Securing America and Safeguarding Civil Protections
Acquiring America and Protecting City Liberties
Shanon Joy Cooper
Ashford University or college
Pol201: American National Government
July 2, 2012
In all aspects, the economic crisis of 08 вЂ“ 2009 has and is affecting millions of Americans. One key factor to the financial disaster in the American economy continues to be greed simply by not only the us government, but businesses and persons. Our federal government from the Chief executive, Congress, the Secretary with the Treasury, and last but not least, the Federal Book, has every had a adding to factor in permitting the overall economy to happen. Since the Chief Guardian of the Overall economy, our president has to be involved with the lack of employment rate, income taxes, and the success of the United States all together. In stating this, the president does not have any control over the economy. His participation as the primary Guardian in the Economy should be to oversee that help it to perform smooth and efficient.
Our elected representatives has several key functions within the safety of our economic climate. They have the power to regulate the commerce. To do so , they will place taxes on brought in goods and in addition they can also generate trade contracts with other countries. They have charge of two key elements in our economy, one staying taxes plus the other is definitely government spending. Congress has the power to keep each of our economy secure by decreasing and/or raising taxes. The moment our economic climate is in a slump, our elected representatives has the power to reduce taxes. As a result allows the individuals to have more money to spend. When ever society spends money, this in converts helps the economy. When the economic system is doing too well, our elected representatives may dread inflation. If perhaps congress anxieties inflation, they could raise fees. When taxes are increased, this handles spending, hence limiting the number of cash flow that folks have inside their possession.
Our elected representatives can also impact the economy with government spending. They have the power to spend the government's cash. By stating this, they will increase joblessness benefits or extend the time frame intended for unemployment benefits. They also may allot more income to additional government agencies pertaining to road work, etc . During these moments it creates careers. When people have jobs, they tend to spend cash. When people spend some money, it gives the economy a boost.
Our Secretary from the Treasury has many responsibilities. They are responsible for making sure the security and well being states financial devices. They are also in charge of the promotion of economic prosperity. This department not only operates the country's financial infrastructure however they must maintain it as well. They maintain the production of coin and currency. They will disburse repayments, collection of income taxes, and funding of foreign currency in order to work the federal government. To be able to promote and encourage global economic progress, the department works with overseas governments and international banks. The key task of the office is to forecast and prevent the economic and financial crisis's that may affect the United States. One more key function is improving security for each of our nation. They will enhance secureness by improving the safe guards of our economical systems. They need to implement economic sanctions against foreign risks.
Mission of the Secretary from the Treasury
Maintain a powerful economy and create financial and work opportunities by promoting the conditions that allow economic expansion and stableness at home and abroad, improve national protection by dealing with threats and protecting the integrity from the financial system, and manage the U. S i9000. Government's financial situation and assets effectively. (http://www.treasury.gov/about/role-of-treasury/Pages/default.aspx)
The Federal Reserve System of the us is known as our " Central BankвЂќ. Congress founded the Federal Arrange in 1913. The duty in the Federal Book was to implement a safe, adaptable, and stable financial system intended for the United States. Since 1913, the roles of...
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