Money
According to the U.S. Treasury, the nation’s public debt tops $15 trillion. As the nation gets closer and closer to the debt ceiling, credit rating decreases loom. Democrats favor increasing the debt limit while Republicans support cutting federal spending.
Meanwhile, student loan debt has exceeded $1 trillion nationally, and the U.S. unemployment rate remains around 8.3 percent for 2012.
Republicans and Democrats have very different philosophies about how best to grow jobs. Typically, Republicans look to remove restrictions and regulations on small businesses to encourage hiring while Democrats prefer to stimulate the economy by funding new and existing projects.
Money
How Falling Off The ‘Fiscal Cliff’ Could Hurt Young Kansans
In addition to leaving workers with less take-home pay, there could be less money for programs and projects that affect younger adults. Here’s a quick look at some of the potential effects on young Kansans.
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Millennial Matters: Why Saving Big Bird Is About More Than Saving a Pop Culture Puppet
Public funding for educational programming is just one of the items on the chopping block during the current budgetary crisis. I believe that educational programming is a crucial service and the long-term benefits reach far beyond balancing a fraction of a percentage point of the national budget.
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