Why Liberals Are Losing The National Debt Argument

In the study, each source was ranked based on the political leanings of its audience. As a result, it ranked sources such as Buzzfeed more liberal than average while it ranked sources such as the Rush Limbaugh Show more conservative than average. However, none of the sources earned a perfectly neutral ranking (Wormald). The correlation between news sources and their audience’s political leanings becomes interesting when compared to the type of content each news source produces. Rush Limbaugh, for example, is infamous for his conservative rhetoric, whereas Buzzfeed is known for its lighthearted quizzes and comical representation of liberal politics. This reveals something about our perception of truth: biased sources allow individuals to ‘select’ the truth. When conflicting information is pushed to the side, it becomes nonexistent. Subsequently, the sum of partial truths interpreted by an individual becomes a whole truth in their mind, especially when partial truths are reinforced by mainstream media sources such as Buzzfeed or the Rush Limbaugh Show. This is harmful because, as Lewis implied, the entire truth is lost in this process and mutual understanding becomes harder to

The recent clash between the president and congress about raising the debt ceiling made the front page on every newspaper throughout the country and generated controversy of unimaginable proportion among the citizens of the United States of America (College for Financial Planning). No macroeconomics issue is more controversial today than the impact of large public debt on the economy and on future generations, but, however, there appears to be a huge disconnect between professional, political leaders, and the ordinary public about the national debt and its impact on the current and future

I agree that a solution to fix the issue of the national debt is to increase taxes by fifty-seven percent or cut all government spending by thirty-seven percent. Although I agree with it, I think there maybe a way to improve it without making things awkward. Increasing the tax percentage could fix our problem, I just wonder how the younger generations will handle this considering the financial situation they are dealing with now with high student debt and other economic factors. Cutting government spending is not necessarily a bad thing. However, if you cut spending on vital programs like Medicare, the quality of products from the programs may not help us the way they were meant to

By making a conscious choice of what information we digest, we–as consumers of information–are unconsciously building up beliefs and basins of thought we sip from when we are met with intellectual conflict. Readers of the Hoover Institution Journal Defining Ideas chose to read a publication that is open about their intentions, they define ideas. Moreover, when writers such as Epstein disseminate their well-shrouded right-wing agendas, those who drink from the conservative cup do so without the slightest idea that they are absorbing a filibuster for the sake of commerce.

The U.S. national debt is currently $18 trillion dollars and it is rising fast. The national debt today is the highest the U.S. has ever seen. In George Washington’s Farewell Address, he declared the U.S. should avoid going into debt. If the nation end up in a deficit, that the debtors were responsible for paying off the debt so that it doesn’t burden the future generations. Like the rest of this advice in his Farewell Address, the nation ignored it. The ideal goal right now should be to stop the debt from increasing anymore because it is impossible to stop the debt from increasing and expect to pay it off in this generation.

Many Americans today are aware that the United States is in debt, however, some may not realize by how much. Currently, the United States National Debt is up to 18 trillion dollars and is steadily increasing. This is a serious problem for the U.S., especially for millennials, who are going to be the ones living and dealing with the debt left behind for them. Increased spending, borrowing from China, and interest on the money borrowed are setting up our economy for an eventual crash, one that the upcoming generation may not be prepared for. Every dollar that accumulates into the debt will have to be repaid with interest at some point, making it harder to pay back. To gain a better understanding of how the U.S. dug itself into such a deep hole, one should start at the beginning of where the debt started.

The United States national debt is large. The U.S. Debt-to-GDP ratio has grown to over 60 percent in recent years. We are more than $15 trillion in debt. In this paper I will address the federal budget, the United States debt, and the resulting impacts on society in several sectors.

On the Sixth Avenue in Manhattan, there is a national debt clock that shows the amount of United States national debt. The clock was first installed in 1989, and can show up to ten trillion dollars. It ran out of digits in October 2008 when the sum of debt exceeded the amount. A new clock with two extra digits is going to be installed (Izzo 2 ).

Fixing the national debt is a coservercal issue within our government. Since the two parties have opposing views on how to fix it, it creates gridlock on the process of creating a plan to reduce it. (Perdue, 2015) Our federal government debt has extensively tripled since the year 2000 (see appendix A) (Historical Debt Outstanding Annual 2000-2015,2015), today our debt is a tad bit over nineteen billion. (U.S.NationalDebtClock.org , 2016) We have arrived at his point through the imbalance between revenues and spending, fueled by ever-high interest rates. Which will approximately result with us reaching ninety percent of GDP. (Greife, 2010) The government has no revenue. Therefore, the money it receives comes from the people and the

The total United States national debt is now over 19 trillion dollars and our Congressional leadership shows no signs of accomplishing any significant changes to make the situation better. That 19 trillion equates to almost $59,000 for every citizen of the United Sates. Sound financial practice is to not spend more money than you earn and borrow only for emergencies. It appears our Congress is incapable of adhering to sound financial practices as in the last fifty years there have only been five years when the U.S. recorded a budget surplus. Between 2009 and 2012 the U.S. added 5.5 trillion dollars to its national debt.

Health care costs have been a contributor of America’s long-term fiscal imbalance. In 2015, total health care expenditures accounted for 17.8% of the U.S. economy (Center for Medicare & Medicaid Services, [CMS], n.d.). And of that 17.8%, 50% accounted for government spending. This conflicts with our notion of a predominantly private financing system of health care in the United States (Himmelstein & Woolhandler, 2016; Kolata, 2012). Moreover, two often overlooked tax-funded health expenditures—tax subsidies to health care (10.1% of total spending) and government payments for public employee’s private health insurance coverage (6.4% of total spending)—together, put the U.S. in first place for health care taxes. Yet, many patients are

Debt is nothing new to the United States government. Ever since 1790 when Alexander Hamilton successfully convinced the congress to assume state debt the US has had a constant record of debt. This type of budget issue has been a constant leadership challenge to every US President. The Obama administration continues this trend of deficit and debt which has created the highest total federal debt in US history. . There are unique challenges and decisions every US President has had to make in regards to the budget and the economic success of the United States. Whether you agree or disagree with decisions made by President Obama there is a particular pressure that comes with trying to work across party lines to get support from those who disagree with his priorities. When President Obama entered office he took over a historically high debt and deficit during a time of an economic disaster. The new President inherited the challenge of balancing the budget and reducing debt while still spending to increase future economic growth. Though there are many aspects of concern regarding the federal budget, Obama’s main efforts coming into the White House were to increase tax revenue, by closing loopholes for the wealthy and adjusting previous tax measures, while reducing income inequality, increasing educational spending and providing universal health care.

The Washington Post’s title is loaded with emotional vocabulary that prevents the author from remaining objective. “Trump wants to overhaul America’s safety net with giant cuts to housing, food stamps and health care” versus the New York Times article, “White House Proposes $4.4 Trillion Budget That Adds $7 Trillion to Deficits” words like “overhaul”, “safety net”, and “giant” imply that there is great disapproval from Hirschfeld Davis of the Presidents choice to decrease funds from these programs. Although many of the Washington Post’s readers may agree with Hirschfeld Davis’s point of view, the core of objective journalism is to not let personal feelings seep through one’s writing and to refrain from adopting the emotional tone that is clearly being used here. Although this blurs the line of both framing and objectivity, the Post’s article title has a narrow focus of just one aspect of the fiscal budget for 2018 year, while the Times article provides a general idea of the budget as a whole. Another point in which the Washington Post refrains from remaining completely objective lies in its first sentence.

Before this video, I did not quite understand how in debt the United States was in. Trillion and trillions of dollars in a hole. Budget, saving, trade, and leadership deficit is the four major types. In 1789, was the start of our debt and it was 17 million dollars; In 1835, our Founding Fathers succeeded in getting our debt back to zero and that was the only time in America history. To me, this is hideous and embarrassing for our country. The Civil War is what rose our country in debt past one billion dollars, and after the Civil War was then the Great Depression. World War II was next leading America to a 200-billion-dollar debt. I understand if American has people to owe for things and we have things to pay to help us, but I believe we should

Tom ... Specifically "In what way citing [Conservative] William Bennett and the Cato Institute [an American libertarian think tank headquartered in Washington, D.C] squanders some of your (my) credibility"? Also, if you actually have knowledge that their stated facts and data are incorrect and questionable, or their logic irrational or unreasonable, I would be highly interested in you providing substantiated evidence to the contrary from neutral (unbiased) respected sources to dispute their information (nowadays on-line, finding unbiased sources is nearly impossible with almost every one typically having an agenda skewed with their own propagandized take on reality). After all, I am fully open to discovering new "correct" knowledge (substantiated facts and verifiable data), as well as being open-minded receiving convincing pragmatic points of view from any