Article of Capital Budgeting Survey Essay Example for Free

Article of Capital Budgeting Survey Essay This research is motivated by two major factors: (1) the  over twenty year hiatus since the last thorough review ofthe capital budgeting survey literature, and (2) past appeals to the finance academic community by researchers to explore  neglected areas ofthe capital budgeting process. In response, and using a four-stage capital budgeting process as a guide, the authors review the capital budgeting survey literature  from 1984 through 2008 and find that some ofthe neglected  areas have infact been directly addressed. Unfortunately, the most prevalent focus of capital budgeting surveys continues  to be that ofthe selection stage. As a result, many areas ofthe capital budgeting process still remain relatively unexplored, providing numerous survey research opportunities. This research effort is motivated by two tnajor factors: 1)  the twenty year hiatus since the last thorough review of the capital budgeting survey literature, and 2) past observations and appeals made to the finance academic community by  fellow researchers to explore neglected areas of the capital budgeting process through more focused and directed survey  research. Richard M. Burns is a Professor of Finance at the University of Alabama at Birmingham, AL Joe Walker is an Associate Professor of Finance at the University of Alabama at Birmingham, AL. The authors wish to thank the Editor and the anonymous referee for their many helpful comments and suggestions. 78 The first factor stands on its own as justification for an update of the capital budgeting survey literature. The last comprehensive reviews were made by researchers Scott and Petty (1984) and Mukherjee (1987) over twenty years ago. Regarding the second factor, almost three decades ago, Kim (1979) noted that too much emphasis was being placed on methods of ranking and selecting capital budgeting proposals. Scott and Petty (1984) also noted the disproportionate (unjustified) amount of time [spent] on a particular stage (financial analysis and project selection) Further, Gordon and Pinches (1984) generalized this complaint by arguing that the capital budgeting process must be viewed in its entirety. Mukherjee (1987) agreed that further survey efforts need to be devoted to understanding the entire process. To address these two factors, the authors have provided a current review of the capital budgeting survey studies over the past twenty-four years. The results are reported in a four-stage capital budgeting framework that allows a more detailed and clear assessment of the appeals by past researchers. As a result, fertile areas for future applied research in the area of capital budgeting survey work are more easily identified and summarized. The organization of this paper is as follows. In Section I a four-stage capital budgeting process will be identified and used throughout the balance ofthe paper. It provides a useful framework to evaluate in more detail the most prominent capital budgeting survey literature reviews of the past, to highlight neglected areas of capital budgeting research, and to organize past appeals for future research in this area. In Section II this four-stage process will also be used to describe the procedures used in performing the capital budgeting 79 BURNS WALKER CAPITAL BUDGETING SURVEYS: THE FUTURE IS NOW survey literature update over the 1984-2008 period. Section  III will continue to use this framework to present the detailed findings while Section IV will provide an overall summary.  Finally, Section V will present conclusions, comments, and  insights for future survey research. I. Past Reviews and Appeals appears on an executives desk and all that is needed is for the manager to choose the project(s) with the highest expected payoff. However, as most managers quickly learn, this is not the case. Further, once projects are chosen, the evaluation  of an individual projects subsequent performance  is usually either ignored or often inappropriately  handled.  Our contention is that the capitalbudgeting process must be viewed in its entirety,  and the informational needs to support effective  decisions must be built  into the firms decision  comprehensive reviews  support system. In the corporate finance  capital budgeting survey  literature  the  capital  The last budgeting process has been  were made by researchers Scott  described in terms of four The two most significant stages: 1) identification, attempts to assess the and Petty (1984) and Mukherjee 2) development,  3)  balance of research among  (1987) over twenty years ago.  selection, and 4) control.  these four stages were those  The identification stage  of Scott and Petty (1984)  comprises the overall process of project idea generation and Mukherjee (1987), both of which occurred well over including sources and submission procedures and the twenty years ago.^ Scott and Petty provided a synthesis of earlier surveys of  incentives/reward system, if any. The development stage involves the initial screening process relying primarily large American firms and organized their analysis based on a upon cash flow estimation and early screening criteria. The three stage classification: 1) project definition and cash flow selection stage includes the detailed project analysis that estimation 2) financial analysis and project selection, and results in acceptance or rejection of the project for funding. 3) project implementation and review. Citing Gitman and Finally, the control stage involves the evaluation of project Forrester (1977), they noted that: project definition and cash flow estimation is performance for both control purposes and continuous considered the most difficult aspect ofthe capital improvement for future decisions. All four stages have budgeting process. The financial analysis and common areas of interest including personnel, procedures, project selection stage, which receives the most and methods involved, along with the rationale for each. attention in the literature, is considered the least All four stages are critical to the overall process, but difBcult ofthe three stages   the selection stage is arguably the most involved since it includes the choices of analytical methods/techniques used, Also covering surveys of large American corporations, how the cost of capital is determined, how adjustments for Mukherjee (1987) agreed that there had been too much projects risks are assessed and reflected, and how, if relevant, survey focus on the selection stage and not enough on the capital rationing affects project choice. The selection stage other stages as well as the overall capital budgeting process. has also been the most investigated by survey researchers, Paraphrasing that papers recommendations, it called for particularly in the area of selection techniques, resulting in more research into specific questions relevant for each stage. a relative neglect ofthe other stages. This in turn has led to For example, in stage 1, future surveyors were urged to appeals to future researchers to consider the other stages in investigate the reward systems, procedural aspects, and the their survey research efforts. As Gordon and Pinches (1984) organizational structure ofthe firm. In stage 2, more research note: was suggested on the topics of divisional vs. corporate Most of the literature on the subject of capital biases, strategic considerations, cash flow estimation budgeting has emphasized the selection phase, details, data details, cannibalization, risk, and inflation. giving little coverage to the other phases. Instead, Even within the more widely-studied Stage 3, neglected it is usually assumed that a set of well-defined capital investment opportunities, with all of the informational needs clearly specified, suddenly ^ o t e that these two reviews are only three years apart based on publication See Gordon and Pinches (1984) and Mukherjee (1987). Scott and Petty (1984) use a similar 3-stage process. It is interesting to note, however, that an even earlier survey by Gitman and Forrester (1977) had used a 4-stage analysis. date, and that the latter does not cite the former, likely due to publication lags. As noted in the procedures section, this paper uses the Mukherjee format. Furthermore, the title of this paper derives from Mukherjees title. 80 areas were identified such as the rationale for the various methods used, how firms compute their cost of capital, the low rate of risk recognition, the associated low rates of risk adjustment and assessment sophistication, capital rationing (and the low usage of linear programming), and the details of authorization levels. Finally, with regard to Stage 4, more research was encouraged into the details of performance evaluation, how the company follows up on such evaluation, the details of expenditure control procedures, and the reward system for performance. How well these appeals have been answered with subsequent survey research is the primary focus of this paper. In the next section the authors describe the procedures employed to assess the effectiveness of these appeals made over twenty years ago. II. Procedures Consistent with the reviews by Scott and Petty (1984) and Mukherjee (1987), the following criteria were used to choose capital budgeting survey articles for inclusion in this review: the surveys had to involve large US firms, they had to be broad-based (not focused on one particular industry), and they had to be published in mainline academic journals post-1984. Using these criteria resulted in the selection of the nineteen capital budgeting surveys included in Figure 1. The Figure provides, in chronological order, the survey year (which in all cases differs from the publication year), authors, research method, usable responses and the audience surveyed. Each of these 19 survey articles was then thoroughly examined in an effort to identify the stages and areas within each stage that the survey covered. The results of this process are reported in Figure 2 and consistent with Mukherjees (1987) chronological ordering in a tabular form indicating areas of investigation within the four stages ofthe These more specific questions are largely paraphrased from Mukherjee (1987) and are not fully exhaustive. The interested reader is, of course, encouraged to read this very thorough article in its entirety. †¢Ã¢â‚¬ ¢The initial search using Proquest (ABI Inform) specifying capital budgeting surveys in scholarly journals after January 1, 1984, yielded over two hundred results. However, the great majority were published in the non-mainline journals, including many strictly practitioner (trade journal) outlets and /or were focused on a particular country or industry and thus eliminated by the screening criteria. To insure against missing articles due to any limitations ofthe ABl database, the authors checked the references ofthe surviving articles, and in addition, conducted a manual search ofthe most cited finance journals tables of contents and the reference sections of the various survey articles found. JOURNAL OF APPLIED FINANCE ISSUES 1 2, 2009 capital budgeting process. It should be noted that the Figures herein were slightly altered from Mukherjees original format to better focus on selected issues that were identified specifically as areas of neglect. For example, the category of techniques was divided into techniques used and reasons for techniques used. Similarly, the risk category was divided into risk recognition, risk assessment, and risk adjustment. III. Findings by Stage A quick perusal of Figure 2 reveals an obvious concentration of checks in Stage 3 (selection) similar to the previous findings of Mukherjee. Although a careful look at some of the stage categories individually indicates that several neglected areas have been researched over the period, there is still an obvious and relative lack of research into Stages 1, 2, and 4. To further assess the effectiveness ofthe research appeals, the analysis and reported results in this section will be ordered by the four stages.   Summary comments are provided only  on those surveys which provide a significant contribution to a previously neglected area of capital budgeting survey research. As a result, the findings of Bierman ( 1993), Gilbert and Reichert (1995), Payne, Heath, and Gale (1999), and Ryan and Ryan (2002) are not summarized. A. Stage 1 : Identification Suggested areas of study within this stage include how project proposals are initiated, whether the proposal process is on-going or on an only-when-needed basis, at what level projects are generated, whether there is a formal process for submitting ideas, how that process works when present, and if there is an incentive system for rewarding good ideas.* Unfortunately, there has never been an in-depth survey focused on this stage, leaving no question that it remains strongly neglected. The only contribution of a minor nature to this topic is the incidental finding by Stanley and Block (1984). They found that in over 80% of the responding firms that capital budgeting proposals originated bottom up In the 1987 article, note that on Figure 4, the stages are described somewhat differently from the discussion in the paper itself Specifically, in the body of the paper, the four stages are: (1) identification, (2) development, (3) selection, and (4) the post-audit. But in the table, the 4 stages are idea generation, proposal development, selection of projects, and control or performance evaluation. As in footnote 3, the following suggested areas of study for all four stages are largely paraphrased from Mukherjee (1987).. 81 BURNS WALKER CAPITAL BUDGETING SURVEYS: THE FUTURE IS NOW Figure 1. Surveys of Capital Budgeting of Large US Firms Surveyed Year(s) Survey Author(s) Method Number of Usable Responses 1982 Stanley Block (1984) questionnaire 121 1986 Pruitt Gitman (1987) questionnaire 121 1986 Pohlman, Santiago, Markel(1988) questionnaire 232 1988 Gordon Myers (1991) 1988 1992 1990 1991 1992 Myers, Gordon, Hamer(1991) Bierman (1993) Porterba Summers (1995) Gilbert Reichert (1995) Trahan Gitman (1995) Sample CFOs of Fortune 1000 multinationals VP Finance or Treasurer of largest industrials in Fortune 500 CFOs of Fortune 500 questionnaire 282 questionnaire 282 questionnaire 74 Executives and capital budgeting directors of large US industrials except utilities and transportation Large public firms from FASB Data Bank 100 largest of Fortune 500 questionnaire 160-228 CEOs of Fortune 1000 questionnaire 151 Fortune Magazine Directory CFOs questionnaire 84 CFOs of Fortune 500 + Forbes 200 Managers of foreign manufacturing subsidiaries of US industrials 1992 Shao Shao (1996) questionnaire 188 1992 Burns Walker (1997) questionnaire 180 Fortune 500 7,27,10 7 best-sellling texts, 27 prestigious CFOs, 10 leading financial advisors 1996-97 Bruneretal(1998) telephone survey 1992-93 Mukherjee Hingorani(1999) questionnaire 102 Fortune 500 CFOs 1994 Payne, Heath, Gale (1999) questionnaire 155 USA and Canadian based companies from SP Compustat database questionnaire 111 CFOs from Fortune 1000 questionnaire 392 CFOs from FEI corporations interviews 39 executives of large companies questionnaire 205 CFOs of Fortune 1000 questionnaire 40 top-ranking officers of Fortune 1000 1997 1999 1999 1999 2005 Gitman Vandenberg (2000) Graham Harvey (2001) Triantis Borison (2001) Ryan Ryan (2002) Block (2007) z †¢^ II O) (2002) ueAy ? uBAy o (0 O) †¢a (0 a i2 i2 o u. a †¢o (0 (O O) I O) †¢o 3 OQ a re U 3 D) O6B!)UB9 UBLU|L|Od S (8861.) |StJeiM (Z86l.)ueaJi!OSH!n.id (W6l)|00ia8^8|UBis |L Idea Generation |A. Source of Origination |B. Reasons for Idea Origination |C. Process of Origination Submission |D. Time Pattern of Origination 1II. ProposalDevelopment |A. Level at Which screening Takes Place |B. Screening Process  ¡C. Cashflow Estimates (and forecasting) |D. Responsibility for Budget Preparation (personnel) |lll. Selection of Projects |A. Classification of Projects for Economic Analysis B. Personnel (Department) Responsible for Analysis C1. Listing Techniques Used |C2. Reasons for Techniques Used Dl. Risk recognition D2. Risk assessment D3. Risk adjustment El. Capital Rationing: How Extensive? E2. Capital Rationing Rationale E3. Capital Rationing Methods Used F. Cost of Capital G. Project Approval |IV. Control (or Perfonnance Evaluation) A. Extent of Use of Post Audit B. Personnel Involved/Procedure C. Performance Measurement D. Use of Evaluation (Punishment/Reward/Etc.) 1* Surveys in this exhibit appear in chronological order of their publication. 82 JOURNAL OF APPLIED FINANCE ISSUES 1 2, 2009 o o o o CM o ( ¿ooz) iooia 6jaquapueA S UBLUIJO (0002) (6660 9|B0 S MIB9H auÄBd (666 O !UBJo6u!H S aa[jaLj|ni^ -?†¢ -y -7-?†¢ -y (1.002) uosuog pue suueui -?†¢ ~y (1.002)^SWBH S lUBMBJO ~7-?†¢ -?†¢ -?†¢ -?†¢ -y -?†¢ (866l.)|Bà ­a.iaunjg -?†¢ CO t ^ -y ( ¿66l)J8lieM8SUjng (966l†¢)oeL^S8OB^s -y (9661.) uBUjJio S UBUBJi -y (S66l.)weM0!ays;jaqi!9 -y (9661-) sjauiujns s eqjapod -?†¢ -y m ( £661.) ueuuaig -y -y 5 a. n O (1-661-) jaoiBH S uopjoo sjaA|/\| ~y -y ~y -y (1.661.) sjaÄ|/\l8uopjoo -y ~y -y -y -?†¢ -?†¢ -y ~y -y -y to -y 00

Habitat Destruction :: essays research papers

Habitat Destruction Overview   Ã‚  Ã‚  Ã‚  Ã‚  In this new age of technology and advances in every possible field of study, many people forget about the environment. Some will just throw their trash all over the place with no concern for the possible consequences. Of course, there are many consequences, but only one comes to my mind. That is the demolition of species’ homes or habitat destruction. Habitat destruction or habitat loss is the altering or elimination of the conditions that plants and animals need to survive. â€Å"The primary threat to the world’s biodiversity is habitat destruction† (Okey p.1). Prairies have been greatly affected. The â€Å"loss of prairie habitat ranges from 20 to >99 percent depending on the region† (Benedict, Freeman, & Genoways, p.161). Habitat destruction can be caused by many things. These include: The introduction of alien (exotic) and domesticated species Pest and Predator control The collection of animals for pets and research Pollution Ecological factors Loss of keystone species Overexploitation Disease Limited distribution Many of these causes could be prevented fairly easily. If people today would just follow some simple rules, none of these would be as big as they are now. The Introduction of Alien (Exotic) and Domesticated Species   Ã‚  Ã‚  Ã‚  Ã‚  Introducing exotic species has been a highly debated issue. Why should we bring another animal or plant into a region to eradicate another species? That’s the question that people have been asking for ages. Of course, there are positives to bringing in another species, but many times, there are just as many negatives. Also, these species can be introduced accidentally or intentionally. The new organism may cause no obvious problems and eventually, it will be considered â€Å"native† to the area. For example, corals are â€Å"perhaps the oldest animals on the planet, and these long-lived corals have evolved in one of the Earth’s most stable environments† (Eichenberg, p.2). If a new type of fish were to be put into the ecosystem with the corals, the coral would be affected. First, the fish might eat the coral. Second, they could use the coral for shelter, and possibly damaging it that way. Third, the fish could bring predators that might also eat the coral. Introducing an exotic species has the â€Å"rippling affect† of dropping a stone into a pool of water. Everything outside the epicenter is affected. A study was done at Cornell University, and they estimated that $120 billion per year are spent fixing the problems caused by exotic species† (Chiras, p.

Argumentative Paper

American dollars into the Iraqi infrastructure. 1) Military and police force trained at the hands of American taxpayer dollars. (2) Facilities that have been built by American's and gone to waste. (3) Global understanding of foreign aid. (4) Iraq's capabilities of taking care of their own financial aid. (5)Statistics in regards to dollars spent on what projects to Iraq become a better nation. IV. America's public school system. A. Budget cuts to the educational budget. B. Classroom growth. C. Educational cut back programs. (1) City of Phoenix cut backs. 2) Educational Job market flooded with teachers and no positions available. 3) Interview with Kerry. Help V. American's need to tighten the purse strings and take care of the issues at home. Too Much Foreign Aid in America's Budget The act of charity is something that most people are raised on; if a person has been blessed with wealth, it is always good to help those less fortunate. However, there comes a time when too much is too muc h. The United States, among other countries, developed the practice of foreign aid after World War II.It was designed to help those countries in desperate need of temporary help when they could not manage on their own. Foreign aid is something that has been in effect over the last few decades and some say has been used to excess and argue the point that if our own country is in debt and suffering, how can there be so much money spent on foreign aid. Others say that we are prosperous and should help those that need it no matter what. Whichever side of the argument is brought up, there are certain facts that do not change.The United States has spent too much money taking care of other countries financial disasters despite the trouble within its own borders. The United States of America has long been considered one of the most remediable countries in the world leading the pack of economic growth, democracy, innovation and financial dominance. However, lately it seems that the United St ates is in as much financial strain as the other countries it helps regularly. American's are experiencing the pinch of billions in budget cuts on education programs, eliminating teaching positions and higher taxes to fund a war with Iraq.Even through all of these financial hardships, the United States still manages to give billions of dollars in financial aid despite the economic crisis of their own. A country that receives a large portion of American foreign aid is Haiti. Haiti is one of the poorest countries in the world and is one of the countries that recently, receives the most financial aid world wide. In mid-January of this year, Haiti experienced a devastating earthquake that destroyed most of the county. Hundreds of thousands of people were left without homes, clean drinking water or electricity, with debris and rubble making it unsafe territory.Bret Stephens, a Journalist for the DOD Jones & Company, uncovered news from the World Bank and exactly how much additional aid w as going to be allotted to Haiti for relief efforts. Stephens article states: The World Bank–now about to throw another $100 million on Haiti–on what it achieved in the country between 1986 and 2002: The outcome of World Bank assistance programs is rated unsatisfactory (if not highly so), the institutional development impact, negligible, and the sustainability of the few benefits that have accrued, unlikely.Stephens goes on to quote that the Bank noted, â€Å"Haiti has dysfunctional budgetary, financial or procurement systems, making financial and aid management impossible. The Bank makes the claim that the Haitian government does not take ownership and initiative for formulating and implementing assistance programs. A breakdown of foreign aid by country, provided by Guardian, a United Kingdom based awareness blob, shows a grand total of 3. 5 billion dollars already donated and another 1. 1 billion dollars pledged to help with this disaster (Guardian).America, leading as the highest donor, among other countries such as United Kingdom, Japan and Canada. Many countries making absolutely no contribution whatsoever during this time. American's are going broke and continue to keep giving. In fact, the United States has only been debt free for two years, 1834 and 1835, according to Marie Clammiest. Clammiest states in another article that, â€Å"†¦ The federal governments $14 trillion debt as an emergency that demands big cuts in domestic programs†¦ The majority of this debt is said to have come from the war in Iraq, heavily financed by borrowing from China to fund the war. Lira Logan reported, â€Å"The problem for America is that its greatness has always been rooted in its economic dominance and that debt has forced the U. S. To keep borrowing from foreign countries. † According to statistical ATA provided by the Bureau of the Public Debt , in 1991, the national debt for the United States was under $3 Trillion, even though a large amount, it was still within the realm of being paid off.However now in 2011, the debt recently went over the $14 trillion mark, a number that is in no way obtainable (Madame). Logan also quoted Aaron David Miller of the Woodrow Wilson International Center for Scholars, saying, â€Å"Can the world's greatest power remain the world's greatest power and also be the world's greatest borrower? I don't think so. † Over the past four years fighting the war n Iraq, the United States has spent $500 billion dollars on Just the war alone (Skeletal).In addition to the funding of occupying this country, the United States has spent over $50 billion in reconstruction costs, that unfortunately, most say will be wasted dollars due to Iraq's incompetence and capabilities to utilize the reconstructions. As a country, the United States has invested hundreds of billions of dollars on equipment, buildings, infrastructure, electricity and water facilities in third world countries. In an article rec ently published by USA Today written by Matt Kelley, mints out that, â€Å"The United States has spent $44. Billion in taxpayer funds on rebuilding Iraq, about half of it to train, equip and support Iraq's military and police forces. † Kelley also quotes Rusty Barber, the head of the Iraq program United States Institute of Peace, â€Å"There has been some significant progress, but there's a long way to go before Iraq can really be a stable, secure country that's able to provide for its people's basic needs. † Iraq is a country that has undergone massive abuse over the past 10 plus years, with no end in sight, and has been rebuilt about ten times over.The amount of money that America has spent in rebuilding Iraq, by all means a country that has minimal interest in being rebuilt, is atrocious. American tax payer dollars are being spent to fund many projects in Iraq, such as schools, hospitals and prisons, instead of spending those same dollars on the same problems at hom e. According to Timothy Williams, many of these facilities have remained empty after completion because there were not enough Iraqis trained to operate them. Williams goes on to state that â€Å"†¦ 4 million maternity hospital built by the Americans is open, but the staff members cannot operate much of its equipment†¦.. Sinai Hospital in Baghdad, which had been the American military's largest medical center in the country, has been closed because the Health Ministry lacks the staff and equipment to reopen it, though the American military said it left $7. 9 million in equipment behind†¦ † He also states that there was a $165 million children's hospital that was delayed by more than four years and $115 million over budget (Williams). When a country is in desperate need of help, it is up to others to step up and give aid.When that aid is given, it is under the understanding that the money is going to e used to go towards the rebuild of the crisis. However, what ha ppens when the country receiving large portions of aid do not need that aid? For example, according to James Gland and Campbell Robertson's article in August of 2008, by the end of 2009, the Iraqi government ended up with a surplus of almost $80 million dollars. The article stated that, â€Å"The United States has spent $23. 2 billion in the critical areas of security, oil, electricity and water since the 2003 invasion, but from 2005 through April of 2008, Iraq has spend Just $3. Billion on similar services. † Another report room the Government Accountability Office estimates Iraqi oil revenue from 2005 through the end of this year [2008] will amount to at least $156 billion dollars. † So what this is stating is that the Iraqi government is not only holding their oil money in a United States bank collecting somewhere in the range of $400,000 in interest, but for some reason they are collecting foreign aid when they are capable of funding and fixing their own problems.Ca rl Levin, a chairman of the Senate Armed Services was quoted saying, â€Å"The Iraqi government now has tens of billions of dollars at its espousal to fund large-scale reconstruction projects. It is inexcusable for U. S. Taxpayers to continue to foot the bill for projects the Iraqis are fully capable of funding themselves We should not be paying for Iraqi projects, while Iraqi oil revenues continue to pile up in the bank. † Very well said and a statement many American citizens support full hardheartedly.However, we are still sending foreign aid to Iraq, building Iraqi schools, hospitals, prisons, and fortifying their country's security but it does not look like the money is going to stop going into Iraq. If the United States spends 165 million dollars on one hospital, one can only imagine the cost of rebuilding schools during war time; as well as imagine how many of those schools were destroyed intentionally and unintentionally during or after their construction because of sa id war. America's public school system drastically needs help and no one is coming up with any solutions but budget cuts.The American public school system is already the victim of systematic budget cuts are now getting ready for another huge blow to their financial status; one some say that is going to cripple our youth's outlooks on a better education. † Education Weekly reported that â€Å"the spending bill that President Barack Obama signed into law March 2 severed current fiscal-year funding for several literacy programs at the Education Department as a part of a government- wide reduction of $4 billion† (Rose). For an example, Arizona has taken hard drastic cuts recently.Classroom sizes have grown from 24 children per teacher to roughly 30 plus children per classroom. After school and during school education enhancement studies to help children who fall below the average or have special learning needs eve all but been eliminated. In previous years, children who may not have passed a subject were allowed the opportunity to attend intercession, a program during the school breaks where they attend class for a few hours a day over a two week time frame intended to get them back on track.Unfortunately, as of the 2009-2010 school year, Circle Cross Ranch, a local elementary in San Tan Valley Arizona, now requires parents pay $25 per class session if a child fails at any point in time the classes are mandatory. In Phoenix, they are experiencing even more of an unnecessary set back. The city as had a drastic decline in their hiring for the 2010-2011 school year. Roughly 7,400 public-school teaching positions have been eliminated across the state because of budget cuts proposed by the Legislature, according to Arizona Educators Association spokesman John Heartfelt (Quinn).With the amount of children that are still enrolling and moving into the Phoenix area, this only bodes ill for the amount of attention each child will receive. Education is important to the growth of any society and if that keeps getting hit time and time again with no solutions on how to fix that budget crisis, things will only get worse. The amount of educational Jobs are decreasing but the amount of applicants only increase. The educational Job market is being flooded with teachers that have experienced the layoffs and cut backs, while schools hiring, go for the more seasoned experienced teachers.Internships have been eliminated across the board for new teachers because the Jobs Just are not readily available eliminating many of the opportunities for young teachers. Kerry, a 4th grade teacher for xx Elementary in xx, has felt the pinch of educational budget cuts along with thousands of other teachers. XX teaches a very owe-income community with children that speak more Spanish than English and she struggles some days to provide the best educational experience she can. â€Å"The school just can't afford what we need and its sad.I have children that come to s chool almost every day hungry because they don't have proper meals at home. They come to school with no supplies because their parents can't afford them. As a teacher, how can I sit by and watch my students go with out the fundamental things that they need to get an education? † XX stated that she spends over $500 every year on school supplies that she does not get reimbursed for, â€Å"l have to do it. If I don't, no one will and these children don't deserve to suffer because of our budget cuts.How can they learn if they have no paper to write on or a pencil to write with? † When asked about the financial crisis the schools are experiencing, she replied, â€Å"Its sad and disturbing at the same time. How can I teach properly without the books and tools required to teach!? I know this sounds selfish, but doesn't they saying go, you need to help yourself before you can help others? If we [Americans] keep giving everything away, there's not going to be anything left for us to help ourselves. We could have so much more for our own kids! America's future are its children, those children are not educated properly, who's fault is that going to be? No matter who's fault it is, the problem needs to be corrected sooner rather than later. The United States has received a hazardous blows over the past few years with several crippling hurricanes, oil spills and a continued economic and financial crisis. The United States is falling further and further into debt with the war in Iraq and an economic crisis that has America considered ‘rich nations' among one of the poorest (Belittler).If the United States cut back some of the foreign aid given to the same countries regularly, then those countries receiving the public assistance will have no choice but to learn how to support themselves. By continuing to give aid and support them without teaching them how to figure out how to do it for themselves, the problem only gets worse. It Just seems that the United States is giving a lot of more hand outs while its own citizens are suffering. When that happens, that is when its time to close the purse strings to take care of American's with American tax dollars. Argumentative Paper The United States has spent too much money on other countries financial disasters despite America's own economic crisis. L. American foreign aid. A. Why foreign aid was implemented and how it was meant to be used. B. America and its status. C. Budget cuts. II. American foreign aid to Haiti. A. Wait's reliance on financial aid. B. Statistical data on the amounts of aid Haiti has received. II. America and its debt. A. 1991 debt verses 2011 debt. B. The war on Iraq and its cost to national debt. C.American dollars into the Iraqi infrastructure. 1) Military and police force trained at the hands of American taxpayer dollars. (2) Facilities that have been built by American's and gone to waste. (3) Global understanding of foreign aid. (4) Iraq's capabilities of taking care of their own financial aid. (5)Statistics in regards to dollars spent on what projects to Iraq become a better nation. IV. America's public school system. A. Budget cuts to the educational budget. B. Classroom growth. C. Educational cut back programs. (1) City of Phoenix cut backs. 2) Educational Job market flooded with teachers and no positions available. 3) Interview with Kerry. Help V. American's need to tighten the purse strings and take care of the issues at home. Too Much Foreign Aid in America's Budget The act of charity is something that most people are raised on; if a person has been blessed with wealth, it is always good to help those less fortunate. However, there comes a time when too much is too much. The United States, among other countries, developed the practice of foreign aid after World War II.It was designed to help those countries in desperate need of temporary help when they could not manage on their own. Foreign aid is something that has been in effect over the last few decades and some say has been used to excess and argue the point that if our own country is in debt and suffering, how can there be so much money spent on foreign aid. Others say that we are prosperous and shoul d help those that need it no matter what. Whichever side of the argument is brought up, there are certain facts that do not change.The United States has spent too much money taking care of other countries financial disasters despite the trouble within its own borders. The United States of America has long been considered one of the most remediable countries in the world leading the pack of economic growth, democracy, innovation and financial dominance. However, lately it seems that the United States is in as much financial strain as the other countries it helps regularly. American's are experiencing the pinch of billions in budget cuts on education programs, eliminating teaching positions and higher taxes to fund a war with Iraq.Even through all of these financial hardships, the United States still manages to give billions of dollars in financial aid despite the economic crisis of their own. A country that receives a large portion of American foreign aid is Haiti. Haiti is one of th e poorest countries in the world and is one of the countries that recently, receives the most financial aid world wide. In mid-January of this year, Haiti experienced a devastating earthquake that destroyed most of the county. Hundreds of thousands of people were left without homes, clean drinking water or electricity, with debris and rubble making it unsafe territory.Bret Stephens, a Journalist for the DOD Jones & Company, uncovered news from the World Bank and exactly how much additional aid was going to be allotted to Haiti for relief efforts. Stephens article states: The World Bank–now about to throw another $100 million on Haiti–on what it achieved in the country between 1986 and 2002: The outcome of World Bank assistance programs is rated unsatisfactory (if not highly so), the institutional development impact, negligible, and the sustainability of the few benefits that have accrued, unlikely.Stephens goes on to quote that the Bank noted, â€Å"Haiti has dysfunct ional budgetary, financial or procurement systems, making financial and aid management impossible. The Bank makes the claim that the Haitian government does not take ownership and initiative for formulating and implementing assistance programs. A breakdown of foreign aid by country, provided by Guardian, a United Kingdom based awareness blob, shows a grand total of 3. 5 billion dollars already donated and another 1. 1 billion dollars pledged to help with this disaster (Guardian).America, leading as the highest donor, among other countries such as United Kingdom, Japan and Canada. Many countries making absolutely no contribution whatsoever during this time. American's are going broke and continue to keep giving. In fact, the United States has only been debt free for two years, 1834 and 1835, according to Marie Clammiest. Clammiest states in another article that, â€Å"†¦ The federal governments $14 trillion debt as an emergency that demands big cuts in domestic programs†¦ The majority of this debt is said to have come from the war in Iraq, heavily financed by borrowing from China to fund the war. Lira Logan reported, â€Å"The problem for America is that its greatness has always been rooted in its economic dominance and that debt has forced the U. S. To keep borrowing from foreign countries. † According to statistical ATA provided by the Bureau of the Public Debt , in 1991, the national debt for the United States was under $3 Trillion, even though a large amount, it was still within the realm of being paid off.However now in 2011, the debt recently went over the $14 trillion mark, a number that is in no way obtainable (Madame). Logan also quoted Aaron David Miller of the Woodrow Wilson International Center for Scholars, saying, â€Å"Can the world's greatest power remain the world's greatest power and also be the world's greatest borrower? I don't think so. † Over the past four years fighting the war n Iraq, the United States has spent $500 billion dollars on Just the war alone (Skeletal).In addition to the funding of occupying this country, the United States has spent over $50 billion in reconstruction costs, that unfortunately, most say will be wasted dollars due to Iraq's incompetence and capabilities to utilize the reconstructions. As a country, the United States has invested hundreds of billions of dollars on equipment, buildings, infrastructure, electricity and water facilities in third world countries. In an article recently published by USA Today written by Matt Kelley, mints out that, â€Å"The United States has spent $44. Billion in taxpayer funds on rebuilding Iraq, about half of it to train, equip and support Iraq's military and police forces. † Kelley also quotes Rusty Barber, the head of the Iraq program United States Institute of Peace, â€Å"There has been some significant progress, but there's a long way to go before Iraq can really be a stable, secure country that's able to provide for it s people's basic needs. † Iraq is a country that has undergone massive abuse over the past 10 plus years, with no end in sight, and has been rebuilt about ten times over.The amount of money that America has spent in rebuilding Iraq, by all means a country that has minimal interest in being rebuilt, is atrocious. American tax payer dollars are being spent to fund many projects in Iraq, such as schools, hospitals and prisons, instead of spending those same dollars on the same problems at home. According to Timothy Williams, many of these facilities have remained empty after completion because there were not enough Iraqis trained to operate them. Williams goes on to state that â€Å"†¦ 4 million maternity hospital built by the Americans is open, but the staff members cannot operate much of its equipment†¦.. Sinai Hospital in Baghdad, which had been the American military's largest medical center in the country, has been closed because the Health Ministry lacks the staff and equipment to reopen it, though the American military said it left $7. 9 million in equipment behind†¦ † He also states that there was a $165 million children's hospital that was delayed by more than four years and $115 million over budget (Williams). When a country is in desperate need of help, it is up to others to step up and give aid.When that aid is given, it is under the understanding that the money is going to e used to go towards the rebuild of the crisis. However, what happens when the country receiving large portions of aid do not need that aid? For example, according to James Gland and Campbell Robertson's article in August of 2008, by the end of 2009, the Iraqi government ended up with a surplus of almost $80 million dollars. The article stated that, â€Å"The United States has spent $23. 2 billion in the critical areas of security, oil, electricity and water since the 2003 invasion, but from 2005 through April of 2008, Iraq has spend Just $3. Billion on similar services. † Another report room the Government Accountability Office estimates Iraqi oil revenue from 2005 through the end of this year [2008] will amount to at least $156 billion dollars. † So what this is stating is that the Iraqi government is not only holding their oil money in a United States bank collecting somewhere in the range of $400,000 in interest, but for some reason they are collecting foreign aid when they are capable of funding and fixing their own problems.Carl Levin, a chairman of the Senate Armed Services was quoted saying, â€Å"The Iraqi government now has tens of billions of dollars at its espousal to fund large-scale reconstruction projects. It is inexcusable for U. S. Taxpayers to continue to foot the bill for projects the Iraqis are fully capable of funding themselves We should not be paying for Iraqi projects, while Iraqi oil revenues continue to pile up in the bank. † Very well said and a statement many American citizens support full hardheartedly.However, we are still sending foreign aid to Iraq, building Iraqi schools, hospitals, prisons, and fortifying their country's security but it does not look like the money is going to stop going into Iraq. If the United States spends 165 million dollars on one hospital, one can only imagine the cost of rebuilding schools during war time; as well as imagine how many of those schools were destroyed intentionally and unintentionally during or after their construction because of said war. America's public school system drastically needs help and no one is coming up with any solutions but budget cuts.The American public school system is already the victim of systematic budget cuts are now getting ready for another huge blow to their financial status; one some say that is going to cripple our youth's outlooks on a better education. † Education Weekly reported that â€Å"the spending bill that President Barack Obama signed into law March 2 severed current fiscal-ye ar funding for several literacy programs at the Education Department as a part of a government- wide reduction of $4 billion† (Rose). For an example, Arizona has taken hard drastic cuts recently.Classroom sizes have grown from 24 children per teacher to roughly 30 plus children per classroom. After school and during school education enhancement studies to help children who fall below the average or have special learning needs eave all but been eliminated. In previous years, children who may not have passed a subject were allowed the opportunity to attend intercession, a program during the school breaks where they attend class for a few hours a day over a two week time frame intended to get them back on track.Unfortunately, as of the 2009-2010 school year, Circle Cross Ranch, a local elementary in San Tan Valley Arizona, now requires parents pay $25 per class session if a child fails at any point in time the classes are mandatory. In Phoenix, they are experiencing even more of an unnecessary set back. The city as had a drastic decline in their hiring for the 2010-2011 school year. Roughly 7,400 public-school teaching positions have been eliminated across the state because of budget cuts proposed by the Legislature, according to Arizona Educators Association spokesman John Heartfelt (Quinn).With the amount of children that are still enrolling and moving into the Phoenix area, this only bodes ill for the amount of attention each child will receive. Education is important to the growth of any society and if that keeps getting hit time and time again with no solutions on how to fix that budget crisis, things will only get worse. The amount of educational Jobs are decreasing but the amount of applicants only increase. The educational Job market is being flooded with teachers that have experienced the layoffs and cut backs, while schools hiring, go for the more seasoned experienced teachers.Internships have been eliminated across the board for new teachers beca use the Jobs Just are not readily available eliminating many of the opportunities for young teachers. Kerry, a 4th grade teacher for xx Elementary in xx, has felt the pinch of educational budget cuts along with thousands of other teachers. XX teaches a very owe-income community with children that speak more Spanish than English and she struggles some days to provide the best educational experience she can. â€Å"The school just cant afford what we need and its sad.I have children that come to school almost every day hungry because they don't have proper meals at home. They come to school with no supplies because their parents can't afford them. As a teacher, how can I sit by and watch my students go with out the fundamental things that they need to get an education? † XX stated that she spends over $500 every year on school supplies that she does not get reimbursed for, â€Å"l have to do it. If I don't, no one will and these children don't deserve to suffer because of our b udget cuts.How can they learn if they have no paper to write on or a pencil to write with? † When asked about the financial crisis the schools are experiencing, she replied, â€Å"Its sad and disturbing at the same time. How can I teach properly without the books and tools required to teach!? I know this sounds selfish, but doesn't they saying go, you need to help yourself before you can help others? If we [Americans] keep giving everything away, there's not going to be anything left for us to help ourselves. We could have so much more for our own kids! America's future are its children, those children are not educated properly, who's fault is that going to be? No matter who's fault it is, the problem needs to be corrected sooner rather than later. The United States has received a hazardous blows over the past few years with several crippling hurricanes, oil spills and a continued economic and financial crisis. The United States is falling further and further into debt with t he war in Iraq and an economic crisis that has America considered ‘rich nations' among one of the poorest (Belittler).If the United States cut back some of the foreign aid given to the same countries regularly, then those countries receiving the public assistance will have no choice but to learn how to support themselves. By continuing to give aid and support them without teaching them how to figure out how to do it for themselves, the problem only gets worse. It Just seems that the United States is giving a lot of more hand outs while its own citizens are suffering. When that happens, that is when its time to close the purse strings to take care of American's with American tax dollars. Argumentative Paper The United States has spent too much money on other countries financial disasters despite America's own economic crisis. L. American foreign aid. A. Why foreign aid was implemented and how it was meant to be used. B. America and its status. C. Budget cuts. II. American foreign aid to Haiti. A. Wait's reliance on financial aid. B. Statistical data on the amounts of aid Haiti has received. II. America and its debt. A. 1991 debt verses 2011 debt. B. The war on Iraq and its cost to national debt. C.American dollars into the Iraqi infrastructure. 1) Military and police force trained at the hands of American taxpayer dollars. (2) Facilities that have been built by American's and gone to waste. (3) Global understanding of foreign aid. (4) Iraq's capabilities of taking care of their own financial aid. (5)Statistics in regards to dollars spent on what projects to Iraq become a better nation. IV. America's public school system. A. Budget cuts to the educational budget. B. Classroom growth. C. Educational cut back programs. (1) City of Phoenix cut backs. 2) Educational Job market flooded with teachers and no positions available. 3) Interview with Kerry. Help V. American's need to tighten the purse strings and take care of the issues at home. Too Much Foreign Aid in America's Budget The act of charity is something that most people are raised on; if a person has been blessed with wealth, it is always good to help those less fortunate. However, there comes a time when too much is too much. The United States, among other countries, developed the practice of foreign aid after World War II.It was designed to help those countries in desperate need of temporary help when they could not manage on their own. Foreign aid is something that has been in effect over the last few decades and some say has been used to excess and argue the point that if our own country is in debt and suffering, how can there be so much money spent on foreign aid. Others say that we are prosperous and shoul d help those that need it no matter what. Whichever side of the argument is brought up, there are certain facts that do not change.The United States has spent too much money taking care of other countries financial disasters despite the trouble within its own borders. The United States of America has long been considered one of the most remediable countries in the world leading the pack of economic growth, democracy, innovation and financial dominance. However, lately it seems that the United States is in as much financial strain as the other countries it helps regularly. American's are experiencing the pinch of billions in budget cuts on education programs, eliminating teaching positions and higher taxes to fund a war with Iraq.Even through all of these financial hardships, the United States still manages to give billions of dollars in financial aid despite the economic crisis of their own. A country that receives a large portion of American foreign aid is Haiti. Haiti is one of th e poorest countries in the world and is one of the countries that recently, receives the most financial aid world wide. In mid-January of this year, Haiti experienced a devastating earthquake that destroyed most of the county. Hundreds of thousands of people were left without homes, clean drinking water or electricity, with debris and rubble making it unsafe territory.Bret Stephens, a Journalist for the DOD Jones & Company, uncovered news from the World Bank and exactly how much additional aid was going to be allotted to Haiti for relief efforts. Stephens article states: The World Bank–now about to throw another $100 million on Haiti–on what it achieved in the country between 1986 and 2002: The outcome of World Bank assistance programs is rated unsatisfactory (if not highly so), the institutional development impact, negligible, and the sustainability of the few benefits that have accrued, unlikely.Stephens goes on to quote that the Bank noted, â€Å"Haiti has dysfunct ional budgetary, financial or procurement systems, making financial and aid management impossible. The Bank makes the claim that the Haitian government does not take ownership and initiative for formulating and implementing assistance programs. A breakdown of foreign aid by country, provided by Guardian, a United Kingdom based awareness blob, shows a grand total of 3. 5 billion dollars already donated and another 1. 1 billion dollars pledged to help with this disaster (Guardian).America, leading as the highest donor, among other countries such as United Kingdom, Japan and Canada. Many countries making absolutely no contribution whatsoever during this time. American's are going broke and continue to keep giving. In fact, the United States has only been debt free for two years, 1834 and 1835, according to Marie Clammiest. Clammiest states in another article that, â€Å"†¦ The federal governments $14 trillion debt as an emergency that demands big cuts in domestic programs†¦ The majority of this debt is said to have come from the war in Iraq, heavily financed by borrowing from China to fund the war. Lira Logan reported, â€Å"The problem for America is that its greatness has always been rooted in its economic dominance and that debt has forced the U. S. To keep borrowing from foreign countries. † According to statistical ATA provided by the Bureau of the Public Debt , in 1991, the national debt for the United States was under $3 Trillion, even though a large amount, it was still within the realm of being paid off.However now in 2011, the debt recently went over the $14 trillion mark, a number that is in no way obtainable (Madame). Logan also quoted Aaron David Miller of the Woodrow Wilson International Center for Scholars, saying, â€Å"Can the world's greatest power remain the world's greatest power and also be the world's greatest borrower? I don't think so. † Over the past four years fighting the war n Iraq, the United States has spent $500 billion dollars on Just the war alone (Skeletal).In addition to the funding of occupying this country, the United States has spent over $50 billion in reconstruction costs, that unfortunately, most say will be wasted dollars due to Iraq's incompetence and capabilities to utilize the reconstructions. As a country, the United States has invested hundreds of billions of dollars on equipment, buildings, infrastructure, electricity and water facilities in third world countries. In an article recently published by USA Today written by Matt Kelley, mints out that, â€Å"The United States has spent $44. Billion in taxpayer funds on rebuilding Iraq, about half of it to train, equip and support Iraq's military and police forces. † Kelley also quotes Rusty Barber, the head of the Iraq program United States Institute of Peace, â€Å"There has been some significant progress, but there's a long way to go before Iraq can really be a stable, secure country that's able to provide for it s people's basic needs. † Iraq is a country that has undergone massive abuse over the past 10 plus years, with no end in sight, and has been rebuilt about ten times over.The amount of money that America has spent in rebuilding Iraq, by all means a country that has minimal interest in being rebuilt, is atrocious. American tax payer dollars are being spent to fund many projects in Iraq, such as schools, hospitals and prisons, instead of spending those same dollars on the same problems at home. According to Timothy Williams, many of these facilities have remained empty after completion because there were not enough Iraqis trained to operate them. Williams goes on to state that â€Å"†¦ 4 million maternity hospital built by the Americans is open, but the staff members cannot operate much of its equipment†¦.. Sinai Hospital in Baghdad, which had been the American military's largest medical center in the country, has been closed because the Health Ministry lacks the staff and equipment to reopen it, though the American military said it left $7. 9 million in equipment behind†¦ † He also states that there was a $165 million children's hospital that was delayed by more than four years and $115 million over budget (Williams). When a country is in desperate need of help, it is up to others to step up and give aid.When that aid is given, it is under the understanding that the money is going to e used to go towards the rebuild of the crisis. However, what happens when the country receiving large portions of aid do not need that aid? For example, according to James Gland and Campbell Robertson's article in August of 2008, by the end of 2009, the Iraqi government ended up with a surplus of almost $80 million dollars. The article stated that, â€Å"The United States has spent $23. 2 billion in the critical areas of security, oil, electricity and water since the 2003 invasion, but from 2005 through April of 2008, Iraq has spend Just $3. Billion on similar services. † Another report room the Government Accountability Office estimates Iraqi oil revenue from 2005 through the end of this year [2008] will amount to at least $156 billion dollars. † So what this is stating is that the Iraqi government is not only holding their oil money in a United States bank collecting somewhere in the range of $400,000 in interest, but for some reason they are collecting foreign aid when they are capable of funding and fixing their own problems.Carl Levin, a chairman of the Senate Armed Services was quoted saying, â€Å"The Iraqi government now has tens of billions of dollars at its espousal to fund large-scale reconstruction projects. It is inexcusable for U. S. Taxpayers to continue to foot the bill for projects the Iraqis are fully capable of funding themselves We should not be paying for Iraqi projects, while Iraqi oil revenues continue to pile up in the bank. † Very well said and a statement many American citizens support full hardheartedly.However, we are still sending foreign aid to Iraq, building Iraqi schools, hospitals, prisons, and fortifying their country's security but it does not look like the money is going to stop going into Iraq. If the United States spends 165 million dollars on one hospital, one can only imagine the cost of rebuilding schools during war time; as well as imagine how many of those schools were destroyed intentionally and unintentionally during or after their construction because of said war. America's public school system drastically needs help and no one is coming up with any solutions but budget cuts.The American public school system is already the victim of systematic budget cuts are now getting ready for another huge blow to their financial status; one some say that is going to cripple our youth's outlooks on a better education. † Education Weekly reported that â€Å"the spending bill that President Barack Obama signed into law March 2 severed current fiscal-ye ar funding for several literacy programs at the Education Department as a part of a government- wide reduction of $4 billion† (Rose). For an example, Arizona has taken hard drastic cuts recently.Classroom sizes have grown from 24 children per teacher to roughly 30 plus children per classroom. After school and during school education enhancement studies to help children who fall below the average or have special learning needs eave all but been eliminated. In previous years, children who may not have passed a subject were allowed the opportunity to attend intercession, a program during the school breaks where they attend class for a few hours a day over a two week time frame intended to get them back on track.Unfortunately, as of the 2009-2010 school year, Circle Cross Ranch, a local elementary in San Tan Valley Arizona, now requires parents pay $25 per class session if a child fails at any point in time the classes are mandatory. In Phoenix, they are experiencing even more of an unnecessary set back. The city as had a drastic decline in their hiring for the 2010-2011 school year. Roughly 7,400 public-school teaching positions have been eliminated across the state because of budget cuts proposed by the Legislature, according to Arizona Educators Association spokesman John Heartfelt (Quinn).With the amount of children that are still enrolling and moving into the Phoenix area, this only bodes ill for the amount of attention each child will receive. Education is important to the growth of any society and if that keeps getting hit time and time again with no solutions on how to fix that budget crisis, things will only get worse. The amount of educational Jobs are decreasing but the amount of applicants only increase. The educational Job market is being flooded with teachers that have experienced the layoffs and cut backs, while schools hiring, go for the more seasoned experienced teachers.Internships have been eliminated across the board for new teachers beca use the Jobs Just are not readily available eliminating many of the opportunities for young teachers. Kerry, a 4th grade teacher for xx Elementary in xx, has felt the pinch of educational budget cuts along with thousands of other teachers. XX teaches a very owe-income community with children that speak more Spanish than English and she struggles some days to provide the best educational experience she can. â€Å"The school just cant afford what we need and its sad.I have children that come to school almost every day hungry because they don't have proper meals at home. They come to school with no supplies because their parents can't afford them. As a teacher, how can I sit by and watch my students go with out the fundamental things that they need to get an education? † XX stated that she spends over $500 every year on school supplies that she does not get reimbursed for, â€Å"l have to do it. If I don't, no one will and these children don't deserve to suffer because of our b udget cuts.How can they learn if they have no paper to write on or a pencil to write with? † When asked about the financial crisis the schools are experiencing, she replied, â€Å"Its sad and disturbing at the same time. How can I teach properly without the books and tools required to teach!? I know this sounds selfish, but doesn't they saying go, you need to help yourself before you can help others? If we [Americans] keep giving everything away, there's not going to be anything left for us to help ourselves. We could have so much more for our own kids! America's future are its children, those children are not educated properly, who's fault is that going to be? No matter who's fault it is, the problem needs to be corrected sooner rather than later. The United States has received a hazardous blows over the past few years with several crippling hurricanes, oil spills and a continued economic and financial crisis. The United States is falling further and further into debt with t he war in Iraq and an economic crisis that has America considered ‘rich nations' among one of the poorest (Belittler).If the United States cut back some of the foreign aid given to the same countries regularly, then those countries receiving the public assistance will have no choice but to learn how to support themselves. By continuing to give aid and support them without teaching them how to figure out how to do it for themselves, the problem only gets worse. It Just seems that the United States is giving a lot of more hand outs while its own citizens are suffering. When that happens, that is when its time to close the purse strings to take care of American's with American tax dollars.

The Death Of Sickle Cell Disease - 1755 Words

The purpose of this essay it to determine whether or not Jonathon Jackson, a 30 year old air traffic controller whom has been faithful to his company and job for over eight years that has recently discovered he has sickle cell anemia, should be dismissed from his job regarding his genetic test results. Sickle cell anaemia is the most severe form of sickle cell disease and is a genetic disease of the red blood cells (Gibbons, 2015). Red blood cells have a disk like form which allows them the ability to travel through blood vessels. Although in people with sickle cell, the red blood cells form an abnormal crescent shape which makes them rigid and sticky as shown in Diagram 3 below. This causes the sickled cells to get trapped in small vessels which blocks blood from reaching different parts of the body leading to pain, tissue damage and many more symptoms (University of Utah, 2015). The term anaemia comes from having a shortage of red blood cells in your blood which occurs because sic kled cells only last up to 10- 20 days while normal red blood cells last approximately 120 days. The name ‘sickle’ comes from an old farm tool known as a sickle as shown in Diagram 4 below which represents the same shape as curved sickled cells (Petch, 2012). Sickle cell disease affects millions of people worldwide and is most common in those who have ancestors from Africa, the Mediterranean, The Arabian Peninsula and Spanish speaking areas in South America. People with sickle cell anaemia onShow MoreRelatedPrevalence Of Sickle Cell Anemia1639 Words   |  7 PagesEzeocha PREVALENCE OF SICKLE CELL ANEMIA IN THE UNITED STATES OF AMERICA According to Sickle Cell Disease American Association sickle cell anemia defined as an inherited blood disorder that alters red blood cells. 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This individual can, however, transfer the gene abnormality to any offspring that theyRead MorePharmacogenomics Of Sickle Cell Disease1444 Words   |  6 PagesPharmacogenomics of Sickle Cell Disease Abstract Hydroxyurea is a treatment therapy that is currently used to treat sickle cell disease. There are a total of 23 single nuclear polymorphisms (SNPs) that are involved with sickle cell disease. When hydroxyurea is given at an optimal maximum dose, it will act on the BCL11A gene and increase the fetal hemoglobin concentrations. There are a total of 5 SNPs that are associated with the BCL11A gene. Some parameters that were observed are differences inRead MoreAnatomy And Physiology : Sickle Cell Disease Essay910 Words   |  4 PagesPaper – Sickle cell disease Sickle cell disease, also called sickle cell anemia is a group of disorders that affects the molecule in red blood cells that deliver oxygen to the cells. Approximately 100,00 people in America are affected by this disease. Sickle cell disease is an inherited disease, which means it is passed from parents to their children. This disease occurs mainly in people if African, middle eastern, Mediterranean, and Indian decent. People who are born with sickle cell diseaseRead MoreSickle Cells Anaemia And The Sickle Cell Trait910 Words   |  4 Pages UNDERSTANDING SICKLE CELL ANAEMIA AND THE SICKLE CELL TRAIT Introduction Sickle Cell Anaemia is the commonest of most severe form of Sickle Cell Disease. SCD is a collective term for hereditary haemoglobinopathies caused by the inheritance of a mutated haemoglobin allele (sickle haemoglobin-HbS) in the erythrocytes. The HbS mutation is caused by a Valine to Glutamic acid substitution at the 6th amino acid of the ÃŽ ²-globin chain. (Harmon et al., 2012)The first known case of SCD in the western worldRead MoreSickle-Cell Anemia531 Words   |  3 Pages Sickle-Cell Anemia is an inherited, chronic blood disease in which the body produces abnormally shaped red blood cells. When the blood cells become crescent/sickle shaped, they are unable to deliver adequate amounts of oxygen to other cells. Also, these unusual â€Å"sickle† cells block blood pathways to the limbs and organs, limiting the amount of blood flowing throughout the body. It causes pain, organ damage, and anemia (low blood count). Unfortunately, however, when sufferers are born with this di seaseRead MoreVaso-Occlusive Events In Sickle Cells Case Study746 Words   |  3 Pagespain common in sickle cell patients; it is a result of the adhesion of cells to the endothelial lining. While leukocytes play a role in vaso-occlusive events, erythrocyte activity plays an even bigger role. It was discovered that the receptors on the erythrocytes and the endothelial cell were responsible for the mediation of the adhesion of erythrocytes to the endothelial lining (Stuart; Nagel, 2004). The adhesions of these cells to the cell wall is what leads to inflammatory disease, and certain types