The Instigator
safenation
Pro (for)
Losing
0 Points
The Contender
E.BurnumIII
Con (against)
Winning
7 Points

The United States should invest in to helping the European Union

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Post Voting Period
The voting period for this debate has ended.
after 1 vote the winner is...
E.BurnumIII
Voting Style: Open Point System: 7 Point
Started: 11/13/2011 Category: Economics
Updated: 5 years ago Status: Post Voting Period
Viewed: 1,034 times Debate No: 19266
Debate Rounds (5)
Comments (2)
Votes (1)

 

safenation

Pro

This is going to be like a pf debate
Round 1- acceptance
Round 2- cases
Round 3-rebuttals
Round 4-summary
Round 5- final focus
Good Luck and lets have some fun
E.BurnumIII

Con

I accept. Good luck.
Debate Round No. 1
safenation

Pro

I affirm resolved: The United States should invest in to helping the European Union
First off i just want to tell my opponent that I am gonna keep this one brief and simple and without sources. Can you tell me what i need to do for sources because i am a new member to this website
Ok now to the case
Contention 1: No one else is willing to help the European Union
-The European Union has been in this mess for years and no other power has tries to help
-The problem will not fix itself because the problem countries (PIIGS- portugal, ireland, italy, greece, and spain) have very high imports but low exports and banking there has collapsed
-The more advanced countries in the European Union have tried and poured money in to the cause and are fed up with all of this mess and threaten to leave the Euro
Contention 2: If the United States did invest it would be better off
-United States would prevent an international economic crisis that would have affected America and other countries
-the United States would increase it hegemony worldwide because it would be seen as a hero
-United States business will increase because countries like Greece import a lot and would not be importing from America helping the American economic crisis creating more business therefore more jobs

So because finance is risk and return you have to risk for profits and if we do not invest we could actually hurt ourselves even more
Therefore you should affirm
E.BurnumIII

Con



Pro, do your sources like I did mine.

United States- U.S. government
Wrong- Immoral [1]

I will offer two basic contentions:

1. The U.S. cannot afford to bailout the European Union
2. It is wrong to force U.S. tax payers to gamble their money on the European Union.


1. The U.S. cannot afford to bailout the European Union

The U.S. government is currently 15 trillion dollars in debt [2] and it is absurd to encourage more deficit spending. The absurdity rises to an even higher level when you look at the extreme risk of investing in the EU. As pro points out, "The more advanced countries in the European Union have tried and poured money in to the cause and are fed up with all of this mess and threaten to leave the Euro." Pouring spending into the cause has failed so many other times, why would it work now?



2. It is wrong to force U.S. tax payers to gamble their money on the European Union.

To get the funding to invest in the EU, the government has to receive tax revenue from U.S. citizens. Millions of people are struggling in the U.S who could desperately use that money. It is unfair and wrong to forcibly take people's money and then gamble it over seas rather than keeping it in the U.S. to ensure the U.S. can make it through the coming economic hardships especially with the massive risk involved.




[1]http://www.merriam-webster.com...
[2]http://www.usdebtclock.org...



Debate Round No. 2
safenation

Pro

safenation forfeited this round.
E.BurnumIII

Con

Rebuttal

"Contention 1: No one else is willing to help the European Union"

Why are they unwilling to help? You answered this yourself when you wrote, "The more advanced countries in the European Union have tried and poured money in to the cause and are fed up with all of this mess and threaten to leave the Euro." There is way too much risk involved. Once again, it is immoral to forcibly take money and then gamble it overseas.

"Contention 2: If the United States did invest it would be better off"

Adding to the U.S. debt is not the best way to solve the U.S. debt crisis. The international economy could survive if the European economy collapsed but the collapse of the U.S. economy would be devastating to the world economy. The U.S. has to solve its own debt crises before it can risk money it doesn't have on an economy that will fail.
Debate Round No. 3
safenation

Pro

safenation forfeited this round.
E.BurnumIII

Con

Safenation's account is no longer active. All arguments are extended.
Debate Round No. 4
safenation

Pro

safenation forfeited this round.
Debate Round No. 5
2 comments have been posted on this debate. Showing 1 through 2 records.
Posted by 16kadams 5 years ago
16kadams
sorry I couldn't vote in time
Posted by thett3 5 years ago
thett3
what do you mean by helping them? The current economic crisis?
1 votes has been placed for this debate.
Vote Placed by Spritle 5 years ago
Spritle
safenationE.BurnumIIITied
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Total points awarded:07 
Reasons for voting decision: FF