Role Of The President And Congress During The Economy Essay

Introduction The economic conditions prevailing in a country impact heavily on local businesses and organization. Depending on how well prepares an organization is prepared to handle the economic changes that occur, the organization can either thrive in business or collapse. There is more to this picture. An individual organization cannot shield itself enough against harsh economic tides. Thus, the government has to create checks and balances to bring about a stable and sustainable economic environment so as to spur a steady economic growth for local businesses and firms to thrive. Role of the President and Congress in the Economy The President works hand in hand with congress to make policies that either stimulate or contract the economy.Such policies may be made to either increase or reduce government spending on such sectors as defense, in terms of military spending, health, education and other sectors. Primarily, the government must spend in order to develop infrastructure, provide basic services to the people as well as enforce laws and contracts on the land (Mitchell, 2005). Without such expenditure, there would be little, if any, economic progress. However, a balance must be maintained to ensure that this expenditure does not exceed what the nation can afford. The government must, therefore, â€Å"live within its means.† With increased spending, the government tends to increase taxes in order to meet the cost. This in reverse, threatens productivity among theShow MoreRelated Congress Essay1734 Words   |  7 Pagesfor Congress in the United State s. It serves many roles such as making laws, implementing national policy and watching over the other two branches of government. These are just a few of the duties of our U.S. Congress. Although they are essential to our government, there are potential problems. 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