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Pros And Cons Of Gov Ernment

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According to President Ronald Reagan, the 40th U.S. President (1981-1989), the gov-ernment should be highly accountable to its citizens, particularly when it comes to the spending of tax dollars. Reagan clearly expresses a critical perspective towards the role of the United States government in that excessive spending has been a significant problem. Reagan upholds a perspective of a classical liberalist in the way he criticizes the nature of the welfare state – one that is flawed when citizens lack incentive to work hard in achieving self-sufficiency and rely heavily on government support. That is, Reagan openly states a concern regarding fiscal and monetary policies where the government is spending possibly more than …show more content…

The source perspective promotes works for the interests of the public because it embraces supply-side economic theory which seeks to limit and cut government spending on the creation of jobs for the economy. Overall, it seems that in a welfare state, many are benefited. However, if one were to analyze this system, one would realize that such economic system has high potential to experience deficits. For instance, Reagan is very appreciated by conservatives and loved by big business throughout his presidency and that is because once he came into office January of 1981, the top tax rate was 70%, but when he left office in 1989, the top tax rate dropped to only 28% revealing a lack of revenue coming into the federal government. Yet Reagan was forced to raise taxes eleven times throughout his time in office. This displayed when he signed the Tax Equity and Fiscal Responsibility Act of 1982. Thus leading to a serious amount of debt. The U.S ended up tripling their National Debt, cutting the tax for the wealth, leaving the government with less money to spend. When Reagan came into office the nation debt was $900 billion, by the tim he left the national debt had tripled to 2.8 trillion. He can also be very criticized for his attack on Unions and the Middle Class - The Republican war on unions and the middle class has been heating up in states like Wisconsin and Ohio, that has been an on going issue. Unions are formed to give a united voice to the workers in an attempt to create equality and collective security between the corporations and their employees. For example, on August 3rd, 1981, PATCO (Professional Air Traffic Controllers Organization) went on strike in an effort to get better pay and safer working conditions. Two days later, taking the side of business, Ronald Reagan fired 11,345 workers for not returning to work. With these examples, one can see how through

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During the campaign of 1980, Ronald Reagan announced a formula to fix the nation’s economy. He claimed an inordinate tax burden, intemperate government regulation, and huge social spending programs hindered growth. Reagan proposed a 30 percent tax cut for the first three years of his term in office. The bulk cut would be directed towards the upper income levels. The economic theory was called supply-side of trickle-down economics.

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Reagan's many successes as president owed much to his actor's instincts and much to the popular pessimism that he inherited and that his sunny temperament helped at least temporarily to dispel. The same factors contributed as well to the many shortcomings of his administration: its tendency to emphasize style over substance, its emphasis on short-term economic and political benefits at the price of long-term costs, and its insouciant refusal to acknowledge deep domestic and international problems that might undermine the hopeful picture of the world Reagan consistently presented. His presidency coincided with, and contributed to, a long period of dramatic economic growth and the beginning of a momentous change in international relations. But

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This economic program was planned to promote economic growth, but instead it brought upon more economic burden upon the lower urban social class (Foner 2017). Reagan’s plan to tax the wealthy less to improve the lives of the poor did not pan out well to

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With the new tax codes taking effect, the downside was starting to be felt. “Reaganomics, as critics dubbed the administration’s policies, initially produced the most severe recession since the 1930’s” (Foner). A double-edged sword of Reagan investing in technology is the fact that companies were taking advantage of satellite technology and shifting jobs to other countries. Also, the tax breaks that were set in motion in 1981 fell short of breaking even with taxable spending by 20 billion dollars. In 1982 the federal deficit rose to 110.7 billion dollars and as a result many more cut to government and short-term tax hikes caused a recession and highest unemployment rate since 1941.

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The creation of this economic system also resulted in major draw-back of government assistance, and tax lessening's; it cut social welfare and federal government entitlement. Part of his plan, Reagan created one of the largest military spending programs known to history, earning nearly 1.5 trillion dollars mostly due to his being greatly anticommunist. A branch of this, the Strategic Defense Initiative, also received much support from this financial military aid plan. President Reagan also lived under the illusion that "supply side economics" could have a positive effect on the country; this theory stated that a reduction in taxes could improve many aspects of industry. However, by cutting taxes, this also cut many of the government funds; therefore, the government was forced to take out loans which led to our great nation being in very deep

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In federalist paper #4 John Jay, explains the pros of having one strong national government to protect the people from foreign forces and influences; Rather than having 13 or 4 separate states or confederacies. Jay explains in depth how essential it is for America to be one nation with one government in charge of all states (colonies), and be able to commanded and provide safety to all of the states and its people. He states how much more efficiently one government can,” harmonize, assimilate, and protect several parts and members, and extend the benefits of its foresight and precautions to each.” Through maintaining the upper hand over foreign nations in trading, managing finances efficiently, maintain strong militia, free and united powerful

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In supply side economics, the government cuts many taxes to help the suppliers to operate their business. These taxes include corporate taxes, capital gains taxes, and taxes on the wealthy. Other things that a government using the supply side economic policy would do is cut down on regulation and make sure that the minimum wage stays low. By doing these things, the supplier wouldn’t have to pay as much and would gain a much larger profit, which would eventually “trickle down” into the economy and help the country itself prosper. The use of Reaganomics didn’t work in the end because it resulted in an incredibly large deficit to be created over the years of Reagan’s presidency.

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Ronald Regan was a president who was economically conservative thought highly of the idea that through one’s effort to gain monetary success you would have to put in the incentives to work, invest and save. Ever since Reagan entered office in 1980’s, some would say his policies were a disadvantage to the poor especially to black Americans. Reagan’s administration popularized the idea of supply-side economics which was to lower taxation, cap government spending and reduce regulations and government activities among the American people. Reagan’s governmental policy created difficulties for the poor especially Black American by reducing governments interventions in the lives of the citizen; through the reductions or closure of several programs

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The United States economy was in disarray, suffering after the 1979 energy crisis. Due to high unemployment and inflation, many Americans had lost faith in the government and the nation as a whole. When Reagan took office in 1981, the recession and this “national malaise” were already about a year old. However, many people faulted him for America’s poor condition. Immediately, he addressed the declining economy, introducing many new policies that came to be known as “Reaganomics.”

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Summary The three branches of government should be independent No branch should have power over selecting who makes up the other two branches However, the citizens cannot practically elect individuals for every office for example, the people may not be able to distinguish what makes a good judge (for judicial branch). the government has to be able to govern itself, meaning since men can be greedy, there must be constitutional walls that prevent one branch from becoming too powerful

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His plan for Presidency was to end this problem through the process of reforming welfare. On February 15, 1986, President Ronald Reagan gave a radio address where he spoke about his ideas pertaining to welfare reform (“Welfare Reform”). During Reagan’s address on welfare reform, he discussed the “crisis of family breakdowns” where he revealed the issues within families of recent generations including teenage mothers. He shows how this was leading America into a high level of poverty which could be helped through changes in welfare programs and policies. Ronald Reagan greatly impacted modern America by changing welfare and inspiring others to find additional solutions to welfare issues such as

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Political Differences in Policy between the Two Parties Within the Political world, there are many differences in opinion that split the nation into two major parties. These political parties, the republicans and democrats, find different solutions to the problems that the United States faces in today’s world. Two of the these policies that split the parties are climate change and fiscal policy. Both issues are very important to the country, but their are stark contrasts in policy when it comes to the two parties.

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The 1980s were a time when people were in their prime and changes were happening all around. Because of the creation of a new economic policy, supply-side economics, in the 1980s, the modern government’s involvement in the economy evolved into a mix between a free market system with government intervention and regulations that still exists today. Before the 1980s, the economic policy known as Keynesianism was the primary policy used by the government. It was created in the 1930s, by a man named John Maynard Keynes, during the Great Depression, which was a time when unemployment skyrocketed, and many people lost their homes, savings, and businesses. The economy needed major help and therefore the creation of Keynesianism, which advocated for active government intervention to stabilize the economy’s problems and help combat unemployment,

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There’s only an up or down: man’s old --old aged dream, the ultimate in individual freedom consistent with law and order, or down to the ant heap of totalitarianism.” This shows his ethics and the passion he has when he presents his speech. Reagan stated,”Today, 37 cents out of every dollar earned in the country is the tax collector’s share,” He also included,”We’ve raised our debt limit three times in the last twelve months, and now our national debt is one and a half times bigger than all the combined debts of all the nations of the world.” Reagan shows us that he knows about the numbers and logistics of our nation which is logos. Since he knows specific numbers, more people will listen to what he is trying to

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The tax cut and increased defense spending increased the federal deficit. Increased spending for welfare programs and unemployment compensation, both of which were induced by the plunge in real GDP in the early 1980s, contributed to the deficit as well. As deficits continued to rise, they began to dominate discussions of fiscal policy. The events of the 1980s do not suggest that either monetarist or new classical ideas should be abandoned, but those events certainly raised doubts about relying solely on these approaches. Reducing the deficit dominated much of fiscal policy discussion during the 1980s and 1990s.

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