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With the decrease in gross domesticated product, nonemployment is anticipated to climb by 1 percent. Reports show, over 1k of government funded programs - including the defense budget and Medicare are up for automatic cuts. The tax advances were versed as the largest overload for the economy in history. Discussions amongst the parties to avoid the “fiscal cliff” were deliberated. Democrats and Republicans negotiated on how to prevent this aspect of the “fiscal cliff”. The latest hindrance to avoiding the “fiscal cliff” is the expense of federal retirement programs. Federal programs, such as Medicare; Medicaid; and Social Security are the government’s greatest and fastest increasing (pronominal) programs. Republicans were ready to consent to raise taxes, on the grounds of, the expense of these programs were limited. Democrats were reported to have said “Republicans have yet to name their price for enacting legislation that would preserve tax cuts for the vast majority of Americans next year while raising revenue from the wealthiest 2 percent.” Wherefore, it was reported that Republicans said “that it is up to President Obama to offer a plan to restrain the cost of Medicare, Medicaid and Social Security”. Obama designed a plan that cut $340 billion from federal health programs by command wealthy seniors more for federal programs. But this plan has met resistance from both Republicans and Democrats.
Theory of conflict is emerging with this current event topic because; the “conflict theory” emphasizes the role of coercion and power in producing social order.
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