The reforms were approved by Congress as part of the Fiscal Year 2022 National Defense Authorization Act. "The changes represent the most significant transformation of the military justice system since the was established in 1950," the president's executive order states, calling the reforms "historic." "While it will take time to see the results of these changes, these measures will instill more trust, professionalism, and confidence in the system," Gillibrand said in a statement sent to NPR. But military prosecutors will now make those decisions, rather than commanders. It had been up to commanding officers to decide whether to prosecute such cases. military handles sexual assault cases as well as other serious crimes, including domestic violence, child abuse and murder. Kirsten Gillibrand, D-N.Y., who has long pushed for changes in how the U.S. "Overall, a very low share of such cases go to trial or see convictions." "Sexual assault cases in the military have been plagued with concerns from victims who fear coming forward to see prosecutions led by their own commander," as NPR reported last December. The reforms, which won bipartisan approval in Congress, remove serious criminal cases from victims' chain of command and instead place the cases under the authority of trained prosecutors. Mnuchin’s dreams of $2 trillion in extra revenue from Trumpian pump-priming.President Biden signed an executive order Friday implementing sweeping changes to the military justice system's handling of sexual assault cases. The bigger any Trump-backed increase in the federal deficit, the faster the Fed will raise interest rates, reducing the boost from fiscal stimulus and raising the government’s interest tab. So the Fed probably would respond to a big Trump tax cut by raising interest rates faster than it would otherwise to prevent the economy from overheating. What happens if President Trump and Congress decide to press down on the accelerator with a big tax cut that isn’t offset by spending cuts? Economic textbooks and Fed models provide the likely answer: At full employment, fiscal stimulus likely will have little impact on output and mostly result in more inflation. It is pulling its foot off the accelerator, and is prepared to tap on the brakes if the economy proves much stronger than anticipated.įiscal policy at all levels of government, meanwhile, is close to neutral, neither stimulating or retarding economic growth. The Fed considers that to be full employment, and is beginning to raise short-term interest rates, albeit gradually because inflation remains below its target. Unemployment is now at 4.4%, not the 10% of 2009. It is pulling its foot off the accelerator, and is prepared to tap on the brakes if the economy proves much stronger than anticipated. unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill.” Most agreed that “the benefits of the stimulus will end up exceeding its costs,” even factoring in higher taxes in the future. Only one of the 44 top academic economists surveyed in 2014 by the University of Chicago’s Booth School disagreed with the assertion that the “U.S. Despite some naysaying from Republicans, that bill is widely credited with helping to end the deep recession. That understanding led to the Obama fiscal stimulus legislation in 2009. Economic textbooks teach that when there is substantial unemployment and unused industrial capacity – when private demand is inadequate – then a deficit-widening increase in government spending or a decrease in taxes is called for.
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