Current budget deal is less than perfect
The debt ceiling deal passed this summer may have saved the United States from defaulting, but it has not changed much. While the deal cuts at least $2.1 trillion over the course of a decade, it also raises the debt ceiling by up to $2.4 trillion, resulting in what some advocates tout as a budget deficit of only about $300 billion. So it would seem.
Though largely liberal, Bowdoin tolerates all political perspectives
At certain colleges, conservative newspapers have been trashed or shut down. From the defacement of hundreds of issues of a conservative magazine at Tufts University to the State University of New York at Albany's decision to deny funding to a conservative newspaper, examples of political intolerance at institutions of higher learning abound across the country.
Cuts and compromise needed to solve the nation’s severe debt crisis
According to a BBC analyst, "All sides are starting to realize the U.S. government cannot keep overspending. For every dollar it spends, 40 cents are now borrowed. If the government was a normal household and was forced to pay normal interest rates, the US would already have declared bankrupt." These words reflect the vast amount of money that the federal government is borrowing to finance continued deficit spending. With the debt at 97.4 percent of our Gross Domestic Product (GDP), neither party has offered a serious plan to reduce the debt.
National debt poses greatest threat to the United States
Although there are many issues on our minds as Election Day approaches, the economy should be our main focus. Many Americans are unaware of—or do not fully comprehend—the size of the national debt, which currently stands at roughly $13.6 trillion, according to government estimates. To write that amount out in full: $13,676,109,536,322. The citizenry is only just beginning to wake up to this huge debt that will have to be paid off. Debt does not simply disappear, and it is astounding that we have gotten this far into the hole without a massive uproar. It would also be foolish to assume that we can remain the world's preeminent power while incurring the largest debt as well.