Fiscal Policy
Typical Republican behavior in the realm of public finance has been to call for a "balanced budget" where expenditures do not exceed revenue and a smaller government. Typical Democratic behavior has called for more governmental expenditures to do things that governments are better able to do. The result has been very few budget surpluses and more than a few years when there was a deficit and in some of those years really big deficits like the years from 2009 to 2013 when the unemployment rate was high and many folks had dropped out of the labor market entirely.
The current labor force is approximately 161,000,000 and the unemployment rate is 4.1%, while at the depth of the last recession(2009) the labor force was smaller (153,000,000), the unemployment rate was about 10%(15,300,000). The Federal Budget deficit is smaller, but still large and no where near running a surplus. Things are much better than they were in October 2009. On a related front should we as a country be sending folks back to Haiti and Nicaragua and building walls to restrict immigration while some industries are crying for labor where there are shortages of workers.
Income inequality is still very high and wealth inequality is even higher.
Is this a good time to increase the National Debt. Where are those folks that are worried about the next generation paying off that debt.
If the planned for growth does not happen, what is the back up plan?
Senators McCain, Corker, and others have asked or hearing to explain and debate what this new tax reform will accomplish but they were rebuffed.
Not very democratic and very possibly not much tax reform either.
The current labor force is approximately 161,000,000 and the unemployment rate is 4.1%, while at the depth of the last recession(2009) the labor force was smaller (153,000,000), the unemployment rate was about 10%(15,300,000). The Federal Budget deficit is smaller, but still large and no where near running a surplus. Things are much better than they were in October 2009. On a related front should we as a country be sending folks back to Haiti and Nicaragua and building walls to restrict immigration while some industries are crying for labor where there are shortages of workers.
Income inequality is still very high and wealth inequality is even higher.
Is this a good time to increase the National Debt. Where are those folks that are worried about the next generation paying off that debt.
If the planned for growth does not happen, what is the back up plan?
Senators McCain, Corker, and others have asked or hearing to explain and debate what this new tax reform will accomplish but they were rebuffed.
Not very democratic and very possibly not much tax reform either.
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