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Big vs Small Govt - College Essays

Big vs Small Govt

Bigger government or smaller government? That is a question many Americans seem to be pondering upon. Which one is better? Which one works? What are the pros and cons of each? What kind of government is more beneficial to myself and society? Although all of these are valid questions, the bigger picture is not whether big or small government is better, but rather how much power and control should they have in our lives.

While many Americans would love a small government as opposed to a big government, in reality, America needs both. During the collapse of our U.S economy, many businesses, corporations, and markets have been bailed out with taxpayer money. Fannie Mae, Freddie Mac, AIG, ...

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was very crucial. According to News One, the bailouts saved 1,000,000 jobs. Not only that, but Chrysler, GM and also Ford were operating under profit this year. (Rowland, 1). The other bailout, AIG, has a plan in place that will pay back the government and the taxpayers. The United States treasury will buy AIG stock and then sell those shares over time. (CBN.com, 1). If AIG had not been bailed out, it would have gone under like Lehman Brothers, and could have caused other companies to falter as well.

The other so-called bailout was the housing market. The federal government had to come in and save those that could no longer afford their homes. The continued increase in foreclosures across the nation was causing a downard pressure on housing values and preventing the economy from recovering quickly. (Gregory, 2). President Obama's bailout plan, Home Affordable Modification or HAMP, would reduce interest rates to as low as to 2%. The loan terms would be extended up to 40 years. ...

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PAPER DETAILS

Added: 3/10/2011 07:49:56 PM
Submitted By: jack3d
Category: Government
Type: Premium Paper
Words: 1075
Pages: 4

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