Political Parties
Republicans and Democrats have very different ideas on the national debt and financial regulation. Democrats believe that their should stringent regulation of the financial services sector. In their opinion, Banks should be required by law to have a certain amount of capital on their balance sheets, should not be allowed to engage in proprietary trading (Trading for profit with Bank's money), and should not be allowed to become "Too big to Fail." On the issue of National Debt Democrats believe that a balanced approach is needed. They believe tax hikes for the highest earners, closing corporate tax loopholes, modest spending cuts, and small changes to entitlement is sufficient to reduce the national debt. Republican's on the other hand have a different philosophy. They believe in light regulation of the financial services sector. They believe that the SEC should monitor illegal activities, such as insider trading, but in most cases they believe the free market should be allowed to work. Republicans strongly oppose increased regulation. On the issue of the National Debt, Republicans believe that major spending cuts, and serious reforms to entitlements are needed to reduce the national debt. Republican's do not support any attempt to raise taxes. America does have a serious problem. We tax like a small government, yet spend like a big one. The solution is not to raise taxes so that we can continue to spend like a big government. The solution is to cut spending, and decrease the role of government in our lives. One party, the Republicans adheres to this philosophy.
http://www.marketwatch.com/
http://www.economist.com/
http://www.cnbc.com/
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