Economics vs The Future

Political Animal readers continue to stick it to “Fix the Debt”
By Samuel Knight

The Great Depression of 1929; this is a topic that we are all familiar with. Millions of shares of stocks were sold in one day, but within just a few days prices fell. This was the start of what is known as the stock market crash of 1929. Many lost their jobs due to this crash, which in turn destroyed the economy. On top of this crash, severe droughts caused farmers to lose their farms, resulting in major food shortages that brought starvation. Countless of lives were lost and many were forced to leave their homes in order to find a better location to sustain their families.

Although our economy has improved over the decades, we still face the possibility of a major economic meltdown. Prices on gas, food, and our everyday necessities are rising on a daily basis, while our paychecks seem to get smaller and smaller. "You say let's cut tax rates so our economy can grow, but we tried that, and all it did was stifle and slow it", said Priscilla Bremser. The Government has been attempting to cut tax rates to provide a better standard of living for citizens of what many dream about as the "Land of Opportunity". On the contrary, this attempt caused many to lose trust in the government because all that they have done is make our lives harder. The Fiscal Cliff, for example, increased tax on a worker by 2%. Where is all of our hard earned money going? And Guess what? According to The Concord Coalition, national debt is projected to increase in the next few decades. When will we see improvements? Is this an environment that we want to raise a family in?

Many of us work hard to put food on the table and make use of overtime pay just to be able to live pay check to pay check. This blog shows the importance in keeping our economy healthy, so to speak. It is important to improve our economy rather than destroy it. A repeat of the Great Depression would be devastating. It would eventually make the country weak, raising the possibility of war. Raising a family in a poor economy causes heavy burden. With the decline in our economy there would be an increase in abortion, many abandoned children, and unemployment rates would skyrocket, redefining the meaning of what we presume to be normal. If our economy continues to worsen, then a life in the United States would become a nightmare rather than a dream. I believe that a powerful nation should maintain a strong economy, great military support, and the will to improve the lives of the people. For we are born to live a meaningful life, not a life of despair. The economy is in need of a change; a change to improve our future.