A crisis is a time when a difficult of important decision must be made according to the secondary definition of the term crisis in the dictionary. Personally I feel that this is the best definition in regards to the existing economic crisis the United States is currently undergoing. While there were many factors that have contributed to the foreclosure situation we are presently experiencing, I believe there are just as many solutions we could use to turn our economy around. In response to the recession we must as a country change the way we do some things to enhance the money flow.
Firstly we should work to legalize marijuana, not because all drugs should be legalized but simply because it cannot be equally associated with harder drugs. I think marijuana is considered gateway drug because it is constantly being associated with these harder, but equally as illegal, substances. When a person tries it for the first time after growing up hearing how terrible drugs are, they find that the effects of it are mild. Then, thinking this will be a similar theme throughout drug use, they try more and more things realizing this is not the case. If marijuana were to be legalized this would eliminate this ‘gateway’ drug stigma. Marijuana is by far the largest imported crop into the United States. The government should tax it, regulate it, and sell it in approved ways. This will clear up space in the jail system because possession would no longer be a crime. This would save millions of taxpayers’ dollars each year. It would also reduce the crime rate. There would no longer be a need for illegal trafficking, importing, and selling marijuana. There would be considerably less drug related crimes because marijuana is the most common drug throughout the United States. This would allow for a very large amount of valuable money to be flowing through our economy. Methods can be used in order to monitor its use during driving and other dangerous activities just as has been done with alcohol.
Next we should put a percentage of that money earned from the legalization of marijuana toward removing the illegal immigrants. While they do appear to reduce costs for some business owners, such as construction companies, in the long term they are really much more harmful. The little money they earn is often sent back to their home countries and thus not spent on our home soil and able to cycle in our economy. Also, they are not paying taxes like the rest of the citizens, but still living and benefiting from all the things taxes allow. For example, if an illegal immigrant were to get injured they would not be refused care in a hospital. However, the taxpayers will still be responsible for covering the cost of the illegal immigrants health care. We are in turn losing money from them. A budget could be implemented to remove illegal immigrants from the United States. It would cost us in the beginning but would then open up tons of jobs for our citizens at minimum wage. That money would then be used to cycle through our system and thus feed and fuel our economy. By paying new workers minimum wage they will indefinitely use that money thus creating a large flow of money through our economic system. This would also help to raise the standard of living throughout the United States as well as reduce the gaps in classes. This would even give more homeless Americans the opportunity to correct their mistakes or misfortunes and have the chance to turn their lives around. Illegal immigrants would be encouraged to apply for citizenship so they could one day have the change to return to our country.
We should next completely reevaluate our welfare polices. While I believe a government truly wanting to care for its citizens is a wonderful and special thing, if left unregulated it becomes more of a hindrance than a blessing. Welfare should only be available to people who have suffered a massive sickness or injury that leaves them unavailable to work, or someone who genuinely loses their job with no immediate income solution. Upon evaluation, the welfare recipient will be given a strict time frame where they must be searching for an alternate source of income besides welfare. For the person who loses their job, let us say for the sake of an example that they have three months to find another job. At the end of the three months, the welfare recipient has a choice. He or she can either be taken off welfare and left to fend for him or herself, as they have been evaluated and no longer need government funding, or they can choose to be entered into a government-working program if they cannot find another job. This government-working program will consist of the jobs that would be left open by the illegal immigrants that previously worked in our country but have now been sent home.
I believe my three part program to fix the current economic crisis brought on by the foreclosure situation has excellent potential for success. Obviously foreclosed houses must be taken away as the government cannot be expected to pay for thousands upon thousands of people’s bad credit mistakes. Out welfare regulation would drastically help with that. With all the new money from the legalized marijuana we would have the means to remove illegal immigrants. We could have them sent back to where they hailed from and be left with millions of open jobs to be filled by our United States citizens. We would have less crime, lower taxes, a higher standard of living, a smaller gap between classes, less unemployment and homelessness, and overall much more money cycling through our economy. The best thing to do to remove us from this recession is to spend money. If we spend money then companies will spend money to make more products. The more we buy the products, the cheaper the products become. It is a well-understood cycle and I believe it is essential for the news stations to stop encouraging citizens to save every penny. If no one buys the products that are supplied than no new products will be produced and thus all forms of trade will be eliminated. If trade is eliminated than we cannot continue to learn and advance in this world.