Category Archives: Politics

US Debt A Burden To Future Generations, USA US national security us debt Obama foreign investment fiscal policy debt ceiling

US Debt A Burden To Future Generations

US Debt A Burden To Future Generations, USA US national security us debt Obama foreign investment fiscal policy debt ceilingThe United States of America’s debt jumped by $328 billion this year making the total federal debt now stands at $17.075 trillion. This federal debt is owed by the government but has a significant impact on how the public lives, and how much they give back to the government. The amount the treasury can borrow is limited by the US Debt Ceiling.

Major concerns have been raised about the long-term sustainability of the US federal government’s fiscal policies. In the beginning of 2013, approximately $5 trillion (47%) of the public debt was owned for foreign investors, the largest of which were the People’s Republic of China and Japan at just over $1.1 trillion each.

To make matters worse, according to the Government Accountability Office,

“The United States is on a fiscally unsustainable path because of projected future increases in Medicare and Social Security spending, and that politicians and the electorate have been unwilling to change this path.”

What We Will See In The Future

As the national debt rises, the likelihood of the US federal government defaulting also increases; therefore the treasury will have to raise the debt yield. This reduces the amount of tax revenue available to be spent and what happens is the US has less money to spend on public activities; specifically economic enhancement projects become more difficult to execute.

The other thing that we are going is see is significant inflation. As the rate offered on federal securities increases, investments in companies in the US looks worse. Corporations will then need to start raising the prices of goods and services and hence inflation will likely occur.

The most imperative risk is the risk to the US national security, especially given the significant foreign investment from countries like Japan and China. When there is a risk of the US defaulting on its debt service obligation, they will (and are starting to) lose its social, economic and political power. What will this mean for the future of the ‘most powerful country in the world?’

This issue is a big one, and one that is extremely hard to understand, even for the brightest in our society. What we know for sure is that the US needs to do something about their level of spending and put an action plan together that aims to be more fiscally responsible. I’m nervous for the years to come.

Poll: 44% of French believe that Sarkozy would do better than Holland

Forty-four percent of French believe that Nicolas Sarkozy , had he been elected, would lead a better policy than François Hollande , 26% considered it to be “worse”, according to a Harris Interactive poll for LCP Louis on Monday. The work of François Hollande as head of state is it “better”, “worse” or neither one nor the other, “that would have done if Nicolas Sarkozy was elected “That is the question asked in this survey.

Poll: 44% of French believe that Sarkozy would do better than Holland, Sarkozy holland french president

44% answered “worse”, just over a quarter (26%) “best”, and nearly a third (30%), “neither better nor worse.” However, those respondents who voted for the Socialist candidate, overwhelmingly (90%), do not regret their choice, 10% being the opposite view. Poll conducted online September 13 to 14 with a sample of 1,098 people representative of the French population aged 18 years and over (quota method).

Economy, the greatest enemy of Obama in his campaign for reelection

The weakness of the U.S. economy, marked by high unemployment and the crisis in Europe, is the main enemy of the aspirations of reelection of President Barack Obama and the argument that dominates Republican criticism for its management.

Economy, the greatest enemy of Obama in his campaign for reelection, Obama elections campaign

United States has left behind the most complicated of the crisis, unlike in Europe, and its economy is growing, but slowly and remains the biggest concern among voters, according to all the polls agree.

“For many Americans think that we are still in recession,” because unemployment remains high (8.3%) and a large number of foreclosures, argued Efe Mark Weisbrot, co-director of the Center for Economic and Policy Research (CEPR ).

The slow economic recovery, “whether or not the fault is on the president, it reduces the chance” of being re-elected, according to Stephen Johnson, Center for Strategic and International Studies (CSIS).

However, there are two months before the elections which is on November 6 and if there are “positive indicators” as a drop in the unemployment rate or an increase in consumer spending, the president can draw on them to affirm the economy is going in the right direction.

This was considered by Thomas Schwartz, professor of political science at Vanderbilt University (Tennessee), who nevertheless told Efe that the crisis in Europe may continue to be “a burden” to the United States and “endangering” the aspirations of Obama.

The president is aware that his reelection is closely linked to the country’s economic recovery, which in turn depends on the evolution of the situation in Europe .

Therefore, in the short time he has devoted to foreign policy Obama in this election year has focused on urging European leaders to take steps to address the crisis, as the G8 summit in Camp David (USA) and G20 in Los Cabos (Mexico).

If the situation in Europe “worsens as it did earlier this year, could have an impact in the United States” and out of some undecided voters to Obama, said Weisbrot.

In his view, the Obama economic policies applied against the crisis “were good and helped save about 2 million jobs,” but his stimulus plan has failed to offset the loss of private spending that marked the collapse of the housing bubble and the cut in state and local budgets.

That plan, valued at 787,000 million and released by Obama shortly after his arrival in the White House was “necessary” according to Schwartz, who believes that, on the contrary, the reform set out compulsory health insurance in 2010 adopted “created uncertainty and may have delayed the economic recovery.”

For Johnson, the Obama administration has contributed a slow recovery with increased social spending and making the country “anti-business”.

“In our desire to have a safer country, we have made it more difficult to invest in it,” Johnson told Efe.

Obama recalls in many of his speeches he inherited the deepest crisis since the Great Depression and also that almost all economic measures, as an ambitious employment plan presented last September, have been blocked in Congress by Republican opposition.

By contrast, Republicans claim that the president is mismanaging the economy and its presidential candidate, Mitt Romney, presents his experience in business as collateral to return the country to the path of growth.

In fact, the economy is “almost alone” argument that has used the Romney campaign in their attacks on Obama, since President hoards recognized achievements in security and foreign policy, according to Allan Lichtman, professor of history at American University .

A survey by The Washington Post and ABC released this week shows that 72% of registered voters say the economy will be a “key factor” when they go to the polls.

46% believe that Romney would do a better job to boost the economy, compared to 44% who remained confident of Obama for a second term.

Afghanistan: U.S. military head’s plane hit by a rocket

Fortunately for him, and for the prestige of the United States, he slept in another place at the time of the attack. The plane’s number one U.S. military was hit to the ground by a rocket in the night of Monday to Tuesday at Bagram Air Base in Afghanistan. This attack has two minor injuries among U.S. soldiers.

 

Afghanistan: U.S. military heads plane hit by a rocket, us military NATO General Dempsey
Two rockets in total were fired overnight on the vast Bagram Airfield, the largest military air base in the country. Bursts caused by one of the shots hit the door of the C-17 General Dempsey, said Dave Lapan, a spokesman. Damage to the unit led the Chief of Staff of the U.S. military to use another plane to leave Afghanistan in mid-day, after a two-day visit. Attacks of this kind have killed 40 people

This year the rocket rebel military bases of NATO in Afghanistan are quite common , including at Bagram, but they are rarely victims or serious damage, according to the international force of NATO in Afghanistan (ISAF) led by the Americans. “There is no indication that the attack was for this particular aircraft,” said a spokesman for ISAF, explaining that nothing distinguished the plane of General Dempsey other C-17 present with him on the tarmac . The general arrived Sunday in Afghanistan for talks amid concern in the face of the proliferation Isaf attacks against Western soldiers. Attacks of this type has been occurring almost daily since last week. About 40 people have been killed and this year in the ranks of the ISAF, 300 men in total have been lost. Western military coalition that ousted the Taliban from power in late 2001, has been supporting the Kabul government and its security forces against the rebellion triggered by the same Taliban.

Security: Holland promises additional staff and resources

Security: Holland promises additional staff and resources, “The government will mobilize all its means to fight against violence,” said Francois Hollande. Two months after the death of two policemen Berthaut Audrey, 35, and Alicia Champlon, 29, the head of state visited on Tuesday Pierrefeu-du-Var (Var), precisely 100 days of his election, the President has once again interrupted his vacation to address the issue of security, “not only a priority but an obligation.”

Francois Hollande promised additional staff and resources for police and gendarmerie. The President ensures that the state will mobilize all resources to fight against insecurity more resources, more intervention, more coordination between security forces, justice and local government. Francois Hollande has praised the work of police and gendarmes for ensuring confidence in the security forces.

Before his speech, Francois Hollande met in private with the family of Audrey Berthaut, shot in Collobrières June 17, alongside Alicia Champlon. Although they welcomed the “care” of the president, his father “regretted that he did not come forward,” seeing it as an operation of “communication”. “In my mind, it’s two months too late, we had to do the national tribute  in Hyères, ” says Claude Berthaut. At the funeral of two policemen on June 22, Francois Hollande, returning from a meeting of G20 in the United States, was represented by his Deputy Chief of Staff. Claude Berthaut has instead paid tribute to the Minister of Interior, Manuel Valls, “which has shown great concern for (his) family” and the defense minister, Jean-Yves Le Drian, according to him, he came to pray with discretion, “without fanfare” before the coffins of two policemen. This shift also coincides with the violent clashes between police and young people, who kindled the neighborhood of Amiens-Nord, on the night of Monday to Tuesday. Sixteen policemen were injured . Saturday, Francois Hollande had already made a foray in the field of safety by visiting the bedsides of victims of a robbery at Grenoble University Hospital. Upon leaving the hospital, he announced that Grenoble could join the list of priority areas of security, which is part Amiens-Nord.

Egypt: six dead in a clash in Sinai

Egypt: six dead in a clash in Sinai, The tension is even escalated to the Israeli-Palestinian border. The Egyptian security forces Sunday killed six men armed during a raid in a village in Sinai presented as an antiterrorist operation. State television had earlier said that nine people – six militants and three soldiers, were found dead in a major operation of the army against terrorism, but a security source said that the three soldiers were killed in a road accident elsewhere in the peninsula.

“Security forces conducted a raid against a small house in the village (al-Joura) and there was a firefight,” said a witness under cover of anonymity. “They killed six people and left the body, then returned with ambulances and a fire truck to take them,” he added. Another witness, who described the gunmen as “strangers in the village,” said the six men were killed in crossfire when security forces entered the house where they were hiding. American and Egyptian trying to secure the Sinai Peninsula The Sunday raid comes as the Egyptian army continues to strengthen its presence in the Sinai with new shipments of tanks and armored vehicles to try to capture or kill the militants responsible for an attack Sunday 5 August that killed 15 Egyptian border guards and was attributed to “Islamic terrorists”. A senior Egyptian security had accused shortly after the attack of “jihadists” from the neighboring Gaza Strip of being behind the attack. This is the most serious attack against Egyptian forces in the peninsula since the peace accords of 1979 Israeli-Egyptian, who returned the Sinai to Egypt. The Egyptian authorities have pledged to regain control over this region sensitive, close Israel and the Palestinian enclave of Gaza, experiencing a strong resurgence of insecurity since the collapse in February 2011 of President Hosni Mubarak.  The New York Times, the U.S. and Egypt are trying to set establish a new security plan to address the worsening situation in this desert region. Citing unnamed sources, the U.S. daily says that the U.S. Department of Defense talks with the Egyptians in a series of options to share information with the Egyptian army and police in the Sinai.

3 NATO soldiers killed in Afghanistan

3 NATO soldiers killed in Afghanistan, Three NATO soldiers and one Afghan were killed Wednesday in a double bombing suicide committed by insurgents in Kunar province, eastern Afghanistan.

“Two suicide bombers targeted U.S. troops this morning, counselors, which marched from their base close to the governor’s building of Kunar”, said Mohammad Aywaz Naziri, the police chief of the province.

This attack comes in the wake of an attack in Kapisa province, which  killed a French soldier and wounded another.