Question
Should the government fight recessions with spending hikes rather than tax cuts? comment on the macroeconomic debates your peers chose. Provide examples from current
" Should the government fight recessions with spending hikes rather than tax cuts?
comment on the macroeconomic debates your peers chose. Provide examples from current economic news about the macroeconomic policy debate, and comment on the nature and tenor of the discourse surrounding the different debates.
This semester went so fast. Hope you all enjoyed this class as much as I did. The debate I chose is "Should the government balance the budget. To me the purpose of a budget is to understand where all your funds are going and coming from. It really is that simple. My wife and I have a newborn and we are making sure we know where funds are going so we can plan for our future with three people now. The government should do the same. In order to balance the debt though the government needs to stop spending at a unsustainable rate. It is a vicious cycle and I need to stop somewhere so it might as well be now. The excess debt we have makes it harder to pay off our debt and not being able to pay off our debt leads to people not investing in either their future or the future of businesses. It would be the same in my household. When my wife and I first got married she had student loans and we both had car payments. That made it difficult at first, but we made a budget and paid off the debt and now we can look forward to creating a better future for our son and invest in him. The government needs to have that mindset.
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