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The National Debt Problem
The National Debt Problem
The National Debt Problem
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Federal Budget Activity Reflection Mark S. Bolin II Grantham University Federal Budget Activity Reflection Reducing government spending has been one of the toughest issues in America and the congress has always put a lot of pressure on the federal budget. In this activity, I was able to simulate a budget that reduces the debt to below 60% of GDP in 2024 and made sure that the level would be kept through 2030. The decisions made were tough; however, I was convinced that the cuts I made in the budget were necessary as shown in the discussions below. Justification of the budget Troops in Afghanistan plays important role in the protection of the lives of Americans. Terrorism is still a threat and since it can destabilize …show more content…
I noted that if people retire early, it does not cost the government a lot of money, that money could be saved. Then at that age, reducing the scheduled benefits would not give a lot of trouble because at that age, there will be no demands. Then, using the right measure of inflation that gives the accurate figures is very core because it helps save money. In this scheme, all benefits were reduced because we need an economy that is debt free. Medicare is an important issue that affects most Americans. Thus, I chose very important health care choices that would help Americans. In this way, repealing the legislation by scrutinizing the SGR Repeal and Medicare Provider Payment Modernization Act of 2014 was core but the cuts were to remain. Then, I realized that growing Medicare spending has become one of the biggest long-term fiscal challenges in the country, thus, modernizing Medicare would give us a way of saving some money. To sum up, you will note that the decisions made in healthcare enabled me to save good money. Possible …show more content…
According to most policy makers, they believe cutting these spending is very harmful because they might go into some projects that Americans depend on. They put it that these cuts might create massive unemployment, compromise military readiness to sudden aggression and do away with projects that have put America to be where it is in the current global politics. However, according to my view, I do not think the cuts I have done would really jeopardize the lives of many Americans. I believe that my approach has looked it from a more balanced approach because it only reduces it by $ 320 Billion, which is not an amount that can put America into danger. Consider that during Obama administration, the target cuts were projected to be 2.5 Trillion. Thus, my cut is not that much significant. Again, being that America is a super power, they take their military serious. They believe that strong military is core to maintaining the position. Thus, interfering with the military, where I consider replacing them with civilians might be counterproductive. However, I believe that qualified civilians should take up some positions like office work and other areas that do not need combat in the army. This does not in any way compromise the military because they will be able to give the same intelligent at a manageable
Our Preamble lists five main goals that are required to help create a strong and stable society within our country. However, money is required in order to achieve these goals. We get this money from the Federal Budget which is the yearly amount we receive in order to better our country. The question here is, are we slicing the pie correctly in relation to the federal budget? In each of three budget clusters, the U.S Government should make adjustments in the way it is distributing money by making changes involving the Big Five, the Middle Five, and the Little Guys.
Despite his many compromises however, Thomas Jefferson’s intent to dissolve the national debt was to a great extent unvarying. Jefferson and his Treasury Secretary Albert Gallatin honestly feared a large federal deficit as a threat to Republicanism. To avoid this threat, the President sought to diminish the role of the federal government, and decreased the national budget. These budget cuts substantially diminished the size and resources of the American army and navy. When criticized, Jefferson defended these military cuts as being consistent with Republican policies in that a smaller U.S. Army would be seen as less of a threat to other nations and reduce the risk of provocation, resulting in the ultimate promotion of peace.
During the study of various reforms that were proposed and denied, both the GOP and Democrats attempted to find a balance that would guarantee the success of their proposals. Years of research, growing ideologies, political views and disregard for the country's constitution sparked an array of alternatives to solve the country's healthcare spending. The expenditure of US healthcare dollars was mostly due to hospital reimbursements, which constitute to 30% (Longest & Darr, 2008). During the research for alternatives, the gr...
...ch overwhelming evidence on the table, it would be hard to ignore the huge negative impact budget cuts will have on the Navy. By cutting down on flying times, eliminating training deemed nonessential, and decreasing the amount of deployments, our sailors are losing valuable experience that they would not gain elsewhere. Through the lack of maintenance on our ships, the Navy is also experiencing a decrease in readiness. By decreasing the amount of forward deployed ships, we are also increasing our reaction time to potential threats to our allies and other interests abroad. Finally, as we miss out on or delay the modernization of our Navy due to fiscal reasons, we are hindering ourselves from attaining the most combat ready force that we could be. As the United States’ economy rebuilds up to its former glory, increased military spending should be soon to follow.
The United States Military though has problems in the country and has been having these problems since the invasion. Training Afghan forces and fighting the Taliban has not been working and is not efficient. We are trying to win the hearts and minds of the people but when the Taliban are blowing up schools and hospitals, winning those hearts and minds is a challenge. “Americans are used to be successful and these wars are not” announces Mark Lytle (Hampson). Americans are being worn down and soon will be on the verge of giving up, something Al Qaeda wants, and we are letting our enemy win this war. Afghanistan though also has ethnic problems. There are several divisions in Afghanistan, different tribes different ethnic background. The concept of majority rule has not been sitting well. The Afghan Government is corrupt and is not efficient enough to rule effectively. “The sooner we accept that Afghanistan ...
This imposes problems on the military and even on the government. One article states that, “Reduced budgets and the threat of sequestration create a sense of uneasiness in the ranks, and those fears are fueled by politicians willing to shut down the federal government rather than compromise.” (Army Magazine) This is because with the increase of budget cuts they start to cause problems for the ones who are working and this creates lost jobs in the military. No one wants to lose their job not even the ones that have put forth a great amount of time and effort in the military. For the ones that have been in the military for a long period of time this can actually have negative effects on their life style and even cause problems when returning
Our military campaigns in Afghanistan eliminated a regime that supported terrorism and other violent groups. Today in Afghanistan there is no regime and the country is rebuilding it self from the ruins of Soviet war. John Ashcroft who is now the famous man on TV is probably the only one who takes the problem seriously. He said that he wants to check for people who have connections with the Alquida and its cells. But some people say it’s unconstitutional to do that, but in 1700’s or even 1800’s terrorists did not attack America. That means that our finding fathers did not had to deal with Ottoman Empire nor their attacks because we were protected by oceans. Even in the old days constitution was not a factor for some people to do something immoral or illegal.
With congress passing ObamaCare last year we are taking baby steps towards a health system overhaul we so desperately need. The skeptics, though, still argue against it, citing the costs as too much or that it’s un-american. Health care is a basic need for everyone, and as such should be right protected and provided for by the government. There are great, economic, moral, and social benefits to be reaped, and so it is important for our government to continue down this path its started and also important for Americans to provide our full support. There is much to overcome to completely reverse the direction of the health system, and I’m sure it will take many years for the results to pay off, but I’m glad we’ve at least provided the groundwork for future generations to build
The two major components of Medicare, the Hospital Insurance Program (Part A of Medicare) and the supplementary Medical Insurance program (Part B) may be exhausted by the year 2025, another sad fact of the Medicare situation at hand (“Medicare’s Future”). The burden brought about by the unfair dealings of HMO’s is having an adverse affect on the Medicare system. With the incredibly large burden brought about by the large amount of patients that Medicare is handed, it is becoming increasingly difficult to fund the system in the way that is necessary for it to function effectively. Most elderly people over the age of 65 are eligible for Medicare, but for a quite disturbing reason they are not able to reap the benefits of the taxes they have paid. Medicare is a national health plan covering 40 mi...
Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.
Should the government decrease military spending or should it increase military spending? This is a question that many Americans wrestle with, and politically speaking, is a point of great contention since to many, military might evokes a sense of security. However, when considering this question from a foreign policy standpoint, does current military spending really match the current level of threats faced by the United States, or are too many dollars being allocated for an unnecessary level of military strength? There are certainly cons in making the decision to drastically lower military spending, but they are minimal when compared to the positive ramifications such a decision would have. This paper aims to explore these pros and cons
Will the security of our nation be compromised? Will U.S. enemies take it as a chance to land a brutal blow against America? Yes, these things will happen. However, they will only happen if the military budget is decreased too much, or if funds are not used appropriately. For instance, maybe the U.S. needs to invest less of its resources into meddling into foreign affairs. At some point, America became the terrorists in the “War on Terror.” Undoubtedly, America has the strongest and best-trained military on the planet. Mainly because of how many resources we’ve invested in building it. Granted, this great country will not falter with some military budget cuts here and there. Instead, it can take those funds and invest them into the leaders and workforce of tomorrow and brighten its
Establish cut-and-invest committee, it can cut low-priority spending, increase high-priority investment, and consolidate duplicative federal programs. Cut-and-Invest Committee would expected to cut 200 billion dollars in discretionary cuts, freezing up to 100 billion dollars in high-priority investments. Downside to this may be losing a lot of blue collars jobs in current economy. I think it’s a good idea it might lose jobs but it will a lot increase a lot federal job since and it manage what is necessary and what isn’t.
The war on terrorism in Afghanistan has been the longest war in the history of the United States of America, the war that nobody wanted is finally coming to an end. Ever since the September 11th attack on the twin tower in the heart of New York, the United States has led a 13 year long war on terrorism in the war-torn country, Afghanistan. The ending of the war is a major turning point in the history of America and Afghanistan. The ending of the war will be the greatest test on the people of Afghanistan to see how they will take their country into their own hand and decide its fate. The future of Afghanistan is that it will not be stable enough to run on its own due to the high level of poverty, high levels of corruption and limited influence from foreign countries after the departure of foreign troops and the presidential elections taking place in Afghanistan.
I will first share my ideas on lowering government spending. First and foremost I believe we must lower defense spending and downsize our military. We have the most powerful military in the world and can afford some budget cuts without risking national security or global standing. We must also cut spending on the home front. I believe we should lower welfare payments and encourage people to find jobs instead of relying on the government. We should also give tax incentive to wealthy citizens to give up their U.S Bonds therefore lowering the Federal Debt. Also the wealthy should be eliminated from the Social Security System.