In his article "Trade-Offs in the Stimulus Package" featured on CQPolitics.com, Madison Powers writes about the balance that is trying to be found within the new stimulus package. The first balance is between efficiency and equity, efficiency being defined as "bang per bug" in terms of economic activity, and equity as long-term stability and growth. I believe that while we obviously need to do something *now*, we shouldn't be so hasty as to neglect the long-term while trying to fix things right this instant. We need more speed and less haste when dealing with this problem.
The second issue discussed is the balance between large infrastructure projects and other smaller projects. Some view infrastructure as the only viable way to invest stimulus money because of its efficiency. While infrastructure should be a part of any stimulus package, it is very apparent the view that we should stick to the old way of thinking about economic recovery is narrowminded and out of date. Sticking to the old ways is one of the reasons we got here in the first place, following Reagan's ideas of deregulation and market selfmanagment. Powers suggests that spending smaller amounts of money on smaller more numerous projects could have a greater overall impact on our economy's recovery. Investing in state budgets keeps local jobs intact and helps the people at the bottom of the ladder by saving unemployment and food stamps.
While this may not be the answer we need, as if one answer could solve such a complicated problem, it is a step towards changing the way we think about the economy. New ideas are what will save our economy in the short and long term.
Sunday, February 15, 2009
Assignment #3 T Parrish
The article "Trade-off in the Stimulus Package", was written by Madison Powers was in the CQ Today. This article is written to explain the need for balance in the current economic stimulus plan. To ensure we that we make fair trade-offs for our money spent, and that these trade-offs are going to provide long term result. It was written to the American people to help them realize some of the things going on behind closed doors.
I think is article makes some very good points, about how we need to realize what kinds of trade-offs we are making. There is only a certain level we can short term invest into fixing this deal, there is down the road to look forward to. We have to ensure that we balance now and the future in these deals. And also realize that pride and party lines have to be demolished for the good of the American people.
I think is article makes some very good points, about how we need to realize what kinds of trade-offs we are making. There is only a certain level we can short term invest into fixing this deal, there is down the road to look forward to. We have to ensure that we balance now and the future in these deals. And also realize that pride and party lines have to be demolished for the good of the American people.
Article # 3, T Beasley
This article, "Trade-offs in the Stimulus Package", by Madison Powers appears on CQ Politics and addresses the American public. The basic idea of the article is the effect and efficiency of the new stimulus package currently in debate. The article makes a good point to me; we do expect and deserve "the most bang for the buck".
I think it makes sense to spread the money out to numerous needs and projects, but there definitely needs to be accountability for where it goes. The author makes another good point that state budgets would be a good choice to start with, as well as education, and "basic local services". This saves jobs and helps the taxpayers in key areas that are important to almost everyone.
Maybe it is a good idea to "think small" to make a huge impact on the economy. The last stimulus went to big business and it doesn't appear to have had the impact the economy needed and certainly didn't have the accountability it needed.
I think it makes sense to spread the money out to numerous needs and projects, but there definitely needs to be accountability for where it goes. The author makes another good point that state budgets would be a good choice to start with, as well as education, and "basic local services". This saves jobs and helps the taxpayers in key areas that are important to almost everyone.
Maybe it is a good idea to "think small" to make a huge impact on the economy. The last stimulus went to big business and it doesn't appear to have had the impact the economy needed and certainly didn't have the accountability it needed.
Assignment#3 B.Adams
The article "Trade-off in the Stmulus Package", by Madison Powers, was in the CQ Politics on February 4, 2009. Madison Powers states that there are pros and cons of the stimulus package, but deciding what is best is the question at hand right now. She is basically saying that we need to figure out how and what the money is going to be used for. Basically the government needs to figure out a way to spend the money that benefits in the long run, but at the same time focus on the big picture at hand. Sure we all can say that we need the money, but does it really help us out in the long run. I think the best way to spend the money is to do what is best to focus on what we need as a whole, to get of the slump that we're in. Again saying, how do we spend the money the most efficiently to where it benefits everyone.
Madison Powers makes it cleat that we need to come up with a system that we know where the money is spent the best way.In conclusion, the government should look at the entire economy, and go step-by-step piece-by-piece looking at the best way to go about doing what is best for everyone.
Madison Powers makes it cleat that we need to come up with a system that we know where the money is spent the best way.In conclusion, the government should look at the entire economy, and go step-by-step piece-by-piece looking at the best way to go about doing what is best for everyone.
Assignment #3 J Miller
Madison Powers' article "Trade-Offs in the Stimulus Package" posted in CQ Today was written to inform America's people why there are so many debates over the stimulus package. First off the stimulus package isn't going to save our economic crisis but if organized properly can help redirect our downfall.
The two biggest debates that have been holding the stimulus package up, one being goals of efficiency and ideals of equity and the second is strike and balance between infrastructure and other activities that can stimulate economic growth. We're looking at a package that's going to cost nearly $1 trillion, so why not maximize the efficiency and make sure that it is spent wisely so it will help out the economy but the people as well. While our safety nets are unraveling faster they can't afford to make the same mistake like last year by putting the stimulus money in the American hands. Politicians and economists need to make sure that the money is disbursed and spread equally trying to fill holes in several places instead of just a couple places.
Even though as Americans we have big dreams maybe we need to step back a little and think about fixing smaller problems first that can eventually spark up new growth but if not taken care of could become bigger problems in the future.
The two biggest debates that have been holding the stimulus package up, one being goals of efficiency and ideals of equity and the second is strike and balance between infrastructure and other activities that can stimulate economic growth. We're looking at a package that's going to cost nearly $1 trillion, so why not maximize the efficiency and make sure that it is spent wisely so it will help out the economy but the people as well. While our safety nets are unraveling faster they can't afford to make the same mistake like last year by putting the stimulus money in the American hands. Politicians and economists need to make sure that the money is disbursed and spread equally trying to fill holes in several places instead of just a couple places.
Even though as Americans we have big dreams maybe we need to step back a little and think about fixing smaller problems first that can eventually spark up new growth but if not taken care of could become bigger problems in the future.
Assignment # 3 S.Suarez
The article "Trade-off in the Stimulus Package" by Madison Powers appeared in CQ today and was directed toward the american people. It was created to inform all of the american people about the collapsing economy and how this stimulus might help save it.
For weeks now The governemnt and president Obama have been talking about how this stimulus package will help revive the troubling economy and help us out of the mess that we are in. This article talks about all the pros and cons of the stimulus package and i kind of agree with it. The stimulus package is both a good and bad idea for the economy, on the pro side it will help out the american people by giving them a few extra tax dollars to spend on businesses and in the economy, but on the other hand it also doesn't help that they are not spending some money on some of the things that should be spent on. I feel that they should put the stimulus money to good use such as helping out the education system and puting it toward small busineses in order to help out in this time of need and create some more jobs. If you give the people back a few extra dollars they are probably not going to put it towards very good use. That's why we should also use the money towards something useful such as creating more jobs.
In conclusion, The government should not spend all of the money on one big thing as a whole. if we are going to spend that kind of money, then we should work on spending it towards useful things. They should also not view this problem as one big fix, the government should use the money towards all of the little problems because in the end a quick fix isn't always the right way. If we were to focus our attention towards smaller parts then it would be beter for the country in the long run.
For weeks now The governemnt and president Obama have been talking about how this stimulus package will help revive the troubling economy and help us out of the mess that we are in. This article talks about all the pros and cons of the stimulus package and i kind of agree with it. The stimulus package is both a good and bad idea for the economy, on the pro side it will help out the american people by giving them a few extra tax dollars to spend on businesses and in the economy, but on the other hand it also doesn't help that they are not spending some money on some of the things that should be spent on. I feel that they should put the stimulus money to good use such as helping out the education system and puting it toward small busineses in order to help out in this time of need and create some more jobs. If you give the people back a few extra dollars they are probably not going to put it towards very good use. That's why we should also use the money towards something useful such as creating more jobs.
In conclusion, The government should not spend all of the money on one big thing as a whole. if we are going to spend that kind of money, then we should work on spending it towards useful things. They should also not view this problem as one big fix, the government should use the money towards all of the little problems because in the end a quick fix isn't always the right way. If we were to focus our attention towards smaller parts then it would be beter for the country in the long run.
assignment # 3 Mperez
The article is "Trade-off in the Stimulus Package" by Madison Powers, came out in the CQ politics Feb,4 2009. She is telling the readers about the Stimulus package, what its going to do for the country and how the stimulus may help save the country. It also gives to cons and pons about the package. I think that the stimulus will only make things worse because the first stimulus package didn’t go so well. But we just have to believe in our president to make things better or make thing worse, who knows we will see in the end what happens to the country. Madison Powers also says in the article that spending nearly $1 trillion dollars in small sectors will hopefully ensure long-term economic stability instead of a quick fix for the years to come. We need to focus more on the smaller things rather then everything as a whole. I do think that the government needs to designs a system of checks and balances that will keep the population confident that this money doesn’t go to waste and will be used for good use.
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