It is clear to all Americans that our nation’s deficit is out of control and that the economy is in desperate need of a jump-start. So, if everyone agrees on this, why can’t we pass legislature to make this happen? Well, our US two party system is to blame for that, though everyone wants to recover, the nation is split on how. Republicans believe in a trickledown effect, so they side with big businesses (“Financial Reform – GOP Solutions for America”). Democrats believe that you have to start at the bottom and build your way up, so they help the middle-class and small businesses (“What We Stand For : Economy and Job Creation”). Now if that was the only difference, this deficit would be much easier, but there are many more.
Republicans believe that if big businesses are given tax cuts, they will be able to afford to make more of their products. This would then in turn lead them to hire more workers and expand their business while lowering prices. They say that this would trickle down to the middle and lower classes because products will become cheaper and that will give consumers more buying power. They also say that if we are less dependent on foreign oil, we can keep our money with us and we can circulate it into our own economy (“GOP Solutions for America”). They plan to encourage development of carbon free nuclear energy but they don’t want to tax those excessively who do not try to “go green” (“Financial Reform – GOP Solutions for America”). They also want to cut unnecessary programs in the government to reduce the amounts spent and bring the deficit to lower itself. They want to weed out insignificant programs while combining government jobs to create a smaller government with less control over the people’s money (“Financial Reform – GOP Solutions for America”).
Democrats, contrary to popular belief, do not believe in raising taxes to end the deficit. They believe in giving tax cuts just like Republicans, only they want to give the middle-class a break. They believe that if you have a supported middle class, that success will move up to the upper classes (“What We Stand For : Economy and Job Creation”). They say that if you make the upper class too powerful it will cause the middle class to collapse and we will go back into a Great Depression. They go back into the history books and say that reconstructing the US would be a great way to create jobs while restoring our country and reflecting the prosperity in the rebuilt bridges, streets, and buildings (“What We Stand For : Economy and Job Creation”). Democrats are also for increasing loans, so funding is easier for small businesses to get a hold of. This will cause more jobs to be created and the middle class will increase in size and lifestyle. They also greatly support the use of green technology. They want to give tax breaks to those who use green energy, making that market larger (“What We Stand For : Economy and Job Creation”). This would create more jobs as the demand for the products rose and the companies needed to expand. Democratic tactics tend to solve many issues in one, like green technology and the deficit or the job problem and the state of our highways.
So the real question is, who’s ideas are better, well that’s for the individual to decide.
So the real question is, who’s ideas are better, well that’s for the individual to decide.
Bibliography:
“Democrats Change That Matters.” What We Stand For: Economy and Job Creation. Web. 14 Nov 2010. <http://www.democrats.org/issues/economy_and_job_creation>.
“GOP.gov.” Financial Reform – GOP Solutions for America. Web. 15 Nov 2010. <http://www.gop.gov/solutions/financial-reform>.
“GOP.gov.” GOP Solutions for America. Web. 15 Nov 2010. <http://www.gop.gov/solutions/budget>.
