Is it better to think about commitment deficit as a projection by Essay

Is it better to think about commitment deficit as a projection by politicians, rather than as a true reflection of Australia - Essay Example There is the possibility of reorganizing or refunding debts of the federal government. In order to take these steps, there needs to be evaluation and assessment of refunding or reorganization of debts. A good way that the federal government could reorganize or refund its debts obligation is whereby the city’s administrators highlight upon the debts with high interest rates. These types of debts can hamper the government’s ability to perform other financial duties or obligations. Therefore, refunding would imply that the government would add new debt to the existing debt kitty. In turn, the government would be forced to increase debt in order to facilitate payments of both interest and the existing debts. If the government’s new debt can be increased at high interest rate, this would offer economic prosperity and other possible benefits may be realized in case the interest rates decrease such as transforming the conditions of the debt that may permit the local gov ernment of Seattle to revise their payment plan that may assist with short-term budget demands2. Refunding debts to substitute a lower interest rate may poses some economic merits, if other transformations are made, like term, there is a probability that there will be a net rise in the debt costs over the debt’s term3. ... The federal government may provide financial help in quarterly or annual terms. Another alternative is for the city to try to maximize revenues gathered. It is true that a budget is an itemized summary of intended expenditures of a certain period with proposals for financing them. Further, I concur that budget deficit are inevitable because of spending usually outweighs income. This in turn makes the government to increase taxes, raise debt ceilings, consolidate public debt, and decrease spending. In order to avoid spending, it is rational to include major budget cuts in departments such as The Executive Office of the President, Department of Housing and Urban Development, Department of State and Department of Treasury and department of Defense. Government is spending more than it is bringing in. This practice usually plunge it in financial crisis. As we can see, debt can only ruin you, whether it is in your household, city, or nation. In addition, in order to avoid debts or bankrupt cy, we make sure to pay our credit cards and we really try not to take out loans for school and vehicles. If an individual were to run a deficit on his or her household that implies that, an individual is spending more than he or she is making. Consequences for this would be bankruptcy, credit destroyed, and our house and vehicles could be taken away. It is significant to note that in order to avoid debts or bankruptcy it is rational to introduce budget cuts in every department, as this will reduce spending5. Policies, which are commonly considered for reducing a current account deficit 1. Devaluation This is where the value of the currency against other currencies is reduced. When this is utilized, there is an increase in the price

Democracy and the foreigner Essay Example | Topics and Well Written Essays - 4000 words

Democracy and the foreigner - Essay Example The Social Contract Or Principles of Political Right (1762) is one of the most influential works of Jean-Jacques Rousseau, in which the philosopher brilliantly theorised about social contracts and political order. Similarly to John Locke, Rousseau believed that a government could be legitimate only in case if it had been sanctioned by the people acting as the sovereign. The 'general will' concept and other novel ideas expressed by Rousseau in the Social Contract probably played a pivotal role in setting the stage for deep political reforms and revolutions which occurred in France and other European countries in the subsequent decades. The concept of 'general will' introduced by Rousseau in this work immediately generated intensive debate in Europe. The scientist suggested that without personal input from the people in determining 'general will' there can be no legitimate government. This concept involved criticism of the traditional notion that the King was appointed by God to legisl ate. Instead, Rousseau proposed his own vision of the legislative process and the legislator. Democracy is commonly considered as the best form of government these days. Contemporary scholars such as Robert Dahl, Anthony Arblaster, Benjamin Barber, Andrew Heywood and many others express various views on the nature of modern democracy. Consequently, there are several models of democracy described in works of these authors. According to Professor Robert Dahl, one of the most prominent political theorists of nowadays, modern democracy has four historical sources: the direct democracy in ancient Greece, the republicanism of Roman and Italian city-states in the Middle Ages and Renaissance, the theory and practice of representative government, and the idea of political equality (Dahl 1989). Political ideals and aims of the classical Athenian democracy were expressed by the outstanding Greek philosopher Aristotle in The Politics between 335 and 323 BC. Aristotle identifies liberty as one of the founding principles of the classical democratic constitution. The philosopher argues that liberty has two major aspects, namely: 1. Ruling and being ruled in turn; 2. Living as one chooses (Aristotle 1984) According to Professor David Held (1996), the Athenian democracy had the following institutional features. Firstly, assembly of citizens had sovereign power, that is, supreme authority, to engage in legislative and judicial functions. The citizenry as a whole formed the Assembly, which consists of each and every citizen of Athens. The Assembly met more than 40 times a year, and it had a quorum of 6,000 citizens. The Athenian concept of 'citizenship' entailed taking a share in legislative and judicial functions, participating directly in the affairs of the state. That is why the classical Greek democracy is called 'direct democracy' (DeTorre 1997). Modern democracy differs significantly from the initial forms of this political order. Experience accumulated over centuries of political history made many understand that democracy must be constantly watched and defended. Since the growth of population made it impossible to apply the same set of