Balanced Federal Budget Essay

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Although it is unobtainable to fully balance the national budget I do believe a better budgeting system should be put into place. A fully balanced budget wouldn’t be obtainable because the government cannot budget for things like a war or a state of emergency due to a natural disaster. I do however believe it would be necessary to propose a certain type of amendment on the Constitution requiring a better balanced federal budget for things that are expected. An amendment to the Constitution would guard upcoming generations from any debt that others may have acquired throughout previous years (Peter G. Peterson Foundation, 2016). As related to this analysis, this would offset the need to continuously raise tuition year after year and help many …show more content…

The baby boomer era was the result of many people having babies continuously and at the same time during a certain period of time. As stated by Campos (2015), as the baby boomers reached college age, state appropriations to higher education skyrocketed, increasing more than fourfold in today’s dollars, from $11.1 billion in 1960 to $48.2 billion in 1975. This resulted in the start of tuition increasing because it was shown that more people were interested in higher education and therefore they can adjust the price of attendance. Ultimately greed set in for many on not only the state level, but the national and federal level too. Since it has been shown that people want to achieve a higher education because of the baby boom era, the rise of tuition has been gradually increasing despite the decrease in recent years of attendance. This impact has affected me by making it harder to receive supplemental help to achieve my higher education. It has allowed the placement of many restrictions for help in paying for the cost for me to attend college. Not everyone can save and prepare for the expenses associated with attending college and need some form of financial aid. This doesn’t necessarily mean to just take out a loan to pay for college because then one must pay that student loan back. What if they are unable or don’t finish their degree for the reason they are unable to pay for it? That then leads them further into debt and eventually hurts the

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