Greece has dealt with debt issues for years while simultaneously suffering from a stagnant, lagging economy. Some argue that Greece must slash spending and enact severe austerity measures. Others argue that these measures will make Greece's economy even worse by increasing unemployment. Explain both sides of this argument. Which do you agree with? Why?
What will be an ideal response?
High debt levels have been endemic in many developed countries since the turn of the
century, due in no small part to the 2008 global financial crisis. Greece, for example,
has perennially dealt with debt issues, and controversy still surrounds the tight fiscal
policies that the country is forced to enact to reduce its debt. Indeed, since 2009,
Greece has cut its total government spending by over 32 percent between 2009 and
2011 . These cuts have translated into massive layoffs of government employees,
decreased spending on social services—including a 40 percent reduction in public
health expenditures—increased taxes, and higher ages for retirement.
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President Reagan was not a popular executive
Indicate whether the statement is true or false
Conference committees __________.
A. are temporary bodies composed of senators and representatives B. are composed of all majority-party members C. meet to override a presidential veto D. meet to schedule annual party caucus events
For political scientist Stephen Skowronek, the federal bureaucracy was ______.
a. more fragmented and decentralized than European counterparts b. highly centralized in comparison to that in other Western nations c. more hierarchal in nature when compared to other democratic institutions d. more open and democratic than other bureaucratic systems around the world
The General Welfare clause of the Constitution is important because it
A. established the economic welfare programs we have today. B. helped to outlaw slavery, by providing for slaves' welfare. C. weakened the Constitution, relative to the Articles of Confederation. D. could mean almost anything. E. provided for the well-being of military officers.