Act Of Treason Essay

836 words - 4 pages

ACT OF TREASON

The Argentine government’s determination to avoid a technical default on its foreign debt has become immoral, politically unsustainable and economically insane.
After four years of recession and rigid adherence to a fixed exchange rate, or currency board, it is clear that Argentina simply cannot export enough to pay its debt. The country’s total public debt, internal and external, is about Dollars155bn, more than five times its annual exports. This is far higher than the ratio that the International Monetary Fund normally regards as sustainable – especially at the current interest rates. The 30 per cent spread between Argentine debt and US Treasury bonds reflects the ...view middle of the document...

Every day, many more people join the 14m already living in poverty on less than Dollars 4 a day.
Now the IMF and the Argentine government are seeking to inflict further pain on ordinary Argentines. The Fund is seeking a balanced budget for 2002. That may mean spending cuts of Dollars 7bn, combined with tax increases of Dollars 4bn. In US terms, such measures would be the equivalent of a Dollars 400bn-a-year tax increase/spending cuts package: perhaps Dollars 2,500 a year for every family. The result will be many more lost jobs, unpaid pensions, cuts in social services and in education – all so that the government can postpone the inevitable a little longer and service its foreign debts for a few more months.
This is economic and political lunacy. Certainly, Argentina has some structural fiscal weaknesses. Yet the problem is not the budget deficit but the recession, which is causing that deficit.
By the end of next year, the economy is forecast to have contracted by 10 per cent since 1988. Unemployment is nearing 20 per cent. In the past week, tax revenues were down more than 25 per cent, year on year. Each further round of budget cuts has worsened the recession, increased social tension and further reduced confidence. This one will be no different.
Neither the IMF nor anybody else would advise any developed country to adopt such masochistic and self-destructive policies. No one is suggesting that because recession has...

Other Essays Like Act of Treason

Louis Riel Essay

987 words - 4 pages determined and well-educated Metis and because of his ambition, he soon became the leader for the Metis in the Red River Rebellion. Throughout his time of leadership in the Rebellion, Louis had various different events that affected the way he was seen. The Manitoba Act with the Canadian Government in 1869-1870 was based on Riel’s leadership in the provisional government. The Manitoba Act established Manitoba as a province and was supposed to

Biography Of King Henry VIII Essay

1237 words - 5 pages trial and Thomas Cromwell took over the issue. To obtain the power of the church in England, he passed the Act of Annates in 1532. In 1533 Archbishop Cranmer declared Henry’s marriage invalid and Anne Boleyn was crowned queen a week later. As a result of this, the Pope excommunicated Henry and the archbishop. Then an act was passed that stated that no excommunications or judgments from Rome were valid. The Act of Submission of the clergy, the

Immanuel Kant

542 words - 3 pages morality; the only right thing is to do what reason dictates. His categorical imperative states: Act only according to that maxim by which you can at the same time will that it should become a universal law” (McLachlan, 2009, p70.). Thus as a rational being, man cannot to formulate a maxim to give other’s right to take his life because of he is in a terrible condition. This kind of maxim will not form a universal law thus it should be removed

David and the Five Loaves

877 words - 4 pages shewbread shows the importance of making wise decisions. David came to the city of Nob seeking help from its inhabitants, and yet when they asked why he was there he lied to them. He told them he was on a mission for the king, when in reality he was running from the king. This caused the people of Nob to commit treason against the king by helping Saul’s enemies and because of David’s lie the people of Nob were executed for treason. In the New

Bloop Bloop

1058 words - 5 pages II 45) he needs to be treated completely differently. He even tries defending his conception which took place in an act of “composition and fierce quality” (I II 13) as compared to the conception of his legitimate brother, “dull, stale.” (I II 14) It is clear that society has valued Edmund’s worth as less than that of his legitimate brother. Edmund has the most sympathetic motive of all the villains in the play. While Regan and Goneril are

Rosenberg Trial

1368 words - 6 pages . The Rosenbergs having been communists gave the government more of the reason to suspect them of espionage and treason. "The Red Scare, which peaked during the roughly seven years between 1947 and 1954, came to dictate the mindset of Americans during the early stages of Cold War. Marked by such unsettling events as the Alger Hiss Trial of 1948, the passage of the McCarren Internal Security Act and the rise of red-seeing Senator Joseph McCarthy, the

Nelson Mandela

637 words - 3 pages for treason and at one stage was acquitted. In 1964 though, he was sentenced to life imprisonment. Under apartheid Mandela served nearly 27 years in prison but he never gave up the fight. When Mandela was imprisoned at Robben Island he continued his work and teachings. In South Africa and around the world, Nelson Mandela's anti-apartheid messages gained in popularity. There is probably no one who has done so much to end the rule of apartheid as

The Causes and Effects of Unemployment in Ghana

1905 words - 8 pages movable property was imposed on merchants. The poor paid little or no taxes. Charles I was ultimately charged with treason and beheaded. However, his problems with Parliament came about because of a disagreement in 1629 about the rights of taxation afforded the King and the rights of taxation afforded the Parliament. The King's Writ stated that individuals should be taxed according to status and means. Hence the idea of a progressive tax on

The Supernatural Essence of a Play

932 words - 4 pages The Supernatural Essence of a Play William Shakespeare’s play “Macbeth” depicts the general idea of how things are not always as they seem to be. Throughout the tragedy of “Macbeth”, Shakespeare allows the reader to judge for themselves whether the actions taken by certain characters are truly honorable, or a form of a selfish act. One must go beyond the assumption of good and evil to truly get inside the minds of a criminal and

Events Leading To American Independence

981 words - 4 pages Coercive Acts/Intolerable Acts (1774)They were harsh actions that were made to keep the colonists in check. The Coercive Acts did not make the colonists very happy. The Coercive Acts included: closing Boston Harbor and they made them pay for the tea that they dumped in the harbor. They also reminded them of the quartering act which forced colonists to give British soldiers a home and a hot meal when they wanted. The last action they did was

Leaders for Social and Political Change

1017 words - 5 pages formed the Umkhonto, which advocated the use of violence. He raised money abroad for the organization and made arrangements for paramilitary training and anti-apartheid war. Nelson Mandela was arrested and charged with treason, sabotage and conspiracy to overthrow the government. As result, he spent 27 years in prison on Robin Island, off the coast of Cape Town. Several offers were made to free Mandela if he would renounce violence against the

Related Papers

Patriots Or Traitors Essay

627 words - 3 pages were heavily involved in the nation's roots, and they attempted to reconcile with the king on several occasions. Although one may argue that they committed treason when signing the Declaration of Independence, this is not the case. They had already previously tried to resolve conflicts with the king, but to no avail. Instead, the signing of the Declaration of Independence signifies their most patriotic act. If captured, the Founding Fathers would be deemed for an act they had not committed (treason) and would be hanged. Thus, the Founding Fathers literally put their lives on the line for this nation and are and have always been patriots.

Brutus's Innocense From Treason Essay

1616 words - 7 pages at that time was treason as there was no reason at all to why he should kill Pompey. Julius Caesar destructed the true meaning of the Roman Republic, making it absolutely necessary that he, a threat to Rome and its Republic, be eliminated. Brutus’s action was a true act of patriotism; he had constant internal struggle about it. The struggle between loyalty to his fiend and his love to his country was so severe that “it would not let you [Brutus

Assess The Changing Role Of The Probation Service

982 words - 4 pages Offenders Act, was the first act which allowed Probation Orders for all courts and offences, except murder and treason, but these orders did require the consent of the individual, and this consent remained a condition of Probation until the 1991 CJ Act. It was in 1938 that the Home Office assumed responsibility for the Probation Service and the 1948 Criminal Justice Act established procedures for organisation, finance and practice. While the service

Capital Punishment Essay

997 words - 4 pages outrageous. Amendments were made to reflect the changes in the society's views on the morality of capital punishment. That resulted in the narrowing down of the list of one hundred crimes to twelve, punishable by the death penalty in 1833, and in 1869 it was cut down yet again to just three: treason, rape, and murder because of violent nature of these crimes. These crimes, even today, are still viewed as violent and should be