Flags In the Yeshiva Discussion

Shortly before lunch today, the students of the yeshiva discussed whether or not to have flags in the beis midrash - specifically that of the American flag and the Israeli flag.
While this initial discussion lasted only fifteen minutes long, it is only the start of the conversation on this topic, as evidenced by the lunchtime discussions overheard in the yeshiva.
A number of reasons and concerns were raised that went both ways and that will still be discussed.