If the big government cuts of taxes for the “job creators,” it will have no positive effect on the economic status, but will decline and collapse eventually. As our nation sinks into inflation, Stockman says “today’s natural security is really doubled Eisenhower’s when he left office in 1961.” The Soviet Union era (the nuclear bomb and Sputnik) caused the economy to spend $400 Billion in today’s dollars; Stockman compares that situation to Ryan’s future plan. Similarly Ryan’s
Congress must agree on a plan, which could take years, and then the market must be weaned slowly from dependence on the companies and the financial backing they provide. The reasons by now are well understood. Fannie and Freddie, created to increase the availability of mortgage loans, misused the government's support to enrich shareholders and executives by backing millions of shoddy loans. Taxpayers so far have spent more than $135 billion on the cleanup. The much more divisive question is whether the government should preserve the benefits that the companies provide to middle-class borrowers, including lower interest rates, lenient terms and the ability to get a mortgage even when banks are not making other kinds of loans.
People wanted a memorial for 9/11 but this will cost the country more money and that fact that it will put them even more under isn’t helping either. This article helps me cover some of the major issues within the social aspect. These point helps prove that 9/11 cause even more damage with the clean up and the memorial. US Foreign Policy After 9/11 This sources again follows the social change that happened after 9/11. Bush made terrorism, a huge deal leading to the major focus on the military.
Even so, millions will remain uninsured,” (Pros and cons of Obama care June 29, 2012). Taxes will increase, so yes our health insurance coast goes down but is made up for in higher taxes. Another con is that by forcing states into federally-mandated health insurance it goes against state rights and violates federalism. Finally, not only is there fines if you don’t have health insurance but there is also the fact that “some speculate that you can be thrown in jail for failure to pay your health insurance taxes,” (Pros and cons of Obama care June 29, 2012). The evaluations of the pros and cons should be evaluated by their effectiveness.
Albert Garcia Missus Jennifer Lowe English 1303 11/2/12 America’s Plutocracy is Revolting For the past couple of years, there seems to a new subject that is engulfing social circles, the internet, and the news. It seems as if citizens have discovered the 1%, or America’s richest individuals. Some have dismissed these reports as inflated statistics, greatly exaggerated and that an individual cannot own that much money. In reality, America is very much controlled by a wealthy elite, as explained by Mike Lofgren in his article “Revolt of the Rich”. Lofgren proposes that the wealthy elite in America are transitioning into separating themselves from the common population.
Conversely, the United States’ output and employment would suffer and lead to larger increases in interest rates over the long term (Page & Reichling, 2012). Higher interest rates would prove extremely detrimental to the economy. Not only would it stifle growth in general, but it would also increase the amount of money the government would have to spend to service its debt. This would hamper government spending that produces a benefit to the economy. Sequestration offers limited austerity now and could reduce the need for more drastic, Greecelike austerity measures in the
Proponents argue ObamaCare makes health insurance more expensive and constitutes excessive government interference in the economy. The ObamaCare has it's share of pros and cons. The pros and cons of ObamaCare boil down to this: the average American has a lot to gain and little to lose, while those making more, including larger firms and consequently their employees, may notice negative financial effects. While some groups benefit more than others, all Americans
AFFORDABLE HEALTH CARE The Healthcare Industry is a 2.8 trillion dollar industry. From issues like personal bank-ruptcy, overpaid executives in the healthcare industry, inconsistent pricing from health care pro-viders and hospitals and patients not able to afford to have health care, there was a need for health care reform. Due to several inefficiencies that drove up the cost of healthcare, a reduced standard of care to patients, and Americans that could not afford to have health care, the Affordable Care Act was passed in 2010. Some of the key goals of the ACA were to reduce the rate of health care spending and the burden it placed on families, businesses, employers and state and federal budgets as well as improving the quality of care provided to patients. One of the provisions in the ACA is that all Americans are required to have health insurance.
Consumerism is defined as the concept that an ever-expanding consumption of goods is advantageous to the economy, according to Webster’s Dictionary. This term first began its circulation in a post WWII America, when your two duties as an American citizen were to hate communists and spend money frivolously. After WWII many things changed in the home front, a lot of which had to do with the fact that the American economy suffered after WWI and we had learned from our mistakes the first time around. One major change is that the world of credit was introduced after WWII. Before that, in order to buy a house you needed at least half of the homes worth for down payment in order to be approved for a mortgage loan.
Many Americans found themselves very uphappy with the recent tax increases in 2013. They received their first check only to find it slightly lower then checks from the year before. There was a large outcry from the working class across America admonishing the current administration for further taxing the working middle class American public. The current administration estimates that universal healthcare will cost the United States over a trillion dollars over the next ten years. Many have safely assumed that this number could double, increasing a deficit on an already financially unstable government.