Hello ladies and gentlemen, chair-person and timekeeper, today, my team and I will be telling you why credit card use should be restricted. But before I absolutely convince you of this, here is the affirmative team’s definition of the topic.
For the purpose of this debate, a credit card is a small plastic card issued by a bank that allows the holder to purchase goods and services without the exchange of any money, accumulating a bill. For this debate, restriction means limiting the amount you can spend on the credit card (a dollar value limit).
Do you hear all the popular songs these days? Ayo and Teo tell us that we need a Rolex. Snoop Dogg says he’s got a million-dollar boat, K.S.I tells us we all need to drive Lamborghinis’ and even BRUNO MARS tells us he has condos in Manhattan and jewellery shining so bright!!!!!
Popular culture influences us and popular music has a message – spend, spend, and spend. Unrestricted credit card use lets you spend money you don’t have with the promise you’ll pay it back. I totally get it, it’s nice to have these luxury items in life. But do we need them? The answer is no. If we do not restrict credit use we will encourage a generation of spoilt brats with no responsibility.
Unrestricted credit card use makes it really easy to buy things without thinking. This can cause people to get into excessive debt before they know it. Imagine this:
I’m going out tonight; I have plenty of clothes to wear but I’ll go buy a new outfit. Those shoes are cool and hey, that hat looks boss. I think I’ll buy those too.
In this situation this person was buying a new outfit that was completely unnecessary. Then they got distracted by other things they wanted to buy and bought more and more things. It’s too easy to spend money freely without thinking about the debt you have to pay back. If the credit card use is not restricted the amount of debt that someone could build up is huge. If the credit card was restricted for example to only a couple of hundred dollars then the debt would be manageable.
To summarise – without restricting credit card usage, it is amazingly easy for people to spend money they don’t have. It also opens the huge risk of people building up excessive debt that they might not be able to pay back.
In conclusion I’d like to quote the words of a rap song supporting my argument that credit card use should be restricted:
Swipe the stripe on my credit card
It’s a magnetic bar
I slide it through the machine
to see if my credit is clean
if it is i’m in bizz
each month they send a bill around mine
if i don’t pay the minimum i get hit with a fine
plastic money it feels like magic magic
anything you imagine you need you just grab it
it’s not real money we’re talking about
when you get in debt it’s hard to get out
Thank you all for listening.