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Debate Score:28
Arguments:11
Total Votes:35
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 The Economy (11)

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The Economy

What's the best solution to fixing the economy?

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2 points

I agree with both you and Joe. Spending all this money trying to fix it is like trying to put a band aid on a mortal wound. Let it fix itself instead of trying to prolong it and waste money at the same time.

I don't know what the best solution is but I do know that Obama is heading down the wrong path ;)

Side: not Obama
1 point

We should le it fix itself by not spending any tax dollars. We should let the consumer spend the money not the government. The one trillion dollars has to come from some where and that is from the taxpayer who is also the consumer. It will take a few years but the economy should get back on track. It took twelve years for the US to get out of the Great Depression andthe government had nothing to do with other than the declaration of war on Germany and Japan. The GDP of the US did not reach 12 trillion dollars by government intervention it reached through the consumer.

Side: F the government
ledhead818(637) Disputed
4 points

When the central government cuts back spending during a recession, it grows deeper and longer.

Side: Capital injection
Tugman(749) Disputed
2 points

When the central government cuts back on spending taxes decrease giving people more money. In order to increase spending the government needs to raise taxes.

Side: F the government

From a business stand point when things slow down, you spend more money. You increase advertising, add another line (diversify), expand your market area, and reduce waste at the same time. You never quit spending money. It takes money to make money.

I've had my business for twenty years and many business in my field don't have any work, but I'm extremely busy. I did all those things that I mentioned, advertised, diversified, and widen my work area. My competition laid people off, I added a guy to my crew. Another thing I've noticed, is that people generally hire someone that is already busy. There is a quote that says, "If you want something done, find the busiest guy to do it."

Side: Capital injection
ledhead818(637) Disputed
2 points

Declaring war did not instantly fix the economy. The reason the war helped bring the country out of the recession was that the government "spent tax dollars" on war supplies.

Side: Capital injection
Tugman(749) Disputed
2 points

It gave everyone jobs and the money came from war bonds that people bought which put the government in debt even more.

Side: F the government

The best solution for fixing the economy is to avoid going further into debt by bailing people out.

Side: Capital injection