Description
Required to submit an approximately 1,000 word essay. The essay should include a clear summary and analysis of the two videos shown in the links below).
Please include the following:
1. A SUMMARY of the two videos. What did each speaker stand for?
2. An ANALYSIS of the issues. Were the points made by the presenters effective? Were there fallacies in their logic? Did they make sense? Did they agree with each other, or contradict each other?
3. Your own OPINION and explanations about which side of the topics discussed you support, and why...using economic logic!
Essay should be completely written in your own words. You do not need to do any research, and you do need to use information from any outside sources. Your comments should be based solely on your observations of the videos.
Video #1, Robert Reich (Former Secretary of Labor under President Bill Clinton) on austerity (that is, Gov't cutting back on spending):
https://www.youtube.com/watch?v=-LlbW5SHGGA (Links to an external site.)
Video #2, Jeff Miron, PhD (Harvard U) on deficits, debt, and spending cuts:
https://www.youtube.com/watch?v=jAbLvGAFH2w (Links to an external site.)
Explanation & Answer
Attached.
Running head: VIDEO ANALYSIS
1
Video Analysis
Name
Institutional Affiliation
VIDEO ANALYSIS
2
Austerity by Robert Reich
Summary
Robert Reich message regards austerity, which denotes a cluster of political-fiscal
strategies that target the reduction of administration financial plan shortfalls by cutting on
spending, increasing duties, or a blend of both. According to Robert the Senate is headed into a
huge scuffle regarding the central economic deficit, the state debt, and the debt ceiling.
He gives reasons as to why he thinks Democrat deficit hawks are mistaken; one is that
sole discrepancy and debt figures are pointless unless viewed as a percentage of the state budget
since it has been dropping every year. Two is that America requires to course greater shortfalls
while masses of individuals are jobless or beneath employed. Millions of Americans are still
searching for jobs, others are part timers who need full time jobs. A government grows its
economy by creating occupations – educators, fire troops, police constables, community
employees, and individuals to reconstruct highways, bridges and gardens. Then the individuals in
these occupations generate additional employments while spending their salaries. The contrary of
this cuts back expenditure whereas millions of individuals are recurrently jobless and that’s
exactly what congress has done. The last point is debit expenses on ventures such as learning and
substructure is dissimilar tha...