🚨📢Keynesian Economics & Liberal Democracy📢🚨
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~~~~~ In thee Realm of American Liberal Democracy, the Allocation of Resources Reflects Not 0nly Economic Principles but also Political Values. Recent DaTa Highlights A Significant Disparity in how Financial Resources are Distributed, with Corporate~Welfare & Military $pending Taking Precedence 0ver Social Welfare Programs.
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~~~~~ According to the Cato Institute, Corporate~Welfare & Bailouts Amount To 0ver $100 Billion Annually, Totaling A Staggering $3.9 Trillion 0ver the past three decades. This Includes various forms of Subsidies, Tax~Breaks, & Direct Financial Assistance Favoring Corporations.
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~~~~~ Similarly, Tax~Breaks & Credits For Large Corporations Amounted to $1.6 trillion in Expenditures in 2023 Alone, with 55 Major Corporations Paying ZER0 Taxes in 2020, as reported by ITEP.org. Meanwhile, Thee Budget for the United States Military & Department of Defense Reached $797.6 Billion in 2023, Dwarfing Expenditures on Social Welfare.
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~~~~~ Despite these Substantial Investments in Defense & Corporate Subsidies, Thee~Cost~0f~Crime©®™ & Thee~War~0n~Drugs©®™ Continues to Burden the Nation. The Department of Justice Budget for 2023 Exceeded $32 Billion, while the Annual Cost of Crime in the United States ranges from $4.71 Trillion to $5.76 Trillion, According to the Journal of Law & Economics. The US has $pent 0ver A Trillion Dollars 0n the War 0n Entheogens, with Untreated~Mental~Illness©®™ Costing At Least $193 Billion Annually.
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~~~~~ In Contrast, Social Welfare Programs Such As Food Stamps & Social Security Receive Comparatively Modest Funding. In 2023, Food Stamps Cost $127 Billion, while Social Security Expenditures Totaled $1.24 Trillion, BENEFITING OVER 70.6 Million Individuals.
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70.6 Million People Received Benefits From Programs Administered by the Social Security Administration (SSA) in 2022.
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5.6 Million Humans Were Newly Awarded Social Security Benefits in 2022.
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55% of Adult Social Security Beneficiaries in 2022 Identified As Women.
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55.6 Was The Average Age of Disabled-Worker Beneficiaries in 2022.
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85% of Supplemental Security Income (SSI) Recipients Received Payments BECAUSE OF DISABILITY OR BLINDNESS in 2022.
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~~~~~ Support for NATO ALLIES Also Commands A Significant Portion of the Budget, With the US Contributing $860 Billion in 2023, Representing 68% of the Total Expenditure.
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~~~~~ To Address these Disparities, Proponents of Keynesian Economics Advocate for Government Intervention To Stabilize Thee Economy & Prioritize Social Welfare. Keynesian Theory EMPHASIZES Thee Importance of Aggregate Demand in Driving Economic Growth, Arguing that Government Intervention Is Necessary To Achieve Full Employment & Price Stability.
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~~~~~ The Keynesian Approach Calls for CounterCyclical Fiscal Policies, such as Deficit Spending 0n INFRASTRUCTURE PROJECTS TO STIMULATE EMPLOYMENT During Economic Downturns. Additionally, Monetary Policy can be Utilized to REGULATE the Economy, Particularly During Periods of EXCESS DEMAND.
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~~~~~While Keynesian Economics faced Criticism in the Past, Particularly During Periods of StagFlation, the Global Financial Crisis of 2007–08 👀 Saw A Resurgence in its Application. As Governments Grappled with the Aftermath of the Crisis, Keynesian Principles Guided Economic Policies Aimed At Restoring Stability & Promoting Growth.
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~~~~~ Moving FORWARD, A Recalibration of Priorities Is Essential to Ensure A More EQUITABLE DISTRIBUTION OF RESOURCES in Line With DEMOCRATIC VALUES. By ReAllocating Funds From Corporate Subsidies & Military Spending Towards Social Welfare Programs, Education, & Infrastructure, The Nation Can Foster A HAPPIER, HEALTHIER SOCIETY Where ALL Citizens Have the 0pportunity To Thrive!
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