Stimulus Package the Advantages and Disadvantages

People generally enjoy working and being productive members of society. The positive effects of the Welfare Reform Act is moving to eventually end poverty in America and promote economic growth. According to the 2005 report measuring welfare dependents “Poverty in 2003 remains much lower than in 1996, the year of passage of the Personal Responsibility and Work Opportunity Reconciliation Act. The official poverty rate for 2003 was 12.5 percent, compared to 13.7 percent in 1996.” ( Gil Crouse, Susan Hauan, Julia Isaacs, Kendall Swenson and Lisa Trivits, 2005 ) States that design welfare-to-work policies that emphasized getting recipients into jobs by shifting to “work-first” welfare systems can modify program rules to allow more earned income,

On November 4, 2008, candidate Barack Obama was elected for the first term of his presidency. The following February, The American Recovery and Reinvestment Act of 2009—or the ARRA—was signed into effect by congress, and made into law by President Obama on February 17, 2009. This stimulus package was originally proposed to be 816 billion dollars, but was eventually raised to be 840 billion dollars in 2012. The purpose of this bill was to inspire confidence in the American people that the economy would be up and running again. The ARRA was intended to give money back to small businesses as well as the American families who ran and worked at these businesses. This varies from TARP, or the Troubled Asset Recovery Program, which was a bill that was aimed at bailing out banks in October 2008. TARP worked to allow banks in danger to participate in reverse auction, in order to sell their assets.

The Small-Business bill was created to help out small businesses. The bill includes tax-breaks and a thirty billion dollar small-business lending fund. Congress is hoping that this will create more job openings because the businesses must hire a certain amount of people off the unemployment line. This will insure the percentage of people that are unemployed to decrease. The bill would raise new-business expense deductions from

The Affordable Care Act that is commonly known as the Obamacare can be explained as healthcare declaration that was enacted by the Federal government on 23rd March 2010. The main objective of the Act was to reform the US health systems by offering and bettering access to quality and affordable health care, health insurance, and by offering American citizens with more rights and safeguards by minimizing healthcare expenses for both the government as well as the American residents. Moreover, it can also be pointed out that the Act also aimed extending private and public insurance coverage while also regulating the insurance sector. Nevertheless, since enactment of the Act, the Act has been heaving criticized by some quarters to the extent that some political leaders in the USA have expressed their views on repealing the Act (Everett and Dawsey, 2017). Nevertheless, it can also be pointed out that there are those who strongly support the Act and give different reasons to explain the reasons why they are in support of the Act. This essay focuses on the topic of Obamacare and discusses in detail the reasons why the Act should be ammended.

Controversy always surrounds change. Healthcare is this kind of controversial topic where people refuse to accept changes, even though changes must be made. Obamacare details many changes, how they will be made, and whom they will affect. As with any bill, there are pros and cons that exist as the bill helps many, but makes some a little worse off. Taking into account the pros that include the minimum benefits package and expansion of Medicare coverage as well as the cons that include rising costs to government and a shortage of doctors, I would vote against the bill.

In Chapter four of "Ten Letters", there is a letter to President Obama written by Natoma Canfield, a woman whose health insurance became increasingly unaffordable after she survived cancer. After receiving Natoma's letter, Obama often carried it with him as he spoke of the need to reform healthcare to make it more affordable to those who needed it the most and to expand coverage to those who could not get it. "The Affordable Care Act," which came to be called Obamacare in the news media, passed through both houses of congress without a single Republican vote in favor and was signed into law by President Obama in March 2010.

Obamacare, by definition, is a US healthcare reform law that expands and improves access to care and curbs spending through regulations and taxes, but is this accurate? There are many opinions on whether the United States as a whole is benefiting from the healthcare reform, or if the citizens are worse off because of the new laws. The only positive many people, including myself, see coming from Obamacare is the increase in the number of insured individuals throughout the country. On the other hand, Obamacare did not address issues such as asymmetric information, adverse selection, and market failure. So, why should we keep Obamacare and is there better options for the health of our country?

The objective of the American Recovery and Reinvestment act, also known as the “stimulus” was to end the recession that had occurred in 2008. The recession had a major impact on the U.S job market. The United States congress approved the act which consisted of an investment of 787 billion dollars in order to encourage customer spending and also to save old jobs and create new ones.

During the Second-Presidential Debate on Sunday, October 9th, Donald Trump stated that he intends to abolish Obamacare, the Affordable Care Plan, as it was a complete disaster and a fraud. Trump discussed his plan to replace this health care plan with a far more affordable plan. Rather than spend the time to alter this plan as Clinton had proposed, fixing the issues that exist within it and do away with this parts alone while fixing the rest of the Affordable Care Plan and keeping this plan in place, Trump intends to enforce a drastically new plan. This policy plan consists of ultimately allowing insurance companies to compete, and this would allow as Trump mentioned in the debate the insurance companies to essentially have monopolies.

At the moment, it is sad to say the health-care fight in the US is over. The Senate bill replacing the 44th presidents Affordable Care Act has unfortunately after two more Republican senators ended their support. that left a ruling party that doesn't have a majority. to top it off the Senate majority leader Mitch McConnell is threating to repeal Obamacare entirely. with a couple years delay so his party can settle a new bill, even though several Republicans oppose that too.

The ARRA was believed to be the most belligerent and continuing recession the economy was facing at the beginning of 2009. “Obama's $787 billion stimulus package is a consortium of thousands of federal tax reductions, and expenditures on infrastructure, education, health care, energy and other projects.” (White, 2015) This incentive was to get the U.S. economy out of recession and was going to do this by creating approximately 2 million new jobs. 13 million dollars of that money went to beneficiaries of Social Security, Supplemental Security Income, and Veterans.

Illich, a non-conformist social critic of the institutionalization and bureaucratization of various areas of life previously regarded as personal, believed that the medical institution was intended to produce good but has instead damaged our humanness with several negative consequences. In his argument against the increasingly prominent heteronomous mode of production in the medical realm, he speaks of counterproductivity to criticize the heteronomous (the external aids) paralyzing the autonomous (us, the people) and our ability to do anything for ourselves. He argues that beyond a critical threshold, there are tipping points that produce the opposite of what they were intended to produce lead to terrible results.

I enjoyed reading your discussion about the Obamacare Health reform pros and cons. I was not sure about whether you chose Empirical or Anecdotal scientific evidence. However, after reading your position I would gather that you were leaning more toward the Empirical Scientific evidence because of your statistical reports and the comment you made about the lacking benefits for the middle-class individual. I can agree that Obamacare was not perfect and that it was evident through the complaints that there were certain areas, within the health reform policy that could have been revised better. However, I do not find much fault we the newly device policy, because rather than the Republicans deciding to repeal it existence. I can see

Fiscal policy: Given the breadth and depth of this recession, it was clear that the Treasury and the entire Obama administration had to take bold actions. In fact, right at the beginning, they were committed to a fiscal stimulus policy package which would be “substantial” enough to pull the economy out of the recession. The final stimulus package signed into law in 2009, the American Recovery and Reinvestment Act, was totaled $787 billion including about one-third tax cuts and one-third aid for states and the unemployed. Of the rest, labor health and education investment got 8%, and infrastructure investment got about 7%. It also included a large amount of government money to

Observers of failed economic stimulus packages have developed a fear that these large sums of funding will be mismanaged and therefore will not be able to stimulate the economy (“History of Government Spending,” n.d.).