cather in the rye and rebel without a cause Essays - Public Finance

Who I Would Like To See As President As a teenager in my generation, it is in my opinion that things must change with the economy. The nation is in need of a president who has a balanced budget plan every year, is able to spend money wisely and doesn?t spend as much. A president who can cut taxes is very important also, cutting taxes will help small businesses build on to their businesses and most importantly hire more workers and build other new businesses. Many people are without jobs, leaving families struggling to pay bills, give their children new clothing and other things, and there are many families facing foreclosure on their homes. My father was laid-off about two years ago, and ever since our lives have not been the same. I would give anything to give his job back but first the economy must change, and so must the present administration. The economy has not gotten any better for a while now which worries me. The nation?s people and our present administration has dug a huge ditch that is going to take a very long time to get out of. A president who is serious about changing our ways of spending, has a legit plan to gain money and create businesses is most important. The longer we take to make a change, the harder it is going to be for present and future generations to pay off the debt we have gotten ourselves into. Looking at how much people have been affected by this economy, you could only imagine what it would be like for my children, and grandchildren and even me. President Bush instituted tax cuts for all income earners during his administration. President Obama originally wanted all the tax cuts to expire beginning in 2011. He has since amended that to say that taxes must rise for those making over $250,000 a year. But many of those are small business owners and it will impact them, too. I read that during President Reagan?s administration, from 1980 to 1988, everyone?s taxes were dramatically cut but revenues to the federal government doubled. I found out that because taxes were cut, people had more money to spend, which generated more taxes on items and services sold and that money went to state and federal governments. I think that is the way to build an economy instead of spending billions upon billions as the present administration has done and putting future generations in debt. My father is now back at work but not in his original career field. He has helped me understand that the only dollar bill that doesn?t help everyone is if it is buried under a mattress. If it is spent, or saved in a financial institution, it is in circulation and that helps everybody. Banks are then happy to lend and build the economy. Right now, many business people are concerned about what restrictions will be placed on their businesses and themselves if taxes rise to pay-off the debt we have gotten ourselves into. We need a president who wants to cut taxes and build private businesses so jobs are created. Government jobs are necessary, no one is arguing against that, but this country was built on capitalism, on private enterprise.