Budget Crisis: Who Should Bear the Burden of Reducing the Deficit and Debt?
商品編號：9B11M076
出版日期：2011/08/16
再版日期：
商品來源：
商品主題：General Management/Strategy; International Business
商品類型：Note
涵蓋議題：Government and Business;Business and Society;Economic Crisis;Loan Requirements;Eurozone;United States
難易度：4 - Undergraduate/MBA
內容長度：3 頁
地域：Global
產業：Public Administration
事件年度：2011
By 2011, many nations had experienced an escalation in deficits and debt. It appeared that some might be unable to service their debt, and might have to default. The United States had a budget crisis in which “left-wing liberal” Democrats wanted to raise taxes on the wealthy while “right-wing conservative” Republicans wanted to cut expenditures. A philosophical divide existed over the role of personal responsibility versus the role of government. In the European Union, the “PIIGS” — Portugal, Italy, Ireland, Greece, and Spain — seemed on the verge of default, and other members of the eurozone created new loan programs to assist them in their budget crises. However, these loans included a requirement to move towards balanced budgets. Citizens in the borrowing nations objected to the severe tax increases and expenditure cuts, while citizens of the successful nations asked why they should have to pay. It was not clear who would bear the burden of reducing the deficits and debt.
教學手冊：Budget Crisis: Who Should Bear the Burden of Reducing the Deficits and Debt? - Teaching Note
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