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What does Zambia wish to gain from the close relationship with the US and Obama Administration?
Wiki User
∙ 11y ago
HOW CAN ZAMBIAN ECONOMISTS LEARN FROM FISCAL CLIFF November 20, 2012 | Filed under: Business | Posted by: admin
WHAT CAN ZAMBIAN ECONOMIST LEARN FROM FISCAL CLIFF - USAYou're probably hearing a lot about this "fiscal cliff" thing nowadays. But unless you live in DC, work on Wall Street, or sleep with a copy of Pete Peterson's autobiography tucked under your pillow, it's possible that you have no idea why everyone is freaking out.Luckily, your ignorance can be cured. By learning some rudimentary facts about the fiscal cliff, you'll be able to pontificate on today's political and economic landscape like a pro, and you'll have ammo to impress your friends at cocktail parties between now and the New Year.
WHAT IS FISCAL CLIFF?It's fiscal. As in, relating to government finances.Well, Fed Chairman Ben Bernanke coined the term "fiscal cliff" last February. And it caught on, despite the fact that it doesn't do a very good job of explaining the potential consequences of a failure to reach a deal. After all, the spending cuts and tax changes that would kick in on January 1 wouldn't destroy the economy overnight. They would kick in slowly, and intensify over the course of months. So people are saying that, instead of evoking terror with the name "fiscal cliff," we should call it the "fiscal slope" or the "fiscal obstacle course."
President George W. Bush signed a massive round of tax cuts. The tax cuts were supposed to expire ten years later, in 2011. President Obama later extended the expiration date to January 1, 2013. After that, your rates will go back up to the rates you paid in 2001. A bunch of other tax changes, like the expiration of a "payroll tax holiday" and the elimination of some tax credits, will also hit on January 1, meaning that no matter how much you pay now, you'll probably pay more after the new year unless there's a deal.
A lot of Republicans think any tax hikes are evil and fascist and anti-growth. And Democrats, led by President Obama, have promised to increase taxes on the wealthy to help close the deficit, while keeping the rates paid by the middle class more or less where they are. So basically, you have plenty of room to hate just about anyone you like.
Well, the other major part of the fiscal cliff is the implementation of the sequester. The sequester is a fancy word for a set of deep spending cuts that will kick in automatically in January if there's no deal. These cuts were dreamed up in 2011, when the Budget Control Act was passed, to motivate Democrats and Republicans to work together on a compromise for reducing the deficit by making them scared of what would happen if they didn't.
THE QUESTION is how can Zambia reduce its deficit? This is the time Zambian economists should pay attention, watch every activity the Obama government is doing. Well, I know that the economies are different but certain information can help Zambia. Its time Zambia reduces its debt and manage the economy better
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∙ 11y ago
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Is Barack Obama close friends with Oprah Winfrey?
They are not what you would call "close" but they are certainly good friends and have a very positive relationship; Oprah is also friendly with Michelle.
Can you discuss the ecology and culture of public administration in the light of your Country's close relationship with US and Mindanao conflict escalating.?
hahaha lol to that :)
What is oprah's relationship with Barack Obama?
They are friends, although there is no evidence they have a close friendship; Oprah is also friendly with Michelle. They all knew each other in Chicago, and Oprah later supported Barack Obama's first presidential run in 2008.
Who is the richest between the Obama and gadafi?
Actually, President Obama is not anywhere close to being as wealthy as Gaddafi was.
What is a close meaningful relationship between you and an individual called?
Friendship
Who was Barack Obama close to while growing up?
his mom
Did Obama nearly get killed?
No close calls have been reported.
Where is Livingstone Located?
''Zimbawei Africa [close to Victoria Falls]'' The correct spelling is Zimbabwe and Livingstone is in Zambia not Zimbabwe.
What percentage of blacks in Alabama voted for Obama?
Nationaly blacks voted 96% for Obama. I'm sure Alabama was close to that.
What is to close?
Tanzania is close to Uganda, Kenya, Malawi, Rwanda, Burundi, Zambia and Mozambique. it basically borders all these countries. Lake Victoria, Lake Tanganyika and Lake Malawi can be found close to Tanzania
What was a goal of a Whig party?
A close relationship between business and government
How is the relationship between Obama and Netanyahu?
Mr. Netanyahu is a long-time friend of Mitt Romney, as well as very hawkish in his views on foreign policy, so it is not surprising that his relationship with Mr. Romney (and with certain neo-conservative Republicans) has been much more cordial than his relationship with President Obama. That said, Mr. Netanyahu understands that he needs a positive relationship with the United States government, and he has been careful not to sabotage it, whether he personally likes President Obama or not. Thus, the two leaders have maintained a professional and courteous relationship, even if they are not especially close. And it should be noted that contrary to a number of partisan myths from Republicans, Mr. Obama's policies towards Israel have been the same as those of Presidents Bush and Clinton, and the president has shown himself to be very much a supporter of Israel's safety and security.
