A Discussion of US Debt - Page 12

Uhh Negative

United States1090 Posts

June 28 2011 16:50 GMT

#221

On June 28 2011 17:48 BlackPanther wrote:
My two cents: Is the debt an issue? Sure, its an elephant in the room thats going to rear its head in the years ahead but compared with the current economic condition, its not the most serious problem America is facing right now because the government is still able to make interest payments on the debt. (unless the debt ceiling isn't raised, then we are in for a world of shit).

Better to fix it earlier than later. It may be something we could put off again and again but the future generation are going to be absolutely fucked if we do. Kind of selfish to put off something now just because it's not going to be easy to deal with.

jdseemoreglass

United States3773 Posts

June 28 2011 16:59 GMT

#222

On June 29 2011 01:50 Uhh Negative wrote:

Show nested quote +

Yeah, I wish people wouldn't forget that all this debt is basically a form of stealing from our children and people who haven't even been born yet. It's a very selfish thing to do.

TheFrankOne

United States667 Posts

June 28 2011 17:42 GMT

#223

On June 29 2011 01:59 jdseemoreglass wrote:

Show nested quote +

Yeah, I wish people wouldn't forget that all this debt is basically a form of stealing from our children and people who haven't even been born yet. It's a very selfish thing to do.

Youth today have one of the highest unemployment rates, they are having their lives stolen from them by the economic conditions. Existing, possibly structural unemployment exacerbated by large public sector cuts is a terrifying prospect. Rhetoric like "stealing from our children" ignores the reality of youth today, many of the unemployed are recent college grads with their own crushing debt burden to deal with.

Since spending cuts tend to hit education in disproportional amounts, the children tend to be hurt pretty badly by deficit reduction, ironically because it is often done in their name. Deficit reduction is a good thing but radical austerity programs are just not appropriate in these economic conditions.

IMHO slight tax increases on upper income brackets and reductions of foreign troop commitments would be appropriate now and only once the unemployment rate is below 7% percent should actual balanced budgets should be a goal.

dybydx

Canada1764 Posts

June 28 2011 18:08 GMT

#224

@TheFrankOne

the USA doesn't suffer from the length of education, it suffers in quality. it's a cultural thing. education is not highly valued. having cool gadgets, video games and free sex are the most important things to have in school.

TheFrankOne

United States667 Posts

June 28 2011 18:35 GMT

#225

On June 29 2011 03:08 dybydx wrote:
@TheFrankOne

the USA doesn't suffer from the length of education, it suffers in quality. it's a cultural thing. education is not highly valued. having cool gadgets, video games and free sex are the most important things to have in school.

When did I say the US suffered from length of education? I said that education takes an unfair share of the burden of deficit reduction.

Also the US only suffers from education quality problems in high school and below, our college system is very high quality, its just very expensive. I think you have really oversimplified the problems of our educational system too, not that I really disagree I just think there's more and deeper issues than you list. However this is not really the thread to discuss US education.

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