Political science Essay Example | Topics and Well Written Essays - 500 words - 3

Political science - Essay Example Already the liberal wing of his own party is into abandoning the new tax deal and the Republicans are much on their way into scrutinizing every fiber of it. Economists analyzed that savings is indispensable for the government at this point to keep the deficit at its minimum of 3% by 2015 to make it sustainable for the gross domestic product. This is a way to balance off the more productive year to the previous shortage from the previous one. This calculation, developed by Alan Auerbach and William Gale was a substantial attempt to alleviate national debt in a plausible manner (Leonhardt, par.2-4). This actually takes into consideration the prospective effect of the Boomers on the budget of the Federal government by 2030. This emphasizes the importance of the next 20 years in the budget woes of the United States that is in dire need of a solution before things go way out of control to be remedied beyond repair. The proposed tax cut deal provides for further tax cuts favoring the middle class over high end tax cuts as supported by Republicans. Here, it could be seen that it provides for a year’s worth of payroll tax cut for workers as wells as a year and a month’s lengthening of aid for the jobless to help boost the ailing economy. This poses a problem as it is inimical to the $900 billion in deficit that it will bring about (Herszenhorn and Gaystolberg, par.5-7). The deal as perceived in both Houses is deemed to be rough around the edges if not totally unviable. New York Democrat Anthony Weiner even went candidly by saying, â€Å"I don’t think the president should count on Democratic votes to get this deal passed† (par. 9). While the Republicans are also clamoring on their side on the supposed merits of the proposal. Obama stands on firm conviction on the need to protect the interest of middle class Americans that make up majority of the population as legislator s raise concern