Поиск

Полнотекстовый поиск:
Где искать:
везде
только в названии
только в тексте
Выводить:
описание
слова в тексте
только заголовок

Рекомендуем ознакомиться

Остальные работы->Реферат
As a child Alfred received little formal training or schooling. He did possess a highly retentive memory and particularly enjoyed listening to the cou...полностью>>
Остальные работы->Реферат
Pulse and breathing rates, muscle contractions, etc. Love cannot be charted or measured. Anger and fear have a definite roll in human survival: fighti...полностью>>
Остальные работы->Реферат
A & P is a story about a young man, about 19, named Sammy, who is a cashier at a local supermarket. His supporting characters are: Lengel, who is the ...полностью>>
Остальные работы->Реферат
In Geoffrey Chaucer?s The Canterbury Tales, ?The Friar?s Tale? supports the Friar?s persona outlined in the opening prologue. The tale told bye the Fr...полностью>>

Главная > Реферат >Остальные работы

Сохрани ссылку в одной из сетей:

The Theory Behind Reaganomics Essay, Research Paper

The theory behind Reaganomics was sound, but when applied in real life its consequences are still present more than ten years after the fact. The tax cuts applied early in Reagan’s first term cemented the ideology for what the next eight years of his reign would uphold. The Economic Recovery Tax Act would cut taxes roughly twenty five percent over a three-year period. The ideology of Reagan’s administration quickly received supporters of what he was doing. Entailed in these tax cuts were reductions in welfare programs which was also a popular idea amongst Reaganites. But what is puzzling is that David Stockman held a large portion of the truth of these tax cuts from Reagan and the public.

What would occur with the ERTA was a substantial deficit. This deficit was not the intent of Reagan. Reagan’s intent was that the tax cuts would allow the public to have more money. This additional money which would have otherwise been spent on taxes was supposed to be put back in the economy by the people. The ability of people to now spend more on homes, cars and other goods would boost the prosperity of the economy. But Stockman had a theory of his own. He saw that this deficit would force Congress to make cuts of its own on social programs. Stockman with held this information from the public and from Reagan so that when Congress would reallocate funding, it would avoid giving it to social programs.

Stockman’s theory does not make sense with the political views of the time. If Reagan and the public were in favor of cutbacks on the welfare system, why would Stockman with hold this information from a population who was in favor of the result? Stockman was an intelligent man who for some time worked in the House of Representatives and had connections to many people in Washington. He served as the budget director for the Reagan Administration. As budget director, his intentions were to acquire a balanced budget by the next term.

Although Stockman’s intentions for a balanced budget were good, what he did betrayed Reagan and the public. He never had the authority to with hold such pertinent information. If his intents were to maintain a balanced budget, why would he devise a plan for such high tax cuts which would create the most unbalance budget our economy has seen. It seems as if this overly intelligent scholar was attempting to achieve a task that was way out of his power to do so.

Later on Stockman revealed his secret to journalist William Greider. By him doing so after the fact, and owning up to his wrongdoing is in no way redeeming. It reminds me of when Robert S. MacNamara claimed that in retrospect he was wrong in sending all of those troops to fight in Vietnam. Although the results of Stockman’s actions did not cause the death of thousands of young men and women, he in a sense did the same thing by claiming he was wrong after the fact.

The deficit caused by the Reagan Era is still present and is a concern to our economy. However, the eighties was a time when the majority of America lived the high life, and when the poor suffered the consequences. But in politics there will always be a group that will feel the burden of some one else’s pleasure. Now, the welfare state is adequately funded, and those who lost the government aid that they relied on during Reaganomics are once again receiving what they need.


Загрузить файл

Похожие страницы:

  1. Reaganomics Essay Research Paper ReaganomicsOn February

    Реферат >> Остальные работы
    Reaganomics Essay, Research Paper Reaganomics On February 23, ... maximizes tax revenues (Bondi 1782). The term supply-side economics ... it to the trickle down theory, which gave the idea that, ... developed much of the technical analysis behind supply-side economics ...
  2. Reaganomics Essay Research Paper ReganomicsThe election of

    Реферат >> Остальные работы
    Reaganomics Essay, Research Paper Reganomics The election of the Regan-Bush Republican ticket of ... with extreme Kenseyan theories were the guide to the basic principles of ... Another notion behind Reganomics was the Laffer Curve, which conveyed the idea that ...
  3. Reaganomics And SupplySide Economics Essay Research Paper

    Реферат >> Остальные работы
    ... would also increase tax revenues. The theory behind this was that if taxes ... in the 1980 s questioned the effectiveness of Reagan s policies, also known as Reaganomics ... Reagan. He has developed the idea that Reaganomics was a failure in that ...
  4. Government Intervention Essay Research Paper Government Intervention

    Реферат >> Остальные работы
    Government Intervention Essay, Research Paper Government Intervention: A Time and A Place The twentieth century ... . John Maynard Keynes, the man behind Keynesian economics, introduced this ... than help it. The two economic theories of Reaganomics and Demand Side ...
  5. Macroeconomic Policy Essay Research Paper Economic Policy

    Реферат >> Остальные работы
    ... Policy Essay, Research Paper Economic Policy in Recent U.S. History In the highly ... The guiding forces behind these events were the economic policies, and the ideologies behind ... the spectrum to the other. The trend of economic theories completely overriding the ...

Хочу больше похожих работ...

Generated in 0.0016050338745117