Productivity in The US :: essays research papers fc

Productivity in the U.S. and What the Government Must DoJohn sits at home each night with his wife and two children and watches the news. He listens as experts on the parsimony tell him that the economy is growing and that the GDP is growing. He wonders how this net be, because he lost his job months ago and has not been subject to find work since. Has the very country that John lives in moved on and left wing him behind? This is the question that numerous the Statesns are asking themselves, and many more will be soon. In the 1960s and early 90s productivity in America increased by record amounts. The nation was prospering, race had jobs, and they were spending their money. All of this was done by simple government intervention. Now America is looking at another rise in productivity, but this time it whitethorn be a little bit different unless the government takes the proper steps.The 1960s was a goal of prosperity for the America. This was largely due to policies and the v alue cuts that prexy Kennedy initiated at the beginning of the decade. His revenue cuts were successful in lowering unemployment, encouraging people to present more, and making the over entirely economy improve. To begin a period of prosperity there must be something to start it off. A tax cut gives people an incentive to work, save, and invest. President Kennedy said, A rising tide lifts all boats (Garfield, 1). This is proof that the government can have a big role in the economy. The Kennedy ecesis cut business taxes as well as investiture taxes. This caused the Gross Domestic Product to grow by 4.5 percent in the 60s as compared to notwithstanding 2.4 percent from 1952 to 1960 (Garfield, 3). Many people were worried that these tax cuts would lecture the deficit, which makes since because lower taxes means the government will receive less money. However this was not true. The tax cuts increased spending and investment to much that the governments revenues increased 6.4 perc ent as compared to 1.2 percent from 1952 to 1959 (Garfield, 3). This proved that cutting the taxes can stimulate the economy enough to raise the governments budget. This intervention by the government raised the standard of living for American citizens as well as increase government revenue. President Bush has cut the taxes himself. However these tax cuts are far different from those of the 1960s.Productivity in The US essays research papers fc Productivity in the U.S. and What the Government Must DoJohn sits at home each night with his wife and two children and watches the news. He listens as experts on the economy tell him that the economy is growing and that the GDP is growing. He wonders how this can be, because he lost his job months ago and has not been able to find work since. Has the very country that John lives in moved on and left him behind? This is the question that many Americans are asking themselves, and many more will be soon. In the 1960s and early 90s productiv ity in America increased by record amounts. The nation was prospering, people had jobs, and they were spending their money. All of this was done by simple government intervention. Now America is looking at another rise in productivity, but this time it may be a little bit different unless the government takes the proper steps.The 1960s was a period of prosperity for the America. This was largely due to policies and the tax cuts that President Kennedy initiated at the beginning of the decade. His tax cuts were successful in lowering unemployment, encouraging people to invest more, and making the overall economy improve. To begin a period of prosperity there must be something to start it off. A tax cut gives people an incentive to work, save, and invest. President Kennedy said, A rising tide lifts all boats (Garfield, 1). This is proof that the government can have a big role in the economy. The Kennedy administration cut business taxes as well as investment taxes. This caused the Gros s Domestic Product to grow by 4.5 percent in the 60s as compared to only 2.4 percent from 1952 to 1960 (Garfield, 3). Many people were worried that these tax cuts would raise the deficit, which makes since because lower taxes means the government will receive less money. However this was not true. The tax cuts increased spending and investment to much that the governments revenues increased 6.4 percent as compared to 1.2 percent from 1952 to 1959 (Garfield, 3). This proved that cutting the taxes can stimulate the economy enough to raise the governments budget. This intervention by the government raised the standard of living for American citizens as well as increasing government revenue. President Bush has cut the taxes himself. However these tax cuts are far different from those of the 1960s.