JFKs New frontier laid the foundation for the greatest ontogeny in governing welfare and regulatory agencies since the New Deal. Indeed, the sixties began an era of increased government handouts and government spending that locked populate into poverty as they became more(prenominal) dependent on government property while losing any incentive to find throw for themselves. Moreover, increased government spending resulted in higher taxes for millions of apply Americans, eroding the economic security of the American family. With less money to spend, save, and invest, the economy suffered and ordinary Americans became more susceptible to politicians who preyed on economic insecurity by proposing welfare chopines for the middle class as closely as the poor. In this way, politicians literally bought the votes of millions of Americans. As the morsel of welfare programs increased, politicians were reluctant to continue raising taxes for fear that they would not be reelected. Thus, the government began to run large deficits, spending more money than it was taking in. By selling bonds, k straight offn as Treasury Bills, the government began a huge borrowing program in which it borrowed money from the American people in stray to fund its expenses. In the past, such borrowing had been used to put up for needed internal improvements or national defense, but now this money went to welfare programs. By the mid-1960s, the government would be operational on credit. In addition, the Treasury Department and the Federal bind System encouraged the creation of more money. In effect, cover dollars were printed that were not backed by adequate goods and services.
Ever since the unify States went off the gold standard in 1933, the government has been able-bodied to create such excess money, leading to the problem of inflation. By living beyond its means, borrowing large amounts of money, foolishly expanding credit, and...
Although short, this was well written, comprehensive, and easy to understand. Im not sure what how long your essay was estimate to be, but if it was only suppose to be a page, therefore this is very good. If not, then you could have tied it in a bit more with the effects on peoples lives.
This is in more of an article format. However, it is a good sum of JFKs New Frontier social program...Overall for such a short essay it is ok.
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