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Joe_Cavalry All Day Every Day


Debate Info

1
6
Yup Nope
Debate Score:7
Arguments:6
Total Votes:7
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Argument Ratio

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 Yup (1)
 
 Nope (5)

Debate Creator

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Is the U.S. too big to fail?

The U.S. printed a lot of money to bail out companies that were deemed too big to fail.  The rest of the world realizes that this action means that their dollars just lost value but they seem to be going along with the plan. 

If those companies had failed, the U.S. would have suffered economically and possibly would have collapsed.  If the U.S. collapsed it may have brought down the rest of the world with it.  Is this why the rest of the world is going along with the plan; because the U.S. is too big to fail?

Yup

Side Score: 1
VS.

Nope

Side Score: 6
1 point

Of course the US is too big to fail. We are the fourth largest exporter in the world.1 There are also a lot of countries that hold our debt, so if we failed all of that debt couldn't be payed off, leading to a global recession or even depression.2 I doubt we are going to pay it off anyways, but foreign countries are making a killing off of interest :).

1. https://www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.html

2. http://en.wikipedia.org/wiki/File:Foreign_Holders_of_United_States_Treasury_Securities-percent_share.gif

Side: Yup
2 points

Plain and simple- nothing is "too big to fail", not even the human species. Look at all of the mass extinctions in the world! Were the dinosaur populations "too big to fail"? Absolutely not.

And a government is much more fragile than a species in and of itself.

Side: NOPE

I'm just waiting for some country to decide that they are not going along with the plan. Then they can add another scenario to this web site ;)

http://www.instituteforhumancontinuity.org/

Side: NOPE
1 point

For the time, I think Rome was quite a bit bigger and it had no problem failing.

But it wasn't just the US. Economic advisors from all over the western world agreed that their various banks and large companies were too big to fail, and bailed them out as well. We weren't even the first ones to begin bailing out large companies.

I thought it was a mistake, but it's hard to argue with the economies recent turn-around, hopefully they have the oversight in place to ensure the whole thing doesn't happen again.

Side: NOPE
1 point

As someone mentioned earlier, all these former great powers such as the British, Romans, Byzantine, Greece, Ottomans......they all thought that they were invincible...what makes someone think that such a thing is not possible for our country is beyond me. Believing in some sort of human superiority of US over the rest of the world is just plain stupidity.

Using the "if we fall, they will fall with us" might not work any longer as it did in this last instance of economic recession.

Every empire rises and falls, no exceptions. It is just a matter of how and when.

Side: NOPE

The bigger they are, the harder they fall!

That's actually true when it comes to nations. I mean, look at Rome.

Side: NOPE