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Pensions and Spending Cuts

Politicians are rather well off; they take other people’s money and risk very little except their jobs. When politicians want to be re-elected they start a campaign. Obviously the politician needs money to do this, spending money will win the recipient votes, but raising taxes to pay for this spending will lose votes.  Fortunately pensions offer away out of this problem.

Thomas Sowell a journalist describes the politician’s management of pensions as “Creating pensions that offer generous retirement benefits wins votes in the present by promising spending in the future”. In the past someone’s word meant everything, now days it does not have the same significance. Sure the government will have to pay them back, but when and with what money? The promise of something does not cost anything for a while and that’s what happens the politicians make promises, but after a while they retire and it is someone else’s problem. This means that very shortly many pensions will need to be paid and there is not enough money in reserve to pay them back.

One might say that to get this money the government can cut military spending. This could have great benefits, but I know history has a similar story. In the 1930’s, FDR cut on military expenses. In the beginning of WWII the U.S. had the 16th largest military in the world. Even for a small military it was still inadequately supplied and trained. Many soldiers in the Philippines fought with guns from the Spanish-American war. Even the grenades issued somewhat worked, some of them were so old that they didn’t explode when through. The U.S. has one of the best armies in the world and maybe cutting funding to the military is very prosperous, but if there is a war the U.S. will suffer. However, because we live in a nuclear era maybe we could cut the military and not have any consequences due to M.A.D. (mutually assured destruction).

Personally I think that cutting the military might not be a bad idea, but it defiantly is not my first choice. There are other places that the government fund that should be cut such as un-important statistics like the one in California that they somehow concluded that there is a direct link from eating ice cream and drowning’s. This is a very clear false statistic and the government should not have funded this.

In my government class we have been talking about the economy and how it can be improved. We have even done a project on this and had to present the idea.  Spending cuts were a few ideas, but only a few thought that cutting military funding was a good idea. Based on what I have learned in this class, I have learned to keep an open mind to everyone’s opinion. I am staring to understand how much influence the president has and how he should use it properly.  I have learned how politicians work and some of their tricks. The pensions above clearly state one of the tricks they hold. However, the more I look into the way politics work, the more I am saddened that they only seem to look out for themselves. Instead of doing their job and doing what’s best for the country. One thing is clear, the future is uncertain and anything could happen.

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  1. govthomasn
    February 22, 2013 at 12:42 pm

    I would read over and spell check another time, like ‘staring’ to starting and ‘away’ to a way. And id like to see more ideas on what to cut back on and what agencies are just a waste of money.

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