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 reasons. One, the debt is too elevated as is, and cuts in smaller programs allow fornot dent 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 number 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 ample to stay in operation.This country is not in constant threat of wars any more(prenominal), therefore, I dont see the reason why 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 societysuch as Medicare or welfare. We need to turn extraneous fromfunding the nucl ear missile to save this country some moneyOne last point on this section, education does NOT need to be touchedby federal 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 enunciate called inflation. As the debt increses, inflation increasesas well. Plus, with the raise on the debt limit, I fearthere will be yet another increase in inflation. mooragethe small programs would decrease inflation, but it would happen at a slow rate. At the beginning after all thecuts take place, population would fear using up and would increase savings. All, this would do is to stop the program of decreasing 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 stimulating the