Proposed Solutions To Solving America's Economic Crisis Legalize Marijuana And Re Evaluate Welfare Policies

1064 words - 4 pages

A crisis is a time when a difficult of important decision must be made according to the secondary definition of the term crisis in the dictionary. Personally I feel that this is the best definition in regards to the existing economic crisis the United States is currently undergoing. While there were many factors that have contributed to the foreclosure situation we are presently experiencing, I believe there are just as many solutions we could use to turn our economy around. In response to the recession we must as a country change the way we do some things to enhance the money flow.
Firstly we should work to legalize marijuana, not because all drugs should be legalized but simply because it cannot be equally associated with harder drugs. I think marijuana is considered gateway drug because it is constantly being associated with these harder, but equally as illegal, substances. When a person tries it for the first time after growing up hearing how terrible drugs are, they find that the effects of it are mild. Then, thinking this will be a similar theme throughout drug use, they try more and more things realizing this is not the case. If marijuana were to be legalized this would eliminate this ‘gateway’ drug stigma. Marijuana is by far the largest imported crop into the United States. The government should tax it, regulate it, and sell it in approved ways. This will clear up space in the jail system because possession would no longer be a crime. This would save millions of taxpayers’ dollars each year. It would also reduce the crime rate. There would no longer be a need for illegal trafficking, importing, and selling marijuana. There would be considerably less drug related crimes because marijuana is the most common drug throughout the United States. This would allow for a very large amount of valuable money to be flowing through our economy. Methods can be used in order to monitor its use during driving and other dangerous activities just as has been done with alcohol.
Next we should put a percentage of that money earned from the legalization of marijuana toward removing the illegal immigrants. While they do appear to reduce costs for some business owners, such as construction companies, in the long term they are really much more harmful. The little money they earn is often sent back to their home countries and thus not spent on our home soil and able to cycle in our economy. Also, they are not paying taxes like the rest of the citizens, but still living and benefiting from all the things taxes allow. For example, if an illegal immigrant were to get injured they would not be refused care in a hospital. However, the taxpayers will still be responsible for covering the cost of the illegal immigrants health care. We are in turn losing money from them. A budget could be implemented to remove illegal immigrants from the United States. It would cost us in the beginning but would then open up tons of jobs for our citizens at minimum wage. That...

Find Another Essay On Proposed Solutions to Solving America's Economic Crisis- Legalize Marijuana and Re-evaluate Welfare Policies

Proposed Options for Solving the Foreclosure Crisis

1062 words - 4 pages feeling the economy crisis. These mortgage lenders need to understand that it wasn’t that one person that caused this crisis. Contributed? Possibly. Now you see they are struggling and diligently trying to stay afloat, sometimes just under the surface but they are still there. They are the ones making those phone calls, being straightforward offering what they can for payment. Lenders you need to take this money and when the crisis is better for

Proposed Methods for Solving the Foreclosure Crisis

1519 words - 6 pages borrower who have felt the most pressure from our deflating economy. They have lost hours, and lowered wages that is completely beyond anything they could have possibly seen coming. The solution to our crisis is not as difficult as the powers that be would like to make it seem. Several things borrowers and lenders need to make things easier for both parties. First, obviously, borrowers need lower payments. Second, they need to again, be able to

Solving The Foreclosure Crisis: Two Solutions

1416 words - 6 pages It does not take much attention focused at the media to see that our great nation is struggling economically. One of the major contributors to this current economic meltdown is the rapid increase in foreclosures across the country. The country’s immense housing crisis can be addressed by referring to not only the accumulating irresponsibility of the individual American loan borrower, but also the growth of greed at the corporate level which led

Greece's re-emergence from its economic crisis

1151 words - 5 pages It may seem like our country, Greece, is doomed for the worse and that there is no way to get out of the economic crisis our country is currently in. The truth however is that despite the extensive spending and numerous tax evasions, if our government and banks play an active role, we can! There are several ways in which we can turn around our country’s economy which include: introducing a parallel currency, raising taxes, cutting spending, and

Trade-Down Home Exchange Program: My Proposed Solution to Solving the Foreclosure Crisis

1369 words - 5 pages bills and purchasing furnishings beyond their means. Add the challenges in the job market and the declining economic climate and you’ve got bankruptcies and foreclosures. The list of bank owned properties continues to grow causing many families to leave their homes in search of affordable housing. With their credit damaged they are unable to qualify for a new loan and forced back into the rental market. These foreclosed homes often sit unoccupied

Proposed Options for Solving the Foreclosure Crisis through Public Awareness and Tax Break Incentives

1040 words - 4 pages be very beneficial to the Foreclosure crisis. Also the government should offer tax break initiatives to all home buyers who opt for a 15 year mortgage instead of a 30 year mortgage. Even though 15 year mortgages are not nearly as common they have some great benefits that are often overlooked. Typically 15 year mortgages have lower interest rates, plus you build equity quicker and own your home in half the time. If the government would offer a

Solving the Foreclosure Crisis- Proposed Plan for New Laws and Reform of Schools, Prisons, State and Federal Agencies to Improve the Foreclosure Crisi

1034 words - 4 pages The Home Foreclosure Crisis is due to people losing their jobs. Without jobs, people do not have a steady income to pay their mortgage and keep their homes. To solve the crisis, job creation is required. To create more jobs, the government needs to operate schools, prisons, and state and federal agencies more efficiently. So much money are wasted, when they could be use to give people jobs. And new laws are needed regulate the banking systems to

Analyse the role and implementation of monetary and fiscal policies as tools of macroeconomic management to manage the Australian economy through the current global economic crisis.

1483 words - 6 pages Macroeconomic management has traditionally seen as a counter cyclical tool used by governments to reduce the natural fluctuation in the business cycle. In the midst of the current global economic crisis, the role and importance of macroeconomic tools have played a crucial role in stabilising delicate business cycles worldwide. In the Australian economy the fiscal policy has had a major impact with the introduction to the two different stimulus

The Economic Impact of Policies Proposed by The Congress of South African Trade Unions

2293 words - 9 pages minerals, metals and other resources. In consideration of the proposed increased taxes, South Africa is still in a recession (with a rather slow economic growth) after the 2009 world economic crisis. Consider, below, the effect of increased taxes on real GDP. From Figure 3, we are producing Y1, which is below our potential output, Y*. With increase taxes, consumption is expected to decrease and thus, aggregate expenditure and real GDP will

Solutions to the Foreclosure Crisis and Beyond

1326 words - 5 pages Solutions to the Foreclosure Crisis and Beyond “Ster•il•ize : to deprive of the power of reproducing, as in surgically sterilizing cats and dogs.” Such is the definition of this word as listed in Webster’s Dictionary.(1) In looking at all the havoc the financial wizards of Wall Street have laid upon the global economy, it seems appropriate to review this term. Our society has been overcome with notion of “excess” in the past few years

Why is it Beneficial to Legalize Marijuana

1738 words - 7 pages Legalize Marijuana Marijuana is a drug that is spreading all around the world and is now proven to be the most beneficial drug out there. More than 25 million Americans annually use it each year. If the country legalized it then everyone would have more jobs available to go around such as harvesters, dispensary clerks, distributors, or croppers. Thus, the unemployment rate is lowered and America could make more money if they

Similar Essays

Proposed Solutions To The Foreclosure Crisis

1047 words - 4 pages Foreclosure is a growing national disaster in the United States. Every time you tune in to your local news, there is a new family whose house is being foreclosed. Every time you ride around the neighborhood, there is another house up for sale. There are several solutions to this increasing trend including cutting government spending and cutting funds towards unsuccessful government programs, devising financial plans to assist families by setting

Proposed Solutions To The Foreclosure Crisis In America

1815 words - 7 pages Foreclosure, the process of claiming the defaulted property to cover the cost of an unpaid debt, has hit America like a tidal wave. Considered to be a crisis and a major factor in the poor economic situation of today, there is no doubt that the current state of the housing market and the influx in foreclosures across the nation has had a dire impact on the American economy since the beginning of 2007. Strategies, policies, action plans, and

Solving The Foreclosure Crisis: Renting To Re Own As An Option For Homeowners And Lenders

1789 words - 7 pages As the foreclosure crisis in the United States continues to spiral, increasing attention is being given to novel and creative solutions for reducing the risk of mortgage default. The Obama administration has proposed several government-backed programs to help homeowners stay in their homes, and private lenders have tried various approaches to stabilize the economic situation. To date, none of the enacted efforts has substantially improved the

Proposed Plan For Solving The Foreclosure Crisis

1376 words - 6 pages of the foreclosure crisis and speed up the timeline in this regard to help jump start the economic recovery that began about six months ago. Before detailing my plan, a discussion of the parameters of the foreclosure process and an objective analysis of the realistic financial criteria for each potential foreclosure should be identified. Although many of the procedures to attempt to resolve the foreclosure crisis may be implemented for all