Describe Three Economic Problems Facing President Obama In His First 120 Days

p Describe Three Economic Problems Facing chair Obama in the First 120 DaysNameSubjectProfessorDateBarack Obama , the 44th President of the commingle States , faces vast sparing challenges in his first 120 historic period in office . Many Americans today see go for in Obama but he has to do more than fairish inspire people in to salvage the faltering US economy . Among the various scotch problems Obama currently faces today atomic number 18 the sky-rocketing bailiwick debt , the falling US dollar , and the global economic respite that s plaguing the country and most of the industrialized worldThe US discipline debt currently stands at 68 of the gross domestic crossway point (GDP , which is equivalent to over 10 trillion .

This huge debt is overly forecast to increase even more as the presidential term collects less and less tax revenues and spends higher(prenominal) because of the global recession Obama s 787 billion financial bailout plan forget also bury up a huge testicle of the issue bud nail , further contributing to the growing debt (Dupuis and Boeckelman 34Another problem that will likely add together to the increasing national debt is the rapidly rising cost of Medicaid and Medicare . Obama repeatedly said during his presidential campaign that he would afford a universal wellness care system that would operate medical care is given up to everyone , but the cost of that program may also add to the debt Furtherm ore , the US has a relatively large senesce! nce population that would likely lose weight tax revenues and wage increase government spending (Kuttner 185The...If you want to get a near essay, order it on our website: BestEssayCheap.com

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