<p>Proof-Reading.com</a> - Proof-Reading.com Scholarship Contest
NOW OPEN
Deadline: June 1, 2012</p>
<p>The Proof-Reading.com Scholarship Program awards one $1,500 scholarship each year. </p>
<p>This year's winner will be announced on July 1, 2012. To be eligible to enter the Proof-Reading.com Scholarship Program, you must meet the following criteria:
attend classes at an accredited four-year college or university in the U.S.
take a minimum of 12 semester units (you must be a full-time student)
be a legal resident of the U.S. or provide a valid green card
maintain a cumulative Grade Point Average (GPA) of at least 3.5</p>
<p>Award may be used at:
Any postsecondary Four-year institution in the United States</p>
<p>You must write a minimum of 1,500 words in reference to the information presented below. There is no maximum word count. We will focus on grammar and your ability to present ideas clearly. Include a Works Cited page, with a minimum of three sources. The essay must follow the Modern Language Association (MLA) system for documenting sources, which is set forth in the MLA Handbook for Writers of Research Papers, 7th edition (New York: MLA, 2009). </p>
<p>ESSAY:
On May 16, 2011, the United States hit the current debt ceiling of 14.3 trillion dollars. In order to continue paying our debts, Congress has been urged to increase the debt ceiling. Congress has announced that it will not approve a debt ceiling increase without an included plan to decrease spending. After September 2nd, the United States will begin to default on its financial obligations.</p>
<p>Based on the information given above and information gleaned from outside sources, respond to one of the following essay prompts: </p>
<p>1.What are the risks and benefits in raising the debt ceiling? What effect would this raise have on the U.S. and world economies?</p>
<p>2.What are the economic implications of defaulting on our loans? How would this default affect the world economy? Are there any alternative solutions that would prevent a debt ceiling increase and allow us to pay our debts in full?</p>
<p>3.Republicans have presented a plan that includes increasing the debt ceiling in two stages, each with its own set of budget cuts. This plan was approved by the House, but was denied by the Senate. The Democratic proposal reportedly includes a one-time debt ceiling increase. What are the advantages and disadvantages of dividing the debt ceiling into two stages? What guidelines or restrictions should be included in order to prevent the need for further increase before the next presidential term?</p>
<h2>4.It is speculated that proposed budget cuts would come from Medicare, Social Security and support for the troops abroad. What are the short-term and long-term implications of such spending cuts?</h2>
<p>There have been 5 scholarship applications submitted since Aug 17, 2011. </p>
<p>GOOD LUCK!</p>
<p>Take Care,
Lisa</p>