In my opinion the most important economical issue facing the United States right now has to be the high unemployment rate. This is the most important issue for various reasons including the fact that many people are losing their jobs left and right, and although no one in my family has been faced by this issue directly, I know a couple of friends who have had relatives lose their jobs during this recession. Furthermore this problem branches out into various other problems including the high amounts of families losing their homes because without jobs people cannot pay their bills. Moreover, although the economy is slowly recovering, with the unemployment rate this high, the economy is not able to recover quicker than if unemployment was much lower. Also, with unemployment rising, less and less people will be likely to go out and purchase luxuries, which may slow the recovery of the economy even further. These are all a few direct ways in which unemployment is the most important economical issue in that they show what happens if people loose jobs and don't have money but there are also a few indirect ways in which this problem is so huge.
A few other issues that arise with unemployment don't neccesarily have anything to do with the person who is unemployed and this makes the issue larger.First off, if more and more people are unemployed then more and more people try to receive unemployment checks from the government, and this will cause the governments debt to rise which is a different economical issue we face. Another government program that i believe can suffer is social security because the tax taken out of peoples pay checks is what pays for the social security of the retired and with out people working, senior citizens also do not receive money. Furthermore, the government will waste more and more on these checks, causing the national debt to grow larger. These are all large examples of how the rising unemployment rate is the most important issue faced in America. This issue is not only big because it is the largest direct issue facing the people but also because it branches off into several other problems.
Chris – What exactly is the current unemployment rates in California? Throughout the country? I agree that unemployment is a major issue affecting millions throughout the United States. As you point out, this has a direct impact on the housing market. Think about this, Riverside County has one of the highest foreclosure rates in California. When people are no longer paying property taxes, who does this directly effect? The answer, local schools. Do unemployment benefits help? Is social security going to be around when you or I retire? Probably not? Overall, this is a good start. However, be sure to provide specific evidence to support your arguments. Content 5; Organization 5; Total 30/36.
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