Discussion on Pi Day: Why Government Finances Aren’t Like a Cut and Served Pie!

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Many individuals commemorate Pi Day by eating pie. We thought it would be a good moment to discuss how many people view government financing as if it were a pie being cut up, and how some argue that there is another point of view to consider.

Michigan earned a figurative $6.54 billion chunk of the $1.9 trillion American Rescue Plan Act when President Joe Biden signed it.

The National Conference of State Legislatures keeps track of how states spend their share of the American Recovery and Reinvestment Act’s pie. According to its tool, Michigan has spent 13 percent of its anticipated $6.54 billion so far.

Economic Relief and Development has received the most funding, followed by the Unemployment Trust Fund, Education, Public Health, Arts Culture and Tourism, and Infrastructure.

Right now, legislators are debating how to spend the remaining funds. Experts caution that when debating spending, we often make the error of focusing solely on the limited pie we have and how to slice it.

“Let’s make that pie bigger,” said Sandy Baruah, President of the Detroit Regional Chamber.

As we celebrate “Pi Day” with this topic, Baruah points out that both the number pi and government finances are difficult. When we perform certain forms of expenditure, government budgets might expand. For example, he is advocating for investments in economic development, which he claims will raise tax income.

Stimulus Check & Discussion on Pi Day Why Government Finances Aren't Like a Cut and Served Pie! (1)
Discussion on Pi Day: Why Government Finances Aren’t Like a Cut and Served Pie!

According to Baruah, the public should not just assess how much programs cost, but also how much they can increase tax income.

“Some of it is in the eye of the beholder,” says the narrator. What one individual considers a long-term investment is considered a frivolous expense by another. The state of Michigan, on the other hand, is badly behind on essential investments. Take a look at our infrastructures, such as bridges, highways, and undersea systems,” Baruah remarked.

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“This isn’t a zero-sum game.” So you could consider slicing the pie and sharing a piece with everyone. “Or you might leave some to bake more pie,” Stephanie Leiser, a lecturer at the University of Michigan Ford School of Public Policy, suggested.

One issue, according to Leiser, is that the federal government does not always distinguish between overspending and investment debt. She believes it should assist the public to comprehend where we are now and where we are headed.

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“When you look at things like the federal debt, part of it went to investments that will pay off over time, and part of it went to current spending on our credit card,” Leiser explained.

The point is that we shouldn’t merely argue about how to cut a pie in half. Citizens should talk to legislators about how deliberate slicing can lead to higher investment returns and a larger pie in the future.

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