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How to reduce budget deficit
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Is the us national debt out of control, That is the question here yes it is we shouldn't have a debt so large when we are practically the biggest and worst state of all 50 of them so why is the debt so large it's because we borrow things such as money and guns and ammo anything that costs money we borrow. Why act sooner than later? If we act now we could make better things. we could save the money and put it to stopping homelessness or find cures to diseases. Or fund some of the schools and build new and upgrade schools. The background is the fact the US spends money like it’s water or air thinking they have plenty which the cold hard truth is money runs out but happiness does not. So we need to pay back all people and live without money for a while till we save and get more so we don't have. Is our debt out of control Yes or No? …show more content…
Not to borrow money and stop borrowing things that cost money. Or stop spending money to where we have to borrow. A big one is to reduce the size of worldwide troop presence which would get rid of 49 billion dollars of it. And to reduce the size of troops in Iraq and Afghanistan to 30,000 that gets rid of 169 billion dollars of it believe it or not. Cut Cap Medicare Growth. If we cut that it will give us 562 billion dollars! So why aren't we doing these methods? Reducing benefits for those who have high incomes will save us 54 billion dollars all these methods will help tremendously.Returning estate and investment taxes back to the Clinton era.The Clinton era was when the debt was on a balanced budget and we had a surplus. If we had a balanced budget like in the Clinton era and surplus which means gaining we would all be gaining money instead of losing it but that would also mean more jobs and more work time. So the people that have jobs would have to work longer hours or longer days on. Payroll tax: Subjects income over 106,000 to the
One thing that I have learned about college is that you have to sometimes talk about things that make you uncomfortable or scared in order to learn. I do not think I am alone in saying that the United States’ current debt situation is terrifying. Ten trillion dollars alone is an expansive and unimaginable amount of money, and since PBS produced Ten Trillion and Counting in 2009, the national debt has grown to twenty-one trillion. As stated, the documentary was produced during the first months of former President Barack Obama’s first term and focused on former President George W. Bush’s relationship with national debt during his eight year tenure. Ten Trillion and Counting explains some of the questionable decisions that former President Bush made, especially regarding fiscal policy.
“Land of the free and the home of the brave.” This line has represented the United States for decades. These words were captured in The Star Spangled Banner by Francis Scott Key and since 1913, the United States has adopted The Star-Spangled Banner as its national anthem. We have used the Red, White, and Blue as one of our nation’s symbols. It has fifty stars, to represent the number of states we have in our Union. The military pledges its allegiance to the flag and the country which it represents at all costs. We are the land of the free and the home of the brave, and we are proud to show it.
I suggest that the Social Security system be amended to include benefits for self-employed farmers and disabled workers. While there is much work to be done on economic policy domestically, the foreign policy must be dealt with as well. One of the most important aspects of foreign economic policy is that of trade. There are different ways for a government to legislate trade. It can be done from a protectionist position or from a more free trade position.
Which leads into my third and final premise, changing the date will be a large step towards reconciliation and act as a demonstration that we have aspirations to make our country better. Many people claim that changing the date will not change history. Of course they’re right because nothing can change history. If we were capable of doing so, I’d like to think we would have done it already. Changing the date of Australia Day will not reverse the suffering that the original custodians of this land were subjected to. Nor will it abolish the iron fist of racism that Australia seems to be gripped by.
Picture a stunning sandy beach, waves lapping on the shoreline and the sun setting on the horizon creating a breathtaking atmosphere. The never-ending golden sand stretching as far as the eye can see. This is Australia.
I. You might have heard politicians in the news, talk about overhauling our tax system with a new fix-all idea, the flat-tax. This would simplify our overly complicated tax system and might seem appealing at first glance, however there are serious problems with it.
It’s fall everyone and Halloween is coming.I would like to tell you that fall is the best season of all.
However the interest we pay on our nation 's debt is very small compared to the overall budget. According to the Center on Budget and Policy Priorities only 7% of the total budget is spent on interest which is relatively low compared to things like social security which took up 24% of the budget in 2014 (Policy Basics). As long as the United States can continue to keep the interest rates low the debt will continue to be a begin threat. If the creditors of the U.S. were to spike their interest rates, America would be in trouble, however America has fairly good credit, and it should remain that way unless there is another scare like the government shutdown in 2011 (Riley). Overall the threat of the nation debt is a very minute problem in the grand scheme of things. According to The Richest, only five nations in the entire world are completely debt free, which is astounding when you consider that there are about 195 countries in the entire world (Mathers; How Many). These figures show how extremely difficult it is for a country to run without having a certain amount of debt, and America having debt should not be a concern. America is not even in the top ten countries whose debt make up the majority of their GDP (Country List). Which means that at the moment American’s should not be overly
The US has been in and out of debt countless times throughout history, going as far back as the Civil War. However, debt did not become a truly relevant problem until much later, in the 1980s (Budget Deficits). Up to that point, large budget deficits were generally only allowed during wartime, but this pattern ended after the Great Depression. Roosevelt’s New Deal meant that the government spent much more than it previously did, even after the economy improved (Budget De...
The national debt is usually a frightening topic citizens of any country, however, in the United States, twenty trillion dollars of national debt is one of the major fears of the economy. Along with this fear comes every politician claiming to be the person to lower this astronomical debt to ease concerns in the modern American economy. In Hamilton’s Blessing, John Steele Gordon tries to alleviate these concerns by showing a plethora of benefits and good the debt has been able to do throughout the history of the United States. The central premise of the book and the main guideline for John Steele Gordon’s thinking is that the debt was used to save the Union in the 1860’s, the American economy in the 1930’s, and the wellbeing of mankind during
advantage, and I will show you how to choose a proper credit card, why you should pay
If you are an immigrant or just want to live in one of the best counties in the world illegally, with no penalty if you get caught come to Americana. They will welcome you with open aims Just like (Fred Reed) – said in “Why Blame Mexico” (we say to impoverished Mexicans, “See this river? Don’t cross it. If you do, we’ll give you good jobs, driver’s licenses, citizenship for your kids born here, school for said kids, public assistance, governmental documents in Spanish for your convenience, and a much better future. There is no penalty for getting caught. Now, don’t cross this river, hear?” How smart is that? We’re baiting them. It’s like putting out a salt lick and then complaining when deer come. Immigrant parents would be irresponsible not
We hear about the debt almost every day: news talks about it, politicians argue about it, even President Obama gives speeches on it. So what is the significance behind it? In this article I am going to explain briefly what the national debt is, how big it is, and what it has to do with us.
Many people take for granted the opportunities they receive through the hard work of others, but this attitude needs to stop because it has become the “norm” for students to expect their teachers and professors to provide them with an education. While it is true that in the United States, students are required to attend school until the age of eighteen, many children around the world lack this luxury. This “right” is commonly looked down upon by students, because they do not have the motivation to succeed, as they did not have to work to get into school and to pay for their schooling. Everyone takes something for granted, whether it is an education, a roof over one’s head, food on the table, or the commencement speaker at one’s high school graduation, everyone forgets to be thankful. As Admiral McRaven stated, “But of all the things I remember, I don’t have a clue who the commencement speaker was that evening, and I certainly don’t
Summer has come to an end and school back in full swing. One is ready to crush the challenges facing a 5th grader. The last bell for recess sounds. Young boys race outside to enjoy the sun’s warmth. Name calling and horse-playing around immediately begins as they plan their weekend fun. Challenging each other to execute silly acts or daring one another to flirt with the girls across the playground. One yells out if you don’t jump from the top you are a sissy. Then one hears ask Julie out first. Recess is almost over when another one yells out he won’t…he’s a gay sissy. Silence has now blanketed the playground and one could hear a pin drop. Saved by the bell it was time to line up and head back to class. The final bell of the day