Manifesto 2.0, yo!

1. If a large corporation were to go out of business, causing severe problems of unemployment and greatly disrupting the market, should the federal government subsidize them?
If a large corporation was to go out of business and caused severe problems of unemployment and greatly disrupted the market, then the federal government should subsidize it. There should be requirements to qualify for the aid of the federal government for economic problems. The severity of the situation should be assessed before the government commits to anything. If the collapsing corporation was causing too much damage to the community and economy, then government aid should definitely be considered. Small businesses falling provide for a stable economy and healthy competition and would not require government action.

2. After looking at the 2011 budget (revenues & expenditures), my manifesto leads me to support/criticize it because...

One fact that leads me to criticism is that the total federal spending amount was more than the total revenue amount. The expenditure calendar is not set up to be equal to or less than the amount of money taken in. The government is spending too much in an area. One good fact about the spending chart is that the government is spending the most on medicare, medicaid, social security and defense. It would be safe to assume that most of the revenue goes towards a much needed cause. But there clearly is an area of spending that should not be getting as much percentage of revenue as it is now.

3. In keeping with my manifesto and after watching the movie I.O.U.S.A. explain the debt crisis faced by our nation, I propose the following solution...

The government needs to look over the budget again and see which areas do not need as much spending so that the debt does not keep piling on. Raising taxes to fit the expenditures would hurt the people and the internal economy, and decreasing spending to fit the revenue would kill social programs and benefits. So the only solution would be to find other sources of income for the country to balance out the budget and narrow down the expenditure list to only the necessary items. Instead of cutting essential programs and benefits that would hurt a lot of people when gone, the government should look at the smaller, unnecessary costs that have been overlooked and would make a huge difference when cut from the expenditures list. For example, instead of cutting art programs from public schools, the money used to renovate new public buildings.