Government spending. This was the issue preoccupying the minds of our two presidential candidates in a debate on foreign policy. However government spending is in fact a big deal, and a key election issue for both major parties.
Why is government spending such a big issue? The main reason, is that government spending is funded by your taxes, and John Mc.Cain would like to cut them, while Obama would like to raise them. I on the other hand would like to take specific spending, i.e pork barrel spending, and redistribute it to stray away from the special interests, and put them into say public works, or part of the bail out. However by tying these up in pork barrel spending we take away from the tax money going to help the people.
So why should we not cut spending though? It seems like a good idea, lower taxes, more money for you right? Wrong. You see in America, there are literally millions of tax free jobs. These are jobs that are part of the government, part of the bureaucracy. Teachers, postmen, and any federal or state employee is paid through government spending. So to cut government spending in our faltering economy means unemployment, and therefore less liquidity in the market.
Obama would like to expand spending, however as McCain made clear Obama has historically supported pork barrel spending. Thus said, we wonder what Obama will increase spending for. He says, provide health care, and lower taxes for the middle class. Do that, however rather than tax anew, take what's already being spent, and shift funds over.
I am neither for the cutting of all spending, nor the increase of spending. However, the redistribution of spending, may perhaps be a safer long term solution when considering the faltering state of our economy.
Cirque du Soleil: Ovo
14 years ago
2 comments:
Hi there, the red tape image you're using from my blog, I've paid for and is copyright of iStockphoto and the photographer who took the shot. You might want to consider using a different image, otherwise you may theoretically be subject to legal action.
thanks for the warning.
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