Monday, February 21, 2011

Spending What we Can Afford

It seems like overspending shouldn't be a huge problem for our government. It's really quite simple; don't spend more than you take in. That's a long process when dealing with an entire country instead of just a family or business. First, the president creates a budget plan that acts as a possible guide for Congress when they make final decisions about spending. When Congress takes over, they must authorize and then appropriate. That means they pass an authorization bill to state rules and guidelines, and then they pass an appropriations bill to actually give the money to the stated agency. Using these bills, things should ultimately line up so the country doesn't create deficit. That's when outlays exceed revenues. When deficit happens not all programs receive proper funding, such as Social Security or Medicare. To prevent this from happening, some people support the "paygo" method. This method is very self explanatory, you just pay as you go. So as money is collected, then the government can pay for things. People who are against "paygo" believe that it encourages tax raises on Americans, which will hurt people and end up hurting the economy even more.

Vocab:
appropriations bill: http://en.wikipedia.org/wiki/Appropriations_bill
deficit: http://en.wikipedia.org/wiki/Deficit

I support "paygo" because it is what this country truly needs right now. It doesn't make sense for the government to be allowed to spend more than they take in when families and businesses don't have that luxury as well. The government should be the foundation and should lead by example when handling money. Sometimes what the government spends money on isn't even needed. If we get rid of the wasteful spending, just think how much money will then be available for necessary projects, like entitlement programs. We need to keep Social Security and Medicare active in the United States. They're so important to some families and individuals. What is being encouraged in our country is ridiculous. Not only is the government handling huge proportions of money, they're handling other people's money. When that happens you should be extra careful with what you spend it on. As I get older and develop a career, I'll want my hard earned tax dollars to be put to good use. Ed Rollins is also supportive of "paygo." He is a republican strategist and January 2010 he stated we should be supportive of pay as you go. That is where we should be headed.

Other issues:
http://http://roseyerickson.blogspot.com/
http://boesen-boesen.blogspot.com/

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