Thursday, August 12, 2010

Last Blog

First question: Is that 13 trillion dollars in 1 dollar bills or 100 dollar bills? Just kidding, I’m sure either option would circle the earth’s equator a couple of times.
In your blog, you have two arguments that actually contradict one another. The first argument explains that our country should stop our involvement in foreign conflicts until we are “much better shape financially”. The second argument explains that our government creates projects that are wasteful because the government doesn’t complete them. You argue that you want to stop one project, foreign involvement, but yet you say that the government should complete projects so that they don’t become wasteful. By stopping military spending, the country essential has left another project uncompleted. Although your two arguments contradict one another, I would have to agree with your overall argument that this country needs to stop “draining our imaginary bank accounts.” The government is in a lot of debt and it needs to be reduced. However, it is not as simple. In order to lower debt, we must leave some projects uncompleted and focus on the ones that are more important. This of course would create sunk costs and these are the costs that the government has been trying to avoid. They therefore try to complete these projects by funneling in more money and hope that there would be no consequence. However, they are wrong and angry protesters demand the end of spending. This leads the government to cancel these projects. The government tries to juggle more than it can handle and tries to complete these projects to avoid sunk costs. Unfortunately the government completes neither the projects nor the avoidance of sunk costs. This explains the 13 trillion dollars of debt. So to end the accumulation of this large debt, we must not attempt to complete all projects at once but rather focus on the ones we can handle.

http://smlange3291.blogspot.com/

No comments:

Post a Comment