1. Government Spending & Budget
Not only economic development, but also family income is hurt by debt. ... If the economy grew as fast as it did in 1950, without a debt, the median family income would be $50,000, compared to the present median of $35,000 (Rau M-1). ... Also, by terminating unnecessary farm programs, and cutting others by $12.3 billion, Republicans hope to cut the yearly $6 billion that the Federal Government spends on direct subsidies to farmers. ...
- Word Count: 2844
- Approx Pages: 11
- Grade Level: High School