1. Case outweighs the d/a- a lack of morale within the military causing a decline in the ability of the United States military to retain trained, and successful soldiers- that’s spencer, without a visibly strong military we loose our ability to respond to global crises meaning that other nations are encouraged to challenge the United States-that’s Perry. The impacts their mead evidence isolates is inevitable in a world without the plan because countries wont be afraid to challenge us. Post plan even if a war does result, retaining our military primacy will prevent the war from escalating to a nuclear war-Kagan, extinction becomes inevitable in a world without the aff 2. Investor confidence low – comprehensive study proves
Jeff Benjamin, Investment News, 7/21/2009 (http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090721/REG/907219990)
Hedge fund managers and corporate boards received low marks with regard to ethical behavior in a recent survey of financial-industry professionals. The CFA Institute yesterday released the Financial Market Integrity Index illustrating “soured sentiment and shaken faith” among financial professionals regarding the ability of current U.S. investor protections to ensure an orderly functioning of the equity markets. In the ethical-behavior category, the perception of hedge fund managers was lowest overall, with pension fund managers earning the top-rated spot. More than 2,000 investment professionals participated in the research by taking the survey either online or via telephone interview in February and March. According to the report that accompanied the survey findings, respondents generally consider corporate boards and corporate executives to be most responsible for the current financial crisis. The Financial Market Integrity Index is designed to gauge chartered financial analysts’ perceptions of the state of ethics and integrity in different markets around the world. Based on their perception of market ethics and integrity alone, only 49% (versus 68% a year ago) of U.S.-based respondents were likely to recommend investing in U.S. markets. Those outside the United States also appear to have lost faith in the U.S. market systems, according to the finding. In last year’s survey, those outside the United States rated regulatory and investor protections higher than did those inside the country, but this perspective was reversed in the 2009 survey findings. “It is clear that CFA charter holders have lost confidence in some financial professionals and market protections in the United States over the last year,” Matthew Orsagh, project manager for the FMI, said in a statement. “These findings mirror the results we see in other markets surveyed, although there are unique concerns shown in each market,” he added.
3. His uniqueness evidence is awful- it specifically cites the fact that investors are unnerved by the amount of debt that the United States has accumulated. Quotes the fact that “The patience of many foreign investors is already strained.” Nowhere in the card does it say that confidence is actually high. 4. Prefer our uniqueness evidence- it postdates by over a month. Postdating is important in econ debates because market circumstances changes on a weekly basis as the market fluctuates. 5. Too many alt causes- medicare, social security, and other wasteful federal programs means spending increases are inevitable
Edwards, director of fiscal policy studies at the Cato Institute, 2004 [Chris Edwards. “Downsizing the Federal Government.” 6/2. http://www.cato.org/pubs/pas/pa-515es.html]
The federal government is headed toward a financial crisis as a result of chronic overspending, large deficits, and huge future cost increases in Social Security and Medicare. Social Security and Medicare would be big fiscal challenges even if the rest of the government were lean and efficient, but the budget is littered with wasteful and unnecessary programs. In recent years, mismanagement scandals have occurred in many federal agencies, including the Army Corps of Engineers, the Bureau of Indian Affairs, the Department of Energy, the Federal Bureau of Investigation, and the National Aeronautics and Space Administration. Even the National Zoo in Washington has recently been shaken by scandal. The $2.3 trillion federal government has simply become too big for Congress to oversee. The good news is that Americans do not need such a big government. Most federal programs are unconstitutional, unnecessary, actively damaging, or properly the responsibility of state governments or the private sector. This study analyzes programs that could be cut to create annual budget savings of $300 billion. If these cuts were phased in over five years, the budget would be balanced by fiscal year 2009 with all of President Bush's tax cuts in place.
6. Evidence doesn’t assume increased military spending-would boost investor confidence because it’s seen as improving American security and in turn, the safety of their current investments
7. Federal reserve checks total collapse
Ben Benanke, Chairman of the Federal Reserve, 7/21/2009 (http://money.cnn.com/news/newsfeeds/articles/djf500/200907211037DOWJONESDJONLINE000426_FORTUNE5.htm)
Many of the improvements in financial conditions can be traced, in part, to policy actions taken by the Federal Reserve to encourage the flow of credit. For example, the decline in interbank lending rates and spreads was facilitated by the actions of the Federal Reserveand other central banks to ensure that financial institutions have adequate access to short-term liquidity, which in turn has increased the stability of the banking system and the ability of banks to lend. Interest rates and spreads on commercial paper dropped significantly as a result of the backstop liquidity facilities that the Federal Reserve introduced last fall for that market. Our purchases of agency mortgage-backed securities and other longer-term assets have helped lower conforming fixed mortgage rates. And the Term Asset-Backed Securities Loan Facility (TALF), which was implemented this year, has helped restart the securitization markets for various classes of consumer and small business credit. Earlier this year, the Federal Reserve and other federal banking regulatory agencies undertook the Supervisory Capital Assessment Program (SCAP), popularly known as the stress test, to determine the capital needs of the largest financial institutions. The results of the SCAP were reported in May, and they appeared to increase investor confidence in the U.S. banking system. Subsequently, the great majority of institutions that underwent the assessment have raised equity in public markets. And, on June 17, 10 of the largest U.S. bank holding companies--all but one of which participated in the SCAP--repaid a total of nearly $70 billion to the Treasury. 8. Economist evidence doesn’t ever say that economic collapse would result. Card only gives advice as to whether or not the United States government should raise taxes in this instant. You prefer our impact evidence because it comes from the Chairmen of the Fed reserve who has knowledge of the interworking of the American economy as opposed to a the economist which is merely a magazine.