Sunday, January 13, 2013

Manifesto 2.0

1. If a large corporation is going out of business and causing a large economic down turn and unemployment, I don't believe that the government should subsidize them.  If a corporation is failing, it is for a reason and if the government gives them money to bail them out, it will only fail again in the future.  It's failure shows that their leadership and business strategies are not succeeding or the company is simply not changing with the rest of the world.  For companies to grow and compete there needs to be failure as well as new competition. Yes, people will lose their jobs, but it will also inspire people to create something new and start from scratch. The economy will balance itself out eventually, but sometimes things need to become worse before they can get good again.

2. After looking at the U.S. budget, my manifesto leads me to criticize it because I believe that the government spends too much money.  I feel as though our government spends too much money on national defense.  We try to help everyone in need and we simply can't afford to do that when our country is in so much debt. Spending a trillion dollars over our income is going to catch up with us eventually and my generation is the one that will have to pay. We need to stop worrying about other countries in need right now.  If we are going to spend that much over our income then we should at least be using it to help our economy grow and succeed not waste it over seas. 

3. The debt crisis in our country is outrageous and our government can't even come close to agreeing on anything.  If we dont do something to make a change, we will eventually hit a limit on that debt.  I propose the solution that we cut our spending by a lot, this will at least slow down the debt from rising so quickly.  The things we would be cutting are things such as national defense, because we spend more than most of the other top countries in the world combine.  Also our discretionary spending should also be cut, we do not need to bail out businesses that will continue to fail in the future.  These spending cuts would not take away the deficit but along with some tax increases or possibly a complete change in the way we collect taxes could result in a profit for the U.S.