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Essay / Research Paper Abstract
This 10-page paper argues that the Budget Control Act of 2011 won't do much to deal with the real reason for the U.S. debt crisis. Also includes an analysis of the persuasive argument. Bibliography lists 7 sources.
Page Count:
10 pages (~225 words per page)
File: AS43_MTdebtargu.doc
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Unformatted sample text from the term paper:
the debt ceiling was raised. After a great deal of clearly partisan bickering combined with particularly virulent sound bites, the Budget Control Act of 2011 was signed into law. If
it had not been signed, there was every indication that the U.S. might have ended up in sovereign default, or worse. Provisions of the law included an increase in the
debt limit by $400 billion; creation of the Congressional Joint Selection Committee on Deficit Reduction (the so-called "Super Committee") and options for a balanced budget amendment (Yeh and Hamilton, 2011).
Furthermore, the legislation creates caps on discretionary spending for the next 10 years (Yeh and Hamilton, 2011). Even with all of these mandates and all of the "successful" posturing by
both parties when the bill was signed, I contend that the Budget Control Act of 2011 doesnt do nearly enough to address the issues that brought America to the brink
of insolvency[AS1]. Rather, the Budget Control Act is a victim of partisan politics as usual. Problems with the Budget Control Act
Dealing with debt problems was clearly a partisan issue from the very start. Republicans refused to vote on the Budget Control Act of 2011 unless spending was cut (Barbieri and
Sahadi, 2011). Adding more fuel to the fire was the fact that not all Republicans were in the "must lower taxes and raise spending cuts or else" frame of mind.
Rather, the more moderate Republicans were held hostage by a small group of so-called "Tea Party" Republicans, who refused to entertain the idea of any kind of tax increase ever.
Democrats, in the meantime, kept insisting that tax increases should be part of the act (Barbieri and Sahadi, 2011). Though Congress did vote
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