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Papers On Fiscal Policy
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Costs of Rebuilding New Orleans
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A 4 page paper discussing the macroeconomic costs of rebuilding New Orleans in the wake of two record-breaking hurricanes and the floods resulting from levee breaks. The paper suggests that reestablishing the French Quarter as a tourist attraction and giving 10,000 households $100,000 each perhaps could be more beneficial than intense government involvement. Empowering families to make their own decisions about their futures can create and fuel economic activity that government spending cannot, creating a self-sustaining economy rather than a sinkhole for tax dollars. Bibliography lists 4 sources.
Filename: KSnewOrlRebld.rtf

Earned Income Credit
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A 5 page paper which examines various aspects of the earned income tax credit. Included is a story involving a particular case which illustrates the conditions of an individual who is eligible for this credit. Also included is a legal questionnaire that illustrates what is necessary for one to get this credit. It is a very beneficial program that hurts many more individuals than it ever helps and is a program that should, by all means, still continue in this country that is so adamant about ridding the country of welfare. Bibliography lists 8 sources.
Filename: RAeicredit.wps

Economic Policy of Three Presidents, 1989-2003
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A 7 page paper discussing the economic policies of Presidents George H. Bush (1989-93), William J. Clinton (1993-2001), and George W. Bush (2001-present). Five tables list Dow Jones and S&P 500 averages; interest rates, unemployment rates and personal income for each year. Thankfully, the three presidents of 1989-2003 could see the value of maintaining a largely hands-off policy regarding the economy. George Bush Senior preserved Reagan’s changes so that they could have full effect; Clinton instituted NAFTA and Welfare-to-Work, easing existing pressures. To date, it appears that George W. Bush has no domestic economic policy, but the lessons of the past indicate that too little action is much to be preferred over too much, too late. Bibliography lists 5 sources.
Filename: KSeconPol3Prez.rtf

Economic Recession
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A 3 page research paper that examines how "recession" is defined, how it is determined by the National Bureau of Economic Research (NBER) and status of the latest economic recession that began in March 2001. The writer discusses NBER's announcement that this recession is over and how the monetary policies of the Fed affected ending the recession. Bibliography lists 5 sources.
Filename: khrecess.rtf

Economic Stimulus Action
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A 6 page paper discussing the need for economic stimulus following the terrorist attacks of September 11, 2001. On September 10, 2001, the stock market was uncertain but holding its own, and many of the nation's largest companies were announcing disappointing second quarter business results. After the longest period of economic expansion known in modern times, the US economy had entered a decline that some are saying is a recession. Others are not as quick to use the dreaded "R" word, and point to strong performance in several sectors. The attacks pushed the already-teetering US economy off the cliff, however, and the government will need to take direct action to stimulate the economy. Bibliography lists 4 sources.
Filename: KSeconStimu.rtf

Economics and Society: Questions of Today
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A 6 page discussion of the interrelationships of layman concerns regarding the economy and world affairs and fiscal policy. Provides numerous historic examples of these interrelationships. Concludes that the burning questions of economists are inextricably tied to the questions of the layman. Bibliography lists 6 sources.
Filename: PPeconSo.wps

Economy Needs in 2008
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A 4 page paper recommending three areas that Obama needs to focus on as he takes office in 2009. They are Social Security, Medicare and halting any further blurring of the lines of boundary between the public and private sectors in business. It is the last area that needs first attention, for it directly affects the future of both Social Security and Medicare. Bibliography lists 5 sources.
Filename: KSecon3areas.rtf


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