US fiscal deficit Annotated Bibliography Example | Topics and Well Written Essays - 750 words

US fiscal deficit - Annotated Bibliography Example "Long Term Fiscal Imbalances, Us External Liabilities and Future Living Standards". The Long-Term International Economic Position of the United States. By Bergsten, C. Fred. 1st Ed. New York: Peterson Institute, 2009. 11 - 23. Print. This chapter of the book focuses on the rising deficit of USA , decreasing savings among corporate and households and increasing external debt liabilities of USA. It explores the interrelationship among the three. It warns that exports from USA are continually decreasing with the rise of China which makes our external debt huge. This external debt coupled with fiscal deficit can cause problems for the economy in future if the saving rate does not increase. Conason, Joe. "Dick Cheney was right : Deficits dont matter and Republicans who are complaining about Barak Obamas spending are hypocrites." 2009. Web. 19 Mar 2013. . This article is about 2 major points. The first point which has been raised is that although Republicans are having been responsible for raising most of the United States debt. The second point mentioned is that national debt does not really matter provided that it is incurred to create long term growth for the country. Productive debt which kick starts the economy is much more beneficial in the long term which more than covers the short term negative effects of the debt. Concordcoalition.org. "Understanding the Federal Debt Limit | The Concord Coalition." 2013. Web. 19 Mar 2013. .

Saudi Arabia Research Paper Example | Topics and Well Written Essays - 500 words

Saudi Arabia - Research Paper Example government has used the oil wealth of the country for the benefit of its people and it has put a lot of investment not only in infrastructure but also in education (Khatib, 2011). In fact, it can be said that some of the infrastructure in Saudi Arabia is better developed than that in the United States. The cities of this country are also very well planned and built and these are designed in very modern architecture. It is actually a breathtaking site when one approaches a Saudi Arabian city from a distance; it is truly an image of a beautiful oasis in the desert. This country has a very extensive social welfare system that caters for all its citizens and one could dare argue that the Saudi Arabian social welfare system actually functions better than the one in the United States (Wiley, 1999). Many in the United States believe that since Saudi Arabia is a traditionalist society, it does not have the necessary development to be in the modern world. The American image of Saudi Arabia is one of nomadic Arab tribesmen moving from place to place in the desert with nothing better to do than breed religious fanatics (Kamran, 2000). This image of Saudi Arabia is a very bad stereotype of the people of this state because most of the population of this country stopped their nomadic lifestyle more than half a century ago and in fact, many today live in the urban areas. The people of Saudi Arabia have adopted many of the ways of the Western world and this include the use of cars to travel instead of camels, many wear Western clothing (especially the men), and most of all, they live in houses which have been built in the modern style. The popular opinion in the United States is that Saudi Arabia is an extremely fanatical society when it comes to religion (Harris, 2003). This image only applies to a few of the people in this society because the majorities are surprisingly very liberal in matters concerning religion. Moreover, they only appear to be fanatical because of their