In: Economics
The first suggestion is to achieve
the political consensus that all the institutions will be free from
politically motivated decisions. It will make these institutions
such as Federal Reserve to take decisions and make policies that
help the economy to achieve the different short term and long term
objectives.
The second suggestion is to get agreement between the parties to
rise above the part lines when the issues are or national
importance. For example, the issues such as national security and
defence program require the political parties to think and act
according to the what is best for the economies.
The third suggestion is that all political parties should form a
committee for important acts and regulations so that a policy with
longevity, proper vision and best of the ideas are applied. It will
benefit the economy. For example, the Trump administration shot
down the Affordable care act of the previous government and brought
it American Health Care Act that is relatively less friendly to the
poor people. So, it is the poor American population that suffered
due to the change of government. It should not have happened for
the best interest of the economy.
The fourth suggestion is the agreement between the political
parties to reduce the expenditure during the elections and those
funds can be utilized in community development. It will help the
community to become more employable and their social issues will be
resolved. Besides, it will show an example to the rest of the world
also.
The fifth suggestion is to make politicians to form a committee
that will identify the austerity measures that will contribute
towards the reduction in the national debt, increasing every year.
It will reduce the financial burden applied to the coming
generations.