National Debt
Written Assignment
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Readings | Planning | Revision | Proofreading
Assignment Overview
Abstraction.
How do you understand an idea? A concept? A way of looking at the world? And why? Why is it necessary to do this?
On one level, the "how to" is easy: first read up on the subject and then, to truly understand it, write about it; second, you have to want to understand the idea or concept.
Why is that desire to understand so important? Because without it, you will not devote the necessary mental energy needed to feed your imagination. And your imagination and intellect -- the left and right side of your brain -- are necessary to fire off the neurons that will get you to understand abstractions. That understanding lies at the core of the college endeavor. It is this ability to understand connections between seemingly disparate ideas or evidence that mean the difference between a job with a corner office ("I'm presenting at the London conference") -- and a job in a grease trap ("Where does this used lard go?")
Purpose of Essay
This next assignment is designed to get you in that corner office. It will show you how to understand, form an opinion on, and then write about an abstract concept: in this case, the best way to reduce America's national debt.
Topic of Essay
It's clear that the federal government is currently in debt: the question is what is the best way to reduce the debt. This is similar to solutions in essay #1, but in this case, instead of reporting what others feel is the solution, you'll research and then develop your own solution.
The importance of this kind of writing is clear: your votes and taxes are involved. You want to vote for candidates who share your opinions on the best way to address problems -- and since they decide how our tax dollars are spent, government debt needs to be addressed by politicians.
Begin thinking early -- and asking classmates, other professors, family, friends, random people on the street, etc., questions about this topic. You'll find that some people are stuck in their own ideas about the economy or don't really think about it.
There's a problem with that. And it involves the Cement Truck of Life
In life you have to make choices. You can live the unexamined life, like Calvin (the little boy in the cartoon) above. But why not do both? Why not live for the moment and watch the road (a cement truck is one of the best examples of kinetic energy -- particularly when it hits a pedestrian). Hobbes's (that oh so intelligent tiger) motto "Look down the road" suggests that foresight and knowledge are necessary to truly enjoy life -- and to avoid being buried in an envelope.
Discourse
ideologies, conservative, liberal, recession, capitalism, socialism,
These are some of the terms you've heard about: now you'll get a chance to understand them.
Written Assignment
Two choices here:
1) write an essay that argues that ____ is the best way to reduce the national debt. Your divisions would consist of different reasons why this is the direction America should take
2) write an essay arguing that ____, ____, and _____ are the best ways to reduce the national debt. Here your divisions would list out suggests for reducing the national debt.
This is an academic essay, so the tone is formal, but remember that you need to keep the reader interested. Follow the suggestions below for planning, drafting, and revising your essay. As stated in the Assignment sheet for essay #1, for this and all essays, assume your audience is college educated (or getting there).
Requirements
Final draft, minimum of 1,150 words. In addition to at least three of the assigned essays, you need to include a minimum of one other source (which means a minimum of four works cited entries and at least four in-text citations): most good essays use five-six sources. That said, the emphasis is on your reasoning: it's what you actually do with the sources that makes a good essay. Essay must include introduction (with thesis and division statement), body paragraphs, counter-arguments and rebuttal, and conclusion.
Note on sources
See "How Do I Find Sources" ( I&C 139 +) for help on, well, finding sources. If taken from the internet, sources MUST be from the libraries databases, which can be accessed through the "Library Links" on the course site through our library's home page. ANY other internet source MUST (that's MUST) be approved by me before (that's BEFORE) you include them in your essay. The penalty? A substantially lowered grade (i.e. in the "D" range).
Learning Objectives
After successfully completing this assignment you will have learned how to
- Articulate the differences and similarities between several different abstract concepts
- Move from abstraction (causes of a crisis/economic ideology) to the concrete (examples)
- Develop a narrow topic for an essay from a broader subject.
- Finding, selecting, and evaluating sources (information literacy)
- Turn information into knowledge by using current events, statistics, and/or historical examples to prove an argument
- Develop engaging introductions and conclusions
- Develop a single idea (division) over the course of two or more paragraphs
- Understand the advantages of revising your work in stages (paragraph by paragraph)
- Use more sophisticated punctuation (dashes, colons, semi-colons)
- Proofread your work so that it does not interfere with reader's comprehension of your argument
- Manage your time and complete each draft by the assigned due date
Directions
Follow suggestions below and in I&C.
Grading Criteria
To receive a passing grade, you must successfully complete the following:
Organization : A thesis statement which clearly states the subject, your position and the divisions of your essay. A counter-argument and rebuttal.
Content : Overview of issue you're discussing; clear and balanced arguments, developed with examples, descriptions and narratives, and a full and persuasive development of the reasoning behind each of the examples.
Proofreading : Sentences that are clear and no more than 5 major errors (major errors include sentence fragments, run-on sentences, verb-tense error, subject-verb agreement error, unclear phrasing, documentation and spelling/wrong word error).
Things to Watch for
Lack of explanation. Your examples do not speak for themselves -- in fact, your argument lies not in the evidence, but in why and how the evidence supports your point. And since examples can't speak, it's up to you to connect them to the point of your paragraph and the larger point of your essay.
Readings
Readings are found below.
You should make up your own writer's notes. If you like, you can copy and paste the following as a template:
____________________________________________________________
MLA works cited entry
Background information and stats on ______ (blank being your topic)
Why the author thinks ___ helps ____
Why the author thinks ___ hurts ____
Connections among essays
Financial Discourse
Assigned Readings
Readings #1
If your focus is on the financial crisis, read these:
Readings #2
If your focus is on the financial crisis, read these:
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Nov 28, 2010 | pg.B.2 | Lexile Score: 1310 | Size: 12K | SIRS Researcher
Summary: "Budgets may be boring, but the stakes before us are exceedingly high. As we go about reducing the deficit, who will pay which taxes? How will we defend our country? And how will we treat our elderly? Unfortunately, questionable thinking and outright distortions by critics from across the political spectrum are getting in the way of these and other difficult decisions." (Washington Post) In this article, the author comments on five myths about the U.S. federal budget deficit.
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Nov 22, 2010 | pg.A.17 | Lexile Score: 1380 | Size: 6K | SIRS Researcher
Summary: "The draft recommendations of the president's commission on deficit reduction call for closing popular tax deductions, higher gas taxes and other revenue raisers to drive tax collections up to 21% of GDP [gross domestic product] from the historical norm of about 18.5%. Another plan, proposed last week [Nov. 2010] by commission member and former Congressional Budget Office director Alice Rivlin, would impose a 6.5% national sales tax on consumers. The claim here, echoed by endless purveyors of conventional wisdom in Washington, is that these added revenues--potentially a half-trillion dollars a year--will be used to reduce the $8 trillion to $10 trillion deficits in the coming decade. If history is any guide, however, that won't happen. Instead, Congress will simply spend the money." (Wall Street Journal) In this article, the authors contend that "higher tax collections" won't result in less government spending.
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Oct 23, 2010 | pg. 10 | Lexile Score: 1270 | Size: 7K | SIRS Researcher
Summary: "So, the question is not whether the United States needs to reduce its deficit. Of course it does. The question is when. Now is not the time. Unemployment is still near 10 percent in the United States and in Europe. Tax cuts and spending increases stimulate demand and raise output and employment; tax increases and spending cuts have the opposite effect." (International Herald Tribune) Christina Romer, former chairwoman of President Obama’s Council of Economic Advisers, argues that making spending cuts now will harm the U.S. economy.
Unassigned Readings
- Why Cuts Don't Bring Prosperity; [Business/Financial Desk]
David Leonhardt. New York Times (Late Edition (East Coast)). New York, N.Y.: Feb 23, 2011. p. B.1
- After 30-Year Run, Rise of the Super-Rich Hits a Sobering Wall ; New York Times (New York, NY) , David Leonhardt and Geraldine Fabrikant Aug 21, 2009 | pg. A.1 | Lexile Score: 1240 | Size: 16K | SIRS Researcher Summary: "The rich, as a group, are no longer getting richer. Over the last two years [2008-2009], they have become poorer. And many may not return to their old levels of wealth and income anytime soon. For every investment banker whose pay has recovered to its prerecession levels, there are several who have lost their jobs--as well as many wealthy investors who have lost millions. As a result, economists and other analysts say, a 30-year period in which the super-rich became both wealthier and more numerous may now be ending." (New York Times) This article explores how America's wealthiest were able to amass their fortunes and the factors that are decreasing their net worth.
- U.S. May Face Years of Sluggish Growth ; USA Today , David J. Lynch May 7, 2009 | pg. n.p. | Lexile Score: 1380 | Size: 11K | SIRS Researcher Summary: "[D]espite encouraging signs that the economy's recent disorienting plummet is slowing, the long-run picture is darker. 'Potential real GDP growth has never grown as slowly during the history of the U.S. since 1875 as it is growing today,' economist Robert Gordon told a November [2008] conference at the Federal Reserve Bank of San Francisco....In the short run, as the financial system heals from the self-inflicted wounds of recent years, the economy is likely to perform even more poorly. More than 5 million jobs have disappeared in the past 15 months, and consumers and corporations are focused on paying off debt rather than spending or investing in new productive capacity." (USA Today) This article explains why economists are forecasting slow growth for the U.S. economy and the implications of decreased productivity, which will affect "everything from job creation and stock prices to the funding of government-entitlement programs such as Social Security."
- In One Year, 24 Million Slide From 'Thriving' to 'Struggling' ; USA Today , Susan Page Mar 10, 2009 | pg. p. A.1 | Lexile Score: 1200 | Size: 12K | SIRS Researcher Summary: "More than 24 million Americans shifted in 2008 from lives that were 'thriving' to ones that were 'struggling,' according to a massive study by Gallup and Healthways, a Tennessee-based health management company. Results from its Well-Being Index—including physical and mental health as well as personal finances and job satisfaction—are being released today [Mar. 10, 2009]. The index categorizes respondents based on how they rate their current lives as well as their expectations of where they will be in five years." (USA Today) This article considers the results of a Gallup poll which showed many Americans consider themselves to be struggling financially and "faith that the next generation will have a better life than their parents—is eroding."
- A Spectre Is Haunting America ; In These Times Vol. 33 No. 3 , David Moberg Mar 2009 | pg. 30-32 | Lexile Score: 1450 | Size: 16K | SIRS Researcher Summary: "Since 1980, the idea that government is bad has dominated American politics--from Ronald Reagan's maxim that government is the problem, not the solution, to Bill Clinton's declaration that 'the era of big government is over.' But President Barack Obama's inaugural address marked the beginning of a new--or at least renewed--paradigm that shifts the balance between government and markets, or public and private power....There's a strong case that nationalization would work best, thereby meeting Obama's criteria for pragmatic governance. But private interests and ideological blinders are blocking the administration from seriously considering it. Ironically, nationalization could do more to save--and perhaps even favorably transform--capitalism than more timid uses of government power and money." (In These Times) Author David Moberg asserts that contrary to popular perception, government can take a more active role in the 2009 economic crisis, contending that "Obama needs to shift policymakers and the public toward seeing that government, when well run, can be a beneficial force that does more than monitor the flaws and clean up the wreckage left by the market and by big corporations."
- Guess What? The New Deal Worked ; History News Service , Steven Conn Feb 18, 2009 | pg. n.p. | Lexile Score: 1200 | Size: 7K | SIRS Researcher Summary: "Since the economic crisis we're now in is being compared to the Great Depression, the solutions being offered are being routinely compared to the New Deal. Republicans in particular have been quick to pronounce the New Deal a failure as a way of justifying their opposition to the new stimulus package and any other federal response to our new Great Depression....Whatever you think of the Obama administration's proposals, to declare the New Deal a failure gets the history fundamentally wrong. The legacy that FDR created proved remarkably successful and remarkably enduring." (History News Service) Author Steven Conn explains how the New Deal was a success. Conn asserts: "The New Deal operated at three levels: first, the programs established by the New Deal worked immediately to bring economic relief; second, the long-term changes the New Deal made to the structure of our economy brought the cycles of the economy under better control; and, finally, the New Deal re-shaped the social contract between our citizens and our government."
- Buying the Bull ; Mother Jones Vol. 34, No. 1 , Dean Starkman Jan/Feb 2009 | pg. pp. 36+ | Lexile Score: 1320 | Size: 19K | SIRS Researcher Summary: "I worked as a Wall Street Journal staff writer for eight years ending in December 2004 and now critique the business media full time at the Columbia Journalism Review. I'll attest that business journalists as a rule are as smart, sophisticated, and plugged-in as they seem. And yet that army of professional business reporters--an estimated 9,000 or so nationwide in print alone--for all practical purposes missed the biggest story on the beat. Why?" (Mother Jones) The author of this article answers this question by reflecting on how the changing financial and political landscape made business reporting more difficult, but doesn't excuse reporters for failing to ask the hard questions that should have been asked.
- Finding the Mess Behind the Mess ; New York Times (New York, NY) , Tyler Cowen Aug. 24, 2008 | pg. n.p. | Lexile Score: 1130 | Size: 6K | SIRS Researcher Summary: This article explains that "behind every financial crisis there is usually a crisis in the real economy, based in some underlying structural deficiency. Even if the financial crisis is bottoming out, sooner or later the real crisis must be faced. The fundamental problem in the American economy is that, for years, people treated rising asset prices as a substitute for personal savings. The thinking went something like this: As long as your home's value rose every year, you didn't have to set aside so much from your paycheck. If your stocks went up, too, so much the better; don't forget that the Dow Jones industrial average stood in the 800 range in 1982 and seemed to rise almost nonstop for many years. Of course, asset prices haven't been rising much lately, so many people will need more savings for their retirement or for possible emergencies. The need to save more sharpens a number of interrelated secondary problems." (New York Times)
- Economic Stimulus Package : An Overview. By: English, Marlanda . Points of View: Economic Stimulus Package , 2009, p1-1 , 1p ; Reading Level (Lexile): 1270 ; ( AN 43282372 ) HTML Full Text
- Point: The Economic Stimulus Plan is a Necessary and Appropriate Method of Addressing the 2008-2009 Recession. By: Berger, Adam . Points of View: Economic Stimulus Package , 2009, p2-2 , 1p ; Reading Level (Lexile): 1300 ; ( AN 43282373 ) HTML Full Text
- Counterpoint: The Economic Stimulus Package Will Fail in the Long Term. By: Cushman, C. Ames . Points of View: Economic Stimulus Package , 2009, p3-3 , 1p ; Reading Level (Lexile): 1580 ; ( AN 43282371 ) HTML Full Text
- Lessons of the Crash of '08. Full Text Available By: Sloan, Allan . Fortune , 9/28/2009, Vol. 160 Issue 6, p72-74, 3p ; ( AN 44245310 )
- The roots of a crisis--and how to prevent the next one. Full Text Available By: Fox, Justin . Time , 9/28/2009, Vol. 174 Issue 12, p44-45, 2p, 4 color ; ( AN 44282625 )
Planning
Most students suggest rereading selected parts of the essays. Look over your notes for specific arguments that discuss how to reduce the national debt. These will often be connected to arguments about the size and strength of government.
More specifically, look over the following quick outline and the more detailed examples below.
- Look over homework and group work: decide upon a position
- Make a list of 6 or so pros and cons on that issue
- Look over "How Do I Come Up With Reasons?" (I&C) to prime your mental pump and get you thinking about possible pros and cons
- Ask the following question if you're having trouble getting started:
- ____ is one way the national debt can be lowered
- Look over list and
- group related ideas
- choose three reasons from these as divisions.
- Craft thesis and division statement (see below for thesis statement format)
- Use Reasons and Evidence sheet (make your own using the death penalty one as a guide) or outline to organize your thinking and notes. Get quotes from readings to support your assertions.
- Develop topic sentences that build from divisions
- Define divisions in body paragraphs
- Use two part development for each division:
- Quote/fact from the readings as basis for your division;
- Explanation of why/how quote -- and by extension reason behind your division -- proves your thesis (e.g. good/bad for America).
- Develop a counter argument
- Get draft to me ASAP
It ain't easy, is it? If you're not a demagogue, you should have conflicting opinions: you probably find that there is both good and bad elements of any issue. This is as it should be. Your goal now is to winnow out the positives and negatives and decide which, on the whole, is best for America .
"How do I winnow?" Glad you asked. Remember essay #2? After some pre-writing you generated a list of different reasons for an against a topic. Same thing here. Using the ideas in the readings, your new-found (or tried and tested) knowledge of current events, the "How Do I Come up With Reasons " in I&C, and considering both short and long term effects, generate a list of reasons for and against your topic. Putting this on paper should help you determine which position is best for America .
The main point here is to choose your divisions and practice persuading your reader why these divisions prove your position is valid. Again, try, whenever possible, to relate your position to "real-life" to illustrate its relevancy.
A general idea? Some choices depending on your focus.
- ______ is the best way to reduce the national debt because _____, _____, and ______.
- The best ways to reduce the national debt are _____, _____, and ______.
For ideas on divisions, look over the specific reasons you've developed, both through the readings and (gasp!) through your own thinking on this issue.
When introducing (providing a context) your examples or explaining them, use the verb list in the "Citing Sources" section of I&C to shift your language into an argumentative discourse.
You could also try the following:
"The problem with ___ is that _____."
"This ______ helps American workers/industry/rich because __________"
The advantage/s of ________ is/are _______."
It's your job to prove the validity of your ideas regarding the shrinking of the national debt. Using argumentative discourse will help ("This will" "These statistics prove") shift your essay into, well, an argument.
Should you use personal examples? Yes. Should you use examples from the readings and or from textbooks from other courses? Yes. Should you use examples from "real life"? Yes. Could you invent scenarios? Yes. Should you tell your readers that these scenarios are invented? Yes. Most importantly, should you remember that this is only the first of many drafts and the most important thing to do is finish the darn thing? Yes. Are you tired of me asking "yes" questions?
Consider, finally, a more traditional outline such as the example below
- Introduction
- Definition paragraph
- Thesis
- Division #1 (1-2+ paragraphs)
- Topic sentence
- Prove validity of division/reason with fact (explanation?)
- Argue why this proves/suggests thesis is correct.
- View of other position? (Counter argument)
- Division #2 (1-2+ paragraphs)
- View of other position? (Counter argument)
- Division #3 (1-2+ paragraphs)
- View of other position? (Counter argument)
- Conclusion
- Shout "Wa Hoo!" (note that this is shouted -- do not include in essay)
Revision
See revision section of Packet on Income Inequality for suggestions on revision (a different but related topic). Make allowances for changes in the topic.
Proofreading
See proofreading section of I&C and packet above for suggestions on proofreading.
© 2011 David Bordelon