Should the government use economic stimulus to aid the country during times of recession?
An economic stimulus is a monetary or fiscal policy enacted by governments with the intent of stabilizing their economies during a fiscal crisis. The policies include an increase in government spending on infrastructure, tax cuts and lowering interest rates. In 2016 Justin Trudeau proposed a stimulus package which he claims will raise GDP by 0.5 per cent and create 100,000 jobs.
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@9FQB6TF3yrs3Y
@B4VB3F31yr1Y
Yes, and collectivize all industry, and the government should intervene to boost a recovery, and in the form of increased spending on infrastructure and in the form of assisting sectors most heavily hit by the recession and in the form of tax breaks for all citizens especially low income citizens, and wherever possible the government should drastically reduce spending during recessions
@B4TXJ28 1yr1Y
@B4PPBZN1yr1Y
@B4ND9T91yr1Y
As the recession is caused by the government and the lower and middle classes are most impacted by the recession, yes the government should step in to help those classes. But the government has a responsibility once the recession is over to balance the books and reduce the deficit caused by the incentives.
@B35Q7K51yr1Y
@9WYDMSD2yrs2Y
Yes, we can do more than 1 thing at a time, we can collectivize industry that has collapsed from the private sector, turn it around to become profitable and fund social programs but also as a right away thing protect thousands of jobs. tax breaks, spending more repairing infrastructure to attract businesses, assisting other failing sectors with wage subsidies and mortgage/rent freezing/coverage. theres a lot we can and should do to stop the awful symptoms of recession.
@9RZPX672yrs2Y
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