The unemployment rate among our veterans is 6.9 percent compared to the national average of 7.3 percent according to Covert in the article, The Four Economic Challenges Veterans Face. This means that our veterans are clearly having a hard time getting employed after they retired. The military only gives veterans two years of unemployment after they release them back to the civilian life. President Barack Obama signed the "VOW to Hire Heroes Act" in into law in 2011 telling companies that they would receive tax credit if they were to hire a veteran who’s been unemployed for four weeks, and that he was also willing to give even a higher tax break to those companies if that would to hire a veteran who’s been unemployed for six months. As Compton mentioned, ‘This is just one of the initiatives the President has enacted in order to ensure that the country fulfills its obligation to our service members and their families (Compton, 2011).’ Having a job in society is essential for the veterans to set them up to a successful
The recession caused a loss of 2.9 million jobs, representing a 3% drop in payroll employment. Many people blamed the recession on President Jimmy Carter, who was in office from 1977-1981. Lots of people blamed Carter because the recession started during his first term. Ronald Reagan was the President of the United States, and in August of 1981 he signed the Economic Recovery Tax Act of 1981, which was a three-year tax cut plan. Reagan’s economic plan gave hope to the citizens of the United States that the recession would end soon.
The social security is a costing system and it occupies a big proportion in the government spending. In Barbara R. Bergmann’s article “Could Social Security Go Broke?,” she deems that there is enough fund in the social security system and the government can easily transfer the tax income from current employees and firms that employ these employees to the social security to support retirees’ lives. This point of view only can be considered as assumption, but not for the real world. After the finacial crisis in 2008, a large number of employees were laid off during that time and some employees decided to retire early, which results the labor force in American has shrunk. In the meantime, the presence of effective technology products,
Illegal immigrants are a major part of the US labor force and have been an important source of low-skilled labor supply to the US economy for many decades. The Pew Hispanic Center estimates that the number of unauthorized immigrants in the US labor force was 8.3 million in 2008, up from 6.3 million in 2003 but down slightly from the 2007 peak of 8.5 million. And there are currently 11.9 million unauthorized immigrants living in the United States, with an average of 500,000 new entrants arriving annually over the last decade. (Passel and Cohn, A Portrait of Unauthorized Immigrants in the United States, 2009).
The National Research Council shows that households of illegal aliens imposed more than twenty six billion dollars in costs on the federal government in 2002 but paid only sixteen billion dollars in taxes, thus creating a net fiscal deficit of almost two thousand seven hundred dollars per illegal household. Among the largest costs are Medicaid, social security, treatment for the uninsured, food stamps, and free school lunches. Also the federal prison and court systems, and federal aid to schools. Nearly two-thirds of illegal aliens lack a high school degree, the primary reason they create a fiscal deficit is their low education levels and resulting low incomes and tax payments. Most of the costs associated with illegals are due to their American-born children, who are awarded U.S. citizenship at birth, thus the illegal federal programs will not reduce costs because their citizen children can continue to access
Immigration as a whole, however, has no significant effect on the overall wealth of the nation. Rather, immigration tends to act as a redistribution program, with the people who use immigrants gaining the wealth lost by those who compete with them. This fact is clearly evident by the fact that businesses usually spend a tremendous amount of resources in an effort to keep high levels of immigration. Sure enough, all of the new jobs the past several years have gone to immigrants. One should also keep in mind that although immigration does make the economy larger, a larger economy by itself is not a benefit to native
During the mid-1970 's the Red Scare began to slowly move past us and home life settled; there was a new problem dawning, economic inequality. During the 70 's the income gap widened as lower/middle-class American 's income growth slowed down, while the high-class continued to see marginal gain. According to the Congressional Budget Office, the top 1% of earners have experienced a 200% annual income increase from 1980—2010. During his January 28 'th 2014 State of the Union address, President Obama claimed "America does not stand still - and neither will I, so wherever and whenever I can take steps without legislation to expand opportunity for more American families, that 's what I 'm going to do." Despite the promises, hope, and trust that is created when a President addresses the people, it’s always brought to an end by the realization of perpetuating
A person who is in pre-trial detention is and should be considered innocent until proven guilty. Some people who are in low-income families do not have the proper lawyer to guide them and will not be given a fair trial, which would congest prisons even more. Finally, with the prisons being so congested, we have to pay taxes for every inmate. The average American tax payer will spend around $20,000 to $30,000 dollars a year, that is equivalent or more than some people 's yearly income. What are we going to do about this?
After Hitler gained control over Germany, Germany lost 17,000 of its teachers. The reason Teachers were quitting at such a drastic rate was mainly due to the fact that they were getting a lot less money under the reign of Hitler. Before Hitler’s reign teachers would be paid 2,000 marks a year but when Hitler came into power teachers were only getting 1680 marks per year. To try and fix this problem the German government brought in unpaid substitutes that were willing to work for a very small amount of
Over the years we’ve spent millions and billions of tax dollars on prisoners! Our money should not be going towards criminals.” The state spent $60,000 a year per inmate.” And not only that they give prisoners the opportunity to higher their education for the cost of nothing. In actuality life is not free and prisoners shouldnt be rewarded with a free education when on the outside of prison everyone else has to pay.The cost of higher education is a nation wide problem.