2008 is cited as the year in which we entered the current financial crisis; potentially one of the worst in US history. This week's assessment asks you to evaluate the progress of economic recovery in the US and consider how our nation will overcome this crisis.
a) http://norris.blogs.nytimes.com/2011/01/28/the-american-economy-bigger-than-ever/?scp=7&sq=recession&st=cse
b)http://www.time.com/time/business/article/0,8599,2044918,00.html
C) http://www.thefiscaltimes.com/Columns/2011/02/11/GOP-Cuts-Budget-with-an-Axe-Instead-of-a-Scalpel.aspx
Respond to all of the following questions in a blog or typed statement of no fewer than 250 words. Responses may be posted, turned in or emailed to me at: bridgettefranciscsi@gmail.com
1. Based on these three articles, what is the current state of the U.S. economy? In your opinion, is the economy on the rise or still in a period of stagnation (no growth)? Explain.
2. What do you see as the greatest barriers to economic recovery in US Society?
3.Many state the reason why the US' economy can't recover is the amount that the government is spending. Explain why the solution to cut spending is more complicated than many believe - (use article B to help.)
4. Make a proposal for enhanced economic recovery over the next two years in the USA.
Lisa Borzi
ReplyDeleteD Block
Based on the articles, I believe that the economy is currently rising. Compared to 2007, personal consumption expenditures are up 1% and government spending is up 5.3%. In the final quarter of 2010, the economy grew to an annual pace of $13.383 trillion, which is .14% percent larger than the annual pace was at the peak before the recession. Also, in the fourth quarter of 2010 the economic growth rose to 3.2%, which is 2.6% higher than the percent growth it the previous quarter. During 2010, the economy grew the most since 2005. The economy was able to grow this much due to consumer spending, higher stock prices and wage gains and strong sales of U.S. exports to other countries. Government spending can possibly cause a barrier in recovering the U.S. economy. Although government spending helped the economy progress throughout 2010, during the fourth quarter it dipped .6% because of cuts in government defense. The price of oil may also cause a barrier in progressing the economy because if oil prices increase, the sale of oil might decrease. Many say that the economy cannot recover because the government is spending too much money, but cutting spending is more complicated than most believe. As proven in the fourth quarter of 2010, if the government reduces spending the economic growth will decrease. The government cut spending on federal defense, which ultimately lead to a decrease in growth even though they spent more money on non-defense projects. This shows that if the government reduces their spending, the economy cannot grow; although many believe that the government should cut spending so the economy can grow. I believe that if the government keeps spending money in places where it will benefit economic growth and increases the availability of jobs, the economy will successfully recover within 2 years.
The three articles all bring about the same conclusion, the United States economy is doing much better than what it was during the recession. Consumer spending has been a dramatic influence on the economy as it has positively helped the economy. Because of constant government spending many Americans feel cutting government spending will be the solution. Sadly cutting spending will not solve the problem, yes it will reduce the country's debt but it will not solve the problems already created by the recession. The American public at this time is very hesitant on spending as money is important to everyday living. Since the of the recession in June 2009, many felt better and spent more. As records show consumer spending has increased by 4.4 percent. It seems that the American public is becoming more comfortable with the government and believe the recession is over so they can spend their money at will. The only problem lies with the people. Because of the recession many still feel the effects of the recent recession and understand they cannot just spend their money at will but use it in a wise manner. This way if the problem arises again the people will be at a better standpoint. But as of now the economy is stable, consumer spending increased. The general public has faith in its government once again. Experts believe consumer spending will increase by 3.2 by fall of 2011. This is beneficial as it will help the economy even more. Since people believe government cuts can help, many fail to see what programs will be cut as a result. For example, Rep. Michele Bachmann, R-MN, had promised to cut veterans benefits by $4.5 billion. Such actions should not be done especially to the men and women who fought for our country. People have to understand that cutting programs will have negative effects on the United States. The problem will go from too much government spending to not enough being done to help those who has lost it all, people who have been suffering because of the recession and those affected by poverty. The problem at hand id solved will fix the other problems. Cutting spending is a very delicate topic and must be handle appropriately by experts.
ReplyDeleteaccording to these three articles and the info there displaying shows that the economy is indeed riseing from the pits of the 2008 massive recession which put a blemish on our Countrys grand history.its a little cliche but the numbers dont lie gonverment spending is up by 5.3% and.In the final quarter of 2010, the economy grew to an annual pace of $13.383 trillion, which is .14% percent larger than the annual pace was at is highest during the recession.people say that stats are just numbers but this shows clear growth within our economy and we are really not in a stagnation people are spending more and so is our goverment. people are more covedent in our economy.
ReplyDelete2.well people maybe not be willing to spend there hard earned cash they dont fell securtity any more so they will save up there money but there actually hurting the economy if theres no money rotation the situation well never get better.but also oil is very expensive so people might not buy any or not buy a car which again hurts our economy.alot of people think that cutting goverment spending is like makeing your bed simple. this is really false because the economy does better with a little goverment we need it our economy will do bad and go futher down the pole.
4.i think we need to spend on more things we known will help us lik welfare and our denfese but we need to spend less on our wants.the government needs to spend on bulding more jobs so unemployment we decrease more rapidly.
These three articles are essentially implying that the current state of the U.S. economy is better than expected; we are recovering from this most recent recession at a slow and continuous rate. Statistics reveal that in the fourth quartile of 2010, our nation’s GDP increased by 0.14% compared to the fourth quartile in 2007, which was also the period right before economists say we entered a recession. American exports have increased in demand and value, and the capitalist spirit is in full swing based on recent sales reports. However, we are suffering nonetheless from budget cuts and higher rates of unemployment. Despite these factors, I believe that the U.S. economy is still continuously rising. No nation can grow without a few setbacks and based on the statistics of the rise in consumerism and the high GDP number, I feel like we are heading in the right direction. Our greatest problems that we must face now are the decisions the government is making. In the third article, Bruce Bartlett reveals just how much our nation actually relies on government spending, whether we realize it or not. The Republicans are proposing that they should cut this spending, which means there will be less funds for fundamental programs such as social security, student loans, and mortgages. We must keep in mind that the federal government has experienced a blow from the recession as well but it is undeniable that these programs they provide are necessary for our country’s growth. I believe that if the Republican proposals go through, then the U.S. will face even harder economic times. Our fear that we have no support from the government will result in a new fear to spend any money at all, which will hurt our economy. With that said, cutting any sort of government spending is risky for it will have a domino effect on the entire nation. A way to encourage this economic recovery is to instead increase government spending and job opportunities; that way, people will feel more secure about their families and their decisions, which will all pay back into our economy’s growth.
ReplyDeleteChristina Tsang D-Block
Based on the three articles listed above, the United State’s current economy is doing a lot better than its state during the last few years. As stated in article A, “during the fourth quarter of 2010, our economy grew to an annual pace of $13.383 trillion, measured in 2005 dollars. That is 0.14 percent larger than the $13.364 trillion figure recorded in the fourth quarter of 2007 — the peak before the recession.” This clearly shows how far America has come since the beginning of the recession, and proves how our economy is steadily growing. I believe that this process is due to the increase in consumer spending and high rate of exports as evidenced in article B, “The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas. The growth is boosting hopes for a stronger 2011.” However, the US does still face barriers on its path to recovery. One of these specifically is credit. Many citizens are beginning to get a lot more comfortable spending money because of this new safety they feel from our improving economy. This leads to many people taking out loans etc, driving themselves into debt, resulting in awful situations such as foreclosures and bankruptcy. I feel that if we, as citizens, can control ourselves better and manage our money more wisely we can help improve the economy as well as improve our own lives. Although this may seem like a simple task to accomplish though, it is much easier said than done. Many Americans would much rather see the government spend less then to see themselves cutting down. Unfortunately, as seen in article B, government spending is a lot harder to mange than people may think. By cutting spending too drastically, our economy can actually suffer more due to the lack of knowledge of what the exact effects of such action would do. It’s a very risky endeavor therefore is not the most responsible action for our government to take for all of America’s sake.
ReplyDelete-VANESSA KREYTAK
D BLOCK
According to these three articles the current state of the U.S. economy is doing a lot better but is still in recovery. This has been one of the longest recession recoveries yet. Personally I believe the U.S. economy is in a period of recession still. I feel like nothing has been getting better. I look a my relatives and their families and money is tight. Just last week I was talking to my parents who are seriously feeling the effects of the recession and it hurts. Money is tight everywhere, workers are being laid off, work hours are being cut, stores are closing and going out of business, families are losing their homes, etc. All I see are articles talking about how the recession is over but all that I feel is the recession on my family’s shoulders. Some of the greatest barriers to economy recovery in the U.S. are unemployment, poverty rate, supply and demand, government spending, and the amount of money being circulated. Many people including me believe that the economy is having trouble recovering from this recession because of the amount of government spending. I used to think that if the government would just stop spending millions of dollars on unnecessary things and stop borrowing money from other countries the economy could become a lot better, but I was wrong. The issue of government spending is more complex than people think. it’s not that simple to just cut spending because when it is cut Americans will suffer even more. The first programs to be cut from are programs like Student Loans, Child and Dependent Care Tax Credit, Earned Income Tax Credit, Pell Grants, Unemployment insurance, Medicare, Medicaid, Welfare/Public Assistance, etc. The truth is if government spending is cut we may not be able to survive anymore, poverty will sky-rocket and malnutrition will be popular among people. I think that finding a vast amount of gold and gas would help the economy recover a lot faster over the next several years. With more money circulating more jobs will open, more bills will be paid, and more people can become wealthy decreasing the poverty rate. Also if the government were to find a way to create more programs to help people now and focus on just that for a while maybe things could get a lot better a lot faster.
ReplyDeleteAlyssa Ditre- C block
ReplyDeleteBased on the three articles, it seems as if the economy is rising from an economic depression. The economy is growing from its worst decline in over 60 years. The nation’s GDP increased 0.14% since 2007 when the recession began. Increased consumer spending was a big reason to why the economy grew quickly. Although the economy is finally growing and becoming more stable, any screw up and the economy can drop easily and the government is back to square one. Everyone has to understand, just because the worst of the recession has passed, it is not completely over. I believe if the government’s spending decreases, the economy could do much better. Government spending causes a slowdown in the recovery of the economy. Also, less budget cuts would help increase the economic growth. It would keep more jobs in certain fields. Businesses are growing and more construction projects are forming. I truly believe if the U.S had more US manufactured products (ex: cars, furniture, main exports and such), the US would have more business and more trade to keep the economy stable. Another way to enhance economic growth is to make more job opportunities. Having more jobs will help families have a roof over their heads and food on the table, along with keep the money circulating. Within the next few years, the economy could fully recover if the government is wise with their spending, and don’t cut the necessities the country needs to survive in society.
After reading these three articles I believe the economy is improving. Our economy needs to recover from the recession at a slowly yet steadily. Within these articles many statistics showed numerically, the growth of our nation's economy. Specifically, these statistics state that during the fourth quartile of 2010, our nation’s GDP increased by 0.14%. When these numbers are compared to 2007's numbers there is a large difference, showing improvement. The year 2007 was a period labeled by the economists as the start of a recession. On another level of economic improvement, American exports have increased. However, our economy is being hurt by budget cuts, which ultimately is leads to higher rates of unemployment. I believe that the U.S. economy is still growing to become stable. With an increase in demand and value of American imports and the rise of the GDP, I stand by our nation’s path to becoming an improved economy.
ReplyDeleteThe economy is rightly in the hands of the government. In the third article, Bruce Bartlett illustrates how our nation is dependent on government spending. The Republicans support the decision of the government cutting this spending. This decision would lead to fewer funds for fundamental programs such as social security, student loans, and mortgages. Even thought the government cannot afford all of this spending at this time, these programs are necessary for our economy’s growth. If the Republican Party overrules this decision, then the U.S. will struggle to improve. This is because if the government does not spend money, that attitude will rub off onto society and no one will spend any money. Cutting government spending is a huge risk for our economy. An increase government spending should influence economy’s recovery. Money from the government should be used to give skilled citizens job opportunities. More spending will induce a secure feeling on the society, which will help lead our economy to a successful future.
Gina Ianniello
E Block
The United States recession started back in 2007 and was said to be the worst recession since the great depression. It was said to be due to downfalls in our banking system which led to failing companies, elevated foreclosure rates and the decreasing opportunity in the job market. Over the past year the United States has seen improvement in the economy and many believe that we are out of the recession completely. The United States economy grew to 13.364 million dollars which is the highest it’s been since the fourth quarter of 2007 right before the recession. The United States is on track to success but with such a large country getting out of a complete recession is still very difficult. Unemployment rates in the United States are still low and it is estimated that it won’t be back to full growth until 2016. Good news is there was a 2.5 percent growth in the economy which is the most since 2005. The United States faces many challenges whilst trying to get out of this recession. As an economic powerhouse our debt is rather large. We are also a big center for trading, increasing the risk for a global downfall. Countries that feed off our economy saw slow downs. Kenya and Cambodia saw 5-10% slowdowns in their economy due to this recession.. If the government cuts too much of it’s spending its simple, the economy will slow down. The United States can not slow down its economic growth in the time of a recession so they are stuck in a circle. Keep spending and the debt may only increase. A lot of pressure by the republicans has been put on Obama to stop making unnecessary investment and focus on paying the major debt that we owe. To successfully get out of the recession the United States is really going to have to watch how and where they spend their money. Unnecessary spending can not be tolerated if we plan on completely getting out of the recession.
ReplyDeleteJames Verdi D-Block
1.Based on these three articles, I believe that the U.S economy is increasing. The biggest reason the economy is increasing is because consumer spending is up and the fourth quarter increased by 3.2%. Consumer spending is important because it keeps the money flowing. For example, when more people spend money on imported good or homemade goods, it keeps business alive. Overall, big businesses run this country. Furthermore, when big businesses have good income the countries economy is stable and everything
ReplyDeleteruns smoothly.
2. - The greatest barrier to economic recovery in U.S society is getting people to spend money. Because people are scared of loosing money and becoming bankrupt, they decide that saving money is the best idea. While some part of that thinking is true, in order to get out of this recession the only way is to add money to the economy. The only way to add money into the economy is by spending.
3. Many people say that the U.S economy can’t recover because the amount that the government is spending. However the question “where do you cut the spending from?” is raised. In reality, the government cannot cut spending because there is no where to cut it from. For example, by cutting spending in education, kids will not be able to get a good education. Another example is military. By cutting spending in the military, then protection is lowered. Therefore spending cannot be cut, however reserving could be made.
4. in order to enhance the economy, spending is necessary. Therefore, by cutting down prices people will start to spend even more. This second step is to reserve spending. In order to do that there will have to be a cut in excessive spending. By doing these two steps I think it will take some time to recover but recovery will slowly happen.
KENNY CHO E block
According to these three articles, the most recent state of the U.S economy is doing extravagantly better since the year 2007. But the economy is still in major recovery. This is still one of the longest recoveries from a recession in United States history. Personally I believe that the United States is still in a period of reseccion. I feel nothing is getting better, but getting worse. I hear my friends, and relatives saying that money is tight. Some of my friends say that their parents can barely afford to live in their homes. Also my friends and relatives are saying that they have to watch how they spend their money. People can not really go on vacation because of money issues. Money is a problem everywhere in the United States. Employees are being laid off, hours are being shortened, Each parent has to work two jobs just to get by, buisness is shutting down, families are losing their homes, poverty is increasing, etc. By reading these articles all I see is how the recession is coming to a hault. I think that is not true, no matter how much money a person makes, everyone is a victim of this recession. Even in my own family. My parents are watching what they spend and how much they spend on a monthly basis. Some of the greatest barriers to the economy recovering in the U.S is the poverty rate, unemployment, supply and demand of goods, government spending, and how the money is being dispersed. Many citizens believe that the main reason that the recession is still in affect because of how much the government is spending. The issue of government spending is alot more intricated than people think. The government can't just cut spending just like that. We the American citizens will pay the price. Some programs that the government would cut are health insurrance policies such as Medicaid, Medicare Fidelis, child and dependent care tax cuts, pentions, IRS. Student loans would also be cut, unemployment insurrance. If the government spending is put to a stop, we will not be able to survive in this world. The poverty rate will increase significantly, and the life expectancy rate will decrease substantially. There will be more diseases spreading all over the U.S. A way for the economy to regain its composure is to increase government spending on the needs of the people and job oppurtunities. Citizens will feel more at ease and secure about money making decisions.
ReplyDeleteAdrian Nieves C-Block
America’s Economy has been going through many obstacles throughout the years. These three articles have concluded that our economy has improved since the last recession which ended in June of 2009. I believe that the economy is slowly progressing. Since the recession, consumers have been cautious about spending their money but a cut in workers' Social Security taxes, higher stock prices and wage gains from a slowly healing jobs market should make people feel better about spending, economists say. This shows that consumers themselves play a huge role in the outcome of our economy. A big obstacle that our economy now faces is the unemployment rate. There are still many people with no jobs and there is not a lot the government can do for the people. According to the 2nd article, that government spending has stopped being a source of economic growth. The pullback reflected cuts in spending by the federal government on defense and by state and local governments, which are struggling with budget problems.
ReplyDeleteHowever, cutting spending could affect us as well because if we don’t spend we won’t have imports or anything for the people in our country to consume, and like said before consumers play a big part in the growth of our economy. The government not only uses money for products of the country but also to help the lifestyle in our country run better such as roads, transportation, government-run jobs. To cut back government spending is a high risk and may not be a positive side to recovering. Our government runs our country thus they need to do what they have to do, but for the people living in the country, that includes shelters, job opportunities, programs in training for needed workers. Money that the government makes goes to the better of us, and if this gets pulled back any more, it can be very inconvenient for us. A way for us to recover I believe is to provide more jobs. Since consumers are important, we should not let the poverty rate go up any higher. We need to make consumers secure and comfortable through more opportunities. We would not want to end up corrupt. Providing more jobs can help the government out to as taxes go out to them and the poverty rate will go down. It is nice to keep our country appealing but there are more important things that needs to be fixed instead of new buildings or upgraded versions of technology. We just need what is convenient to us.
ANGELA SALMOS
D-BLOCK
Haynes Yatco
ReplyDeleteC-Block
According to the three articles, the United States’ economy is currently in a period of recovery. Our economy has been through a recession in the last few years, and it clearly shows that we are recovering at a slow and continuous rate. The gross domestic product measured in the fourth quarter of 2010, the economy has grown to $13.383 trillion. A .14 percent inference tells us that it was at its peak before the recession. The reason of this increase was due to consumer spending. Consumer spending allowed an increase in demand and value in goods; however, we now face budget cuts and unemployment. The more we spend on consumed goods costs a lot of money. Many people are spending money because they are not aware of what is happening in the economy. This is shown in June 2009, consumer spending increased by 4.4 percent. People are spending their money freely, without worrying about anything. They do not know that the recession is affecting the economy tremendously. The only way to prevent this from happening again is if everyone is aware of what is happening in the economy.
As of right now, our economy is slowly recovering and is rising. I feel that by knowing how much we spend and what we spend our money on, we can help improve our economy. In the second article, we see that the cause of our instability is because of government spending. Cutting our spending will not solve problems caused by the recession. The country’s debt will be reduced, but it will result bankruptcy. Knowing that the government will cut their spending, will not only provide relief, but also, secured. We spend our money, if the government spends their money. That is how our economy works. If the government increased their spending wisely, we are looking at recovery in the near future.
After reading the articles I believe that the economy is at a stand still.They state that this is the slowest recovery since the Great Depression. After the Depression the economy returned to it's peak outputin the eighth quarter,as opposed to the recession we are currently in which took twelve quarters. But it also states that the economy is moving at the fastest pace it's been in four years. People are spending more and a lot of US companies are shipping more goods overseas. The qrowth has risen 3.2 percent which is better than the 2.6 percent of the perivous year's growth. The recession was declared over in June of 2009. Economist expects that consumer spending will continue to rise 3.2 percent or even more. A reason why I believe we are in a stand stiil is because of budget cuts. While consumers are spending more the government is not. If the government would stop making so many cuts the economy would be improve a lot quicker. Poverty lines have have not increased or decreased so thats good. It all balls down to the government. They are hindering sucess in the economy by making cuts.
ReplyDeleteC Block
1) The United States economy is slowly recovering in certain aspects, while in other aspects the United States is suffering from a period of stagnation. For instance, the economy is growing and the country is larger; however, unemployment is higher than it was when the nation’s recession began. Spending decreased because there is lack of credit availability, which is beneficial for the common people; however, spending is needed in order for the economy to stimulate. According to the New York Times article, “The American Economy: Bigger Than Ever”, spending now especially on projects of infrastructure could have an impact on the economy.
ReplyDelete2)As mentioned in #1, the rise of unemployment dominates the lives of many Americans, leaving families to suffer financially. It is a great barrier for Americans, even those who have high qualifications, that are not given a fair opportunity to serve in this economy.
3) The solution to cut spending is more complicated than many believe because this economy needs money to be spent in order for money to be received. Also, it is not simple to cut spending when money from the government is needed in order for the economy to function. For instance, government funded schools provide education for students and jobs for teachers, principals, janitors, etc. If the government cuts spending on education, some schools may be forced to close, teachers may loose their jobs, more students may be placed in one school, and the condition of schools may reach to its lowest point. According to the Fiscal Times article, “GOP Cuts Budget with an Axe Instead of a Scalpel”, congress cannot cut spending that has already been spent. Therefore, if there should be any cuts in spending, there should be heavy cuts in small spending rather than from meaningful savings. Overall, it is easier to state that the government should cut spending; however, millions of American benefit from government programs.
4) In order to enhance the United State’s economic recovery, there needs to be an increase in public work programs. These public work programs do not have to be just bridge and highway projects, but should also include environmental jobs that reduce energy use and global-warming. These projects should be ones that most quickly boost the economy while providing long term benefits.
Marisch Perera
E Block
According to the articles, America’s economy is slowly but surely improving. I agree with this fact because of the articles, as well as observations of the world around me. The economy is indeed improving. Everyday, it slowly rises a few points. It is the slowest recovery that America has endured but it is better than no recovery. One of the ways that the economy is rising is because of consumer spending. When people spend money on items like appliances, clothing and furniture, it stimulates the economy. However, the road to recovery will be long and arduous because many people aren’t contributing to the economy. People are buying less because of the shortage of income. Some people can’t even buy things in general because they are unemployed. In this period of recession, people are going to be very frugal and not spend as much money until the economy improves and inflation decreases. This is one of the barriers that America will need to overcome in order to return the economy to a better standing point. Many people believe that the economy will better itself if the government cuts its spending. While that is a good idea, it would be a very difficult task to pull off. The government spends so much money on things that keep America running, that it would be very difficult to decide what to and what not to cut. There are so many people working behind the scenes, doing jobs that we don’t know about, that if they were cut, America would change drastically. Also, if the government cuts any more of its spending, more jobs will be lost and it will only add to the problem of the economic downfall. If America wants to a faster more efficient growth in the economy, the people will have to buy more to stimulate it. Even if the purchase is small, it will make a difference and get us out of the recession quicker.
ReplyDeleteJohn Schiavone C-Block
It is up for debate and determination whether or not we're on the high road to recovering from 2008s financial disaster, but based on several things, I believe that the nation is in fact stuck in a rut of stagnation. On one hand, inflation for various goods still exists, most notably with gas. Although it has gone down from its almost unheard of $5.00 and up per gallon, it is still significantly pricier than before the recession even took place. For example in New York State, the current value of gas stands at about $3.37 per gallon. This may, in retrospect, seem modest enough compared to 2008 or 2009, but just last year that average was at about $3.10 per gallon on a national scale. This shows that inflation is still prominent. Inflation of course, is a sign that even though the recession has "improved," it hasn't really been on track to ending any time soon. Another overlaying issue that can further support this idea is the fact that private investment has gone down 18.1%. This is largely due to the recent collapse in the construction industry. Due to the recessions effects, businesses simply cannot afford industrial equipment and spending had been broken due to unavailable credit to do so. In order for the financial horizon to be visible in the nations scope, there must be an everpresent strive of effort being made by both the government and the governees to somehow stimulate the economy's healthy, much needed growth. People have become wary of spending any sort of money in fear of being laid off from work or not having money to back up the investment when the fact is that if government spending and consumer spending doesn't increase, the horizon will be fogged out even further, much like it has been since 2008.
ReplyDeleteMichael Jagiello
E-Block
387 Words
ReplyDeleteAccording to the three articles, from The Fiscal Times, Time Magazine, and The New York Times, by Bruce Bartlett, Jeannine Aversa, Floyd Norris respectively the US Economy is getting better, and economic conditions are much better than they were just a year ago. According to the statistics shown in the articles, the GDP rose .14% during Q4 of 2010. Because people are more confident in the economy than they were a year ago, there is more spending taking place. Because of this increased smooth flow of commerce, consumer based products are being sold. This serves as a sign that our once ailing economy is showing signs of revitalization. This surge in spending can also result in the same mistakes which started the recession being made again. With credit, loans, and the spending of money that doesn’t exist growing in popularity, it is possible that just a few mistakes may drown all economic progress made. The US however is actually on a high road to recovery, patching up faster from recession than other nations in the world. According to the Fiscal Times article, the Republicans are pushing for major government spending reforms for those which they deem “unnecessary”. This article also sports a very anti-Republican tone claiming that the Republicans will not be able to fulfill their promises on budget cuts, as creating cuts in spending are much more complicated than it seems. According to the chart in that article, many people who receive support from the government aren’t even aware that they are receiving support from the government. This lack of knowledge about economic processes is a dangerous thing, as it can lead to many bad decisions.
I think that the best way for the economy to run at full power is the revival of American ingenuity, the kind of innovation that allows the US to achieve a favorable, or close to favorable balance of trade. Since other countries including Japan are losing their competitive edge in exporting products, America can regain ground through operating at an efficient production capacity to export more goods. Since the US and China are economically handcuffed to each other, it is tough to get ahead. Whether this will happen or not is unpredictable, but I think that American self reliance on productivity is the best way to a healthier American economy.
According too these three articles, America's economy is finally coming together. I strongly agree with these articles because, there are many more job opportunities opening up, less lay-off's then before, less foreclosures, etc. As America's economy develops more and more each day, may more opportunities we had in the past are now opening up again. America is now on a road to recovery from the horrifying disaster we last saw occur in 2008. Because of the unemployment rate from 2008 till now, we are still holding one of the highest points since the recession began. Many families began to suffer finically and are still trying to get back to were they were before 2008. I believe that the economy will slowly begin to get out of this recession after the government cuts there spending. If the government decided too spend there money on welfare and stuff needed for the people of the united states it will make each and every family feel better and cut there spending's as well. The government will soon begin to help this economy in many ways after they help themselves.
ReplyDeleteAlexandra Ferrigno, C-BLOCK
According to the three articles, America is apparently under recover from a terrible recession that we went through recently and ended in 2009.This has been one of the longest recoveries and I believe that we have not recovered, and we under stagnation. There has been no growth in the economy and it is getting harder to live in this country more and more everyday. Prices are become to afford and I know because my family has been going through many financial problems. I have friends and other family members who are at risk of being homeless because rent has became so high and hours for income has been cut. Gas prices has went up and tolls has increased to twice the amount since I was little and could remember.
ReplyDeleteBut others feel different. Some people do feel change, State and local spending declined in the fourth quarter, and is 2.3 percent below where it was four years ago.Money runs through a whole cycle. It goes through pay then things are consumed and goes to the government and back to the needs of the people, but barriers that our economy faces are poverty, unemployment, and government spending. No mater how money is dealt with there is always a negative side. In the 2nd article it said that government spending will be cut due to budget problems. This is positive because then that means we will have more money, but we will have less such as job opportunities and even education because the government will not have the financial protection to back us up.
Many state that the U.S economy cannot recover because of the amount of government spending. This is a very risky chance of cutting back. Government spending is very important to a country because the spending is for the needs of the people and without the government, us as the common people cannot provide for everyone things such as jobs.
The economy could be better if more jobs could be given. This may seem as money loss but if everyone is working that means the "cycle" of money could run around faster. The government will have the taxes they need and people will have homes and food to eat.
Jose Valentin
D-block
The three articles all result in the same idea; the United States is in a period of recovery and the economy is rising. Although this is true, many citizens are having a difficult time believing that the recession is over. People are still feeling the weight of money problems weighing them down; therefore they are more hesitant in spending their money. I can not help but to question this too, since I can see how tight money has become. With that being said, this is a huge economic barrier. If people aren’t willing to spend their money then we will be stuck at a standstill. There is a saying that many have heard “it takes money to make money”. This saying applies here because if there is no money being spent then how will money be earned? Spending money on certain items, such as equipment and software, helped make money in the past which aids the belief in this concept of money making. Additionally, there are many angles and different aspects in deciding where the government needs to make cuts. Finding the right government program to cut is essential because if they make a wrong choice in which program to cut then the situation could end up detrimental instead of beneficial. It is understood that citizens would like the government to be spending less so they feel safer and feel as though they can spend more, but that isn’t how it will work. In order for an enhanced economic recovery, the government needs to keep spending on important aspects of society. If anymore cut backs are made then there will be higher unemployment rates and we will end up back in a recession. It takes money to make money.
ReplyDeleteJessica Mallozzi
Block A
According to these three articles the state of the economy is rising and is still recovering. This has been the longest recession since the Great Depression. I believe that the economy is slowly rising. We are taking the right step forward. We gained some economic success by consumer spending. Americans boosted their spending at a 4.4 percent pace, the most since 2006. Economists are hoping that consumers could feel more comfortable again so that we are able to boost the economy. Business spending and sales of U.S. exports to foreign buyers was another major force that has helped the economy rise. A huge barrier that the economy faces is the rate of unemployment. If people don’t have jobs then they are not able to buy products which is a huge loss to the economy. Consumer spending adds up to be about 70% of overall economic activity. Consumer spending plays a huge part in economic success and is needed to help the economy flourish. The solution to cut government spending is more complicated than people think. Government spending is an essential part to the growth of the economy. Because of the recession we are in the government needs to spend more money. Spending cuts would affect millions of people. Low-income students may get smaller grants and the newly disabled might have to wait longer for their benefits. Many important programs will shutdown. For economic recovery we need to continue to spend money. To flourish we need to spend money.
ReplyDeleteD-Block
Justin Castro
Based on these three articles, the United States' economy is improving since the recession the past few years. Statistics show that the GDP rose .14 percent during the fourth quarter of 2010, making it about $13.383 trillion. There are more jobs and consumer spending, which helps the economy with businesses yet increases the number of budget cuts. I think the cutting of government spending as the greatest barrier to economic recovery because the people are getting too comfortable with money, and relies on it to live. Some people also think they don't need to work for a living or go to school because they are given all these things such as social security. "..economists are hopeful that consumers can once again be counted on to power the economy, especially as other bracing forces like government stimulus fade." They cut the spending in the citizens money, and they will have to face the consequences, which doesn't help the economy at all. I don't think we should cut all government spending, and have people accountable for their own money, that way people can afford jobs and homes.
ReplyDeleteDanielle Ianazzi
D block
1)Based on the articles, the current state of the economy is on the right track with the GDP growing 0.14% since before the recession began in 2007. The economy is rising thanks to an increase in spending from the consumer people as well as more products are being purchased overseas. Even though the recession has ended in 2009, many Americans say that it still feels like were in a recession, or don’t even know we’re out of one because nothing has changed much until this year when people slowly began spending more during the Holiday season as well as spending in general. Although this is the slowest recovery since the Great Depression, economists have faith in the people for it is their money that is boosting the economy. With more people spending, we can see a big payoff in the near future.
ReplyDelete2&4) The greatest barriers to economic recovery in America would have to be spending on a budget. Many Americans feel that because their money is helping the economy, they should spend a lot of money, get a surplus of goods for themselves and everybody is happy, right? Unfortunately it is not that easy. If the people get too ahead of themselves they can bury each other in large amounts of debt which can take a toll on their lives when wanting to get a mortgage on the house or getting a new car because their old one broke down. For enhanced economic recovery over the next two years in America, people should spend on a budget and set aside a certain amount of “emergency money” so that if they were to buy a house, they could be able to pay for re-wiring if needed to prevent electrical fires or if a family member got seriously injured. With money set aside, the people can spend and boost the economy slowly and keep themselves out of debt. As for the government, they need to stop creating cuts in departments that they don’t have enough knowledge about and as consumers we need to stop encouraging this because we may well be relying on these agencies for monetary support.
3)The solution to cut spending is more complicated than people believe because there are no government programs worthy of cutting. The vast bulk of government spending, which goes to mandatory programs such as Social Security and Medicare, is completely exempted and Republicans have effectively exempted the departments of Defense, Homeland Security and Veterans Affairs from cuts. This leaves only 16 percent of the budget from which they will extract to satisfy voters who demand huge budget cuts but also oppose cutting just about any program except foreign aid. But the fact is that millions of Americans benefit from government programs without realizing it. No doubt, many of these people will very quickly find out who they are as soon as lobbyists start fighting the proposed cuts. We are already seeing some Tea Party favorites backtracking on their budget-cutting promises. For example, Rep. Michele Bachmann has promised to cut veterans benefits by $4.5 billion. But when veterans complained, she quickly took those cuts off the table. If the people show they are discontent with what the government is doing and show public distaste towards it, we may see an easy change to that. Americans need to voice their opinions now more than ever.
Paulina Plata
E-Block
Based on the articles, the US economy is rising out of its recession that began in 2007. Evidence of such a thing resides in the first of the three articles. Apparantly, the GDP of the United States in 2010 has increased to 13.383 trillion, a higher amount then in 2007, before the recession. One of the biggest issues I can see is excessive government budget cuts. As article 3 suggests, a large cut in spending at this point in the fiscal year would call for a heavy cut from a small base. People, mainly republicans, who remain ignorant of the effects of such cuts are definatly an issue our country will have to tackle. There are some people that say that government spending is , crippling, even preventing, our recovery. These people have a valid point, however government spending may stimulate the economy just as easily as harm it. For example, a decrease in social security taxes may increase consumers willingness to spend money. All in all, many Americans recieve benefit from government programs without even realizing it, and cuts in spending would rob americans of their benifits, making them less comfortable spending and thus, hurting the economy. My suggestion to remedy this chain reaction from possibly occuring is to limit the amount of cuts the government is allowed to make. At least so that Americans can still benefit from government programs.
ReplyDeleteTravis Knight
D Block
The recent recession has had a great impact on Americans around the nation. Despite the social class, the effects were not only visible, but also tremendous. Being the worst economic decline in 60 years, the 2009 fiscal year rode us deep into the recession at a rapid speed. Now, 12 quarters later, the economy seems to be rising. By the end of 2010, consumer spending rose to 4.4 percent and foreign exporting grew to 10 percent. Although the government spending which helped this progression is supposed to be cut drastically, economists believe that the economy will continue to recover since it is already on the right path. The Republicans are continuing to push these budget cuts which can be a barrier in the recovery but they seem to back off once the people who will be losing money complain causing questions to arise on whether or not they will be effective. The government spending has helped a great deal but it is hard to tell if continuing to spend will actually help the economy or if it is not going to the right investments. Either way, Americans are beginning to gain confidence again and even though private investments are still down by 18.1 percent, building and construction is beginning to occur once again. Also, people have begun spending on cars, appliances and furniture helping to improve the economy. In the end, the people need to continue to believe in the economy and spend where they can to get the money moving.
ReplyDeleteCaileen Gonzalez C-Block
Michelle Naidoo D Block
ReplyDeleteAccording to these three articles, the current state of the U.S. economy is doing very well since the recession started in 2007. The economy mostly gained strength from the amount of consumer spreading and also the amount of product U.S. companies sold overseas. Majority of people in the U.S. spend money on mostly furnishings, appliances, cars and clothes. It is important that people are spending a lot money because it counts as almost 70% of economic activity. The economy is definitely on a rise and is no more in a period of stagnation. Even though the 2007-2009 recessions took long to grow than the recession in the Great Depression, the economy grew drastically from when the recession started in 2007. In the year of 2010, the economy grew 3.2% in the October-December quarter and 2.6% in the previous quarter.
The greatest barriers that helped recover the U.S. economy is mostly consumer spending, U.S. exports to foreign countries, and business spending. The amount of consumer spending that took place through 2007- 2010 helped the economy take a big step to recovery because the economy mostly relies on the money from GDP to help the money cycle flow. The amount of U.S. exports to foreign countries also helped the economy recover by increasing 10% from the 5.8% in the July-September quarter. Businesses started to spend money on equipment, software, home building, and commercial construction in the October-December quarter which also helped in the recovery of the recession.
Although government spending on non-defense projects helped the economy grow, there was a 0.6% decline in the October-December quarter which resulted in budget cuts in federal spending. The solution to cut spending is more complicated than many believe because the government is mostly spending money on Medicare and Social Security, which is needed by all U.S. citizens. The government has a separate fund that contains savings of money if businesses need money, which is an improvement since their decline in 2010.
My proposal to enhance the recovery of our economy is to continue spending as much money to keep the money cycle flowing in the economy. Consumer spending and business spending would be a huge way to keep the economy rising. Export sales of U.S. product should increase by shipping out more U.S. products to foreign countries and also cuts in taxes, higher stock prices and raises in people’s wages. These improvements should help people put more trust in the economy and help them feel more comfortable spending their money because consumer spending is a huge role in the healing of the economy.
This comment has been removed by the author.
ReplyDeleteafter reading the articles the united states is recovering from the recession we were in since 2007. the GDP is higher then in 2007. in article 3 the governments spending is a concern of the american people, seeing that there where many budget cuts and people going on unemployment. the price of money has went down and prices for everyday consumer goods have went up.
ReplyDeletemy proposal for helping the economy is for the government to keep spending money so the money is circulated through the economy. also to create more jobs to help the middle class get back on there feet.
ashley miller
d-block
According to the three articles, the current state of the economy is much better than it was. The economy was able to grow this much due to consumer spending and strong sales of U.S. exports. The economy is on the rise again but I’m not convinced. In my opinion the Obama administration and their massive amount of spending is our biggest obstacle. At this rate of spending we will never be able to pay off our nation’s debt. This crazy spending will cause inflation and severely devaluate the American dollar. If china stops buying our debt we could be in serious trouble therefore it is imperative we cut spending. The solution to cut spending is harder than people believe because it would seriously hurt many social programs such as public assistance and cause layoffs. The truth is cutting spending will hurt but its something that really needs to be done to save our economy. My economic plan would be to limit the governments power by cutting down on regulation. We need to adapt to more of a free market again and let the wealth of the people create businesses and jobs for us. There is so much talk on what the government should do about the economy, but should they have their hand in it as much as they do? In my opinion this country should be more run by the people than the government.
ReplyDeleteJames Guardino
According to Article A, in 2010 the economy has risen to an annual pace of $13.383 trillion which is 0.14% higher than the pace in 2007 which was the peak of the recession we are living in. Unemployment is a very large issue because it is higher than it has ever been. Since unemployment is very high, it is harder for individuals to get jobs. Especially young adults going into college and if the economy turns around and fails to rise even adults graduating college in four years will have a very hard time finding a job. People are also getting laid off because companies don't have enough money to pay they're workers. Article A states that, "This is the slowest recovery since the Great Depression." Which I agree with. We're living during a time of incredible technology that is only getting better. Larger work fields should be opening up but they aren't. People should invest their money wisely even through a great time in our economy but people haven't done so. I feel that there could be so many ways to aid this economy through this recession but we've ran out of ideas. This is why the rise of the recession in our economy is slow. Article B states that the beginning of 2011 is looking up. Companies sold more overseas and citizens have been starting to spend more. Article B also states that consumer spending is the key to a rise in our economy. Many state the reason why the US' economy cannot recover is because of the amount the government is spending. The solution for the government to cut spending is complicated because if the government cuts in spending, the economy will have budget issues. Meanwhile the whole cause of the recession is money. If our own government has budgeting issues, we will go more into debt which we cannot afford to handle right now and the economy will decline. As well as, the government is trying to not spend... money that had already been spent. The government must cut heavily from small spending to make a meaningful achievement. There are many things that should be done to gain rapid economic recovery. I don't seem to understand why troops are still in Iraq. If our president said troops were being removed, no soldiers should be there period. This war has made the US lose so much money and all for troops slowly, very slowly being removed. I also feel that many more new jobs should be created. New technology is arising, many more people have new ideas and so more jobs should be created. People also need to think wisely as well. Pay off credit cards, don't spend money you do not have and invest.
ReplyDeleteSeychelle Cordero
C Block
1. After reading article A, I've concluded that the US economy is on a rise and will continue to be. The GDP is growing 0.14% since the recession took place in 2007. An end had been put to the recession in 2009 and the economy is undergoing a drastic recovery. Even though this is the slowest recovery since the Great Depression, the recovery is still drastic due to consumer spending and sales overseas. With people spending their money, the economy will see changes and continue to grow. In my eyes, our economy is recovering well and it is most definitely on a rise.
ReplyDelete2. Even though consumer spending is great for the recovery of the economy, it isn't always easy for the people to do. This is definitely the greatest barrier to overcome. Many people do not have the money to spend but spend it anyway. The middle-class cannot spend as much as the upper class but may do it anyway resulting in debt. The economy should not just rely on the people but most of the nation is not made up of the wealthy.
3. Cutting spending is more complicated than people believe because everything the government is spending money on is sufficient to its nation. The government spends money on things that the nation needs like war supplies, financial air, welfare etc. If we were to cut spending, not only would it be helping the economy but it would be troubling the people of this nation and making things harder on them.
4. To help the economy we should continue to spend money to help recover it. By spending money we are helping the economy grow stronger and rebuild itself like it once used to be.
The economy is currently rising. There have been about 74 billion budget cuts for 2011 that has started in 2010. Businesses are spending 16.6 percent less for industrial equipment. The government spending is up 5.3 percent. Personal consumption expenditures are up by 1 percent. The personal consumption is actually good for the economy. It helped the economy grow along with higher stock prices wage gains and trade with other countries. The biggest barrier that will prevent economic growth in the United States society is government spending. In the fourth quarter of the 2010 the government dipped .6 percent due to cuts in government defense. Since the government cut spending there was a decrease in growth even if the government spends more money on non-defense projects. If the government continues to do this the economy cannot grow. In the one of the articles it talks about cutting programs. If they cut programs this will have a big negative effect on the United States. Poverty will affect more Americans if they cut programs. “A cut in workers' Social Security taxes, higher stock prices and wage gains from a slowly healing jobs market should make people feel better about spending, economists say” People could be out of work from all the cut programs. We may need to increase government spending to help out the economy.
ReplyDeleteThe recent recession that we are still recovering from is taking longer to recover from than the recession of 1973-75. One of the major factors is that unemployment is still very high. And although consumers are purchasing more than last year, the housing market is still in the midst of recovery. The slump in the housing market has also effected those that provide building supplies, and builders. The economy is recovering slightly but not as fast as many would want it to. Government spending can cause a barrier in recovering the U.S. economy. Although the government spending helped the economy grow throughout 2010, in the fourth quarter it dipped 6% because of the cuts in government defense. The price of oil may also cause a barrier in our economic growth because if oil prices increase, the sale of oil might decrease. Many say that the economy cannot recover because the government is spending too much money, but cutting spending is more complicated than many people believe. In the fourth quarter of 2010, if the government reduces spending the economic growth will decrease. Democracts are at odds with the Republicans and they are afraid this these cuts will back fire. Someone of some program will have to suffer. If our economy was to continue improving within the next two years one of the first things that would have to improve is the unemployment rate. If the unemployment rate were to improve and the housing market continue to recover this would be the beginning of possible recovery. Also once the housing market recovers it would trickle down to businesses and so on and so forth. Hopefully all these factors will work together in order to see positive growth in the near future.
ReplyDeleteE Block
1. All three articles leave you with the same result, the economy is definitely rising. We are doing better then expected. There are billions of dollars worth in budget cuts going on. Businesses are spending 16.6% less in industrial equipment as well which is a huge change. This has been the slowest recovery of recession since the great depression, but over-all it's looking very good.
ReplyDelete2. If people actually SPEND money, that money makes it's way around & little by little really does help the economy. By people saving up what they have, stores, businesses & companies are not making any money, which causes an even BIGGER problem.
3. By cutting what the government is spending, can actually effect us in ways. The government is spending money on necessities and things that us citizens need. If the government cuts out money from their budget, we could loose a lot of privileges and things that really do help us.
4. I think the government should invest money into providing the unemployed with jobs. All that money that is being spent on unemployment, if they just put it to creating jobs for the unemployed, people will actually be working for their money. If people have their own money (not just unemployment money) money will circulate and save us from another recession.
CHELSEA CRUZ
A-BLOCK
In my opinion, the current state of the United States economy is doing a lot better than it was when we first entered the recession. Although the economy has not had a major increase, it at least had an increase. According to the first article it is the slowest recovery since the Great Depression. It is a long process and it will not be easy to get ourselves out of this situation but it will happen eventually.
ReplyDeleteThe greatest barriers to economic recovery in my opinion have to be the amount of money that the government is spending. Statistics shown in the first article make it evident to us that government spending has been the biggest increase compared to Personal consumption, and Private investment. This can actually be a positive aspect and can possibly help to build the economy but it seems as if the government is spending it on things that aren’t helping the economy.
It is so hard for the government to cut the amount of money they are spending because they have already invested so much money into things they spent it on it would be a complete waste of money to just stop. It’s like when someone gets accustomed to living and spending money a certain way it gets hard for them to stop.
I think the first step in economic recovery is to definitely limit the amount of money that is spent, and when we do spend make sure that we are spending on something that will make us gain for the future.
From reading these three articles, the current state of the U.S. economy is doing very well since the recession started in 2007. Most Americans spend money on cars, clothes,applications,and electronics. Although we had not made a huge increase from 2007, we are working our way up there and getting better year by year. One of the downsides is that unemployment is still very high and its more common for both parents to work and support the family. More and more teenagers are looking for jobs and having no luck at all.
ReplyDeleteWhat the government can do is cut unecassary spending. This will lead to more unemplyment but will help financially with the government overall.
Amanda Casale
D Block
According to the three articles, the United States economy is heading in the right direction as far as the topic of recession. Norris relates the nations GDP increase of 0.14% which occurred in the fourth quartiles of 2010 to the GDP back in 2007 before the recession. Norris’ enthusiasm expressed through his article is a bit exaggerated. The economy is recovering from this recession, but not as quickly as Norris is trying to portray. The percentage of unemployment has not yet decreased enough. The Republicans are also cutting the budget quickly which isn’t really helping anyone. In my opinion, this just looks as if the economy has not yet improved whatsoever because budget cuts and unemployment are two of the major issues which are taking place because of the recession. Bartlett mentions in his article how the country relies on government spending. Now if Republicans are looking to cut that spending, how is the recession supposed to move forward quicker with less money? A question which I assume only time can answer. Therefore, student loans and social security funds will be limited. This is only going to make my generation’s lives more difficult because we cannot move forward if we cannot borrow money like all the past generations were offered! Nevertheless, the recession is improving, but not at an appropriate pace. There should be less budget cuts and political leaders should NOT be double dipping by collecting their pensions before they have retired. That’s just another way to slow down the recession especially because there are so many unemployed people…
ReplyDelete1)based on these articales, our economy has been getting better and the receccion has ended. theGDP had had a slight increace. thogh these are small changes, they ar changes that the american citzens need right now.
ReplyDelete2) i think one of the biggest aspect that is keeping us from furthering our recovery is all the military spending that has been going on, though it is quite understandable. our money should be spent our programs in the country
3) as far as how we should spend the money,education and medical insurace have takenan increilous dive since the recession. many cuts have been made in these two industries and they can be a large asset.
Henna Tariq
E-Block
In these three articles, they tell us that the economy is rising. The economy is rising because of an increase in spending. Even though the economy is rising, it is rising slowly. In the fourth quarter of 2010,our nation’s GDP increased by 0.14%. It may seem like we are recovering, but some people we are not recovering as fast as these articles say. Many people in the United States still do not have jobs and are having trouble looking for one and getting job interviews. Also, with Republicans cutting back on the budget, that does not help us out at all. This is not going to help students who are going to college, and people are going to have to pay MORE money out of their pocket when really we should be SAVING money.
ReplyDelete2) Many people do not wish to spend all the money they make, because with the recession going on, they want to save money. People in the middle class don't have the money to spend, like people who live in the upper class. More spending equales more debt.
3) Cutting spending is more difficult than you think. The government is spending our money for supplies that the United States needs. We really need this money, and if the government cuts it, we could lose many things that we already have. We do not need to be making this sistuation worse.
4) The government should be helping the unemployed get jobs. This is where they should invest their money in. Many people would be greatful if they were able to get any type of job that would give them some cash if they have been looking for a long time. Once the unemployed have jobs, this recession would turn around for the best and probably end in a good way.
Amanda Aasen , C Block
Based on these articles, our current economy is it a state of repair and is progressing faster and better than ever. According to the first article, "The American Economy: Bigger Than Ever", the American economy grew to an annual pace of over $13 Billion which is a .14% increase from 2007. I do agree that the economy is getting better, however I disagree that this repair is happening fast. We are slowly coming out of the recession, despite what these articles state. The solution to cut spending is more complicated than many believe because the government does not know quite where to cut spending exactly. The biggest bulk of government spending, according to the article "GOP Cuts Budget with an Axe Instead of a Scalpel", is on mandatory programs such as Social Security and Medicare. If they were to cut from smaller programs, the ammount the government would receive still would not alleviate our nations debt. So where do they cut? Over the next two years, I propose that our government invest in education programs more than all other programs - exclluding Social Security, health insurance, and medicare. This would be most beneficial overtime because the government would be investing in our future, thus resulting in more competition among jobs eventually, strengthening industries. The economic change would not be obvious right away, however it would be most beneficial in my opinion. I also propose that our government still cut back on smaller programs. Although it won't completely alleviate our nations debt, it may put a dent in it. Some money is better than no money.
ReplyDeleteSamantha Furman
A Blcok