Your Black World reports
In this audio clip, Dr. Boyce Watkins and conservative Amstrong Williams debate on “Open Line” on Kiss-FM in New York City.
Dr. Watkins and Mr. Williams stand on different sides of the ideological fence as it pertains to how to cut the national debt. Williams argues that deep cuts in government spending are necessary, including Medicare, Medicaid and Social Security. He says that the United States government is at risk of default within the next 10 years, which could send our country into an economic tailspin.
Dr. Watkins argues that social programs have been cut to the limit, and that it is the Bush tax cuts from 2001 that have created the massive national debt accumulated over the last 10 years. Dr. Watkins argues that if the rich were simply asked to pay the same level of taxes that they were paying before the Bush tax Cuts, the deficits created under the Obama Administration would have been cut in half, due to higher government revenue. Additionally, Watkins argues that higher spending under Obama is largely due to the unprecedented bailout that was needed to save banks, and is not the reason that the deficit has increased to current levels. If the US were to withdraw from Iraq and Afghanistan and get rid of the Bush tax cuts, the budget could be rebalanced and the national debt could be reduced substantially.
You can listen to the debate by clicking here.
Dr. Boyce Watkins is the founder of the Your Black World Coalition. To have Dr. Boyce commentary delivered to your email, please click here.