2-1-4 Essay Example | Topics and Well Written Essays - 500 words

2-1-4 - Essay Example Two major fiscal policy tools are government spending and taxation. Government, through its fiscal policy changes the composition of taxation in order to maintain sustainable growth of the economy. Taxation system is the main source of earning of any government. As a result it is very important to control the system in accordance to the requirement of the economy. Governments control the taxation system through its fiscal policy. Another tool is government spending. It is also important in the context of the economy of the country. Importance and applicability of government spending has become clearer during the period of current global financial meltdown when governments have spent millions of dollars to save their respective economies and important organizations who were in trouble. It is found that the budget deficit of United Kingdom in the period of 2008-09 was around 90 billion Euro. It is also found that the difference between the tax receipts and government spending was almost 12 billion euro (Seager, A. 22 April 2009). According to EU Business, budget deficit of Germany will be more than 4% of total GDP in 2010 (EU Business, 14 January 2009). According to European Union’s growth and stability pact, each and every EU members must maintain its public deficits lower than 3% of GDP. Member countries must also keep their public debt below 60% of total GDP. US fiscal policy is found to be very much aggressive as compared to the fiscal policies adopted by the EU members. According Timothy Geithner who is the Treasury Secretary of U.S., the country will see more aggressive fiscal policy in future (Reuters, Feb 3,

Argument Essay Example | Topics and Well Written Essays - 1000 words - 1

Argument - Essay Example The discourse would present a separate examination of each article’s arguments including supporting contentions. A concluding portion would then assess which editorial was deemed most effective. Editorial One: Australian gun control holds lessons for U.S. The editorial article entitled â€Å"Australian gun control holds lessons for U.S.† published online in the USA Today on December 18, 2012 proffered issues that apparently compared the measures taken by Australia in terms of gun control. As an editorial article, the author comes from the Editorial Board, but was not specifically identified. The article’s main thesis was despite sharing similarities between the United States and Australia in terms of having previously experienced violent deaths due to indiscriminate firing of guns, Australia’s gun control policy which was enforced after a 1996 shooting eventually solved the dilemma. According to the discourse, Australian law on gun control necessitated cat egorizing firearms into five distinct classifications, where â€Å"some of the deadliest assault-style weapons and large ammunition clips are now all but impossible for individuals to lawfully own. (Further), firearms are subject to a strict permitting process, and dealers are required to record sales, which are tracked by the national and territorial governments†¦ (In addition,) the law encouraged people to sell their firearms back to the government, which purchased and destroyed about 700,000 of them† (Australian gun control holds lessons for U.S. pars. 4 & 5). Due to the passing of this law, the report disclosed that evident result was no violent gun-related incidents ever occurred. The author used logical arguments through the support of evidential historical records and citing credible findings that apparently revealed the effectiveness of gun control through the law enforced by Australia. However, to verify the details, one made a quick research on the veracity of the facts through a report entitled â€Å"Firearm related deaths in Australia, 1991 – 2001† (Mouzos and Rushforth). The report revealed that although there was a decline in the number of firearm related deaths of 521 in 1996, there were still 437 deaths in 1997, 327 in 1998, 353 in 199, 331 in 2000 and 333 in 2001 (Mouzos and Rushforth). The information therefore clearly negates the assertion that no gun-related incidents ever occurred after enforcement of the gun control law. Editorial Two: Gun rights and gun control aren't necessarily exclusive From the Denver Post, the editorial article entitled â€Å"Gun rights and gun control aren't necessarily exclusive† published online on September 23, 2012 was likewise written by an unnamed member of the editorial board. The main argument that the article was disclosing apparent preference of the American public through public opinion polls which disclose that â€Å"polls in recent years have consistently affirmed that Americans believe it's more important to protect the right to own guns than to enact gun control† (Gun rights and gun control aren't necessarily exclusive par. 6). The discourse likewise made mention of advocates for the right to bear and keep firearms pursuant to the Second Amendment, to wit: â€Å"