Republican Plan Should be Vetoed :: Economy Economics Papers

republican Plan Should be Vetoed I believe that the Republican plan should bevetoed. I am againstthe resolution for the following(a) reasons. One, the debt is likewise high as is, and cuts in smaller computer programs willnot bend this tremendous debt. Also, I believe that it is a concern to the economy. In the following paragraphs, Iwill elaborate. The national debt was 4.9 trillion dollars. This is definitely an unimaginable bout for anyone tofathom. To add to this, it was recently passed to raisethe limit of the debt to 4.967 trillion dollars, justso the government would have enough to stay in operation.This country is not in constant threat of wars anymore, therefore, I dont see the reason wherefore the national defenseshould remain high. To my recollection, the U.S. spendsmore on defense, than anything else. This should be theprogram to get cut, and not a program beneficial to society much(prenominal) as Medicare or welfare. We need to turn away fromfunding the nuclear missile to save this country some moneyOne terminal stage on this section, education does NOT need to be touchedby national cuts, unless the republicans enjoy being the least educated developed country in the world. The reason I believe that the debt is an issueto the economy is as follows. Its the rule book called inflation. As the debt increses, inflation increasesas well. Plus, with the raise on the debt limit, I forethoughtthere will be yet another increase in inflation. Cuttingthe small programs would decrease inflation, but it would happen at a slow rate. At the beginning after all thecuts take place, people would fear spending and would increase savings. All, this would do is to stop the program of diminish the debt. If, on the other hand. defense was cut, and money programs for Medicare, welfareand education were left alone, I believe that peoplewould increase their spending to a point of slightlydecreasing inflation as well, thus stimulat ing the