Here is the synopsis of our sample research paper on The U.S. Deficit. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper begins by reporting the total estimated 2005 U.S. deficit, including the budget deficit and the trade deficit. The deficit has reached an unprecedented level. The writer explains what the debts are for and comments on what promises to be done. Finally, the essay discusses the effect of the U.S. deficit on the world economy. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGusdf.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
U.S. budget deficit will exceed $400 billion in 2005 (Gumbel, 2005). That is only part of the deficit, however; it will increase by another $100 billion plus the costs associated
with continued military presence in Afghanistan and Iraq (Gumbel, 2005). Then, added to this is the trade deficit of $617.7 billion (Gumbel, 2005). This is the highest trade deficit ever
recorded; it is equal to 6 percent of the total American economy (Gumbel, 2005). That puts the total deficit at over $1 trillion. Experts and analysts compare the present economic
situation with the one that existed in 1985 when Ronald Reagan began his second term as President (Gumbel, 2005). There were tax cuts, increased military spending and increases in other
spending (Gumbel, 2005). Pakko reported the trade deficit represented 3.99 of the economy in 1999 (2000). Pakko also reported that trade deficits are considered to be either the cause or
the symptom of a weak economy but, in fact, they are neither (2000). Instead, trade deficits "are economic that are determined jointly by the decisions and interactions of households, firms
and governments in the United States and abroad" (Pakko, 2000). Pakko goes on to explain that what a trade deficit means is that Americans are buying more products than citizens
in other countries (2000). Simply put, a budget deficit exists when spending exceeds revenue (Wikipedia,, 2005). In 2003, 47 percent of the total amount of personal income taxes
went to pay just the interest on the deficit amount (Wikipedia,, 2005). Items included in the debt calculation include loans from banks, treasury securities, government bonds, unfunded liabilities, such as
pensions, bills for services and goods used and needed by the government and so forth (Wikipedia,, 2005). In 2003, the U.S. Treasury "borrowed" another $2.4 trillion from the surplus in
...