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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1313 |
Essay's paper body
If the funds were given only to the citizens of the lower rungs of the socioeconomic scale, they would have spent more money, saved less, and stimulated the economy.
As a result of reduced taxes and a misappropriated tax stimulus, our United States government was forced to increase the national debt by borrowing more money from foreigners...
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This resulted in the highest debt in the history of the United States and a very hefty IOU. Also, the economy can not afford a reduction in assistance of government programs, so this is clearly not an option at this point. Therefore, the only option is to continue to borrow, even if we do not have the financial power to repay our debtors...
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General points of the essay
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