Taxes are the best way to lower the national debt

Observations Taxes- a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. Debt- something that is owed or that one is bound to pay to or perform for another Credit Rating- a classification of credit risk based on investigation of a customer's or potential customer's financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred. From Dictionary.com Observation 1 - The only way for the government to gain money besides taxes right now would be to take out more loans, which will put them into deeper debt. Contentions 1.The debt will lower the united states credit rating, making getting money in the future from other countries/people more expensive in the future, making taxes higher in the future 2.The government has no other form of income besides taxes Contention 1- The debt will lower the United States credit rating, making taking out more loans more expensive in the future, which makes future taxes higher. A credit rating is based on many things, such as "customer's or potential customer's financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred." If your credit rating is bad, you need to pay more interest on your loans, because the lender is less sure you will pay the loan back. The United States, according to treasurydirect.gov, paid $8,702,166,816.21 in October alone, and that was a good month. The united states paid $430,812,121,372.05 last year. That's $35,901,010,114.3375 a month! Granted, 430 billion a year isn"t much compared to 17 trillion, but if we multiply $430,812,121,372.05 by 4, without adjusting for the increasing debt, we get $1,723,248,485,488.2 as our interest debt from 2014 to 2018. That means we produce nearly a trillion dollars in interest debt every two years, and soon, it will be even more. 1 trillion dollars onto a 17 trillion dollar debt matters. Now, this all leads back to credit rating. Soon, the United States will not be able to take out more loans without its credit rating dropping, making it more expensive to take out more loans, getting them into deeper debt that lowers their credit rating again. Lets look back and see what makes up a credit rating. A "customer's or potential customer's financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred." The United States literally has no money. They do have gold and oil, but the only way for the government to make revenue off of that would be to tax to companies who mine/dig for it. The United States cannot maintain their great prior payment pattern in such great debt, as they cannot pay off old loans without taking out new ones. Finally, similar to prior payment patterns, the united states will not be able to keep up it"s amazing history of always paying back loans when it has so many. Now that we have shown why the debt matters, lets look at why taxes are the best way to stop or slow it down. Contention 2- The government has no income besides taxes and loans This argument is very straight forwards. The government makes consistent money in two ways, taxes and loans. The previous contention explains why the government cannot take out so many loans, so taxes are the only way they can make money. Corrections/ factual misconceptions in my opponents case 1.The only way for the government to make money off of oil/gold/other resources would be to tax the companies that mine them. 2.My opponent stated Japan"s economy is the 25th best in the world. According to the website he sited, http://www.heritage.org..., Japan"s economy is 25th freest, in the world, not best. According to BBC, http://www.bbc.com..., "The country (Japan) has been struggling economically for around 20 years"