Past ICEO Events
National Issues Forum Discussion
A Nation in Debt. How can we pay the Bills?
June 15, 2012
It's become apparent to many Americans that if we do not act decisively on the nation's debt soon, our economy will be seriously hobbled and we will dump an unsustainable burden on our children and grandchildren. This year the National Issues Forums Institute (NIF) convened a nation-wide conversation on A Nation in Debt: How Can We Pay the Bills? The results will be shared later this year with state and federal leaders.
As a member of the National Issues Forum, MCC's Institute for Community Engagement and Outreach joined the conversation. On June 15, faculty, staff, and community members took the opportunity to speak out on this issue.
During the discussion, participants considered three possible options for addressing the problem. Which included:
- Agree to Make Sacrifices Now. We need to compromise on our differences and act now to reduce the national debt. We need to raise taxes and cut spending; neither will get the job done alone.
- Strengthen Checks and Balances. Citizens willingly accept more benefits than government can afford and leaders are too willing to help us dig this hole. Our top priority should be to make systemic changes to increase fiscal responsibility.
- Invest in Growth First. We need to encourage economic growth and invest in research, development, infrastructure, and science education. Growing the economy will boost tax revenues, make the debt more manageable, and will be better for the country in the long run.
For additional information, contact: Endia DeCordova