Question

If you could do something to reduce national debt and increase economic growth what would you...

If you could do something to reduce national debt and increase economic growth what would you do?

All feelings aside. Would you take away Medicaid or food stamps... get rid of care for the elderly... what would you do

Homework Answers

Answer #1

If I want to reduce national debt and increase economic growth the primary and most important thing that I can do is that I would pay my taxes along with doing my job regularly. This would help the National government to collect enough revenue (if everyone does the same) and then it wouldn't need to borrow from other nations, ensuring the economic growth.

No, I wouldn't take away medicaid and food stamps as taking them away would unstablize the life of elderly creating social tension, which in turn would disturb there family and would increase the financial responsibility over the earning hand of the family, increasing his/her mental pressure which would eventually reflect over his/her performance in work, lowering his/efficiency. As, families are unit of society and economy, it would have higher and larger bad impact over the economy.

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