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Essay / Research Paper Abstract
This is a 3 page paper that provides an overview of funding for social programs. The argument is presented that inflated funding has only been made necessary by supply side investments into private enterprise. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: KW60_KFindeco.doc
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Unformatted sample text from the term paper:
trumpeting the obvious success of American capitalism over international Communism. However, as the 21st century has dawned, it has become increasingly clear that the force of capitalism has mutated into
something fundamentally different from its original incarnation. The country has subsisted since the late 19th century on the concept of "supply-side economics", the notion that by investing federal capital into
the largest corporations, wealth will "trickle down" from the CEOs running this company to the American people as a whole through the dual force of the creation of jobs and
the general stimulation of economic flow and trade. Throughout the 1980s, such a concept was easy to support, but with virtually every market from technology to housing crashing, it seems
as if this approach was misguided. Moreover, the disparity between the countrys richest and poorest is at an all-time high, forcing increased expenditures into social programs that places an even
greater burden upon the nations already burgeoning debt crisis. Nevertheless, there are some proponents of the free market that believe the current economic crisis can be undone through cutting funding
to these social programs and diverting it back into private enterprise. This paragraph helps the student explore the nature of the debt crisis. To be sure, the United States economy
is currently locked in a major predicament. The government continues adding to its financial obligations in spite of immense debt; just this month, the government promised 5.3 trillion dollars in
new obligations, increasing the governments total liabilities to some 61.6 trillion dollars (Cauchon, 2011). The prevailing trend is that the United States national debt is "on a trajectory to reach
185% of [the nations] gross domestic product by 2035 unless there is a drastic change in federal fiscal policy" (Penner, 2011). In light of such realities, it seems easy to
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