The recession has been a difficult time for many, but fortunately the United States government has worked hard to look at the pros and cons of economic stimulus plan that is being implemented. This is good news as this economic measure has been designed to help stimulate the economy back up and give us a better way of life. However, even though the recession might be over we have not seen the last of its horrors and the cons and pros of economic stimulus are quite telling. Take a look at the following pros and cons of economic stimulus.
One of the best parts of stimulus money is that it will ease your spending. You might not have realized just how much you were spending on things without realizing it until the stimulus money came. You can now spend more on things such as food, clothes, and shelter. Although you have to save and cut back on some things you will be able to buy what you need more comfortably. You do not have to worry about cutting back on your budget any more because now there will be more spending money to go around.
It is also important to mention that this stimulation money has resulted in increased employment rates. That means that there are more jobs, which means that people who used to be laid off now have a chance to get back to work. When we have more jobs, the pay is better as well which makes life better. This is another positive of this economic measure. If we continue to have more people working there is more money generated overall, which is good for us overall.
The idea of receiving stimulus money and being able to spend more freely is very attractive. However, this may seem like a dream come true to some because it is something that cannot be fully realized until the recession ends. However, with the presence of additional spending money there will be less of the households that are affected by the recession because of the job opportunities that are created.
The increase of consumer spending is also good for the economy because this will result in the building of infrastructure. This is very important if we are to have a developed country with roads and ports that can accommodate the shipping needs of our international community. Also, the construction of schools is another advantage that we can easily exploit with the aid of stimulus dollars. These schools will allow individuals to further their education so that they can become qualified to do a job which will make the country more competitive and improve our global status.
This may be an article discussing pros and cons of economic stimulus, but it is still only a talk. This is why it is important to have someone to discuss with when you are having problems with your finances. You should always remember that you are not alone in this stormy financial era and there are people who are willing to help you. We just have to give them the chance so that they will help us the best way they can.