Monday, October 4, 2010

Issue Number 2 - Spending What We Can Afford

First Mark Baucus called for the suspension of pay-as-you-go payments (http://en.wikipedia.org/wiki/PAYGO). Now he is currently telling the public to completely avoid pay-as-you-go payments. If we eliminate pay-as-you-go payments altogether, the national debt and defecit (http://en.wikipedia.org/wiki/National_deficit) will continue to rise. Eventually it would get out of hand, and we would be unable to pay off the piling debt. The alternative to spending money willy-nilly, whether you have it or not, is to only spend the amount of money you have readily available and available to pay it off.

http://www.concordcoalition.org/files/uploaded_for_nodes/paygo-issue-brief-chart.jpg


I am 100% against Mark Baucus. Being a younger generation, I am actually afraid as to what might happen with the national debt. With all the politicians being 40+, they have nothing to fear if their debt keeps climbing. By the time it will matter they will be dead, and our current teenage generation will have to pay it off. Not only this, but the Social Security funds are already depleted, and future generations will not be able to benefit from that. On January 27th, President Obama urged the Senate to adopt pay-as-you-go payments in his State of the Union address. I feel Obama is recommending the right thing here, and that the Senate should really consider taking that policy in.

http://arj-robinson.blogspot.com/ -Issue 1
http://cassiesamazingblog.blogspot.com/-Issue 3

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