Manifesto 2.0, yo!

1. If a large corporation were to go out of business, causing severe problems of unemployment and greatly disrupting the market, should the federal governmental subsidize them?

        My, opinion on this issue is the Government should give some leeway to the large corporation concerning bankruptcy and their employees. Government should have a system in place in the event of a large corporation filing bankruptcy and threating to close or awaiting for a bail by the Government, to subsidize their business. With some limitations as to how much the federal governmental should subsidize. The limitations would apply after the federal governments subsidize the company’s first bailout and then after that the federal government would no longer subsidize the business. If one finds themselves in another default once again during an 80 year span. The reasoning for subsidizing the corporation the first time around and not the second time around, during the 80 year span, lies in the reasoning that if the government continually subsidized businesses at any given moment through continually repairing large corporation errors, this would cause a detrimental effect on the government and the taxpayer; all together it would hurt our economy. Causing the government would have to take more loans out just to subsidize a corporation that continues make mistake. Furthermore it would not teach the company to learn from their mistake, if every time we were there to risqué them. Also, the business would become dependent on the government and the taxpayers money. But, the government should help out the first time around for in a way the government is saying I’m rewording you for getting this far, but do not screw it up again for this is a onetime only thing. This bailout would keep many employees on the clock, not to lose their jobs and possible be on the welfare system thus hurting our economy.  Consequently a bailout will still hurt someone in some way, but it would teach the company a lesson through both ways. 

2. After looking at 2011 budget (revenues/ expenditures), my manifesto leads me to support or criticize it because…..

       After observing the budgets revenues and expenditures of 2011 leads me to criticize the way our money is being disbursed to the public. For our government is taking more in than he is distrusting out, since altogether the government  only spent 2,303 billion dollars allow on revenues  while on expenditures $3,598 billion dollars. To me the math here looks a little off.   

3. In kipping with my manifesto and after watching the movie I.O.U.S.A explain the debt crisis faced by our nation, I propose the fallowing.

        

        The debt crisis has become a tape worm eating away at our economical body till dissipation. If we do not act now then who knows what will become of our country. The economical debt crisis we are facing began back in 1776 and is continuously adding and adding to the pot of destruction.
        Our debt crises budget is made up of three different deficit groups consisting of budget deficits, saving deficits, and trade deficit. Piggy backing to this is the government spending’s which are out of hand, then the people of the United States believe they are entitled to entitlement thus accumulating to our debt crises. With the debt crisis doubling and tripling our nation is falling into an unpredictable state. Furthermore with more and more baby boomer retiring demanding there befits of such as social security, and Medicare. Already our social security is paying more than it can afford. On top of this the baby boomer will double or tripling the amount distributed out. Implying that the younger generation will be lacking in one or all of these services, which should be there for them during their retirement years.  Another thing to consider, this will decreasing the quality of life of our new generation since most of their earning will be dispersed threw taxes for both the older generation and themselves.  Based on the Physical Cliff, debt crises and budget deficits collaborating into one cancerous economical, body of poverty again for the younger generation. Thus raising the prices of Medicare till it’s unaffordable to purchase, possibly eliminating it all together base on not enough money in the system. Consequently people will become more frugal with their money depicting a domino effect on corporation as well. In order for the corporations to stay afloat during these crises they will start lying off their employees, placing a severe burden on our economical system and greatly disrupting life as we know it. Subsequently the trade deficit is importing more than we are exporting, as a result, our country is facing deficit problem.       

        A solution that I would propose in eliminating our debt crisis problem is consisting of a simple step, road to victory. First, slowly begin to pay back our debt to other countries this will be done through our own Government with the sales of revised Governmental Bonds for purchase; again a safety net for the citizens and a way to bring in revenue to the government thus decreasing our dept. Second the Federal Government will then declare a new law stating, that all land is, and only to be purchased by and from our own citizens of the United States rather than other countries of the world. Third, I would put into effect a traveling tax. How this will work, is when other countries travel to the U. S. A, they will be required to pay a tax; based on the purchased of goods and serves. Threw this our revenue will increase.  Fourth, the Federal Government will make Medicare more affordable for the citizen’s. Fifth, we will cap the amount of goods that can be brought in to our countries in a year’s span. This it will force larger corporation to produce more products here, rather than having other country producing our goods for our consumption. Threw this the job market will increase the money will be circulating around in our pockets rather than other counters. Last both corporation’s tax and land owners tax should be abolished instead replaced with a National sales tax.  By fallowing all these steps, I believe over time lower our debt crisis will began to disintegrate.