Save or spend
For a long time now this country has been faced with a rather large deficit. Whether you believe the deficit was caused by the Bush Administration, global problems, or even the banking issues, the point still remains that we have a serious crisis that needs to be dealt with. Obama is moving forward with his plan to instill confidence in the consumer and provide hard money to business in an attempt to help the country. There are a few different methods to help boost the economy, as we have seen with what Bush tried to do and now Obama. I come from a firm belief that the economy should, in time of need, be helped out by the government when things turn bad. This is obviously straight from Keynesian Economics, which is what is being used today, in some form. This is just my belief, as many theorists have pointed out, there is not one way to balance the budget, and the success of the theory depends on a lot of different things occurring in the country. Furthermore, I believe that the government should not just spend or cut in order to balance the budget. I believe that the budget should have both occurring simultaneously, meaning that some programs will need to be cut, while others should get more money. What do you guys think?
· Which theory do you prefer?
· Do you believe that the government has no place in the economy and that things will eventually work themselves out?
· Would you take a spending or cutting approach in order to balance the economy, or both?
Sunday, January 31, 2010
Subscribe to:
Posts (Atom)