Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

alfie asked:


This is a manageable level of debt. We could go much further in debt in fact, and probably should, to stimulate the economy. We don’t need debt reduction. The debt will go down as the economy improves. We need to stimulate the economy with more government spending. Reducing debt now is the wrong thing to do.

Toby

Doogie asked:


Can someone please give me example of some countries that used methods of debt redemption like terminal annuities, sinking fund, capital levy, export surplus and statutory reduction in rate of interest of debt.. please help .. thanks

Beata Griepentrog

Servant A asked:


1. Putting money in the hands of those who would spend it?

2. Taking money from the rich in the form of higher taxes?

3. Putting spending constrains on the government?

4. Your solution, what would you do?

My answers:

1.how do you know that the money (stimulus) would be spent on new purchases and not used to pay off old debts, or simply saved?

2. to take the money from the rich and give to the poor is a socialist agenda.

3. the government is our biggest employer to put spending restrains on them would cause more unemployment.

4. My choice is to let the tax rates stay were they are and close tax loopholes.
To reduce the size of government and let the private sector take over the function and jobs that the government used to do. SS, medicare, medicade insurance would not be part of the reduction.

Right new laws that would allow all parts made in America to be interchangeable within all industries,
all electronic components, nut and bolts, car parts would fit any other regardless of who makes them.

We are in this together and only working together as one can we succeed
The time to seek personal wealth must be put on hold, and all must contribute to the nation that has given you so much, think of Her.

It was said by a great leader, “Ask not what your contry can do for you, ask what you can do for your country.”

What are your recommendations?
.

Janice

John Gibson asked:


2.) Rising unemployment, together with a reduction
in business spending and production, is characteristics of:

A.) PEAKS
B.) RECESSION
C.) TROUGHS
D.) EXPANSIONS

6.) Which of the following is a fiscal tool for stabilizing the economy?

A.) Raising or lowering reserve requirements.
B.) Open-market operations.
C.) Increasing or decreasing government spending.
D.) Changing the discount rate.

11.) What would most likely happen if government spending increased
at a time of full employment?

A.) Prices would fall.
B.) Prices would rise.
C.) Unemployment would increase.
D.) The national debt would increase.

Raul Pritchell

Ahmad Ali asked:


1. Which of the following categories accounted for the third largest percentage of total federal government expenditures?
a.Education and health.
b.National defense.
c.Income security.
d.Interest on the national debt.

2. Which of the following offers theories to explain why the government, like the private sector, may also “fail”?
a.Social economics.
b.Public choice theory.
c.Rational expectations theory.
d. Keynesian economics

Exhibit 1 Aggregate demand and supply model

http://yfrog.com/c8problemset3f10j

3. Suppose the economy in Exhibit 1 is in equilibrium at point E1 and the marginal propensity to consume (MPC) is 0.75. Following Keynesian economics, to lower the price level from 170 to 150 the government should raise taxes by:
a.$20 billion.
b.$100 billion.
c.$133 billion.
d.$400 billion.

4. The primary source of revenue at the federal level is:
a. the corporate income tax.
b. the personal income tax.
c. property taxes.
d. sales taxes.
e. customs duties.

5. Which of the following statements is true?
a.
Above the optimal tax rate, a reduction in tax rates along the downward-sloping portion of the Laffer curve would increase tax revenues.
b.
According to supply-side fiscal policy, lower tax rates would shift the aggregate demand curve to the right, expanding the economy and creating some inflation.
c.
The presence of the automatic stabilizers tends to destabilize the economy.
d.
To combat inflation, Keynesians recommend lower taxes and greater government spending.

Tyron Sircy

Ahmad Ali asked:


1. Which of the following categories accounted for the third largest percentage of total federal government expenditures?
a.Education and health.
b.National defense.
c.Income security.
d.Interest on the national debt.

2. Which of the following offers theories to explain why the government, like the private sector, may also “fail”?
a.Social economics.
b.Public choice theory.
c.Rational expectations theory.
d. Keynesian economics

Exhibit 1 Aggregate demand and supply model

http://yfrog.com/c8problemset3f10j

3. Suppose the economy in Exhibit 1 is in equilibrium at point E1 and the marginal propensity to consume (MPC) is 0.75. Following Keynesian economics, to lower the price level from 170 to 150 the government should raise taxes by:
a.$20 billion.
b.$100 billion.
c.$133 billion.
d.$400 billion.

4. The primary source of revenue at the federal level is:
a. the corporate income tax.
b. the personal income tax.
c. property taxes.
d. sales taxes.
e. customs duties.

5. Which of the following statements is true?
a.
Above the optimal tax rate, a reduction in tax rates along the downward-sloping portion of the Laffer curve would increase tax revenues.
b.
According to supply-side fiscal policy, lower tax rates would shift the aggregate demand curve to the right, expanding the economy and creating some inflation.
c.
The presence of the automatic stabilizers tends to destabilize the economy.
d.
To combat inflation, Keynesians recommend lower taxes and greater government spending.

Ima Hardister

JM asked:


Is it just me? It seems that neither party is talking about “debt” reduction. I have yet to hear “anybody” talk about creating a “surplus” and thus chipping away at the national debt. So far, they seem to only be concerned with reducing the “rate of growth” of our yearly deficit…. This year, our deficit (i.e what we take in -vs- what we spend) will be around 1 trillion dollars. Even if we reduce our “deficit spending” by 4 to 6 trillion over the next ten years, we are still dealing with a “net increase” in our national debt of 6-8 trillion dollars. That would put us at around 20 to 24 trillion in debt by 2021 with an interest payment of close to 500 billion – about ~75% of what social security will cost us in 2021……Why is nobody talk debt reduction?

Dina Manard

bkaras asked:


This increase in external debt:

A. is not a potential problem because repayment does not imply a net reduction in the income of an average citizen.
B.is a potential problem because repayment implies a net reduction in the income of an average citizen.
C.is a potential problem because government debt is no different from the debt of individuals.
D.is not a potential problem because government debt differs from the debt of individuals.

Granville Paar

L P asked:


1. (TCO 5) Rising business investment and consumption will (Points: 5)
increase aggregate demand
increase aggregate supply

not change aggregate demand

None of the above

2. (TCO 6, 10) A major advantage of ‘automatic stabilizers’ is that (Points: 5)
they automatically produce surpluses during recessions and deficits during inflation.
they help stabilize the economy without having any effect on the personal income.
they simultaneously stabilize the inflation and reduce the absolute size of the public debt.
they require no legislative action by Congress to be made effective.

3. (TCO 6, 10) An increase in government spending and tax cuts would call for a: (Points: 5)
deficit during a period of demand-pull inflation
surplus during a period of demand-pull inflation
deficit during a recession
surplus during a recession

4. (TCO 6, 10) The ‘crowding-out effect’ from government borrowing is “reduced” when: (Points: 5)
interest rates are rising.
the economy is operating at full employment.
government spending improves human capital in the economy.
private spending is falling.

5. (TCO 6, 10) An increase in taxes and cut in government spending would be appropriate to curb (Points: 5)
demand-pull inflation
recession
rising interest rates
fiscal deficits

6. (TCO 6, 10) Each of the following is an example of discretionary fiscal policy except (Points: 5)
public works spending
making the automatic stabilizers more effective
changes in tax rates
changes in interest rates

7. (TCO 5, 6) Most economists would agree that public debt should be reduced (Points: 5)
during both periods of recession and prosperity
just during periods of recession
just during periods of prosperity
never

8. (TCO 6, 10) Two ways to lower the budget deficit are to (Points: 5)
raise taxes and raise government spending
lower taxes and lower government spending
raise taxes and lower government spending
lower taxes and raise government spending

9. (TCO 7, 10) Which is most likely to be affected by changes in the rate of interest? (Points: 5)
tax multiplier
investment spending
government spending
the imports of the economy

10. (TCO 7, 10) Other things equal, the purchase of government bonds by the Federal Reserve will cause (Points: 5)
an increase in the money supply
an increase in interest rates
a decrease in the money supply
a decrease in commercial bank loans
a reduction in nominal GDP

11. (TCO 5, 6, 10) If automatic stabilizers kick in automatically, when real GDP falls, (Points: 5)
tax revenues and transfer payments both should fall
tax revenues and transfer payments both should rise
tax revenues should fall and transfer payments should rise
tax revenues should rise and transfer payments should fall

12. (TCO 5, 6, 10) During time of inflation, we want to (Points: 5)
raise taxes and run budget deficits
raise taxes and run budget surpluses
lower taxes and run budget surpluses
lower taxes and run budget deficits

13. (TCO 5, 6, 10) The effect of big tax cuts on the real GDP of a weak economy is (Points: 5)
strengthened by the crowding-out effect
weakened by the crowding-out effect
reinforced by reducing MPC (Marginal Propensity to Consume)
none of the above

14. (TCO 5, 6, 10) Government spending can be financed by all of the following “except” (Points: 5)
personal income taxes
investment spending
government borrowing
money creation
excise taxes

15. (TCO A tariff on a product (Points: 5)
makes domestic sellers better off and domestic buyers worse off.
makes domestic sellers worse off and domestic buyers worse off.
makes domestic sellers better off and domestic buyers better off.
makes domestic sellers worse off and domestic buyers better off.

16. (TCO Each of the following would reduce our trade deficit except (Points: 5)
increasing saving
decreasing oil imports
increasing investment
raising interest rates

17. (TCO 9) If the dollar price gets “weaker,” (Points: 5)
the U.S. trade deficit will rise.
the U.S. trade deficit will fall.
the U.S. trade deficit will be unchanged.
None of the above necessarily happens.

18. (TCO 9) If the supply and demand for currency deter

Craig Similien

John S asked:


I have to say I found Niall’s argument more compelling. Krugman seems interested in only postponing the inevitable which is to begin paying down the debt and balancing the budget. But then I read Ryan O’Neil’s budget that Ferguson recommends and I found it utterly preposterous. It’s loaded with old ideas like flat taxes, cuts of corporate income tax (a tax that’s bloated with many loopholes), elimination of dividends and capital gains tax, privatization of social security. It’s obvious none of these men are politicians because none of this will fly with the American public! The only decent idea is a national VAT coupled with reduction of the private income tax. This will lower conspicuous consumption, encourage saving and help nab those getting paid under the table. Since the VAT could not be evaded. I think we are just going to have to move forward with austerity and make big and painful cuts to welfare and defense spending. But I see this even to difficult since Repbublicans insist defense spending is not “discretionary” in actuality it is and dems can’t make difficult cuts to social spending. Wat are your thoughts on today’s show? The dollar deflation and the state of the American budget?
@ K. I agree with you about the pork! But Krugman is a leftie but I think he speak with genuine conviction. After Ferguson made an appeal for O’Ryan’s budget, I think he actually looks more the hack. But politics aside, what else should the congress do?
@ K. I agree with you about the pork! But Krugman is a leftie but I think he speak with genuine conviction. After Ferguson made an appeal for O’Ryan’s budget, I think he actually looks more the hack. But politics aside, what else should the congress do?

Adolfo Shofestall