Political parties are broken! They’re not serving us anymore; economic policy is all over the place.
So, if you’re ready for some new opinions on how to make this country better, click “like” and read on. Maybe someone like me can deliver the change we need.
The Basics: In 1994, Democratic U.S. Senator Roland Burris was appointed as the interim President of the United States by Bill Clinton after the election of former Illinois Governor and U.S.
Attorney General Dick Durbin was delayed by a legal challenge from Burris’ opponent in the election, Republican State Attorney General Neil Hartigan, who lost his position to Burris and became a professor at law school at Chicago-Kent College of Law.
Burris served in the post until 1996 when he chose not to run for re-election.
Interviewed in August 2010 at his home in Evanston, Illinois, by the Copernicus Group. Burris’ background includes working as an advisor to U.S. President Bill Clinton and United States Secretary of Commerce Ron Brown during the Clinton administration; founding “The Third Way,” a think tank which advocates for center-left ideologies, and serving as CEO of First Bank Corporation, Chaplain for the Ford Ford Foundation, and President of the University of Chicago Alumni Association.
He currently serves on several boards, including Northwestern University’s Medill School of Journalism , Powering The Future Foundation , and others.
Here topnewsdesk.com/ this shows facts about economy :
- The majority of the US and the world economies (especially emerging and developing countries) face stagnation in terms of growth and technological advancements.
- The US employers in major industries such as steel, automobile, commercial banking, oil, retailing and many other sectors are struggling to find skilled labor.
- The unemployment rate for young people (age 15 to 24) in the United States is nearly 20% which is very high compared to similar countries like Germany (9%), Sweden (7%) and Finland (6%).
- In a hurry? These are some numbers from August 2010: The unemployment rate for black Americans has grown from 13% in 2003 to 16% , while white unemployment has remained stagnant at 7%.
- Taxes are the highest in the world. U.S. taxes are higher than in Canada, Sweden, Norway, Japan and Germany.
- The United States is spending nearly 50% of its total budget on foreign military expenses and more than 5% of its GDP on defense costs.
- The U.S. government deficit was $1 trillion in 2009, including $1 trillion in emergency spending by the federal government to help bail out banks, auto companies and other businesses left in the lurch by the financial crisis of 2008 .
- The U.S.’ current debt is approximately 10% of its GDP (roughly $10 trillion), which is also the largest amount in the world (China’s debt was 9% of their GDP).
- The United States spends much less on healthcare than many other countries around the world.
- The United States’ national debt is currently greater than the gross domestic product (GDP) of several countries including Spain, Britain, Japan, Germany and France.
- The U.S.’ GDP was approximately $14 trillion in 2008 whilst its net debt is now around $10 trillion which is the highest in the world .
- Total household debt reached a new high of $11 trillion in 2009 increased by 14% since 2008 .
- Total consumer loans outstanding have increased by double digits since 2006 .
- A new study by two economists, William Poole and Stijn Van Nieuwerburgh , has found that pushing interest rates even further into negative territory could actually help to boost the economy .
- “There are some worries that the gap between rich and poor is widening, which are being ignored by many people,” said Burris. “We have to do something about it. I’ve been trying to do something about it but no one else is doing anything.” (Burris was remiss in not mentioning what he felt should be done.)
- “I’ve tried to go out and recruit some people to run for the Senate as a Democrat. I’d like to see some Senators that had some ideals that they wanted to accomplish.”
- In 2010, the U.S. gross domestic product had grown at a rate of 0.5% from 2009, from 3% from 2008 and from 4% from 2007 .
- “People say the states are going bankrupt because they have a lot of debt but their tax revenues haven’t fallen off.” Burris blamed Wall Street for helping fuel the crisis by encouraging people to buy homes they couldn’t afford and recommended looking toward cities like Canada which don’t have as much financial power concentrated in one sector of its economy .
- “We have to make sure we get the benefits of our young people, of an educated workforce and more technology, the internet… If you’re not moving forward you get left behind.”
- “The United States is such an important country in the world, everyone counts on us to get things done and we’re not doing it,” says Burris .