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re: ***tOfficial Policy Debate Thread: Category 1***
Posted on 7/16/15 at 10:46 am to The Spleen
Posted on 7/16/15 at 10:46 am to The Spleen
quote:
I guess I just don't agree with the blanket statement of having to get government spending under control. It's a rather vague, generic statement.
What's vague about it? In Bush's two terms our national debt rose 2.1 trillion over the first and 4 trillion over the second. In Obama's first term, our national debt rose just over 6 trillion. That is out of control government spending. There is nothing generic about it.
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Also, it takes into account Change in Debt-to-GDP ratio.
quote:
There's too much diminishing returns in it right now for the private sector to provide it. We can't sit idly by and just wait for the private sector to provide it
I agree with you there. The private sector isn't going to dump money into something with little to no return.
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when we're still subsidizing farming, banking, auto industry, and any number of other industries
The subsidies as a whole need to be looked at and cut back.
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We need to incentivize the private sector to develop it to a point that it is both affordable and readily accessible for a majority of citizens.
Absolutely.
This post was edited on 7/16/15 at 10:51 am
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Posted on 7/16/15 at 10:53 am to DynastyDawg
quote:
What's vague about it? In Bush's two terms our national debt rose 2.1 trillion over the first and 4 trillion over the second. In Obama's first term, our national debt rose just over 6 trillion. That is out of control government spending. There is nothing generic about it.
Even worse, our asset inflation (home prices/stock) has been out of control since 2000 thanks to basically 0% interest rate. No one at the Fed has the guts to raise the rate and suffer the short term notoriety in exchange for some economical sanity and real growth. We just keep throwing money an an ever shrinking real economy, add government spending to the GDP numbers and pat each other on the back for a job well done.
We're heading for an economic cliff that is going to send us into the 3rd world.
Posted on 7/16/15 at 11:02 am to DynastyDawg
quote:
What's vague about it? In Bush's two terms our national debt rose 2.1 trillion over the first and 4 trillion over the second. In Obama's first term, our national debt rose just over 6 trillion. That is out of control government spending. There is nothing generic about it.
The way it was worded initially just didn't give any context. I don't disagree that some spending needs to be curtailed, or at the very least more closely monitored.
But I also think we have both a revenue and a spending problem. It needs to be attacked from both sides, and yes that does mean tax increases for some.
As for the Bush comparison on the debt, I think it's an apples to oranges comparison. Bush cut taxes, then sent us to war. It was inevitable the debt would eventually spiral out of control.
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