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The U.S. president, Barack Obama proposed today a plan to cut the deficit expected to reduce public debt, currently $ 14.3 billion, 4 billion over the next twelve years.

In a speech at George Washington University in the U.S. capital, Obama said his proposal “makes any kind of spending on the table but protects the middle class”, the “retired” and “investments in the future.”

Obama plan combines public spending cuts, which represent three quarters of savings with a tax code reform, among other things, eliminate tax cuts for the wealthiest who adopted his predecessor, George W. Bush.

“It is a proposal that achieves nearly two billion dollars in budget cuts. Will cut interest payment of our debt at one trillion dollars. Calls for tax reform to eliminate another billion in expenses of the Tax Code,” he said.

The proposal will require the second half of the decade the country’s debt, currently has $ 14.3 billion, a decline in percentage of Gross Domestic Product (GDP).

This will establish a mechanism that will implement automatic spending cuts if, by 2014, the projected ratio of debt to GDP has not stabilized and points to a decline at the end of the decade.

Those cuts, says the plan would not apply in any case, public health programs, social security or to aid the disadvantaged.

Among the cuts, Obama proposes a freeze on non-compulsory expenditure in the federal budget, which he estimates will save 770,000 million dollars in twelve years.

It also provides savings in the defense budget amounting to 400,000 million dollars, through an increase in its funds fall below inflation.

After six months of continuous pressure of markets, Portugal finally decided to resort to outside help this week, a victim of sovereign debt crisis and its own structural weaknesses.

At this time, the Government has allocated Luso rescue the persistent rumors to mere speculative attack which also helped the credit rating agencies, and has based its defense on its economic indicators, while not positive, no worse than other neighboring countries.

The main reason put forward by investors to penalize high-interest debt of Portugal was the high public deficit of 8.6 percent of GDP in 2010, above the European average but lower than in countries like the United Kingdom ( 11.4%), USA (10.5%) and Spain (9.24%).

In a kind of vicious circle, the pressure at which underwent markets soared Portugal doubts aroused by their economic situation, which in turn did nothing but get worse as interest on its debt was increasing, -and therefore more expensive, making it more difficult, access to finance.

The theory that Portugal needed a bailout was encouraged on several fronts at home Luso, where dozens of analysts and experts gave it as a fait accompli through the local media since last January.

Even the main opposition group, the Social Democratic Party (PSD), called “not criminalize” the IMF earlier this year, while warning that elections would ask if they relied on foreign aid, a premonition that he has finally fulfilled almost to the letter.

Another argument put forward by the markets to justify its pressure is the unemployment rate Lusa, above the European average, with 11.2 percent, but lower than other EU member countries such as Spain (20.4 %), Lithuania (17.4%) and Latvia (17.3%).

According to Miguel Ferreira, a researcher at the Faculty of Economics, Universidade Nova de Lisboa specializes in public finance, the real “handicap” of Portugal is the high trade deficit, valued in 2010 at 20,000 million euros, equivalent to 8 percent of GDP.

In this article we will try to shed light on a hotly debated topic for a long time and that in recent years has gained much more notoriety for the proliferation of new types of Internet-related businesses is whether in all cases it is necessary to sign registered to practice independent economic activity.

To answer we will directly determine what it says in Article 2.1 of Decree 2530/1970, of 20 August, which regulates the Special Regime for Social Security for Workers Self-Employed says literally ‘For the purposes of this Special Scheme, shall be construed as self-employed person or self-one who performs regularly, personal and direct economic activity for profit, without being bound by it to contract and even if you use the service paid from other people …. ” And also in Article 1.1 of Law 20/2007 of July 11, the status of self: ‘This Act shall apply to individuals engaged on a regular basis, personally, directly, on its own and outside the field of management and organization of another person, economic or professional activity for profit, give or occupation employees … ‘

Based on these articles we see that is a prerequisite for being registered as an independent economic activity exert direct and personal way, so far all agree, also has to be for profit is to charge a fee for it, also according . The problem is when you look at other conditions is also essential: the activity must be habitual. That means that the activity must be habitual exercise Doing odd jobs is a normal? “Selling products online is a normal? Doing Internet advertising is a normal? “Selling on Ebay is a normal?

If you look at what is in the dictionary of the Royal Spanish Language Academy, we see that the term generally means that you do, have or has with continuation or habit, that is something that takes place continuously in time. The difficulty is how to measure the habitual or continuity over time, for example if we exercise every weekday activity is clear that it is normal but if you exercise three days a month

In the economy there is a very important sub-theme, finance. Economics and finance are two closely related issues. Since the first is a general topic and the second a more specific, but always go hand in hand. Because in global terms it acts in an affordable way, but for this to implement the rest of the finances required to operationalize the system. This is reflected in the finances of the country, the fiscal management within the country will have to have controlled spending and you do reach a point where there is a fiscal deficit. Which would lead to a debt, the demand for credits abroad. The same applies to the regime and the emicion money. With the latest must take extreme care, since a emicion expansive, would inevitably lead to inflation. Which is often out of hand, mainly affecting the poorest people. Therefore, is that economics and finance can not be taken separately, but as an indivisible whole, to meet a simple fact that the meet the multiple needs of individuals and organizations.

The economy is the social science that is concerned to solve one of the most fundamental problems of human beings. The fact that this has endless needs and limited resources to meet them there. Throughout the economy, it seeks to provide a solution to this problem, which is as real as the fact of breathing. Whenever you are seeing some economies are unable to meet even the most part, the requirements of the population. Many countries mired in poverty and even their basic needs such as water, food, shelter, electricity is not suited for much of the population, as the economy prevailing in that country is simply ineffective against these problems. And because of this, is that the economy is today a fundamental factor in world politics. Today, more than ever, countries tend to join forces around the economy. We can see that most often are agreeing various free trade agreements between different nations. This, as one nation, not enough to satisfy her population as required. But you need so pressing other countries to stay and to continue their economic growth. This is because of globalization we are experiencing.