DQ 4

DQ 4 responses

1.

 

Re: Module 4 DQ 1

Based on you post I want you to know I think it was great that you were able to see the article for what it was. Most students who read this article assume that it is non-political and objective. The reality is the arguments posed in the article have been around for decades - nothing new. Do you think this is an objective article?

Prof Smith

2. The Heritage Foundation (2010) states that entitlement spending must be reined in for multiple reasons such as higher spending, lack of budget control, doubling taxes, new revenue leads to new spending, and mortgaging our future. Higher spending, without reforms these programs will double the federal spending. (Heritage Foundation, 2010) I agree with this because we need reforms in order to keep all the programs on the right track and make changes if needed. Lack of budget control, the United States doesn’t subject these programs to real budget and budget control. (Heritage Foundation, 2010) I agree with this as well because if we do not have a budget for these programs they will send the nation to bankruptcy. Doubling taxes, raising taxes to pay for these uncontrolled promises is not an option and to do so congress would have to double federal income tax rates on the next generation and continue to raise taxes in order to keep up. (Heritage Foundation, 2010) I agree with this as well for the obvious reasons of not wanting to have federal taxes raised. New revenue leads to new spending. I don’t agree with this one being a factor of why the entitlements would lead to bankruptcy. (Heritage Foundation, 2010) I think that if we can budget and control the entitlements properly then new revenue won’t lead to new spending and the new revenue can be used for other matters. Mortgaging our future, in order to cover the cost of these entitlements the United States would have to take out the equivalent of a mortgage of $63 trillion to cover future cost, which will cause each person’s share of that hidden mortgage to exceed $200,000. (Heritage Foundation, 2010) I don’t agree with this either. If handled correctly we can make the entitlements better and keep them as they benefit every American.

References

Heritage Foundation. (2010). The entitlement crisis. Retrieved from http://thf_media.s3.amazonaws.com/2010/pdf/Solutions_3.pdf