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The National Debt Problem
The National Debt Problem
The National Debt Problem
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Federal Budget Activity Reflection Mark S. Bolin II Grantham University Federal Budget Activity Reflection Reducing government spending has been one of the toughest issues in America and the congress has always put a lot of pressure on the federal budget. In this activity, I was able to simulate a budget that reduces the debt to below 60% of GDP in 2024 and made sure that the level would be kept through 2030. The decisions made were tough; however, I was convinced that the cuts I made in the budget were necessary as shown in the discussions below. Justification of the budget Troops in Afghanistan plays important role in the protection of the lives of Americans. Terrorism is still a threat and since it can destabilize …show more content…
I noted that if people retire early, it does not cost the government a lot of money, that money could be saved. Then at that age, reducing the scheduled benefits would not give a lot of trouble because at that age, there will be no demands. Then, using the right measure of inflation that gives the accurate figures is very core because it helps save money. In this scheme, all benefits were reduced because we need an economy that is debt free. Medicare is an important issue that affects most Americans. Thus, I chose very important health care choices that would help Americans. In this way, repealing the legislation by scrutinizing the SGR Repeal and Medicare Provider Payment Modernization Act of 2014 was core but the cuts were to remain. Then, I realized that growing Medicare spending has become one of the biggest long-term fiscal challenges in the country, thus, modernizing Medicare would give us a way of saving some money. To sum up, you will note that the decisions made in healthcare enabled me to save good money. Possible …show more content…
According to most policy makers, they believe cutting these spending is very harmful because they might go into some projects that Americans depend on. They put it that these cuts might create massive unemployment, compromise military readiness to sudden aggression and do away with projects that have put America to be where it is in the current global politics. However, according to my view, I do not think the cuts I have done would really jeopardize the lives of many Americans. I believe that my approach has looked it from a more balanced approach because it only reduces it by $ 320 Billion, which is not an amount that can put America into danger. Consider that during Obama administration, the target cuts were projected to be 2.5 Trillion. Thus, my cut is not that much significant. Again, being that America is a super power, they take their military serious. They believe that strong military is core to maintaining the position. Thus, interfering with the military, where I consider replacing them with civilians might be counterproductive. However, I believe that qualified civilians should take up some positions like office work and other areas that do not need combat in the army. This does not in any way compromise the military because they will be able to give the same intelligent at a manageable
Despite his many compromises however, Thomas Jefferson’s intent to dissolve the national debt was to a great extent unvarying. Jefferson and his Treasury Secretary Albert Gallatin honestly feared a large federal deficit as a threat to Republicanism. To avoid this threat, the President sought to diminish the role of the federal government, and decreased the national budget. These budget cuts substantially diminished the size and resources of the American army and navy. When criticized, Jefferson defended these military cuts as being consistent with Republican policies in that a smaller U.S. Army would be seen as less of a threat to other nations and reduce the risk of provocation, resulting in the ultimate promotion of peace.
Our military campaigns in Afghanistan eliminated a regime that supported terrorism and other violent groups. Today in Afghanistan there is no regime and the country is rebuilding it self from the ruins of Soviet war. John Ashcroft who is now the famous man on TV is probably the only one who takes the problem seriously. He said that he wants to check for people who have connections with the Alquida and its cells. But some people say it’s unconstitutional to do that, but in 1700’s or even 1800’s terrorists did not attack America. That means that our finding fathers did not had to deal with Ottoman Empire nor their attacks because we were protected by oceans. Even in the old days constitution was not a factor for some people to do something immoral or illegal.
...ch overwhelming evidence on the table, it would be hard to ignore the huge negative impact budget cuts will have on the Navy. By cutting down on flying times, eliminating training deemed nonessential, and decreasing the amount of deployments, our sailors are losing valuable experience that they would not gain elsewhere. Through the lack of maintenance on our ships, the Navy is also experiencing a decrease in readiness. By decreasing the amount of forward deployed ships, we are also increasing our reaction time to potential threats to our allies and other interests abroad. Finally, as we miss out on or delay the modernization of our Navy due to fiscal reasons, we are hindering ourselves from attaining the most combat ready force that we could be. As the United States’ economy rebuilds up to its former glory, increased military spending should be soon to follow.
In his essay “What We Are Fighting For”, Rex Murphy outlines reasons why Canadian army is fighting in Afghanistan. In the beginning, Murphy clearly states that Canada’s involvement in eliminating the Taliban Government was in retaliation for the 9/11 terrorist attacks to our ally, the United States, particularly because of those Canadian citizens who murdered in those attacks. According to Murphy, the international campaign to combat terrorism would be effective not only by eradicating the Taliban Government, but also by helping Afghan citizens in establishing a democratic state. Furthermore, Murphy explains that the Canadian army remains in Afghanistan to secure the peaceful democratic transition of power, as well as to assist Afghans with
The United States Military though has problems in the country and has been having these problems since the invasion. Training Afghan forces and fighting the Taliban has not been working and is not efficient. We are trying to win the hearts and minds of the people but when the Taliban are blowing up schools and hospitals, winning those hearts and minds is a challenge. “Americans are used to be successful and these wars are not” announces Mark Lytle (Hampson). Americans are being worn down and soon will be on the verge of giving up, something Al Qaeda wants, and we are letting our enemy win this war. Afghanistan though also has ethnic problems. There are several divisions in Afghanistan, different tribes different ethnic background. The concept of majority rule has not been sitting well. The Afghan Government is corrupt and is not efficient enough to rule effectively. “The sooner we accept that Afghanistan ...
With congress passing ObamaCare last year we are taking baby steps towards a health system overhaul we so desperately need. The skeptics, though, still argue against it, citing the costs as too much or that it’s un-american. Health care is a basic need for everyone, and as such should be right protected and provided for by the government. There are great, economic, moral, and social benefits to be reaped, and so it is important for our government to continue down this path its started and also important for Americans to provide our full support. There is much to overcome to completely reverse the direction of the health system, and I’m sure it will take many years for the results to pay off, but I’m glad we’ve at least provided the groundwork for future generations to build
Many United States' citizens are unaware of the country's current financial state. Many assume that one of the world's wealthiest countries could never be in debt. This is untrue however, and, in fact, the country with the greatest income per capita is in major debt. This study will examine possible solutions to reducing the United States' national budget deficit.
The political parties continually blame each other in a never-ending cycle, while the state of the economy keeps falling and the national debt keeps rising. Along with that, many functions of the government, such as tax reform and Social Security, have ‘leaks’ in them, where money is being lost. As researchers look into the crisis more and more, they keep finding scary results, such as the predicted debt in 2035 being 185 percent of the country’s (GDP). Despite the work of economists, an economic problem of this seriousness has not ever appeared before. The National Commission on Fiscal Responsibility and Reform worked to create a document that would lead Washington towards a solution, however this article has both advantages and disadvantages in it.
Establish cut-and-invest committee, it can cut low-priority spending, increase high-priority investment, and consolidate duplicative federal programs. Cut-and-Invest Committee would expected to cut 200 billion dollars in discretionary cuts, freezing up to 100 billion dollars in high-priority investments. Downside to this may be losing a lot of blue collars jobs in current economy. I think it’s a good idea it might lose jobs but it will a lot increase a lot federal job since and it manage what is necessary and what isn’t.
Should the government decrease military spending or should it increase military spending? This is a question that many Americans wrestle with, and politically speaking, is a point of great contention since to many, military might evokes a sense of security. However, when considering this question from a foreign policy standpoint, does current military spending really match the current level of threats faced by the United States, or are too many dollars being allocated for an unnecessary level of military strength? There are certainly cons in making the decision to drastically lower military spending, but they are minimal when compared to the positive ramifications such a decision would have. This paper aims to explore these pros and cons
The war on terrorism in Afghanistan has been the longest war in the history of the United States of America, the war that nobody wanted is finally coming to an end. Ever since the September 11th attack on the twin tower in the heart of New York, the United States has led a 13 year long war on terrorism in the war-torn country, Afghanistan. The ending of the war is a major turning point in the history of America and Afghanistan. The ending of the war will be the greatest test on the people of Afghanistan to see how they will take their country into their own hand and decide its fate. The future of Afghanistan is that it will not be stable enough to run on its own due to the high level of poverty, high levels of corruption and limited influence from foreign countries after the departure of foreign troops and the presidential elections taking place in Afghanistan.
Will the security of our nation be compromised? Will U.S. enemies take it as a chance to land a brutal blow against America? Yes, these things will happen. However, they will only happen if the military budget is decreased too much, or if funds are not used appropriately. For instance, maybe the U.S. needs to invest less of its resources into meddling into foreign affairs. At some point, America became the terrorists in the “War on Terror.” Undoubtedly, America has the strongest and best-trained military on the planet. Mainly because of how many resources we’ve invested in building it. Granted, this great country will not falter with some military budget cuts here and there. Instead, it can take those funds and invest them into the leaders and workforce of tomorrow and brighten its
This imposes problems on the military and even on the government. One article states that, “Reduced budgets and the threat of sequestration create a sense of uneasiness in the ranks, and those fears are fueled by politicians willing to shut down the federal government rather than compromise.” (Army Magazine) This is because with the increase of budget cuts they start to cause problems for the ones who are working and this creates lost jobs in the military. No one wants to lose their job not even the ones that have put forth a great amount of time and effort in the military. For the ones that have been in the military for a long period of time this can actually have negative effects on their life style and even cause problems when returning
The federal budget is known as the notorious economic tank from which money is distributed to various programs. The money used every fiscal year, which begins October 1st and ends September 30th the next year, belongs to the people. The government raises this money through taxes and they spend it on national defense, Medicare, and social security. The federal budget is an exercise in making choices, and those options will certainly affect individuals living in the U.S. These choices cause debt to pile up on the government, who is struggling to make it disappear. The deficit and debt of a government gauges how well it is being run and how well it has been run in the past. According to The Economist the national debt is the total outstanding borrowing of a country’s government; it is an accumulation of deficits that has yet to be paid off (Economist, A-Z). The current U.S. federal deficit, as of the 2013 fiscal year, is a monumental $680 billion dollars, adding to an even higher debt. Any attempt to diminish this debt has the consumer footing the bill, but there has to be a different way. There have been requests to increase taxes, to raise revenues for transportation infrastructure, to restrategize the military force or to make defense more affordable (“15 Ways to Rethink the Federal Budget”, Brookings).
I will first share my ideas on lowering government spending. First and foremost I believe we must lower defense spending and downsize our military. We have the most powerful military in the world and can afford some budget cuts without risking national security or global standing. We must also cut spending on the home front. I believe we should lower welfare payments and encourage people to find jobs instead of relying on the government. We should also give tax incentive to wealthy citizens to give up their U.S Bonds therefore lowering the Federal Debt. Also the wealthy should be eliminated from the Social Security System.