Our Economic Woes and
Their Cure
Our greatest
economic woe is that not many people around the world are buying our goods like
they were before 2008. The reason is that there is large-scale unemployment in
most places. This coupled with a large amount of debt, carried by governments,
pension funds, and individuals, have left people and governments searching for
solutions.
For individuals
and families, financial austerity is the answer, but all too many governments
around the world are applying this same logic by cutting services to their
citizens. What does austerity accomplish in my country, the USA? Cutting back
on our massive defense spending would be a big help if we used the money saved
to keep our k12 school systems and public colleges adequately funded. If,
instead, we layoff teachers, increase class size, and raise tuition at local
colleges, it would be a crime if we do it in order to maintain our massive
defense spending.
Another solution
offered is to reduce federal and local debt by raising taxes on the wealthy.
While some of the wealthy understand the need, others say that they are the job
creators and raising their taxes will kill jobs. So far, I haven’t seen these
job creators create jobs. President Obama has tried several stimulus plans to
get these job creators moving, but, with one exception, no one will create jobs
until they see customers. That exception is the federal government.
Businesses will
not create jobs until they see customers. They won’t see enough customers until
unemployment is reduced. This is a problem without a solution unless the
federal government steps in and creates jobs. We all know that our
infrastructure needs a makeover. Now, at a time when our government can borrow
at 1.6% on a 10 year loan, we should put aside our debt fears and do a job that
needs to be done. This will create jobs, then customers, then the expansion of
other businesses, and finally greater tax revenue to pay off the debt.
This cure not
new. After over a decade of limping along after the great depression,
prosperity returned when the government had to tool up for WW2. I hope we can
be smarter now by avoiding the war that some of our politicians are aching for,
and instead replace our ailing infrastructure with new, innovative solutions.
Some projects can be: installing fiber optic cables in all cities, building a
countrywide high-speed rail system, reworking our electric grid, subsidizing
green industries, etc. True some existing industries will suffer, but just like
the buggy-whip makers of old, they will have to find ways to adapt to the
changes or fade out of existence.
Sentence Description
1.
Our
greatest economic woe is that not many people around the world are buying our
goods like they were before 2008 (Present Continuous)
2.
The reason is that there is large-scale
unemployment in most places. (Simple Present)
3.
This coupled with a large amount of debt,
carried by governments, pension funds, and individuals, have left people and
governments searching for solutions. (Past Continuous)
4.
For individuals and families, financial
austerity is the answer, but all too many governments around the world are
applying this same logic by cutting services to their citizens. (Present
Continuous)
5.
What does austerity accomplish in my country,
the USA? (Simple Present)
6.
Cutting back on our massive defense spending
would be a big help if we used the money saved to keep our k12 school systems
and public colleges adequately funded. (Present Continuous)
7.
If, instead, we layoff teachers, increase class
size, and raise tuition at local colleges, it would be a crime if we do it in
order to maintain our massive defense spending. (Simple Present)
8.
Another solution offered is to reduce federal
and local debt by raising taxes on the wealthy. (Present Continuous)
9.
While some of the wealthy understand the need,
others say that they are the job creators and raising their taxes will kill
jobs. (Present Contiuous)
10.
So far, I haven’t seen these job creators create
jobs. (Present Perfect)
11.
President Obama has tried several stimulus plans
to get these job creators moving, but, with one exception, no one will create
jobs until they see customers. (Present Perfect)
12.
That exception is the federal government.
(Simple Present)
13.
Businesses will not create jobs until they see
customers. (Simple Future)
14.
They won’t see enough customers until
unemployment is reduced. (Sipmle Future)
15.
This is a problem without a solution unless the
federal government steps in and creates jobs. (Simple Present)
16.
We all know that our infrastructure needs a
makeover. (Simple Present)
17.
Now, at a time when our government can borrow at
1.6% on a 10 year loan, we should put aside our debt fears and do a job that
needs to be done. (Past Continuous)
18.
This will create jobs, then customers, then the
expansion of other businesses, and finally greater tax revenue to pay off the
debt. (Simple Future)
19.
After over a decade of limping along after the
great depression, prosperity returned when the government had to tool up for
WW2. (Past Perfect Continuous)
20.
I hope we can be smarter now by avoiding the war
that some of our politicians are aching for, and instead replace our ailing
infrastructure with new, innovative solutions. (Present Continuous)
21.
Some projects can be: installing fiber optic
cables in all cities, building a countrywide high-speed rail system, reworking
our electric grid, subsidizing green industries, etc. (Simple Present)
22.
True some existing industries will suffer, but
just like the buggy-whip makers of old, they will have to find ways to adapt to
the changes or fade out of existence. (Future Continuous)
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