In todays society we are facing many different issues as a country. While the 2012 election is taking place, the people of the United States are trying to decide whether myself, or our current president Barack Obama should serve the people as the president of the United States for the next four years. Both President Barack Obama and myself have different ideas of what may be best for the United States. Our differing opinions are what pull the citizens to support President Obama and I. One of the main concerns we are dealing with in our country today is the deficit. Government deficit is the difference between the government receipts and spending in a single year. (Public deficit by country| Global Finance) A deficit occurs when the payments of a government exceed the revenues collected by the government. . (Public deficit by country| Global Finance) It is usually presented as a percent of gross domestic product (GDP). In the United States in particular it was recorded in 2011 that the percent deficit was -9.4%. . (Public deficit by country| Global Finance) On this past Sunday, October fourteenth the government closed the books with a $1.1 trillion deficit for the year. This required burrowing thirty-two cents for every dollar it spent. These facts go to show how much trouble we are facing today, but I firmly believe with my ideas we can fix this issue at hand.
In February 2009, President Obama made a commitment on cutting the deficit he inherited in half by the end of his first term in office. (Statesman Journal) President Obama’s plan also involves spending cuts and tax increases. The tax increases would be burden primarily on upper income earning families. Obama’s plan does not currently involve reducing the role of government assistance through Medicare, Medicaid, and Social Security. These programs account for close to forty percent of federal spending. (The New York Times)
In contrast to my opponents view, I plan to balance the annual budget in eight to ten years. This involves a complete balance rather than a reduction, which is mapped out in Obama’s plan. Another way I plan to reduce the deficit is through encouraging economic growth by shrinking the government. By implanting more private sector competition against programs like Medicare, and Medicaid the governments cost will significantly reduce. (New York Times)
Obama’s commitment in 2009 to cut the deficit he inherited in half by the end of his first term in office has completely fallen short. Rather than cutting the deficit Obama has instead increased the deficit by almost double. (The Statesman Journal) Obama’s plan to decrease the deficit without reducing government aid may seem like a great idea on paper, but it is largely unrealistic. The three government programs of Medicare, Medicaid, and Social Security make up forty percent of government spending. In ten years, it is projected that these programs will grow to fifty percent of the governments spending. (Test for Obama as Deficit Stays Over $1 Trillion." The New York Times) It is clear that this is a problem that shows great signs of worsening in the future. That is why it is imperative to begin the process of adding private sector competition now. Obama’s idea to decrease the deficit by increasing taxes on upper income families is unjust. I feel it is unfair that citizens that earn higher wages are forced to pay more simply because of their salary. Often times the reason that these individuals have more money, is because they worked that much harder in order to earn the higher salary. In regards to the deficit my plan is better because it puts the primary focus on balance. Rather that reducing the deficit, and leaving trillions of more work remaining, I want to bring us back to square one where we should consistently be operating from. My plan is also realistic. I understand that privatization is needed in order to reduce spending, and who better to work with the private sector than myself. I know what it takes to be successful in that area of business through years of experience.
I truly believe that my plan in dealing with the deficit is correct, necessary, and ready to be put into action. I hope that my ideas and plans have stuck with voters and you see that I am right for this job. As President I look forward to serving the citizens of the greatest country in the world.
Works Cited Calmes, Jackie. "Test for Obama as Deficit Stays Over $1 Trillion." The New York Times, n.d. Web. 25 Sept. 2012.
"Debate Fact Check: Deficit, China, Jobs and More." Statesman Journal. N.p., n.d. Web. 17 Oct. 2012. head
In todays society we are facing many different issues as a country. While the 2012 election is taking place, the people of the United States are trying to decide whether myself, or our current president Barack Obama should serve the people as the president of the United States for the next four years. Both President Barack Obama and myself have different ideas of what may be best for the United States. Our differing opinions are what pull the citizens to support President Obama and I. One of the main concerns we are dealing with in our country today is the deficit. Government deficit is the difference between the government receipts and spending in a single year. (Public deficit by country| Global Finance) A deficit occurs when the payments of a government exceed the revenues collected by the government. . (Public deficit by country| Global Finance) It is usually presented as a percent of gross domestic product (GDP). In the United States in particular it was recorded in 2011 that the percent deficit was -9.4%. . (Public deficit by country| Global Finance) On this past Sunday, October fourteenth the government closed the books with a $1.1 trillion deficit for the year. This required burrowing thirty-two cents for every dollar it spent. These facts go to show how much trouble we are facing today, but I firmly believe with my ideas we can fix this issue at hand.
In February 2009, President Obama made a commitment on cutting the deficit he inherited in half by the end of his first term in office. (Statesman Journal) President Obama’s plan also involves spending cuts and tax increases. The tax increases would be burden primarily on upper income earning families. Obama’s plan does not currently involve reducing the role of government assistance through Medicare, Medicaid, and Social Security. These programs account for close to forty percent of federal spending. (The New York Times)
In contrast to my opponents view, I plan to balance the annual budget in eight to ten years. This involves a complete balance rather than a reduction, which is mapped out in Obama’s plan. Another way I plan to reduce the deficit is through encouraging economic growth by shrinking the government. By implanting more private sector competition against programs like Medicare, and Medicaid the governments cost will significantly reduce. (New York Times)
Obama’s commitment in 2009 to cut the deficit he inherited in half by the end of his first term in office has completely fallen short. Rather than cutting the deficit Obama has instead increased the deficit by almost double. (The Statesman Journal) Obama’s plan to decrease the deficit without reducing government aid may seem like a great idea on paper, but it is largely unrealistic. The three government programs of Medicare, Medicaid, and Social Security make up forty percent of government spending. In ten years, it is projected that these programs will grow to fifty percent of the governments spending. (Test for Obama as Deficit Stays Over $1 Trillion." The New York Times) It is clear that this is a problem that shows great signs of worsening in the future. That is why it is imperative to begin the process of adding private sector competition now. Obama’s idea to decrease the deficit by increasing taxes on upper income families is unjust. I feel it is unfair that citizens that earn higher wages are forced to pay more simply because of their salary. Often times the reason that these individuals have more money, is because they worked that much harder in order to earn the higher salary. In regards to the deficit my plan is better because it puts the primary focus on balance. Rather that reducing the deficit, and leaving trillions of more work remaining, I want to bring us back to square one where we should consistently be operating from. My plan is also realistic. I understand that privatization is needed in order to reduce spending, and who better to work with the private sector than myself. I know what it takes to be successful in that area of business through years of experience.
I truly believe that my plan in dealing with the deficit is correct, necessary, and ready to be put into action. I hope that my ideas and plans have stuck with voters and you see that I am right for this job. As President I look forward to serving the citizens of the greatest country in the world.
Works Cited
Calmes, Jackie. "Test for Obama as Deficit Stays Over $1 Trillion." The New York Times, n.d. Web. 25 Sept. 2012.
"Debate Fact Check: Deficit, China, Jobs and More." Statesman Journal. N.p., n.d. Web. 17 Oct. 2012. head
"How Does President Obama Plan to Fix the Federal Deficit?" HowStuffWorks. N.p., n.d. Web. 17 Oct. 2012. http://money.howstuffworks.com/obama-reduce-deficit.htm
"Public Deficit by Country | Global Finance." Public Deficit by Country | Global Finance.N.p., n.d. Web. 17 Oct. 2012.
http://www.gfmag.com/tools/global-database/economic-data/10395-public-deficit-by-country.html.