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Debate: US debt ceiling deal

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Revision as of 15:26, 3 August 2011 (edit)
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=== Pro/con sources === === Pro/con sources ===

Revision as of 15:27, 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. 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.”



Pro/con sources

Pro

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Con


External links

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