Pros And Cons Of Government Spending

Since the founding of the United States of America, the American people have been apprehensive of a powerful central government. The country’s first federal government, under the Articles of Confederation, succumbed to this notion, allocating the central government very restricted authority. Under the Articles, the federal government possessed no claim of taxation, no ability to regulate currency, finite military power, and no system to regulate trade. These restrictions prompted the founding fathers to establish a new government, which has remained the basis of the country’s political system since its ratification in 1787. Over the next two centuries, however, the nation has deemed it imperative to amend the constitution. These amendments

The federal budget is an annual plan created by the president of the United States that sets a certain amount of money to fund different federal expenses such as national defense, transportation, and income security, in fact; the federal expenses are divided into two categories, mandatory and discretionary spending. Mandatory spending is any expenditure that is required by legislation in which Medicare and Social Security are the main funded programs. In addition, discretionary spending is spending not mandatory but decided by congress based on appropriations in which it funds education, agriculture,and administration of justice, just to name a few. The federal budget is created using the constitution’s preamble as a guideline in order for

Hundreds of New Jersey's movers and shakers are currently headed to Washington aboard an Amtrak train — but for the first time in six years, Gov. Chris Christie won't be there to meet them when they arrive.

For a very long time there's been the debate over government assistance in america, admittedly there are plenty of pros and cons on either side of the argument, in this case I believe that the pros outweigh the cons. America should introduce a universal basic income as a replacement for all other government assistance in an effort to reduce government bureaucracy, improve standard of living, reduce the wealth gap, contribute to better working conditions and create social capital.

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.

Nearly the late year of 1787, the U.S. Constitution was established, stating the basal laws and fundamental principles that the United States would be governed by. Many philosophers and political thinkers furnished a great comprehension for the modern day structures that are very active today. Our Founding Fathers created a system which divides different acts of government into the legislature, executive, and judicial branches. Following in the form of the Separation of Powers, the checks and balances system ensures that political power isn’t contributing to any individual or group that enables them to gain an abundant amount of power. For the instance of this, “the Constitution provides a method for change, as the Founders created it this

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?"

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.

From the moment they become old enough to be aware that money is limited, young people today are taught to avoid getting into debt. Horror stories of payment defaults, exorbitant interest rates, and ruined credit are passed from generation to generation, and along with it, sentiments of disgust and panic toward the large and seemingly never-decreasing number that is the national debt of the United States of America. Yet, it cannot be said that all debt is bad; student loans taken as an investment in the future, or a mortgage on a house -- there are plenty of examples of how deficit spending can be a valuable practice, and the first Secretary of the Treasury was a strong proponent of that view when it came to government spending.

The distribution of federal government spending is interesting and questionable, “In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It's also about $12,000 for every woman, man and child in the United States.” (@natpriorities). The question remains, where does all the money go?

If the federal government ceased to exist tomorrow then at first it would be chaos. Nobody would know if the American debt would be honored and if so then by whom (who would want to take on 17 trillion dollars in debt?). Also federally funded social services (Medicare, Medicaid, Social Security, etc.) would stop because without any federal taxes there would be no way for people to pay for them. Also the three million people employed by the federal government would be put out of work, along with the roughly two million people in the armed services, unemployment on that scale would severely affect the American economy. In the mid-game scenario banks and other corporations would step in to take power because they are already in position to

The underlying truth of deficit spending is the same whether it is used in finance, economics or government that the more is spent, the less income is made (Buzzle, 2014). Many economists argue that deficit spending will hinder economic growth while others disagree. Deficit spending has been the topic of debate for a very long time. Deficit spending is “when government's expenditures exceed its revenues, causing or deepening a deficit. This excess spending needs to be financed through borrowing, likely from foreign governments. The increased government spending can help stimulate the economy as more money flows in, but the jump in borrowing can have an adverse effect of raising interest rates” (Investopedia, 2013). In simpler terms, deficit spending is when a governing body of a nation needs to borrow money from other nations due to the nation being in a recession. Governments borrowed against future revenues so that they are able to finance domestic welfare spending before the twentieth

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.