Deficit spending is defined as excess spending of income or assets in a given period. (dictionary.reference.com, 2014) In other words, it means that the government continues to increase spending when we already owe more than a trillion dollars. Throughout this paper I will be evaluating the ethics of this topic using with my own personal opinion along with Haidt’s six ethical principles. (moralfoundations.org, 2014) I will also explore the strengths and weaknesses of my argument using articles from the Washington Post and CBS news that support reduced government deficit spending.
I’ll begin with Haidt’s first ethical principal of harm and care. I feel that our current government is not being responsible with the way it spends money. They have spent billions of dollars trying to stimulate the economy, but have only driven us further into debt and caused the economy further harm. The stimulus package that was initiated was full of ridiculous funding such as a million dollars to study the effects of ant breeding which is hardly a worthwhile project when we have such a high unemployment rate. Government needs to stimulate small business growth in an attempt to keep jobs here and reduce the unemployment rate. I feel that this is a careless way to represent the people of this country, as it shows no respect for hard working citizens. (moralfoundations.org, 2014)
The second principle is categorized as fairness or cheating. The government is given autonomy in making decisions on our behalf, but many of those decisions are not made for our benefit. We pay high taxes and the unemployment rate is currently somewhere between 7% and 9%. If regular households spent money in the same way, they would be broke and living on the street. If an item costs $50.00 and you don’t have the money for it, you can’t buy it unless you use a credit card. A solution needs to introduced that will help balance income with spending maintaining a more balanced budget. They need to be thinking about the overall health of the country’s pocket book and not so much of there own. (moralfoundations.org, 2014)
The third ethical principle is loyalty and betrayal, which requires self-sacrifice for the group as a whole. Government deficit spending has been a hot topic of controversy for many years with the biggest concern being continued out of control spending will cause more benefits to some individuals and less to others. There is little self-sacrifice being demonstrated when most government workers such as senators and congressmen get paid outrageous sums of money to do their jobs. A little self-sacrifice would be a great start and it would show the country that they share loyalty with us when spending our money. (moralfoundations.org, 2014)
The fourth ethical principle involves leadership, followership, legitimate authority and respect for tradition. Based on this principle I feel that our government could do a much better job. They need to take the lead...