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Econ DA

Econ DA

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Published by: AffNeg.Com on Dec 21, 2008
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06/17/2009

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Econ DA
A.Economy is on the reboundChicago Tribune
, “Economic measure rises for 2nd month,” June 20, 2008http://www.chicagotribune.com/business/chi-fri-economy-leadingindicatojun20,0,1560650.storyThe index of leading U.S. economic indicators unexpectedly rose in May for a secondconsecutive month, a sign that growth may slow without stalling. The Conference Board's gaugeclimbed 0.1 percent, matching April's gain, the first back-to-back monthly increases in a year anda half, a report from the New York-based group showed Thursday. The index points to thedirection of the economy over the next three to six months based on 10 components, includingstock prices, building permits and initial claims for unemployment benefits. The figures mayhelp ease concern that the worst housing recession in a quarter century, slumping consumer confidence and rising job cuts will end the economic expansion.
B
. Earmarking funds for new policies kills fiscal discipline
David
Doerr
, Tribune-Herald Staff Writer, July 8, 20
07
“Congressman Stresses not all earmarksare 'evil'”. http://www.accessmylibrary.com/coms2/summary_0286-31873910_ITMIn 1994 -- the last year Democrats controlled the appropriations process -- there were 4,126earmarks totaling $26.6 billion. That dropped to 3,000 earmarks when the Republicans becamethe majority. Pledges of fiscal responsibility became overshadowed by more and more earmarks,until the 2006 budget contained 15,500 earmarks totaling $64 billion. As Malmstrom'sComptroller, I am required to align recommended spending with "military utility" as I providefinancial advice and decisions on where to use our scarce dollars in an effort to eke out thegreatest return in accomplishing the mission. Military utility means that if an item is capable of fulfilling its purpose for the military mission, it doesn't need replacing. Instead, there are manyother competing expenditures where we can use our money to further advance our missioneffectiveness and efficiency. No longer do we have the luxury of replacing or upgrading based oncolor, scratches and faded material. In these times of leaner budgets, health, safety and missionmust drive our decisions.
 
C. Spending measures destroy fiscal discipline 
Ernest
Istook 
, Visiting Fellow in Government Relations at The Heritage Foundation who served14 years in the U.S. House of Representatives and was chairman of a subcommittee of the HouseAppropriations Committee, Post-Veto War Supplemental Must Eliminate Pork and SupportTroops, May 2, 2007, The Heritage Foundation,http://www.heritage.org/Research/Budget/wm1440.cfm, accessed 7/22/07A series of short-term supplemental bills would also destroy any hope of Members' exercisingthe fiscal discipline that this Congress has promised to provide. In the vetoed supplemental,Congress stuffed in an extra $20 billion of non-emergency spending, much of which likely wouldnot survive outside of "must pass" legislation. Although some special-interest spending wastaken out in the conference committee, there was still plenty to beef about: $1.4 billion to thelivestock industry, hundreds of millions for dairy producers, $60 million for salmon fisheries, a$650 million SCHIP bailout to states that irresponsibly expanded their programs,[3] plus billionsmore for programs whose value could be debated--all told, $21 billion more than President'soriginal request.As Charlie Rangel openly admitted on Meet the Press, most of that pork addedto the supplemental was used to buy votes. Increasing the number of short-term supplementalappropriations will only serve to increase the extent to which the leadership will need to greasethe skids with more pork projects in order to buy more votes to pass the series of supplementals.This two-month strategy would make it all the more vital for the President to require fiscalresponsibility by eliminating special-interest projects and parochial spending.As a final threat tofiscal restraint, piecemeal supplemental appropriations would enable Congress to subvert budgetdiscipline. Every non-defense, non emergency dollar stuffed into an emergency supplemental is adollar that does not have to be spent in regular appropriations bills, which count against thelimits that will be set in the budget resolution once it is passed. Non emergency spending insupplementals would allow Congress to spend freely, creating a back door for Congress toexceed limits in the budget resolution. Congress should live within reasonable means bydeclining multiple bites at the spending apple with one supplemental that will last the entirefiscal year. If Congress fails to meet this test, the President should take a firm stand against anylegislation--short-term or otherwise--that makes funding for the troops contingent on salmonfisheries, state bailouts, or routine non-defense spending and exercise his veto power again.
 
D. Economic collapse causes global nuclear war
Jeffrey
Nyquist
, Columnist for Financial Sense and WorldNetDaily and renowned expert inforeign policy and geopolitics, February 4, 20
05
“The Political Consequences of aFinancial Crash,”http://www.financialsense.com/stormwatch/geo/pastanalysis/2005/0204.html]Should the United States experience a severe economic contraction during the second term of President Bush, the American people will likely support politicians who advocate further restrictions and controls on our market economy – guaranteeing its strangulation and the steady pauperization of the country. In Congress today, Sen. Edward Kennedy supports nearly all theeconomic dogmas listed above. It is easy to see, therefore, that the coming economic contraction,due in part to a policy of massive credit expansion, will have serious political consequences for the Republican Party (to the benefit of the Democrats). Furthermore, an economic contractionwill encourage the formation of anti-capitalist majorities and a turning away from the free marketsystem. The danger here is not merely economic. The political left openly favors the collapse of America’s strategic position abroad. The withdrawal of the United States from the Middle East,the Far East and Europe would catastrophically impact an international system that presentlyallows 6 billion people to live on the earth’s surface in relative
 
 peace. Should anti-capitalistdogmas overwhelm the global market and trading system that evolved under Americanleadership, the planet’s economy would contract and untold millions would die of starvation. Nationalistic totalitarianism, fueled by a politics of blame, would once again bring war to Asiaand Europe. But this time the war would be waged with mass destruction weapons and theUnited States would be blamed because it is the center of global capitalism. Furthermore, if theanti-capitalist party gains power in Washington, we can expect to see policies of appeasementand unilateral disarmament enacted. American appeasement and disarmament, in this context,would be an admission of guilt before the court of world opinion. Russia and China, above all,would exploit this admission to justify aggressive wars, invasions and mass destruction attacks.A future financial crash, therefore, must be prevented at all costs. But we cannot do this. As oneobserver recently lamented, “We drank the poison and now we must die.”

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