do more than one thing at a time." We don't have any children because we know we can't afford another mouth to feed, you see we're not liberals. We are already feeding thousands of extra mouths through my taxes.
Asked by Socialism = FAIL - Wed May 20 10:22:36 2009 - - 18 Answers - 0 Comments
A. The goal is to get as many people as possible dependent on the government before the next presidential election cycle. Then Obama and crew will tell voters, "if you elect a Republican president, they will take away all these handouts I have been giving you". Basically, it is a blatant attempt to buy votes.
Answered by Gor - Wed May 20 10:29:02 2009
Q. Shouldn't digging ourselves out of the spending hole be the first priority before we start heaping more debt on there? "You might not think so if your child was dying because you didn't have health insurance. We can do more than one thing at a time." We don't have any children because we know we can't afford another mouth to feed, you see we're not liberals. We are already feeding thousands of extra mouths through my taxes.
Asked by Socialism = FAIL - Wed May 20 10:22:36 2009 - - 18 Answers - 0 Comments
A. The goal is to get as many people as possible dependent on the government before the next presidential election cycle. Then Obama and crew will tell voters, "if you elect a Republican president, they will take away all these handouts I have been giving you". Basically, it is a blatant attempt to buy votes.
Answered by Gor - Wed May 20 10:29:02 2009
how does buying a U.S savings bond increase the United States government debt?
Q. please provide precise answers!
Asked by Ana R - Thu Mar 13 22:24:46 2008 - - 4 Answers - 0 Comments
A. Here is a great article that explains it better than I could
Answered by BeachBum - Mon Mar 17 22:22:50 2008
Q. please provide precise answers!
Asked by Ana R - Thu Mar 13 22:24:46 2008 - - 4 Answers - 0 Comments
A. Here is a great article that explains it better than I could
Answered by BeachBum - Mon Mar 17 22:22:50 2008
What would happen in the USA if the government underwrote the debt of a bank?
Q. For all the USA YA's out there who live in the most advanced capitalist society in the West...what would the public's reaction be if the USA federal reserve helped out a private bank with hard earned USA tax payer money?
Asked by Two Pints Lager - Tue Nov 20 06:36:21 2007 - - 2 Answers - 0 Comments
A. In answer to your first question, the US government has set up programs to provide loan guarantees to banks for certain types of loans like Student Loans. At one time, there were FHA-backed loans. They were discontinued but are being reconsidered in light of current subprime crisis. These types of government-backed loans have been received positively by the public. Regarding the role of the Federal Reserve... Part of their mission is to ensure financial stability to the nation so being actively involved in mitigating a banking crisis would be consistent with that mission. And as the "bankers bank", a bank in trouble can apply for loans from the Fed. Fed lending to banks in trouble happens on a regular basis. Also, the Fed is not… [cont.]
Answered by gray shadow - Tue Nov 20 09:11:58 2007
Q. For all the USA YA's out there who live in the most advanced capitalist society in the West...what would the public's reaction be if the USA federal reserve helped out a private bank with hard earned USA tax payer money?
Asked by Two Pints Lager - Tue Nov 20 06:36:21 2007 - - 2 Answers - 0 Comments
A. In answer to your first question, the US government has set up programs to provide loan guarantees to banks for certain types of loans like Student Loans. At one time, there were FHA-backed loans. They were discontinued but are being reconsidered in light of current subprime crisis. These types of government-backed loans have been received positively by the public. Regarding the role of the Federal Reserve... Part of their mission is to ensure financial stability to the nation so being actively involved in mitigating a banking crisis would be consistent with that mission. And as the "bankers bank", a bank in trouble can apply for loans from the Fed. Fed lending to banks in trouble happens on a regular basis. Also, the Fed is not… [cont.]
Answered by gray shadow - Tue Nov 20 09:11:58 2007
From Yahoo Answer Search: 'government debt'
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The US Federal Reserve embarked last night on a drastic new effort to shore up America s economy announcing that it will take a lead from the Bank of England and begin buying up government bonds
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Future . Government Debt. . In: Global Economy| Source: Economist| US Economy. 15 Jun 2009. These numbers have been making the rounds. the interesting part is the fiscal adjustment required to get . debt. to sustainable levels. ...
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