Obama Care Benefits

Many of us have exerted pressure on the governments and politicians to provide the best incentives, benefits and securities that can add value and aid to our satisfaction for the state. Each individual group has wants and needs, and politicians understand that logic. The workers desire shorter working hours and higher wages, while the farmers want subsidizes. Students are expecting student loans and cheaper educations, while the world insists that health care insurance be the basic human rights. There are multitude incentives and benefits that are given out by the state each year. All the benefits look promising, sweet and just, however, its costs are also catching up slowly. It may not be the incumbent politicians or us who are going face …show more content…
They increased government spending just before election dates so that they could be reelected. This is the paradox of electoral economics. They increased the benefits, or made short-term benefits permanent, so that they could win votes, and sustain the minimum winning coalitions (Lecture 16). Donald Trump has promised benefits from tax incentives or to pass the Middle Class Tax Relief and Simplification Act. Obama has enacted the Obama Care, the health care insurance. No rational politicians would maximize votes by reducing benefits such as increasing working hours or reducing the minimum wage. The United States could probably still give out all kinds of promises or benefits, for its currency could still support the economy. What about Europe and their decreasing populations? This can be answered through further understanding of the paradox of electoral economics. Through this we can understand the behaviors of politicians, and why they do or give out certain temporary benefits that would harm the economy in the long run. It is crucial to understand that it is not whether their actions are good or bad, but it is the benefits and the cost that must be weighed and …show more content…
Their images are based on their economic decisions that would either bring growth to the economy or recessions. The electoral economics thus shows that politicians would wait until before the next election, and would use the economic policy to sustain a minimum winning coalition (Lecture 16). Therefore, they would increase benefits such as health care insurance or educations to win the votes of the people. Opponents in coalitions would also adopt the opposition parties’ strategy, which is to point out and elaborate the economic mistakes and problems as their campaign, and to instill their new message or promises. Some of the mistakes they can spot is the slowing economy, the unemployment or the economic instability, that hurt the economy. They would probably increase in government spending, raise taxes or provides unemployment insurance. Although many of the benefits seem to help the people at the present time, there is a long-term economic consequence that must be faced. Unemployment insurance might reduce the incentives for people to look for work, and would increase unemployment as a whole. Increased in taxes might save the economy in the short run, but would reduce the incentives to invest and to do business, and thus bring back the economy down to recessions. Therefore, it becomes ironic how there is a link of governmental policies and economic stability, but politicians would actually give out policies that would

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