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Debate: US debt ceiling deal

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-===Write debate main question here...===+=== Was it an acceptable deal? What are the pros and cons? ===
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 +*'''The debt deal does not cut spending enough.''' Moran: Debt Deal Not Good For America
 +[http://www.ksallink.com/?cmd=displaystory&story_id=18486&format=html Jerry Moran, Sen R-KS. "Debt deal not good for America." KSALLink.com. August 2nd, 2011]: "This plan may be considered a good deal in Washington, D.C., but it is not a good deal for the future of America. There are virtually no spending cuts in this bill – in fact, it only slows slightly the growth of spending. The amount of spending that is reduced is about $21 billion next year. Given the fact that we borrow $4 billion more each day than what we take in – those savings will disappear in less than a week. It’s unfortunate the country has been through this long drama about raising the debt ceiling and it’s even sadder that the accomplishments are so few.”

Revision as of 15:11, 3 August 2011

Was it an acceptable deal? What are the pros and cons?

Background and context

Arguments

Pro

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Con

  • The debt deal does not cut spending enough. Moran: Debt Deal Not Good For America

Jerry Moran, Sen R-KS. "Debt deal not good for America." KSALLink.com. August 2nd, 2011: "This plan may be considered a good deal in Washington, D.C., but it is not a good deal for the future of America. There are virtually no spending cuts in this bill – in fact, it only slows slightly the growth of spending. The amount of spending that is reduced is about $21 billion next year. Given the fact that we borrow $4 billion more each day than what we take in – those savings will disappear in less than a week. It’s unfortunate the country has been through this long drama about raising the debt ceiling and it’s even sadder that the accomplishments are so few.”


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Con

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