1. If a large corporation were to go out of business,
causing severe problems of unemployment and greatly disrupting the
market, should the federal government subsidize them?
It is my educated deduction that the government should either restrict bailout to a limited amount or not provide such financial assistance at all. The problem is that then even more financial stress is put onto a government that just doesn't have the money to throw it at companies that simply failed to carry out their business properly. The United States government shouldn't provide support for a corporation that could never support itself. Despite possible unemployment and market disruption, responsibility must fall in the hands it belongs and with that comes with failure as well as success. These hands are not the government's, but the corporation which failed to maintain a stable business plan.
2. After looking at the 2011 budget (revenues and expenditures), my manifesto leads me to support/criticize it because...
I do not support the 2011 budget because the expenditures in certain areas are just way too high and the balance necessary in our economy does not exist. The government spends more than it brings in, resulting in negative outcomes! Defense spending should be cut in half if not by more, this is especially true because so much of the spending doesn't actually go into defending the United States at all.Simultaneously, it is interesting to notice that almost half of US Revenue comes from the people, not other resources or other countries. I highly criticize the use of resources by the government because the lack of financial diversity and use of funding.
3.
In keeping with my manifesto and after watching the movie I.O.U.S.A.
explain the debt crisis faced by our nation, I propose the following
solution...
Defense spending should be cut in half, if not more. More resources should be directed into a national medical health care plan even if that means raising taxes. A national heath care plan would benefit every American citizen and promote healthy lifestyles and preventative care, which in turn would cost less in the long term. Higher taxation would increase revenue, if and only if, outgoing expenses are cut so that they do not exceed the expenses of revenues brought in. This would be key looking forward in creating a more effective economy. I also believe that providing more financial aid to college students and returning student would promote a more educated population. Thusly, our economy would be able to have more jobs of higher paying rates and a more successful economic backbone.
