Explain the major difference between the concept "big" government versus the concept of "small" government

1 answer:

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Small government is a Republican strategy to lower the government budget and to redirect the surplus of money into other programs such as tax cuts for the wealthy and the corporations. Small government or Republicanism is about lowering corporate tax from 35% to 15% this way the government will have less money on entitlement programs. Republicanism is all about the deregulation of the banking industry by merging investment banks with saving banks like it was done before the advent of the Glass-Steagall act which brought the financial sector and the economy to its knees.

Small government is reducing most social programs like Welfare, Medicare, Medicaid , and Healthcare insurance, for instance, those who are against the Affordable care act are the proponents of small government. Small government is about expending America hegemony in the world by fighting unnecessary wars that benefit the weapons industry.

The Democrats are the proponents of big government, they love to spend money to expand the government. Under the leadership of president Franklin D. Roosevelt , a Democrat, who was elected for 4 terms, America has experienced a period of real growth right after the great depression of 1929. First, unemployment insurance has been introduced, so people who are unable to work temporarily can collect some benefits. Social security benefits against the lost of earnings due to retirement was introduced by FDR.The Glass steagall act had been put in place and the security exchange commission that protects the poor investors from white collar criminals was put in place by Roosevelt.

In other to create these programs, the Roosevelt administration had to collect 90% of taxes from the wealthiest Americans and these rich Americans said FDR administration had no business in spending billions of dollars for all these programs and increased the national debt. During the FDR administration , the federal government was the largest employer in the nation.

In conclusion, liberal Americans benefited from the program and conservative Americans were against it.

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