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[[Image:President obama speaks.jpg|right|200px]] [[Image:President obama speaks.jpg|right|200px]]
*'''Deal needed only start deficit reductions.''' [http://www.washingtonpost.com/opinions/compromise-achieved-reforms-the-next-chapter/2011/08/02/gIQAXQBMqI_story.html Timothy Geithner, US Treasury Secretary. "Compromise achieved, reform’s the next chapter." Washington Post. August 3rd, 2011]: "Already, some are asking if we cut too much. Others want to know if we did enough about the long-term problem of a rising debt burden. This agreement is the beginning of restoring fiscal sustainability. It is a substantial down payment, but not the end of the debate. The government’s ability to make smart, long-term budget choices has long been broken. This gives us a chance to fix it." *'''Deal needed only start deficit reductions.''' [http://www.washingtonpost.com/opinions/compromise-achieved-reforms-the-next-chapter/2011/08/02/gIQAXQBMqI_story.html Timothy Geithner, US Treasury Secretary. "Compromise achieved, reform’s the next chapter." Washington Post. August 3rd, 2011]: "Already, some are asking if we cut too much. Others want to know if we did enough about the long-term problem of a rising debt burden. This agreement is the beginning of restoring fiscal sustainability. It is a substantial down payment, but not the end of the debate. The government’s ability to make smart, long-term budget choices has long been broken. This gives us a chance to fix it."
- +[[Image:US Congress 3.jpg|right|200px]]
*'''CON: [[Argument: Debt deal doesn't cut spending enough to solve deficit| Debt deal doesn't cut spending enough to solve deficit]]''' [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.” *'''CON: [[Argument: Debt deal doesn't cut spending enough to solve deficit| Debt deal doesn't cut spending enough to solve deficit]]''' [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 13:45, 5 August 2011

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  • CON: Debt deal doesn't cut spending enough to solve deficit 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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