The Democrats blame the Republicans for this high cost of gasoline because they link Republicans to big oil companies. In reality, this issue should be blamed on the Democrats. After the Gulf oil spill, Obama banned off-shore drilling. The Democrats are silent because the extra cost for gas is just another tax from the citizens which they want. The United States is in a big hole economically and as of now, it doesn’t look too bright for the future either.
Hyperinflation is a high rate of inflation when inflation has gotten out of control. Hyperinflation does cause financial harm to a nation. Life savings can be erased in a matter of a few days. Money can become easily worthless giving no one any incentive to work. It can also caused people to revolt against their governments, fight among each other, or even go to war with a neighbor.
Their plan is supposed to restrict the growth of Medicare. This is a good start, but they have no definite plans on how to restrict it. Basically, the Republican plan aims to balance the budget entirely at the expense of the young (for whom we are trying to balance the budget), the environment that they will inherit, the poor, and the weak, while sparing the rich, thealready-by-far most powerful military in the world, the elderly (the ones who accrued most of this debt for us), and those who poison us and our environment.^3 Because the Republican plan to balance the budget is not an earnest attempt to secure the future of ournation by sharing the sacrifices across the population, but merely a political maneuver, it should be vetoed. This way, a more evenly distributed sacrifice, balanced, bi-partisan, and effective plan can be put into effect. Sources: 1. http://sunsite.unc.edu/concord/home/cc_sample.html 2. http://sunsite.unc.edu:80/concord/news/courier_v4n1.html 3.
Liberty died in America today I'm watching the results of the mid-term election as I write this and I am afraid that freedom died in America tonight. There have simply not been enough incumbents defeated to make an impression upon the entrenched elites who control the Big Government party which runs this nation. Yes, the House of Representatives has gone over to the Republicans, but those of us who were looking for the majority of that body to be composed of new people are disappointed. Yes, some of what the liberal mainstream media has taken to calling the “Tea Party” candidates have won their races. But their numbers are few, miniscule really in comparison to the total of 435 seats that were up for grabs.
The Social Security Trust Fund thrives off the baby boomers that were born after World War II. Now, these baby boomers are retiring and they will “throw the budget…out of whack” (Schiller 265). When this happens, there will be fewer workers per retiree and a primary source of government will disappear. We should be worried about this because the treasury will not easily be able to pay back the Social Security Trust Fund. As a result of this, Congress would have to raise taxes as well as make cuts in certain programs and as Schiller says, “none of these options is attractive” (Schiller 265).
It’s just some more empty promises from wealthy, money hungry officials who just want votes and publicity to tell people how they are going to fix things and it will be different. They are in way over their heads and people are tired of listening to broken promises that will never be fulfilled. It just goes back to the beginning that’s to blame? But the biggest question that none of our so called government officials and leaders can answer is
Many people believe that the trickle-down theory is just an excuse to justify favoring the rich financially and the benefits keep going to those richer people. This may have begun with Reagan, mostly. But I think this problem did not just happen suddenly. This was something that started as a small justification for reasons the economy was looking horrible to the majority. But, it took years for us to create the mess America is now seeing with these theories in place.
Around August of 2007, banks become afraid to loan money out due to the fact that they did not want to suffer from losing money yet again. “This led to the $700 billion bailout, and bankruptcies or government nationalization of Bear Stearns, AIG, Fannie Mae, Freddie Mac, IndyMac Bank, and Washington Mutual. By December 2008, employment was declining faster than in the 2001 recession.”(useconomy.com). With so many foreclosures on houses, many americans were either homeless, or had bought a cheap apartment to keep them from being homeless. Because of the recession, and bad economic, many Americans have no jobs, and barely have a house.
It was marketed towards the citizens of the United States as a tool to “put Americans back to work” without adding “a dime to the deficit”(Epstein, 2013). This legislation is proving to be unsustainable due to it being hard to price on an annual basis (Epstein, 2013). While unemployment rates have been going down, the increase in jobs leans more towards part-time rather than full-time work (Epstein, 2013). This can also be attributed to the change in unemployment benefit laws, which restricted the length of time you can claim
I believe the reason we are in an economic crisis, the reason our growth as a country has tapered off, and the reason so many poor people can’t picture good futures for themselves, as well as their children, is because of inequality in this country (Johnson). We’ve allowed a few very wealthy people to accumulate a massive amount of political and economic power in this country. We have unknowingly built a financial, economic, and political oligarchy here, and until we break from that oligarchy or put it behind us by “reforming the banking system and changing the way finances are organized in this country”, we're not going to have anything that we will feel is appropriate to call a dream (Johnson). Where is the dream for those living on the street and begging for food and spare change? Where is the dream for the child at school with no supplies?