Pros And Cons Of Government Spending

Evaluate the case for cutting public expenditure rather than raising taxes as a means of reducing fiscal deficits.

Government spending in the United States needs to change and it needs to change soon. As mentioned earlier, in 2012 nearly a third of governments budget

Every year, Congress proposes a ton of amendments. Some are reasonable, and some of them are just crazy. The rate of proposed amendments throughout the 1990s is absurd. This roller coaster of a rate went all the way up from 214 in 1990 to only 60 proposes amendments in 1999. So far in the beginning of the 21st century, the country stays steady in the proposing department at around the 70-80 rang according to senate.gov. Needless to say, in 1789, the people proposed 10,431 amendments. But, of course, these insane numbers doesn’t necessary mean anything if they are not passed.

The government needs to take more caution creating the federal budget. Edwards stated that “Consider Canada's experience. In the mid-1990s, the federal government faced a debt crisis caused by overspending, which is similar to America's current situation. But the Canadian government reversed course and slashed spending from 23 percent of GDP in 1993, to 17 percent by 2000, to just 15 percent today. The Canadian economy did not sink into a recession from the cuts as Keynesians would have expected but instead grew strongly during the 1990s and 2000s."

This amendment guarantees that our nation will have an army, our government will build our roads, enforce our laws and carry through with other important duties, all through federal taxation.

Change comes whether we like it or not and amendments are set in place to govern what the founding fathers had not thought was an issue at the time our Constitution was written. Amendments are the process of formally altering or adding to a document. The Constitution restricts what our government is able to do but sometimes new rights and laws need to be made. This allows for our Constitution to fill our needs in the present time as new problems arise. Laws and rules in the amendments are made to form to the citizens for our benefit. If an amendment is proposed it would go to the House of Representatives and the Senate who would vote to add it or not. If they believed it would improve our Constitution then it would be added. Sometimes though they are repealed because they no longer benefit the

The Constitution is the cornerstone of America. It has lasted longer than any republican government on Earth. The constitution has lasted far longer than the framers of the constitution had expected. The constitution should not be changed because it is fundamentally sound and applicable to today’s society. That is not to say that there isn’t some changes warranted, but the changes to the constitution are allowed and the process to make these changes via amendment are spelled out within the constitution itself. Currently there are have been approximately 11,000 proposals within congress to amend the Constitution since 1789 of those thirty three have been passed. (Senate.gov)

The United States Constitution is a document that has been able to withstand over two hundred years of use because of its elasticity. For something to be elastic it needs to be able change and adapt. This ability created a government that has survived for more than two centuries. The amendment process has allowed The Constitution to stay in place because the document is difficult to alter. The strictness of the amendment process insures a flexible government because it prevents any amendments that are not imperative to the well being of the nation from being passed. The Supreme Court’s ability to interpret The Constitution has allowed for The Constitution to last longer because it reflects the views of the citizens. Having a document that is hard to change, but not impossible to change protects the constitution from being altered constantly over and the government from being changed drastically. The

The United States of America is responsible for transcending the way government functions. The idea that people have certain inalienable rights that are God given was revolutionary thinking for the era of the founding fathers. There have been many instances throughout American history where we have failed to live up to the founding principles from the Declaration of Independence, of: life, liberty, and the pursuit of happiness— for all our citizens— but we have also had many moments of inspiration in being trailblazers for freedom when we have lived up to those principles. The founding fathers themselves were flawed as all people are, but it is their system of checks and balances that has been instrumental in deterring any of the three branches government from growing too powerful. They understood that men/women with an unchecked amount of power is dangerous to humanity. Also, they realized that they themselves could not adequately anticipate all events or obstacles in the nations future, and thus, they must have a clause deemed legally capable for change to antiquated portions of the constitution in the form of amendments. There have been over 10,000 proposed amendments to the constitution but only 27 ratified. This leads me to wonder " What are some proposed amendments that I might support?" and, " What are some amendments that I would propose?"

Informative post, I did not know that Oregon was and still is the only state that passed a bill that mandated that private insurers pay NPs in independent practice the same rates they pay physicians for the same services. I would say more states should be following suit if this state can as you pointed out, can maintain spending on Medicare. For their fiscal year of 2015 Oregon’s total Medicare spending was 8,066,724,366. For my state of Nevada, which also has full practice authority it was 2,127,537,716 (Kaiser Family Foundation, 2015). This is a difference of $5,939,186,650! I wonder how much of this could be attributable to NPs being paid at the same rate as physicians.

Hello, Caitlyn. I personally believe a balanced budget amendment would be in order considering politicians refuse to stop the spending. The reason I would call for a balanced budget amendment is because of Greece. After seeing the mess Greece is in, along with a myriad of many other European countries, I believe national debt is not manageable because the government will continue to spend more than they take in taxes. The Grecian government refused to reform their entitlement programs, so they went into default. The U.S. needs to reform our spending before we head down the same path of self-destruction.

The federal budget is known as the infamous monetary tank from which money is distributed to various programs. Why does the federal budget plan cause such uproar of approval or disapproval when it is proposed by the President every February? The money utilized every fiscal year, which runs from October 1st of each year until the end of September of the following year, belongs to the people. The money is raised through income taxes, excise taxes (taxes on goods) and social insurance payroll taxes. Presently, the public is worried about how they will receive a fair share of money appropriations in such a slow economy. The federal deficit has returned, which means that the government’s spending

When a government’s spending exceeds its revenues causing or deepening a deficit it is called deficit spending. Deficit spending is only one of numerous tools used to help manage the economy. Deficit spending is presumed to stimulate consumer demand by helping the consumer to obtain more money to spend, in turn, the demand of product will rise. There are advantages and disadvantages to deficit spending that we will discuss further below.

The future is uncertain, as such conventional wisdom dictates that governments must intervene in the economy to help enhance growth and ensure stability. However, is too much intervention a bad thing? There are many reasons why it is so but one such reason is that in an economy where there is excessive government intervention and ownership such as in the Soviet Union, there was a lack of risk and subsequently lack of innovation as rather than satisfying customers the concern of a producer in the system was to satisfy the state. The lack of a reward for working harder, due to all businesses being owned by the state reduces incentive to produce or innovate and this leads to inefficient outcomes in an economy. This is a contrast to a capitalist society where innovation and hard work can lead to personnel gain in the form of money. Price ceiling and price floors are price control mechanisms that are used to, respectively set a maximum price, and a minimum price. One such problem as a result of implementing these is that they will artificially cause a shortage or surplus, respectively, of the good or service due to affecting supply and demand. This prevents the good/services to be at the equilibrium price, which is where economic outcomes would be most efficient. So should governments intervene? Regardless of the aforementioned downsides this has always been a topic of debate between Keynesian economists and classical economists, but a widely accepted consensus is that some level

Deficit spending is when purchases exceed income. It is usually attributed to government spending within an economy. Although it can happen to both individual and business, when government spends more and not able to balance the budget, we say it is deficit spending. Deficit spending is created each fiscal year by congress and government because the spending by government causes the growth of the economy. For example, in the United State deficit spending is mainly caused by social, security, and medical cost. Government spends most of its revenue in each fiscal year into this payment. According to Kimberly Amadeo(2017) he said “ most people don’t realize that wars create more deficit spending than the create recession. The war in Afghanistan cost $28.7 billion in 2001.The war in Iraq for deployed military costs $72.5 billion by 2003. In 2008, the total cost grew to $186.6 billion.