Friday, March 16, 2012
Congress and the Budget Process
My mom is an accountant, she works as senior supervising clerk for FIS, formerly Metavante. I often see her working late at night on our budget for my family of 6. She complains often on how difficult it is to manage our family's financial statements, our taxes etc, and she's a professional. Now imagine putting that to the entire nation of well over 300 million people? That is what our politicians crafting our budget are doing. As I experienced in the game there are thousands of combinations of cutting and expanding that all are working towards our goal of diminishing our national debt and increasing the GDP. Sometimes as I learned you have to spend in order to earn to improve our economy, like when I spent to improve funding for disadvantaged children and to make college more affordable in my simulation. Being very interested in education, I want to be a college professor, and have wanted to be my whole life pretty much I feel that is one way we boost our economy by improving the education of the next generation. However, obviously you have to make cuts, like military cuts, science, space exploration cuts, medicare, health care, and social security. As difficult as it is, I can see how raising the age of social security and medicare benefits for all by a couple years could potentially have a positive impact on our economy, while at the same time upsetting millions of Americans, likewise drilling for oil, or mining can create jobs and improve our GDP. All of these decisions are what go into our national budget, and I found out that it's the perfect combinations of spending and cutting that can create a positive effect.
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