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Debate Info

9
6
Yes, we need a change No, debt system is necessary
Debate Score:15
Arguments:13
Total Votes:16
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Argument Ratio

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 Yes, we need a change (7)
 
 No, debt system is necessary (5)

Debate Creator

MrFelpe(35) pic



"The issue of our generation is Debt"

This was a quote presented by my Economics professor. He claims that our social issues are clouding an even bigger global issue- Debt. In the United States, we have trillions of dollars in debt. We have no real solution as to  how to solve it, and we aren't even paying back these debts. We are just trying to find ways to reduce the amount we accrue. Globally, many other nations have the same issue. Could this much deficit endanger the safety and security of a nation? 

Secondly, as I thought about it more. I realized that as Americans we also accrue debt upon debt. We "buy" houses and cars, but in reality they belong to the creditors. It's an illusion that doesn't become evident until after a crash, ask the people who lost homes in 2008. Plus, because of interest, people end up spending more than the value of the item purchased.  So, my question: Do you think we need a change; a better way of purchasing High-cost items? If so, any other systems that could help? 

Yes, we need a change

Side Score: 9
VS.

No, debt system is necessary

Side Score: 6

When I am at the checkout line at the supermarket, more than half of the customers are charging their groceries, and I think the same can be said at the gas pumps. Most people who use credit cards think "Tomorrow's another day" and don't realize their monthly payment is being eaten up by the finance charge. The credit card is an entrapment.

Side: Yes, we need a change
1 point

Debt is definitely the issue of our generation and every generation. but the solution is not financial. Enslavement is the result when the debt surpasses the ability to pay. We are all enslaved in debt go God for our lives. God can set us free from that debt because He paid it in full for us with His own blood, and in His resurrection we can be forgiven, freed from the debt we owe to God for going against Him as we all have, breaking His law.

Side: Yes, we need a change
Aspire(62) Disputed
2 points

I agree we need change, but I don't agree that god is the answer. What people need is to distance themselves from authority control. As it stands, the government makes sure that only "Canadian Dollars" are acceptable as currency. What we need is a system that does the opposite... I think it was used many years ago... it was called trade.

Side: Yes, we need a change
Saintnow(3684) Disputed
1 point

Distancing yourself from God's authority will only get you into Hell when your death is forever finalized. You are thinking corrupt people can end corruption...it's not going to happen.

Side: No, debt system is necessary
Jace(5222) Disputed
1 point

Being released from our existential debt does nothing to address our financial debt.

Side: No, debt system is necessary
Saintnow(3684) Disputed
1 point

You can't be released from your existential debt. You don't get out of existence, and you don't get out of suffering in it through death. You are being a fool to think differently. You owe God for creating you...you owe everything to God, and He will require it of you. You are mistaking His kindness for weakness.

Side: Yes, we need a change
2 points

Personal debt is not a national issue. A home mortgage or a car payment are good as long as borrowers are not overextended. I charge everything I buy on my credit card, and pay off the total balance each month. --No problem there!

National debt is what is currently out of control in the U.S. And can if not addressed bring us to huge inflation and crushing taxes.

There's your problem

Side: No, debt system is necessary
MrFelpe(35) Clarified
1 point

I stated the U.S. national debt as the main issue in the paragraph. The second paragraph was just a secondary argument/question from this debt system we use.

Side: Yes, we need a change
Jace(5222) Disputed
1 point

Microeconomics still impact macroeconomics, particularly when microeconomic habits are consistent enough to constitute patterns. Individual debt in this country (and others) is certainly widespread enough to have a significant macroeconomic impact; if this were not the case then we would not have had the mortgage crisis. Notably, that was owing to banking actions also and not exclusively loan recipients; mixed culpability, mind, not strictly on the banks in my opinion.

Side: Yes, we need a change
1 point

Buying by credit is what the western economies have been based on for a long time. There is no doubt that, world wide, personal debt and national deficits have escalated to record highs in recent times and many of the financial institutions are experiencing some serious defaults, but, apart from 'basket case' countries such as Greece, the economic structure of most nations is sufficiently robust to ride the debt storm. The U.K. is a good example of their Conservative government having the political courage to ''bite the bullet'' and for the fist time in about 15 years returned to surplus in the month of July. Round about the same time as the U.K's Prime Minister David Cameron choose a path of austerity President Obama opted for a policy of spend-spend-spend. The American electorate voted for the irresponsible policies of an out and out socialist and now they are starting to recognize the folly of going for the easy, short term option. One way or other all debts have to be repaid, and as far as America is concerned, ''pay back time'' is just around the corner. I believe the biggest problem facing 'Our Generation' is, two fold;- Islam and uncontrolled immigration.

Side: No, debt system is necessary
MrFelpe(35) Disputed
1 point

A religion is not responsible for the actions of extremists. Should we consider Christianity an issue because the KKK is Christian? Nope, I don't believe so. Extremists commiting terrorists acts is an issue though, I agree. Uncontrolled immigration is not as bad as you might think. History has shown that there has been times of an influx of immigrants, yet they never posed a real threat or even harmed the economy significantly. Maybe in these troubled times of debt we are scared, but only because we aren't secure because of our high national debts. Socialist ideas are not all that bad. I agree that right now, adding more spending isn't the best idea. However, taxing the rich extra (most have way more money than they will ever need, use) and give back to the little guys would be a good solution. Mostly because these little guys already owe most of their money to the rich before they even get to see it. Finally, conservatives in the USA want to go to war again, and that's what caused the darn national debt in the first place! So they're not a good option either. Switching from liberals and conservatives in this debt system offers no real solution, that's why it's such a huge issue

Side: Yes, we need a change