The United States of America, was made, depending on certain principles, of freedom, and liberty, rights and obligations. Far too often, we’ve got witnessed, elected officials, particularly when they are running for office, head for making empty promises, and taking advantage of an excessive quantity of rhetoric, often, aimed at blaming and complaining, as an alternative to viable solutions! An analysis of promises created by politicians, indicates hardly any, visit fruition! Party politics, often, complicates, getting the priorities, and needs/ concerns, therefore we often, see, haphazard legislation, enacted, and not using a realistic, true, reflection on the economic impacts. For this, and several other reasons, we have now witnessed, an escalating U.S. deficit, and budgets passed, with overwhelming deficits. With that in mind, the following paragraphs will attempt to consider, examine, and briefly discuss, 4 basic options, for nation’s economy, and budget, along with the potential ramifications, etc.
1. Balanced budget: Politicians often promise a consignment to supporting balanced budgets, but, manage to forget their promises, once elected! The last time, an American President, openly, and honestly, expressed the importance, for responsible handling of the economy, was Jimmy Carter, 4 decades ago. President Carter supported the style and approach of zero – based budgeting, which meant, fully examining and considering alternatives and options, as an alternative to merely proceeding, sticking with the same – old ways! The last surplus occurred, in the last years in the administration of Bill Clinton. Today, underneath the administration of President Donald Trump, we’re also seeing our national budget, and corresponding deficits, escalate dramatically! Students of history, experienced, nations, running huge deficits, for just about any period of time, suffer!
2. Sustainable; focused; relevant: President Trump’s focus seems to be on what he perceives as winning, in lieu of sustainable, focused policies! He generally seems to disregard the longer – term ramifications, of several aspects, of leading, and, this, his actions in many cases are, more determined by populism, than fiscal responsibility! It’s important to realize, non permanent, band – aid, fixes, are far completely different from responsible budgeting, etc!
3. Deficit: One should examine a nation’s debt, being a ratio, and/ or percentage, dependant on the Gross National Product (GNP)! Under this President, our deficit, and number of accumulated debt, continues to grow, to record levels!
4. Trickle – down, versus. middle – class focused: Trickle – down economics has not worked successfully, nor lived – up, towards the promises, of their proponents! The better option, if you truly wished, to create things better with the middle – class, as promises on the so – called tax reform, passed, late in 2017, it could focus a great deal more on the middle – class, instead of predominantly, serving the wealthiest!
It’s a simple choice, if you should have a country, that is relevant, prepared, sustainable, and serves the most popular good, or one, which prioritizes widening the category – divisions! When these deficits are unsustainable, America, in the long – run, is likely to suffer!