Raise Taxes or Cut Spending....Addressing our National Debt
You do not have to be a political head or a student of government to know that our country has a debt problem. At the moment our nation's national debt currently stands at about $16 trillion, which is more than the all of Europe combined. However, our nation seems to be divided on how to best tackle this problem. Your objective is to present an argument on what is the best solution for handling our nations debt and why. You need to make at least one initial post to the original question and one response to your peers. This will be graded in the same manner as all the previous posts. Your first post must be a minimum of a 150 words. YOU MUST IDENTIFY YOUR SOURCE....YOUR POST WILL NOT ACCOUNT UNLESS DONE!
Here are some links that can assist you in your analysis.
There are many different routs we can take to lower the debt, and we as a country will probably never agree completely as to what is best. However, from a personal finance point of view, if we raise taxes and everyone keeps making what we are then people aren’t going to have any money to spend to help businesses make money and will not improve the economy. In order to make money we have to save money. There are a lot of ways to do that, I think that we need to stop moving jobs out of America and keep them here. It would also help to stay out of foreign affairs until we are little bit more economically stable. We need to keep to our budget and if possible stay under the best we can. We still have to be realistic but at this point anything good is a step forward.
I don't think it has to do with saving money as much as it is with spending it, if the government lowers taxes on us we will have more money to spend on things that we might want, which overall will put more money flowing around the economy. Unlike now,people are saving their money instead of spending it and that is not what makes a good economy.
ohh you were talking about government spending, okay got it. The government needs to stop spending, while they cut taxes so we can spend money and get the economy going.
It's as simple as lowering taxes and cutting government spending greatly, it really is as simple as that. History shows us when government doesn't spend that much and taxes are not through the roof that our country does well for its self and the people that live in it are happy. When government spends money we do not have and raises taxes on people who do not have the extra money to pay them less and less money will be spend which means our economy won't prosper. To make our country prosper we need to cut government spending across the board and lower taxes on everybody so that they can spend more money on stuff they want instead of only buying things they need. When more people are spending money there will be more money moving around the country which means the government will get more money to spend ( hopefully spend it wisely) they will need to start paying back our mass debt with this money or we will just keep growing into the debt, it is time to start digging this country out of the hole the government has put us in.
I don't need a source because this is all opinionated, nothing here is fact and we won't know what the fact is until the problem is fixed. I don't understand why you would want someones opinion over mine, or any of my fellow classmates, this is supposed to be our time to talk about how we feel on a subject, not how a so called "professional" feels about the subject that we are discussing. When we talk about something that is not fact anyone could be right, it could be the "professional" or us students. There for I don't think a source is needed for this nor is it fair to us students, because you started this whole webpage wanting to see our opinions on certain topics. So by you saying we need to list a source that could be wrong, over taking our opinions you're saying that you don't trust our opinions and you're also taking the fun out of this because what it turns into is us students having to give a source for everything we want to talk about, and not letting us share our own opinions. So if this is turning into a webpage where we come to talk about other peoples opinions and not our own then I simply do not want to be a part of it. -James R. Voegelie
opinions are legitimated by fact...it is completely false to state no answer will be had until the problem is solved...before solutions can be implemented they must first be shown that they stand a legitimate chance of addressing the problem...this is therefore accomplished when researcher gather data and information to validate their solutions as a legitimate approach for handling a problem...our problem that we are discussing involves the national debt...and their are researchers who have investigated causes behind it and proposed solutions...two of these solutions is what we are debating...however, you have to defend based on researched information why your proposed solution is the best not on how you feel and why you feel that why...decisions are to be driven by knowledge not how we feel
I believe we should not be raising taxes by any means. What we should be doing is getting the idiots out of congress to stop spending so much money. If we raise taxes, I believe it would do nothing but bad in America. On the forbes website it talks about how there has to be a spending limit, and that we do not need to raise taxes, because it just doesn't work. After World War II we actually decreased the taxes, and it made the national debt go down. If we start raising taxes, it is going to put more people out of jobs, and get more people into debt, and the people that were already in debt in an even deeper debt. It is proven we should not be raising taxes because if we do it will do nothing for our national debt. We just need a balanced budget, or in other words not spend more than we have. I believe raising taxes is just idiotic.
Bruce what about those who are on government assistance? How do you propose we fund it without raising taxes? As more people retire from the baby boom generation...it is known that social security and medicare will alone be a drain on our nations revenue..
We need to lower taxes, and cut spending in order to lower the deficit. Lowering taxes puts more money in the peoples hands, with money, the people spend it, when they spend it, buisnesses thrive, when businesses thrive, more jobs are availiable, when everyone's working, and has money, America is back on top. Cutting spending is an obvious fix. Tighten up on the elegibility for government spending. To many people are eligible. We spend too much money, on people.
I completely agree and support your statement. I believe we as a country need to cut taxes and stop spending so much money on things that don't even matter that much
Our country is in a major debt and it just seems to me that we aren't getting out of it anytime soon. I heat people talking about it will change, but a wise man once told me: actions speak louder than words, the national debt is one of if not THE biggest issue in our country today. In the video I watch, they were basically discussing how we are taxing the big places and rich people with the big bucks, they said that we should start focusing on taxing small businesses and that those are where most of our jobs are coming from. I agree with them mostly because I believe that we need to start trying a new method asap because the one now isn't working. Like I said before this economy being messed up is affecting my life negatibley and that just ain't going to work for me. Source:MSNBC
by taxing small businesses will cause those small business owners to go out of business...they are already strained by the constant regulations coming down the pipe by government agencies like the EPA
The debt that the United Staes of America has is to much for one nation. Its mind blowing to actually think that we have more debt than all the nations in Europe combined together. I clearly just don't understand how our national debt has increased to this large extent over the last couple of years. The only two things that I know that made this large amount of debt is because of the government paying large amounts of money for the war and on top of that borrowing money from other countries such as China for example. I know that the United States owes China a good chunk of money. Do we know who did this besides President Obama and our previous president(s) from the past? I absolutly have no clue but I feel that we need to withhold our debt money that should go straight to China.
According to http://www.voxeu.org/article/cut-deficits-cutting-spending it is believed that when the government reduces the defecit by raising taxes researchers witnessed a prolonged recession , BUT when the government attacks the deficit by cutting government spending the outcome is different , research showed that this solution caused small-short lived recessions , if any at all , I STRONGLY agree with this article !
I took the iniative to research some of this. I went to two different websites and agree with both. On my first website I found that maybe we did make a mistake in sending the military to a different nation because once we had done that, it started the rise of debt. I also agree with the dollar declining in value the more debt is issued.....On the second website I found that for the past ten years the governement budget has operated at a defict. As it grows annually the U.S. goes further into debt. I also agree with the statement of the government needing to operate wit a hungry surplus. We good decrease entitlement spending but that would mean that we would have to limit spending on any government problem. Raising taxes aren't beneficial because if we are still working the same jobs, getting paid the same amount then we have nothing left. We won't be helping any businesses because we don't have any money left over to spend. www.about.com and www.moneycrashers.com
I believe that the best solution to solving the nation's debt problem would be to cut spending. This solution would most likely stimulate the economy best, because if we were to cut spending, it would put the money back into people's hands, and when people have more money, they spend more. Taxing people would only cause them to keep their money, making the government have to get more bailouts or whatever putting us further into debt. The phrase "you have to spend money to make money" could not be applicable to our government as they have no idea on how to balance their spending. If the government could find a way to keep money in the economy while lowering the budget, we wouldn't be so deep in debt. That solution is to simply stop spending so much money. Especially, money that we don't have. Sources: http://www.freedomworks.org/blog/teda/cut-government-spending-%E2%80%93-no-tax-increases http://news.yahoo.com/first-person-reduce-national-debt-cut-spending-160200386.html
There are many different routs we can take to lower the debt, and we as a country will probably never agree completely as to what is best. However, from a personal finance point of view, if we raise taxes and everyone keeps making what we are then people aren’t going to have any money to spend to help businesses make money and will not improve the economy. In order to make money we have to save money. There are a lot of ways to do that, I think that we need to stop moving jobs out of America and keep them here. It would also help to stay out of foreign affairs until we are little bit more economically stable. We need to keep to our budget and if possible stay under the best we can. We still have to be realistic but at this point anything good is a step forward.
ReplyDeleteI don't think it has to do with saving money as much as it is with spending it, if the government lowers taxes on us we will have more money to spend on things that we might want, which overall will put more money flowing around the economy. Unlike now,people are saving their money instead of spending it and that is not what makes a good economy.
Deleteyou are right, but what i ment by save money is to not spend it so much. Because right now we are spending what we dont have.
Deleteohh you were talking about government spending, okay got it. The government needs to stop spending, while they cut taxes so we can spend money and get the economy going.
DeleteIt's as simple as lowering taxes and cutting government spending greatly, it really is as simple as that. History shows us when government doesn't spend that much and taxes are not through the roof that our country does well for its self and the people that live in it are happy. When government spends money we do not have and raises taxes on people who do not have the extra money to pay them less and less money will be spend which means our economy won't prosper. To make our country prosper we need to cut government spending across the board and lower taxes on everybody so that they can spend more money on stuff they want instead of only buying things they need. When more people are spending money there will be more money moving around the country which means the government will get more money to spend ( hopefully spend it wisely) they will need to start paying back our mass debt with this money or we will just keep growing into the debt, it is time to start digging this country out of the hole the government has put us in.
ReplyDeleteSource= my brain, because my answers are the only ones I accept.
DeleteYou don't have to necessary agree but you do have to reference a source in agreement or disagreement
DeleteI don't need a source because this is all opinionated, nothing here is fact and we won't know what the fact is until the problem is fixed. I don't understand why you would want someones opinion over mine, or any of my fellow classmates, this is supposed to be our time to talk about how we feel on a subject, not how a so called "professional" feels about the subject that we are discussing. When we talk about something that is not fact anyone could be right, it could be the "professional" or us students. There for I don't think a source is needed for this nor is it fair to us students, because you started this whole webpage wanting to see our opinions on certain topics. So by you saying we need to list a source that could be wrong, over taking our opinions you're saying that you don't trust our opinions and you're also taking the fun out of this because what it turns into is us students having to give a source for everything we want to talk about, and not letting us share our own opinions. So if this is turning into a webpage where we come to talk about other peoples opinions and not our own then I simply do not want to be a part of it.
Delete-James R. Voegelie
Source. -_- http://www.america.gov/
Deleteopinions are legitimated by fact...it is completely false to state no answer will be had until the problem is solved...before solutions can be implemented they must first be shown that they stand a legitimate chance of addressing the problem...this is therefore accomplished when researcher gather data and information to validate their solutions as a legitimate approach for handling a problem...our problem that we are discussing involves the national debt...and their are researchers who have investigated causes behind it and proposed solutions...two of these solutions is what we are debating...however, you have to defend based on researched information why your proposed solution is the best not on how you feel and why you feel that why...decisions are to be driven by knowledge not how we feel
DeleteI believe we should not be raising taxes by any means. What we should be doing is getting the idiots out of congress to stop spending so much money. If we raise taxes, I believe it would do nothing but bad in America. On the forbes website it talks about how there has to be a spending limit, and that we do not need to raise taxes, because it just doesn't work. After World War II we actually decreased the taxes, and it made the national debt go down. If we start raising taxes, it is going to put more people out of jobs, and get more people into debt, and the people that were already in debt in an even deeper debt. It is proven we should not be raising taxes because if we do it will do nothing for our national debt. We just need a balanced budget, or in other words not spend more than we have. I believe raising taxes is just idiotic.
ReplyDeleteI agree with that somewhat I guess. I didn't really look at it that way, good analysis
DeleteHow do you view it then Trenton?
DeleteBruce what about those who are on government assistance? How do you propose we fund it without raising taxes? As more people retire from the baby boom generation...it is known that social security and medicare will alone be a drain on our nations revenue..
DeleteI also never saw your source there is no way t validate your response without one...
DeleteWe need to lower taxes, and cut spending in order to lower the deficit. Lowering taxes puts more money in the peoples hands, with money, the people spend it, when they spend it, buisnesses thrive, when businesses thrive, more jobs are availiable, when everyone's working, and has money, America is back on top. Cutting spending is an obvious fix. Tighten up on the elegibility for government spending. To many people are eligible. We spend too much money, on people.
ReplyDeleteI completely agree, if you spend it on businesses it makes the government thrive, and that is what we want.
DeleteI completely agree and support your statement. I believe we as a country need to cut taxes and stop spending so much money on things that don't even matter that much
DeleteBrendan where is your source?
DeleteOur country is in a major debt and it just seems to me that we aren't getting out of it anytime soon. I heat people talking about it will change, but a wise man once told me: actions speak louder than words, the national debt is one of if not THE biggest issue in our country today. In the video I watch, they were basically discussing how we are taxing the big places and rich people with the big bucks, they said that we should start focusing on taxing small businesses and that those are where most of our jobs are coming from. I agree with them mostly because I believe that we need to start trying a new method asap because the one now isn't working. Like I said before this economy being messed up is affecting my life negatibley and that just ain't going to work for me. Source:MSNBC
ReplyDeleteby taxing small businesses will cause those small business owners to go out of business...they are already strained by the constant regulations coming down the pipe by government agencies like the EPA
DeleteThe debt that the United Staes of America has is to much for one nation. Its mind blowing to actually think that we have more debt than all the nations in Europe combined together. I clearly just don't understand how our national debt has increased to this large extent over the last couple of years. The only two things that I know that made this large amount of debt is because of the government paying large amounts of money for the war and on top of that borrowing money from other countries such as China for example. I know that the United States owes China a good chunk of money. Do we know who did this besides President Obama and our previous president(s) from the past? I absolutly have no clue but I feel that we need to withhold our debt money that should go straight to China.
ReplyDeleteI agree with your statement about the government spending way too much money for the war
DeleteJaylon you never answered the main question which was "what is the best approach for reducing our national debt, cut spending or raise taxes"?
DeleteMy sources for my statements are as follows:
ReplyDeletehttp://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-trillion-to-hint-it-isnt-china/
http://www.americanbondholdersfoundation.com/action_alert.html
According to http://www.voxeu.org/article/cut-deficits-cutting-spending it is believed that when the government reduces the defecit by raising taxes researchers witnessed a prolonged recession , BUT when the government attacks the deficit by cutting government spending the outcome is different , research showed that this solution caused small-short lived recessions , if any at all , I STRONGLY agree with this article !
ReplyDeleteI looked at the same article and I agree also there are various ways on how we can change out debt problems
DeleteWhat do you agree with?
DeleteI took the iniative to research some of this. I went to two different websites and agree with both. On my first website I found that maybe we did make a mistake in sending the military to a different nation because once we had done that, it started the rise of debt. I also agree with the dollar declining in value the more debt is issued.....On the second website I found that for the past ten years the governement budget has operated at a defict. As it grows annually the U.S. goes further into debt. I also agree with the statement of the government needing to operate wit a hungry surplus. We good decrease entitlement spending but that would mean that we would have to limit spending on any government problem. Raising taxes aren't beneficial because if we are still working the same jobs, getting paid the same amount then we have nothing left. We won't be helping any businesses because we don't have any money left over to spend. www.about.com and www.moneycrashers.com
ReplyDeleteI believe that the best solution to solving the nation's debt problem would be to cut spending. This solution would most likely stimulate the economy best, because if we were to cut spending, it would put the money back into people's hands, and when people have more money, they spend more. Taxing people would only cause them to keep their money, making the government have to get more bailouts or whatever putting us further into debt. The phrase "you have to spend money to make money" could not be applicable to our government as they have no idea on how to balance their spending. If the government could find a way to keep money in the economy while lowering the budget, we wouldn't be so deep in debt. That solution is to simply stop spending so much money. Especially, money that we don't have.
ReplyDeleteSources: http://www.freedomworks.org/blog/teda/cut-government-spending-%E2%80%93-no-tax-increases
http://news.yahoo.com/first-person-reduce-national-debt-cut-spending-160200386.html