Fiscal Policy

In: Business and Management

Submitted By chefashleymarie
Words 312
Pages 2
The financial policy of this country basically is “the means in which a government adjusts levels of spending in order to monitor and influence the nation’s economy”. That is according to investopedia.com. This financial policy is basically a mirror of the monetary policy that the United States has. When banks start adding pressure to the main bank of the country, the National Bank, this is called the monetary policy. The main goal for the already in place 2012 fiscal policy is to rebuild the United States economy as well as “citing wasteful spending and making tough choices on some things we cannot afford while keeping the investments we need to grow the economy and create jobs.”
To me, the fiscal policy is seen as contradictory because a contradictory policy can or will slow the economy’s flow of pace down.
By voting, American citizens/consumers can influence out government. I once heard that citizens shouldn’t complain about things that are affecting them if they are not voting. That’s a pretty true statement. If citizens don’t go out and vote and have a say so on things, the policies that are in place or are not in place will not be implemented.
Monitoring your personal spending habits is another way in which consumers can affect the fiscal policy of this country. When the economy is down, spending becomes less. This creates a domino effect. People get laid off due to consumers spending less which means less work for companies which in turn causes unemployment numbers to rise.
For several years now, the economy of the United States of America has changed. It has become an uphill battle. Taxes have been increased and decreased while our government creates policies in order to increase spending by U.S. consumers.
References:
http://www.investopedia.com/articles/04/051904.asp#axzz1kE4a2LUX…...

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