I am in a Debate class and this is our last debate but everyone is having trouble finding information for the topic..especially for the Con side..if anyone has anything that will help us..we really need the help
2007-03-02 03:37:09 · 9 answers · asked by Trudence In Debate Class 1 in Social Science ➔ Economics
Reducing the quantity of credit is a bad idea. Here are a couple of major reasons why
1. Reducing credit would restrict the spending of consumers and this can lead to a recession.
2. It can make it difficult for people to make good choices. Young people may choose to drop out of school and work so that they can maintain a certain lifestyle. In general this reduces the
human capital in society and would negatively affect progress in the future.
2007-03-02 03:50:29 · answer #1 · answered by Zulu 2 · 0⤊ 0⤋
The Con side of this issue is that it wouldn't be fair to those who are using the credit towards something that is really needed versus a person buying a utility car without utilities, get it.......like starting a new business, a new business creates new jobs. So not only does it help the person applying for the credit financially but it also helps the community and ecomony.
2007-03-02 03:54:12 · answer #2 · answered by redbone_lds 5 · 0⤊ 0⤋
I think an excellent place to look for information on this subject is the current state of the housing market. Many people see connections of the recent housing bubble and its present state of decline as being intimately connected with an expansion of mortgage financing which eventually led to an expansion of predatory loan practices, which some fault for a steadily increasing rate of mortgage defaults.
You might also check out the link below to the NPR program "Justice Talking", where one show focused on consumer credit. Tracing the folks debating there might yield interesting information on both sides, which you can use to support your own case and start preparing potential rebuttals to the opposing case.
2007-03-02 03:46:42 · answer #3 · answered by Ralph S 3 · 0⤊ 0⤋
confident-predatory lending is a good sized difficulty in this u . s . a .. i've got not got records yet there's a clean documentary out/quickly to be released in this subject it fairly is getting countless interest. own duty is an argument, yet many actual everyone isn't attentive to the convenience with which you will substitute into overbuderned with the help of debt that seems to "creep up". credit limits are too intense &credit is in simple terms too uncomplicated to get. look on the wear to good, elementary people who took variable cost mortgages and now cant make the money. information those issues may be puzzling, so which you won't be able to blame the customers a hundred%. occasion-my 18 twelve months previous intense-schooler in simple terms have been given authorized and gained (after being solicited) a CapitalOne Visa card. She makes approximately $50.00/week on a solid week. it fairly is in simple terms incorrect!
2016-10-02 06:31:53 · answer #4 · answered by benedick 4 · 0⤊ 0⤋
Because the resultant impact of money flowing into bonds ( at the higher rate) would more then make up for the world wide recession it would cause. Not. Get it ? No money, no spend. No spend, no sell. No sell, no work. No work, no money.
Where were you when the markets hiccuped, yesterday?
2007-03-02 03:48:24 · answer #5 · answered by Wonka 5 · 1⤊ 0⤋
lol, ok the con's to that are all naturally working market forces....
obviosuly creditors wouldnt offer ppl credit if it wasnt profitable, u need 2 argue less regulation, and that markets are effiecent
2007-03-02 03:41:11 · answer #6 · answered by p34nu7bu773rj3lly7im3 2 · 0⤊ 0⤋
LOL! West High.... PWNED!!! haha see ya at state finals =D
2007-03-05 17:22:53 · answer #7 · answered by cknxneedles 1 · 0⤊ 0⤋
You can probably find something at this link.
2007-03-02 03:41:00 · answer #8 · answered by holykrikey 4 · 0⤊ 0⤋
lol, lemme guess: West Torrance?
PWN.
2007-03-05 15:54:36 · answer #9 · answered by Zyxxin 3 · 0⤊ 0⤋