Speak Out
As the New Year begins and a new president is about to be sworn in, many Americans are worrying about their jobs, their home mortgages and the state of the country's economy. In recent weeks, analysts have declared that the U.S. has been in a recession since 2007; companies large and small are laying-off employees, the stock market is volatile, banks cannot grant loans to help homeowners and the global economy is in a tailspin. The contributing causes of the recession are many, and the effects are far-reaching, from Wall Street to Main Street. The recession is causing state and local governments to cut back spending, and they are forced to make tough decisions, cut services, raise taxes or lay-off city employees. All the while, the federal government is trying to stop the economy from getting worse by increasing government spending, and the incoming president, Barack Obama is preparing his own plans for recovery. The recession is being felt far and wide, so how has the recession affected you? How has it affected your state and city? What should be the roles of local, state and the federal governments in getting the country's economy back on track?
Join the discussion on the economy and let us know what you think!
Student Voices Staff