Economic Policy
Eric Forman, Economic Adviser of That 70's Party, explained that That 70's Party plans to implement an expansionary fiscal policy. Their stated goal is to focus on regaining the jobs and economic stability lost during the recession, and they intend to wait until the US economy has made a full recovery before beginning to pay off the national debt.
Mr. Forman also points to the 1.6% inflation rate (as opposed to the “ideal” 2%) as an additional reason to move forward with a more expansionary policy. In order to further increase public wealth, they propose tax cuts for the lower and middle class, while raising taxes for the upper class to support for increased government spending.
That 70’s Party also plans to continue the trend of steadily increasing funding for public education in K-12 schools, but have not stated any plans to improve funding for jr. high and high schools. Another point of concern for That 70’s Party is the fear that high college tuition prices are driving potential students away, a problem they intend to address by implementing a maximum tuition price. The proposed maximum is $9,000 for in-state college and $22,000 for out-of-state college, both amounts resting at just slightly over the current national average.
Mr. Forman also intends to reduce the severity of punishment for petty crimes such as drug possession, replacing federally costly prison time with fines and community service.
Finally, That 70’s Party plans to implement feed-in tariffs encouraging homeowners and small businesses to invest in personal renewable energy sources, such as rooftop solar panels, and allowing extra energy to be sold to energy companies.
Overall, Mr. Forman’s economic plan seems quite sound, and his presentation was well-prepared and clear. The proposed feed-in tariffs stood out as an exceptionally well thought out proposal, with a clear plan and believable goals. despite these well-planned ideas, their plans for reducing crime penalties bear an unnerving resemblance to California's “three-strikes” law which has recently come under fire for it’s failings, and no efforts to close tax loopholes have yet been announced, which could weaken their tax changes.
Mr. Forman also points to the 1.6% inflation rate (as opposed to the “ideal” 2%) as an additional reason to move forward with a more expansionary policy. In order to further increase public wealth, they propose tax cuts for the lower and middle class, while raising taxes for the upper class to support for increased government spending.
That 70’s Party also plans to continue the trend of steadily increasing funding for public education in K-12 schools, but have not stated any plans to improve funding for jr. high and high schools. Another point of concern for That 70’s Party is the fear that high college tuition prices are driving potential students away, a problem they intend to address by implementing a maximum tuition price. The proposed maximum is $9,000 for in-state college and $22,000 for out-of-state college, both amounts resting at just slightly over the current national average.
Mr. Forman also intends to reduce the severity of punishment for petty crimes such as drug possession, replacing federally costly prison time with fines and community service.
Finally, That 70’s Party plans to implement feed-in tariffs encouraging homeowners and small businesses to invest in personal renewable energy sources, such as rooftop solar panels, and allowing extra energy to be sold to energy companies.
Overall, Mr. Forman’s economic plan seems quite sound, and his presentation was well-prepared and clear. The proposed feed-in tariffs stood out as an exceptionally well thought out proposal, with a clear plan and believable goals. despite these well-planned ideas, their plans for reducing crime penalties bear an unnerving resemblance to California's “three-strikes” law which has recently come under fire for it’s failings, and no efforts to close tax loopholes have yet been announced, which could weaken their tax changes.
By Dylan