Republican Plan Should be Vetoed :: Economy Economics Papers

Republican Plan Should be Vetoed I believe that the Republican plan should be vetoed. I am against the resolution for the following reasons. One, the debt is too high as is, and cuts in smaller programs will not dent this tremendous debt. Also, I believe that it is a concern to the economy. In the following paragraphs, I will elaborate. The national debt was 4.9 trillion dollars. This is definitely an unimaginable number for anyone to fathom. To add to this, it was recently passed to raise the limit of the debt to 4.967 trillion dollars, just so the government would have enough to stay in operation. This country is not in constant threat of wars anymore, therefore, I don't see the reason why the national defense should remain high. To my recollection, the U.S. spends more on defense, than anything else. This should be the program to get cut, and not a program beneficial to society such as Medicare or welfare. We need to turn away from funding the nuclear missile to save this country some money One 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 issue to the economy is as follows. It's the word called inflation. As the debt increses, inflation increases as well. Plus, with the raise on the debt limit, I fear there will be yet another increase in inflation. Cutting the small programs would decrease inflation, but it would happen at a slow rate. At the beginning after all the cuts take place, people would fear spending 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, welfare and education were left alone, I believe that people would increase their spending to a point of slightly decreasing inflation as well, thus stimulating the