Get help now

Role of Government in the Economy

dovnload

Download

  • Pages 3
  • Words 703
  • Views 365
  • Can’t find relevant credible information

    Let our experts help you

    Get help now

    “Why is it that if you take advantage of a tax break and you are a corporation you are a smart business man, but If you take advantage of something you need to not be hungry you’re called a moocher? ,” a famous quote by Jon Stewart during a debate against Bill O’ Reilly about the national deficit and safety-net programs. Through Republican ideas, the rich will get richer, and the poor will only get poorer. Today, Republicans argue that the government is playing too big of a role in the economy.

    There has been much debate over the government’s role in the economy during economic downturns, but the economy will only prosper if the government plays a significant role trying to recover from a recession, or even a depression. Safety-net programs and social welfare helps families fight poverty during economic downturns. In 2011 “one is every six Americans, including children and seniors, does not have access to enough food to sustain a healthy life” (pediatrician. Org). In 2009, Unemployment rate rose to 10. 2 percent in October 2009, the highest in 26 years (Goodman 2009).

    Also, during the Great Depression, an unemployment rate of 25% was managed by many New Deal orgasm Like the Civil Works Administration (CAW), which was created In 1933 to battle unemployment by creating Jobs in construction, and the Civilian Conservation Corps (ICC), which was very similar to the CAW as it also created temporary jobs in construction for public work (Americanization. About. Com). These facts show how dependent on the government the people are, and also show how together, the government and the people can help this country to grow.

    The government provides millions of Americans with the necessities to survive, Including food. “In 2011, 50. 1 million Americans lived In food Insecure households, issue just for the people who struggle with poverty and homelessness. Most individuals served have at least one working adult in their family. Various programs like Supplemental Nutrition Assistance Program, and Child Nutrition, which both provide food for low income families and children. This shows us how many families, and children, wouldn’t be able to survive without the government’s help, and ending these programs would lead to the starvation of many people.

    The recession in 2009 made jobs extremely rare for the middle and low class, and increased the unemployment rate drastically. In June 2012, the unemployed who had been out of work for a year, the chances of getting a job fell to Just 1 in every 10 (Lobby 2012). Republicans repeatedly want the poor to start pursuing jobs, however don’t realize how grueling it can be to get a Job. Government intervention, especially government programs are extremely Imperative In the midst of a falling economy to return It to a healthier state. “The Works Progress Administration was created in 1935 during the Great Depression.

    As the largest New Deal Agency, the WAP impacted millions of Americans. It provided jobs across the nation. Because of it, numerous roads, buildings, and other projects were completed. It was renamed the Works Projects Administration in 1 939″ (Americanization. About. Com). These government programs, seen mirrored employment services to low-income Americans, are essential for social mobility from low class to the middle class. Republicans claim that safety-net programs and social welfare increase the deficit, ND are further crippling our economy.

    However, Republicans support giving billions of dollars worth of tax breaks to big businesses that will make a profit regardless. Shell and Exxon earn $160,000 a minute, yet they still received $800 million in tax breaks in 2011 (elliptic. Com). “The Republicans constantly play upon the fears and insecurities of average Americans and encourage them to blame all their problems on the government” (governmentally. Com). Government help is imperative to help this nation’s crippled economy, instead of oiling the dice with businesses.

    Though our ways are not perfect, there can be a lot done to let our economy prosper in the future. We lose approximately $230 billion a [ear to the fraud of Medicare, Medicaid, Social Security, and other government programs a year. Over a ten year span, we can save $2. 3 trillion and can effectively reduce the national debt. During his State of the Union address, President Lyndon B. Missions, a democrat, declared a “War On Poverty,” however, today it seems that the Republicans are urging a war on the poor.

    Role of Government in the Economy. (2018, Jan 22). Retrieved from https://graduateway.com/role-of-government-in-the-economy/

    Hi, my name is Amy 👋

    In case you can't find a relevant example, our professional writers are ready to help you write a unique paper. Just talk to our smart assistant Amy and she'll connect you with the best match.

    Get help with your paper