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Running Head: Article SummaryArticle SummaryCustomer`s NameCustomer`s Course:Tutor`s Name:1st march, 2013. 1 Cliff Deal Seen Hitting Growth by Phil Izzo on January 10, 2013 from http://search.proquest.com.ezproxy.liberty.edu:2048/docview/1268201962.FISCAL POLICY SOCIAL SECURITY GROSSES DOMESTIC PRODUCTThis article is written by several authors is response to the experienced short falls of the fiscal cliff. It is reaction by economic students expressing on the consequences of the shortfall and come up with solutions to assist in the fight against the cliff. The first scholar Jeffry Sachs from the University of Columbia says that the government is spending the 23 percent of the gross domestic product. The percentage includes 13 per cent as mandatory transfers to social security, food, Medicare, the veterans benefits of retirement, retirement benefits for the military among other recurrent expenditure that the government goes through each of the financial year, 2 percent is the interest, 4.5 percent to the military for the purpose of national defense and finally 3.5 goes to the civilian programs that are meant to keep the civil service in form. The negative unintended consequences are that the taxes amount to 16 percent of the total gross domestic product (locally produced goods which amounts total of the goods) which alternatively would have 17 to around 18 for a strong economy. The President Bush had issued tax cuts which are thereby leading to the decrease in the government revenue. The tax cuts are what are leading to the failure by the government to be able to cater for the bills. That is the only solution to avoid the decline. The above consequence in consideration of the fact that the government is still some more money in war and the budget are what are inducing the fiscal cliff. 2 Bernanke Affirms Bond Buying by Hilsenrath Jon. on February 27, 2013 from http://search.proquest.com.ezproxy.liberty.edu:2048/docview/1312538940ECONOMIC GROWTH FEDERAL RESERVE BANKINGThe article talks about the importance if the Federal Reserve to continue buying bonds for the purpose of keeping and stimulating the economic growth. The treasury bills bonds and notes are a safe way of investing in an economy as they are usually backed by the government. Last year, the bonds had increased to the climax of the demand. By buying the bond, this will be like releasing the funds to the economy. The spending will assist in the recovery of the economy of the country which it is not in good state. Though the government should monitor the way it is spending to avoid pumping so much money into the economy.