The Effect of Legalizing Prostitution on the Economy

Prostitution has been a part of our world's culture since the beginning of time, and is the world's oldest profession. Prostitution is defined by the Webster dictionary as “the act or practice of engaging in promiscuous sexual relations especially for money.” If prostitution were legalized, there would a reduction in sex crimes, American citizens would have the freedom to choose any profession within the sex industry and it would provide economic benefits for the local and federal governments, as well as the population.

Many people view the United States as a country of opportunity in which you can live happily and be presented the opportunity to achieve any goals that you may have, regardless of your class or financial status. This idea is helped made possible by our government. But our government might not be able to provide as much help to that dream if we keep going deeper into debt. In my opinion we need to fund all of these assistance programs less in America so the rest of us can grow and force other to take responsibility and grow up

The United States is a country that revolves around money, yet is facing a $20 trillion national debt. The current issues of increasing healthcare costs, the Social Security fund, and military expenses are the main issues responsible for the debt. The Affordable Care Act (ACA) was put into effect in 2010 and has become the major spender in the healthcare field. The Social Security fund is expected to be completely drained at the end of the year 2016, which will result in millions of Americans being cut short of receiving their full benefits. The United States military has become a major area to spend tax dollars on. As a result, the military budget has already begun receiving cuts in funding from maintenance and training. The solution to repairing this broken nation is simple; America must cut down salaries of the overpaid government workers. America must begin inciting business within the country to build itself back up from the tremendous debt it has taken on. The only way to recover is to bring more money into the nation than the amount of money that continues to leave. Without a solution enacted America will experience an economic collapse, devastating the country as a whole.

Many Americans today are aware that the United States is in debt, however, some may not realize by how much. Currently, the United States National Debt is up to 18 trillion dollars and is steadily increasing. This is a serious problem for the U.S., especially for millennials, who are going to be the ones living and dealing with the debt left behind for them. Increased spending, borrowing from China, and interest on the money borrowed are setting up our economy for an eventual crash, one that the upcoming generation may not be prepared for. Every dollar that accumulates into the debt will have to be repaid with interest at some point, making it harder to pay back. To gain a better understanding of how the U.S. dug itself into such a deep hole, one should start at the beginning of where the debt started.

One trillion dollars is an astounding amount of money. What if I told you that the United States of America is in debt not just one trillion dollars, but nineteen trillion dollars in debt, as of 2016. As time goes on, the United States only continues to rack up more and more debt. It is estimated that in just 4 years, our national debt will increase by about 2 trillion dollars. The truth is, our country has been battling debt ever since it was founded. Today, with the debt increasing so fast, every politician is striving to balance the budget, so the United States can continue to be the best country it can be. If the United States cannot dig itself out of this ever deepening hole, national security will become an issue, influential power will be stripped away, and ultimately quality of life in this nation will become extremely undesirable. I believe the United States national debt is a huge threat to our country and something must be changed in order to battle this crisis.

The U.S. national debt is very large at more than three-quarters the size of the economy—and growing federal spending, especially on entitlements, is quickly driving the debt to damaging levels. Federal spending was about 23 percent of the GDP in 2012—far above the historical average of 20.2 percent. It is projected to surge to nearly 36 percent in less than one generation. The government debt must be limited in some way or else our economy will face devastating consequences. The government debt has had its highs and lows throughout history in comparison to the GDP, and to reduce it, we must minimize spending on entitlements such as Social Security and Medicare.

Imaging yourself accepting you’re first credit card and immediately you begin to frivolously spend all the money your bank offers you. However, come to find out, you didn’t realize there was a consequence to your spending and now you are eagerly trying to pay back the money you owe with interest. Now take that scenario and apply it to our government spending in the United States. The author of “Going for Broke,” Michael Tanner, explains in his book the current financial crisis America is subjecting themselves to in the long run. Governmental officials of various political parties are turning blind eyes to the ever-increasing concern of stability in the United States. More of our taxing paying dollars are being used to chip away at an increasing debt that our government has no intent on fixing. The goal of this paper is to address Tanner’s issues with the growing economic deficit of the American people and its complacent government. Some questions Tanner emphasis on are: what can of debt does America have, where is the taxpayers' dollar being spent on, and what will happen to our economy if nothing is fixed?

Similar to that of the current depression we are currently treading in, there was the panic of 1893. I was only 31 years old; living with my mom, I had to make a living by selling food that she had made. It was a hard time for me, I say. Scientific management, basically the act of working specifically at one thing you were good at. This opened up so many jobs and made the economy and government more efficient. I was able to use my talents in the automobile industry and make a living. With so many improvements, the panic ended. We had hope and courage. We have already defeated and escaped one economic depression, so who is there to say we cannot defeat the same warrior twice. There is no better time than now to come together and help each and every person in any way possible. We have shown our potential power compared to other countries in so many ways. America showed its strength the most when I was around 40 years old in the early 1900s. Every day, I would wake up, drink coffee and read the newspaper. I recall hearing about out plans to take over Alaska and a few other

The circle graph above shows the national debt as of December of 2014. The debt is only getting higher, and things aren’t looking good for the future. The United States isn’t acquiring enough revenue to keep up with it’s excessive spending.

Many analysts state that “unless appropriate legislative action is taken, the national debt will become unsustainable, growing at a faster rate than the GDP and commanding a growing percentage of government revenues to pay the interest.” (Masters, 2012).

Last week our class discussed the multiple thought provoking questions and statements put up on the board. While discussing, I realized that my beliefs are based upon my upbringing. This includes my familial structure, my religion, my parent’s political affiliation, and more. Being that my parents are liberal, I have grown up watching CNN and learning to accept all races, ethnicities, sexual orientations, and more. I learned through my Judaism and schooling, as well as my peers. My mother also works in the Pennsylvania State Health Department in Sexual Transmitted Diseases and Tuberculosis. With that comes an understanding of the need for public health care and assistance. As I have matured into a young adult, I have continued along the same path.

I have selected Prostitution. A person is not born as a prostitute. Their lifestyle may have some influences in becoming one. Someone may become a prostitute because they are not financially stable, self-conscious, to feel love, to feel wanted, or attracted to a large amount of money. These are some of the social forces that encourages prostitution. A young adult may become a prostitute to be more independent and responsible. They do not want to depend on anyone for anything. Sometimes that will lead the young adult not to stop because the amount of money that they are getting. They become accustom to all flashy items and expensive things, so they become attached to the lifestyle and will not give it up. Also, some people also turn to prostitution

Legalizing prostitution would be beneficial to the government and sex workers by creating tax revenue, bettering medical care, and protecting prostitutes against violence. Prostitution is viewed differently throughout society and holds a lot of negative opinions but no one really discuss’ the benefits of prostitution being legalized throughout America. Many people believe in legalizing Marijuana not knowing its positivity and negativity. When legalizing prostitution you should look at the overall impact and the influence it would have on the government. Legalizing prostitution could generate more tax revenue in the government, protect prostitutes from harm and also lower STD and health risks.

Thomas Jefferson once stated, "I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt" (Bussing-Burks, 7). A lot has changed since Jefferson was President two hundred years ago, but the need to be financially solvent is something that will always be necessary for the United States to maintain its leadership position in the world. The United States of America currently owes $16.7 trillion in debt primarily as a result of the government’s spending practices during the last ten years. Two wars, several fiscal collapses, the bursting of the bubble in the housing market, looming medical care costs from an

Nowadays, prostitution is regarded as a taboo subject for most of the people. It was considered to be harmful with hidden criminal behavior. Despite of being regarded as a bad industry, prostitution is a billion-dollar industry throughout the world. A large number of men and women got enrolled in the prostitution market as suppliers and consumers. As today in US, Nevada is the only one state which provides legal prostitution with laws limited while other states consider prostitution as outlaw and have different punishments towards it. Although some groups of people holding the opinion that legalizing prostitution is not as good as people simply expected, I still think that it is better for the US government to legalize the prostitution and brothels with several reasons. With the legalizing prostitution, regulations like condom use and annually physical examination can be achieved into the brothels. In this way, it can help cut the chance of getting STDs and reduce the health expenditures. Also, with the legalization of the prostitution, there will be less sexual assaults and violent attacks towards sex workers.