Current+Event+1

Current Event 1

I think this article greatly reflects the economy going wrong because new york is now "functionally Bankrupt" and with this new budget being written up Medicaid and local school aid is going to lose $1.54 billion dollars greatly affecting people within new york and drastically changing the economy there. I think that if we keep removing more and more funds from Medicaid and school aid then the people who dont have healthcare will suffer and people who need an education will sufefr as well. If we dont stop this from getting worse then soon other states will begin to copy this budget and then the common man will rebel against his government in protest about their sons education being worse because the schools dont get funding and that their relatives cannot get their medical assistance because Medicaid cannot cover them anymore. If one state begins to make cuts where people get affected then the people will become outraged on how they could have trusted their leader. Governers or presidents who make these decisions are more than likely held responsible for the effects that happen and usually they dont plan on running again for office because they look bad of the decisions they have made. This will greatly affect the larger economy because if less money is put into education then the number of workers who are highly skilled will fall and then without those workers in turn businesses will begin to fail and worsen the economy. If Medicaid is less funded then people who need medication will not be able to get it and then with the fall of drug buying down then the economy will also be hurt. I think we should make tax cuts in different areas that wouldnt affect the common man as much if not at all.

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