Friday, May 17, 2013

Manifesto 2.0

1. This is the way it ought to be... The role of government ought to be encouraging of small business growth and development. The government often interferes too much with businesses and does not allow them to grow as much as they could, bringing money and economic growth to a community. As this article stated in US News and World Report, "Last year alone, federal agencies issued 3,807 final rules according to data compiled by Wayne Crews of the Competitive Enterprise Institute".  I think, government should stay out of the economy and small business enterprise because they are restricting businesses from reaching their full potential by their time consuming, costly, and endless regulations.

2. Do you support or criticize sources of government money?  I think that large corporations should be paying more taxes, because if they were the revenue to the government would be more balanced. I believe that the government puts too much pressure on individuals to pay high taxes that in the end dont produce economic growth. Therefore, if they made the large corporations pay higher taxes it would release some of the pressure of each individual. Another area where we could tax more is the "sin tax" like tobacco, alcohol, and even tanning. People will pay a lot for the things they like or even develop a need for, so posing a higher sin tax on those types of things could be very beneficial. If the government made the corporations pay less, pose a higher sin tax, and lowered taxes on individuals, I believe it would create higher economic growth. 


3. Do you support or criticize government spending? I believe that government should be spending less on the Department of Defense, because it allows our country to fund wars and spend money on new military technology. It also gives our money to foreign governments to help them with their wars.  Instead, I think the government should focus on putting more money to "close to home" issues like our education system, and health and medicare.  Our schools would greatly benefit from extra money that we could be putting towards hiring new teachers, funding different educational programs and creating an easier learning environment for the next generation.  I don't believe that the government should be focusing and spending as much towards Social Security because I think it is the individuals responsibility to be saving for their own retirement.




4. National Debt in the future? I chose to cut a lot of defense spending and social security. I finished the activity with a $3.7 Trillion Deficit. I also Raised tax reform by $1300 Billion. This will allow the government to pay out less money over a longer period of time to those involved in the program.  Each year this will save the government billions of dollars.  I decided to cut War Spending by $852 billion. I dont believe in spending billions of dollars on wars that I dont agree with, so it was an easy choice for me to cut defense spending. These days, it seems that the government decides to spend money on things that are not always necessary, or that can be dealt with in other ways. I think if we cut defense and social security, that our national debt will decrease at a sufficient rate. 


5. Water slide. I chose a water slide as my image of the future of our national debt because if we cut defense and social security, place a higher sin tax and lower individual taxes by taxing large corporations more; then there will be a gentle "slide" down the national debt. Evening out spending, and government sources of money it will be a fun decent to the lowering of our 16 trillion dollar debt. 




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