The Concern of National Debt :: Argumentative Economy Economics Papers

The Concern of National DebtThe National Debt is large, and should be a major concern to the economy. and a even bigger concernis how our Government plans to balance the budget andpay off the Federal Deficit.I am not in kick upstairs of passing the National Debt on tofuture generations, nor am I in favor of passing theRepublicans Budget Plan either.The Republicans wantto sharply cut spending for Medicareand Medicaid health benefits for elderly and poor Americans in order to balance the budget by 2002 - while also providing $240 billion in tax cuts.I am in favor of balancing the budget but through manydifferent routes. 1) cut Social Security but haveAmericans set-up tax free IRAs for their future. 2) desex a politicians job not so glamourous. A mere $35,000 dollars per year and a suitable benefits planlike the majority of Americans have would be fine. perchance not so many greedy, power hungry indvidualswould want the job to make them richer and usthe American workers poorer. M aybe just maybe an average American would take the job to help the overall benefit of America as a whole and not justworry what is in it for them. 3) Cut several(prenominal) of theentitlements programs, but let the American peopledecide where to cut. The Government should haveon-line voting, so our voices are heard.The Republicans package is a tax cut for the rich, itsmuch more a tax cut for the middle class -- and a baddeal for the working poor. But I do understand, no matter where the cuts go, or who they hurt more, thedollars must come out.Take the dollars away from the rich and the greedy politicians who want more and more each year for their let benefit Most of these politicians areset for life with their million dollar benefits