The Ethical Concerns with Data Mining Essay - 2894 Words

The Ethical Concerns with Data Mining Introduction to Data Mining and Warehousing With the advent of computer technologies that can store large quantities of data, cross reference that data, and compute patterns in the data, benefits abound in many applications. However, with it comes new ethical concerns regarding the privacy and security of the persons or entities in which the information was sourced. While permission may have been received with each bit of information, which may have appeared harmless to divulge, there are issues regarding the datas ownership -- its sharability in US or globally, its combination with other data, its accuracy, its security, and its overall end use [1] -- that could contribute to privacy or†¦show more content†¦[1,2] An example of how data mining is conducted and used to benefit business can be explained in the following scenario: A bank wants to know more about its customers, in particular the types of people who might want a loan from the bank. This could be extremely useful information, because the bank could make big savings from using a tightly targeted marketing campaign, compared to one that tries to communicate with the general public...Using test data, algorithms are used to detect the characteristics of customers who took out a particular type of loan. These customers are differentiated from those who used other kinds of financial services, including other types of loan. The algorithm will be able to develop rules by which it can identify customers who are likely to be good prospects for the loan. These rules are then applied to the remainder of the database. The final computing task may be to sort the whole databank into clusters; groups of customers who share similar characteristics. It is at this stage that interesting and perhaps surprising patterns might be detected. These patterns then have to be interpreted by the data miners and banking staff. [4] In another domain, an indepth paper by the FBI Law Enforcement Bulletin concludes on the benefits of data mining: Law enforcementShow MoreRelatedUsability, Interaction, And Visualization1090 Words   |  5 Pagescomplementing research in the U.S. and Asia to become â€Å"breeding environments towards novel knowledge-based approaches that could improve a future model-driven sustainable interoperability† (Agostinho et al., 2015, p. 5). This shows the international concern for having infrastructures and standards that can interact across physical borders. The future indicates increasing sharing of knowledge and resources, in order to come up with standards and systems that can make ICTs more interoperable, includingRead MoreDifferent Ways Data Mining Health Care Information815 Words   |  4 Pagesfacilities, physicians, health care personnel and most importantly patients will definitely benefit from the data mining health care information. 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ThisRead MoreThe For Corporate Social Responsibility For A Company Manufacturing And Marketing Outboard Engines1394 Words   |  6 Pagesfor a company manufacturing and marketing outboard engines, you have been assigned the responsibility of conducting a research study to estimate the sales potential of your products in the domestic (U.S. or Canadian) market. Discuss key issues and concerns arising from the fact that you, the manager, are also the researcher. Our text suggests that often the most difficult issue arising from the fact that you, the manager, are also the researcher is that defining the objective can be somewhat difficultRead MoreList And Describe At Least Three Technologies That Allow An Individual To Research Citizens Private Data.1124 Words   |  4 Pages The Value of Digital Privacy in an Information Technology Age List and describe at least three technologies that allow an individual to research citizens private data. 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Stores are ableRead MorePrivacy and Citizens Data1498 Words   |  6 PagesIntroduction This is an era of massive violations of privacy rights and individual liberties due to the new technologies of surveillance, data mining, electronic monitoring, biometric chips, spamming, hacking, phishing, and security breaches at major private and public institutions. These new technologies make the protection of privacy rights far more difficult than in the pre-electronic past. Given the nature of the Internet, thousands or even millions of people can view these Twitter and FacebookRead MoreBuilding A New Coffee Shop1045 Words   |  5 PagesTraders Ltd is wanting to open a new coffee shop in Jackson Street, Petone. Initial research has been completed on costings and viability of the business. Needs Analysis Consultants have been hired to consult a number of various primary and secondary data collection methods to determine the potential number of customers and whether it translates into a profitable income. Purpose The purpose of this report is to analyse the potential methods that may be used in conducting research for this project

The Lottery, By Shirley Jackson - 975 Words

A Meaningful Story In the story, The Lottery, by Shirley Jackson, we are introduced to a story where traditions can be dangerous. It is a warm sunny day, and the time is approaching for the event to occur, the people gather in the town square and prepare for what they know happens every year. Slowly but surely, one by one they draw from the black box and the one that draws the right one, is chosen. The other villagers stone the chosen one to death. Although some readers may think this is just a normal story about a parable, it represents much more than just that. The author portrays a story about an attack on a small-town America. Shirley Jackson gives the reader this understanding by using the elements of irony, foreshadowing and symbolism. Irony plays an important role in this short story. One of the most of crucial ironies the reader should capture is title to the story. First and foremost, the reader will sit down, then read the title. Next they will start reading the story, t hinking it is the actual lottery. For example, the kind we can buy a ticket for and press our luck hoping one will win the enormous cash prize. During the story, the reader learns about the difference from what we know as the lottery. Therefore in this story the ultimate prize is very quite the opposite from what we know as the money prize in our game. Another irony in this reading is the prize the chosen one receives. As I stated earlier, one would think it is a cash prize butShow MoreRelatedThe Lottery, By Shirley Jackson1195 Words   |  5 PagesOn the surface, Shirley Jackson’s short story, â€Å"The Lottery,† reads as a work of horror. There is a village that holds an annual lottery where the winner is stoned to death so the village and its people could prosper. Some underlying themes include: the idea that faith and tradition are often followed blindly, and those who veer away from tradition are met with punishment, as well as the idea of a herd mentality and by stander apathy. What the author manages to do successfully is that she actuallyRead MoreThe Lottery by Shirley Jackson757 Words   |  4 Pagessucceed but many fail just like the main character Tessie Hutchinson in Shirley Jackson’s short story â€Å"The Lottery†. When someone hears the word â€Å"lottery†, he or she may think that someone will be rewarded with prize. But â€Å"The Lottery† By Shirley Jackson is different than what one thinks. In the story, a lottery is going to be conducted not like Mega Million or Powerball one play here. In the story, the person who wins the lottery is stoned to death instead of being rewarded with the prize. TessieRead MoreThe Lottery By Shirley Jackson931 Words   |  4 PagesIn 1948 Shirley Jackson composed the controversial short story â€Å"The Lottery.† Generally speaking, a title such as â€Å"The Lottery† is usually affiliated with an optimistic outlook. However, Jackson’s approach is qu ite unorthodox and will surely leave readers contemplating the intent of her content. The story exposes a crude, senseless lottery system in which random villagers are murdered amongst their peers. Essentially, the lottery system counteracts as a form of population control, but negatives easilyRead MoreThe Lottery By Shirley Jackson1504 Words   |  7 Pagesâ€Å"The Lottery† by Shirley Jackson In The Lottery Shirley Jackson fills her story with many literary elements to mask the evil. The story demonstrates how it is in human nature to blindly follow traditions. Even though some people have no idea why they follow these traditions. The title of the story plays a role in how Shirley Jackson used some literary elements to help mask the evils and develop the story. The title â€Å"The Lottery† serves as an allegory. When people think of the lottery majorityRead More`` The Lottery `` By Shirley Jackson894 Words   |  4 Pagesshort story â€Å"The Lottery†, author Shirley Jackson demonstrates Zimbardo’s concepts in three different areas: Authority figures, Tradition and Superstition, and Loyalty. The first concept Jackson portrays in â€Å"The Lottery† is the authority figures. Jackson indicates that the lottery is being held in the town center by one authority figure, Mr. Summers, annually on June 27th. Every June 27th, without fail, townspeople gather in the town square to participate in the annually lottery even though mostRead MoreThe Lottery, By Shirley Jackson1510 Words   |  7 PagesShirley Jackson’s â€Å"The Lottery† illustrates several aspects of the darker side of human nature. The townspeople in Jackson’s â€Å"The Lottery† unquestioningly adhere to a tradition which seems to have lost its relevance in their lives. The ritual that is the lottery shows how easily and willingly people will give up their free will and suspend their consciences to conform to tradition and people in authority. The same mindless complacency and obedience shown by the villagers in Jackson’s story are seenRead MoreThe Lottery By Shirley Jackson8 11 Words   |  4 Pagesâ€Å"The Lottery† was published by Shirley Jackson. The story was true expression of Jackson’s genuine thoughts about human beings and their heinous competence in an annual village event for corn harvest . First, her used to word symbolized main point of the story. Second, Jackson was inspired by few historical events happened in the past and a life incident in her life. Lastly, She was able to accomplish the connection between historical and biographical with the story. Therefore, Shirley Jackson’sRead MoreThe Lottery By Shirley Jackson934 Words   |  4 Pagesâ€Å"The Lottery† by Shirley Jackson signifies the physical connection between the villagers and their unwillingness to give up their tradition. â€Å"The Lottery† is very unpredictable and quite misleading. The black box has no functionality, except every June 27th. Shirley Jackson depicts the black box as an important and traditional tool. Although the villagers in â€Å"The Lottery† are terrified of the goal of the lottery and the black box, they are unwilling to let go of the tradition. Shirley Jackson portraysRead MoreThe Lottery by Shirley Jackson799 Words   |  4 Pagesthe mood and to foreshadow of things to come. The Lottery by Shirley Jackson is a story in which the setting sets up the reader to think of positive outcomes. However, this description of the setting foreshadows exactly the opposite of what is to come. In addition, the theme that we learn of at the end leads us to think of where the sanity of some human beings lies. The story begins with the establishment of the setting. To begin, Shirley Jackson tells the reader what time of day and what time ofRead MoreThe Lottery by Shirley Jackson1764 Words   |  7 Pagesfilled with excitement and eeriness, leaving the reader speechless. The Lottery , a short story written by famous writer Shirley Jackson, created an uproar on June 26, 1948, when it was published in the magazine The New Yorker (Ball). The gothic thriller, set in an unknown time and place, shares the tradition of a small town, a little larger than three hundred people, in which a drawing is held once a year. In this â€Å"Lottery,† each family’s husband draws a slip of paper from a black box. The husband

Porcelain and the economy of china Free Essays

Introduction In studying the history of the United States, we come to learn of its rise as a worldwide power. The Global economy has weakened in recent times, especially due to wars and unhealthy banking, leading many economies to major financial setbacks and crisis. China has long been a critical player and worldwide force in the economy, and still stands strong today despite the economic crisis. We will write a custom essay sample on Porcelain and the economy of china or any similar topic only for you Order Now As a key contributor to the economy, we have to look at it history and how it has affected the economy in the past. New York City is one of many places that was harbored Chinese immigrants in the early years of this country, and has a great cultural heritage of the Chinese people. At the Museum of Chinese in America, we see a diverse distribution of this installment. An item that I found at the museum was a porcelain teapot, titled â€Å"Teapot with gilded berry knob† (picture show in the appendix). This item caught my eye mainly because of its elegance, but also because of its age. As the city is so clustered together, one can easily miss the museum. It is a small building in the heart of China town in downtown. This makes it easy to navigate though; the artifacts and items are arranged in a chronological order, starting from the 1400s going to the early 2000s. It shows a historical journey and development the culture and arts of China people. Being an object dating from about 1775 to 1800, the teapot was displayed at the beginning of the tour. I wondered why the museum chose to include it, as it is the only sample alongside a beer cup, also porcelain. It is about 6 inches in height and 3 diameters wide. Like many porcelain pots it was white, with a painting of early Chinese 2 floor building in navy blue. It is cylindrical in shape with a simple handle and a straight spout, unlike modern teapots. The lid is about half of the top, with a small knob in the shape of a strawberry dotted with gold. The museum included this item donated by the New York Historical Society, to show its importance in the time period and how it became popular in the west. The curator mentioned that it was used mostly by the hierarchy in China; it was a symbol of wealth and power. It is also there as one of items used in trade when china began exploring the West, a popular item in high demand and interest, used by aristocrats and upper middle class in Europe and America. According to the curator; the hand painted structures were used as residential, religious, or governmental buildings, while the trees in the background were used to show the weight of hierarchy in the Chinese community. In this art form, depiction of items is of great importance, and is used as symbolism to show different attributes. We also see the horizon and few clouds. Chinese porcelain made its way to the West through the voyages of Admiral Zheng He. Born in 1372, the Ming Dynasty, he was captured by the ruling army at a young age and sent to work in the household of Prince Zhu Di. As he renowned himself during war and became commander of Chinese oceangoing imperial fleet. In his expeditions, he went to different places including India, Arabia and East Africa where he traded â€Å"Ming porcelain dishes and silks for medicinal herbs, spices, rhinoceros horn, ivory, exotic animals†, among other goods. Zheng had about 300 ships in his expeditions, given rise to the debate of the reasons he was sent out on the voyages. However, Finlay states the purposes included â€Å"diplomatic displays, military exercises, and trading ventures, with emphasis on these aspects shifting in response to both Chinese intentions†. From this we can we can see the ambition of trade and its significance from early civilizations of China. From an article entitled â€Å"Prosperity in Porcelain†, the product is commonly believed to have originated from china. The Chinese are well known for their tea, and that it is has been part of their culture for a very long time. Growing of tea for long time has led to the evolution of teapots as well. In this article, we learn that the earliest porcelain products where fine roughcast and light grey. Items made included bowls, jars saucers and even candlesticks. They were usually decorated with lotus flowers symbolizing purity and enlightenment, as Buddhism was growing as well about 420-589. As generations passed, so did the teapots; reaching a level of excellence around the year 960, with the changing styles and shapes, thinner roughcast and a smooth glaze. After the invention of the Blue and White porcelain, it became the foremost product for a very long time. The article mentions that this was in great demand from a very long time and became the embodiment of Chinese porcelain. In his article, Shangyun also describes the growth of the industry. Production and exportation boomed to a point that a ban was placed on unofficial maritime trade during the Ming dynasty, but smuggling of the ceramic goods became prevalent. At this time merchants from European countries such as Britain, Portugal, and Holland, began businesses and build companies in East China. The products have become so popular especially among the royalty and nobility, that one of the authors sources recorded 16 million pieces of porcelain were transported to Europe in the 1600s, and another showed half a million pieces per year after 1648. It was after development of companies in Europe that the exportation declined. I believe that this is when the Chinese economy begins to grow and become insular; from the article â€Å"Admiral Zheng He Voyages Across the Indian Ocean, 1405-1433†, we can see that it was after his death that china began to focus more on internal trade. Voyages where disliked by the empire and sanctions on fleets became more widespread, leading to a decline in western trade. A quote from the museum stated: â€Å"China possesses all things†¦and has no use for your country manufacturer†. This was from a letter to king George of England by the emperor Qianlong, showing the confidence he had in his economy. In today’s world the Chinese are still a giant in global economy, despite lagging behind other developed countries. Its leaders are optimistic and assert â€Å"†¦Chinese people are not reticent to boast that the stock market capitalizations of their corporations in energy, telecommunications, and banking are among the largest in the world†. This portrayal of confidence surely comes from a long tradition of trade that led the world for centuries. The vice president was quoted, saying pride China’s history â€Å"is the historical driving force inspiring people today to build the nation†, (Lawrence, p.5). This is the sense of pride and patriotism that the Chinese express. China is very well known for its cheap labor, cheap goods and growing economy, but also for its political beliefs. It is currently under communist regime, which may hinder its economic growth among democratic states. With booming industries ranging from technology to agriculture, it is has had a growing economy for centuries. In conclusion, resilient economy of China has been influential for many centuries, and still plays a vital role in the world. From creation of porcelain teapots to technological gadgets, its presence is felt all over. References â€Å"Admiral Zheng He Voyages Across the Indian Ocean, 1405-1433.† www.people.hofstra.edu. N.p., n.d. Web. 20 Jun 2011. . Beijing Review, 6/24/2010, Vol. 53 Issue 25, p40-41, 2p, 6 Color Photographs Color Photograph; found on p40. Finlay, Robert. â€Å"The Voyages of Zheng He: Ideology, State Power, and Maritime Trade in Ming China.† Historical Society and Wiley Periodicals, Inc 8.3 (Sep. 2008): 327-347. Web. 20 Jun 2011. Shangyun, Zhou. â€Å"Prosperity in Porcelain.† Beijing Review June 2010: n. pag. Web. 20 Jun 2011. . Lawrence, Robert. â€Å"Today, pride in China’s history is the â€Å"driving force† inspiring the Chinese people to develop their nation’s industries and economy.† Bussinessweek 1/5/2010, p5-5, 1p: 5-5. Web. 19 Jun 2011. . How to cite Porcelain and the economy of china, Essay examples

Goverment Spending Essay Example For Students

Goverment Spending Essay Government Spending Budget As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7 year plan to balance the Federal Budget by the year 2002 (Hager 1899). This would be done by incorporating $894 billion in spending cuts by 2002, with a projected 7 year tax cut of $245 billion. If this plan were implemented, in the year 2002, the U.S. Government would have the first balanced budget since 1969. There is doubt by citizens that a balanced budget will become reality. A recent Gallop Poll from January, 1996 showed the budget as the #1 concern among taxpayers, but 4/5 of those interviewed sai d they doubt the GOP will do the job (Holding 14). Meanwhile, an ABC poll from November reported that over 70% of those polled disapprove of the current performance by Congress, and most blamed politicians for failure to take action (Cloud 3709). These accusations of failure to follow through come with historical proof that Congress and Clinton have failed to compromise and resolve the issue. After all, current budget plans are dependent on somewhat unrealistic predictions of avoiding such catastrophes as recession, national disasters, etc., and include minor loopholes. History has shown that every budget agreement that has failed was too lax. One might remember the Gramm-Rudman-Hollings bill that attempted to balance the budget, but left too many exemptions, and was finally abandoned in 1990 (Weinberger 33). So after a pain-staking trial for GOP Republicans to create, promote, and pass their budget, as promised on campaign trail 94, Clinton rejected the very bill he demanded. This essentially brought the federal budget back to square one. Clinton thought such a demand on Republicans to produce a budget would produce inner-party quarrels and cause the GOP to implode. Instead, they produced a fiscal budget that passed both houses of Congress, only to be stalemated by a stubborn Democratic President Clinton. Meanwhile, Clinton bounced back with a CBO scored plan with lighter, less risky cuts to politically sensitive areas like entitlements. Clintons plan also saved dollars for education and did not include a tax increase, but most cuts would not take effect until he is out of office, in the year 2001. Although Clinton is sometimes criticized for producing a stalemate in budget talks, the White House points out that the debt has gone down since Clinton took office, with unemployment also falling. Republicans are quick to state that Clinton originally increased taxes in 1993 and cut defense programs, but his overall plan was for an increasing budget without defici t reduction. Startling Facts about the budget: As of 1996, the national debt was at an all time high of $5 trillion dollars, with interest running at a whopping $250 billion per year (Rau M-1). This equals out to an individual responsibility of more than $50,000 per taxpayer. Nearly 90% of that debt has accumulated since 1970, and between 1980 and 1995, the debt grew by 500%. Currently, the debt grows by more than $10,000 per second (Rau M-l), and at current rates, a baby born in 1992 will pay 71% of his or her income in net taxes. At current rates, our government is about to reach its breaking point. If thats not enough to scare a taxpayer, by 2002, 60% of government spending will be for entitlements, and by 2012, these programs are projected to take up all government revenue (Dentzer 32). Not only economic development, but also family income is hurt by debt. With the cost of living going up, it becomes harder to find a job. According to the Concord Coalition, real wages peaked in 1973 and have gone down ever since. If the economy grew as fast as it did in 1950, without a debt, the median family income would be $50,000, compared to .u238bf938525f62f1b1f690f15ba335da , .u238bf938525f62f1b1f690f15ba335da .postImageUrl , .u238bf938525f62f1b1f690f15ba335da .centered-text-area { min-height: 80px; position: relative; } .u238bf938525f62f1b1f690f15ba335da , .u238bf938525f62f1b1f690f15ba335da:hover , .u238bf938525f62f1b1f690f15ba335da:visited , .u238bf938525f62f1b1f690f15ba335da:active { border:0!important; } .u238bf938525f62f1b1f690f15ba335da .clearfix:after { content: ""; display: table; clear: both; } .u238bf938525f62f1b1f690f15ba335da { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u238bf938525f62f1b1f690f15ba335da:active , .u238bf938525f62f1b1f690f15ba335da:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u238bf938525f62f1b1f690f15ba335da .centered-text-area { width: 100%; position: relative ; } .u238bf938525f62f1b1f690f15ba335da .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u238bf938525f62f1b1f690f15ba335da .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u238bf938525f62f1b1f690f15ba335da .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u238bf938525f62f1b1f690f15ba335da:hover .ctaButton { background-color: #34495E!important; } .u238bf938525f62f1b1f690f15ba335da .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u238bf938525f62f1b1f690f15ba335da .u238bf938525f62f1b1f690f15ba335da-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u238bf938525f62f1b1f690f15ba335da:after { content: ""; display: block; clear: both; } READ: - Challenges Facing Urban Transport In Asia - Cons Essay

Goverment Spending Essay Example For Students

Goverment Spending Essay Government Spending Budget As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7 year plan to balance the Federal Budget by the year 2002 (Hager 1899). This would be done by incorporating $894 billion in spending cuts by 2002, with a projected 7 year tax cut of $245 billion. If this plan were implemented, in the year 2002, the U.S. Government would have the first balanced budget since 1969. There is doubt by citizens that a balanced budget will become reality. A recent Gallop Poll from January, 1996 showed the budget as the #1 concern among taxpayers, but 4/5 of those interviewed sai d they doubt the GOP will do the job (Holding 14). Meanwhile, an ABC poll from November reported that over 70% of those polled disapprove of the current performance by Congress, and most blamed politicians for failure to take action (Cloud 3709). These accusations of failure to follow through come with historical proof that Congress and Clinton have failed to compromise and resolve the issue. After all, current budget plans are dependent on somewhat unrealistic predictions of avoiding such catastrophes as recession, national disasters, etc., and include minor loopholes. History has shown that every budget agreement that has failed was too lax. One might remember the Gramm-Rudman-Hollings bill that attempted to balance the budget, but left too many exemptions, and was finally abandoned in 1990 (Weinberger 33). So after a pain-staking trial for GOP Republicans to create, promote, and pass their budget, as promised on campaign trail 94, Clinton rejected the very bill he demanded. This essentially brought the federal budget back to square one. Clinton thought such a demand on Republicans to produce a budget would produce inner-party quarrels and cause the GOP to implode. Instead, they produced a fiscal budget that passed both houses of Congress, only to be stalemated by a stubborn Democratic President Clinton. Meanwhile, Clinton bounced back with a CBO scored plan with lighter, less risky cuts to politically sensitive areas like entitlements. Clintons plan also saved dollars for education and did not include a tax increase, but most cuts would not take effect until he is out of office, in the year 2001. Although Clinton is sometimes criticized for producing a stalemate in budget talks, the White House points out that the debt has gone down since Clinton took office, with unemployment also falling. Republicans are quick to state that Clinton originally increased taxes in 1993 and cut defense programs, but his overall plan was for an increasing budget without defici t reduction. Startling Facts about the budget: As of 1996, the national debt was at an all time high of $5 trillion dollars, with interest running at a whopping $250 billion per year (Rau M-1). This equals out to an individual responsibility of more than $50,000 per taxpayer. Nearly 90% of that debt has accumulated since 1970, and between 1980 and 1995, the debt grew by 500%. Currently, the debt grows by more than $10,000 per second (Rau M-l), and at current rates, a baby born in 1992 will pay 71% of his or her income in net taxes. At current rates, our government is about to reach its breaking point. If thats not enough to scare a taxpayer, by 2002, 60% of government spending will be for entitlements, and by 2012, these programs are projected to take up all government revenue (Dentzer 32). Not only economic development, but also family income is hurt by debt. With the cost of living going up, it becomes harder to find a job. According to the Concord Coalition, real wages peaked in 1973 and have gone down ever since. If the economy grew as fast as it did in 1950, without a debt, the median family income would be $50,000, compared to .u238bf938525f62f1b1f690f15ba335da , .u238bf938525f62f1b1f690f15ba335da .postImageUrl , .u238bf938525f62f1b1f690f15ba335da .centered-text-area { min-height: 80px; position: relative; } .u238bf938525f62f1b1f690f15ba335da , .u238bf938525f62f1b1f690f15ba335da:hover , .u238bf938525f62f1b1f690f15ba335da:visited , .u238bf938525f62f1b1f690f15ba335da:active { border:0!important; } .u238bf938525f62f1b1f690f15ba335da .clearfix:after { content: ""; display: table; clear: both; } .u238bf938525f62f1b1f690f15ba335da { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u238bf938525f62f1b1f690f15ba335da:active , .u238bf938525f62f1b1f690f15ba335da:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u238bf938525f62f1b1f690f15ba335da .centered-text-area { width: 100%; position: relative ; } .u238bf938525f62f1b1f690f15ba335da .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u238bf938525f62f1b1f690f15ba335da .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u238bf938525f62f1b1f690f15ba335da .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u238bf938525f62f1b1f690f15ba335da:hover .ctaButton { background-color: #34495E!important; } .u238bf938525f62f1b1f690f15ba335da .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u238bf938525f62f1b1f690f15ba335da .u238bf938525f62f1b1f690f15ba335da-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u238bf938525f62f1b1f690f15ba335da:after { content: ""; display: block; clear: both; } READ: - Challenges Facing Urban Transport In Asia - Cons Essay