Lou Dobbs: David Walker & Patrick Creadon On USA Debt 09/20/08

[singledad1234]

its OK they just RAISED THE DEBT CEILING

everything is FINE here folks

GO BACK TO SLEEP

[aviomaster]

-- Leaders of USA have been elected by themselves ,, Money and Power ,,,

[frankrnelson]

When you paid into the Social Security trust fund for 40 years, all the time being told by the gov't that it's for your retirement, then it's a big double-cross for the gov't bums to come back today and tell us Social Security is an entitlement program. What happened to the $250,000 (plus or minus $50,000) each of us were FORCED to pay in over the past 40 years? The fact is, I understand, that the parasites in Congress borrowed it to fatten their own retirements. It's payback time!

[buzzz121]

Amen to that!!

[controlpopulation]

2040 to be a third world country? I think he's being nice, I say were almost there now. I give it to 2020.

[teddychow123]

If I remember correctly , in Q1 or Q2 of 2008 , federal government has injected huge fund to rescue the subprime crisis . Where does the money go ? Some predict leverage buyout is the next crisis , but it didn't happen . Any consipracy theory ?

[lezlitaz]

we have already seen our new leader....are you impressed??

[DontSprayMeBro]

this bail out is a fraud....today congress lifts oil drilling ban... this bail out will bankrupt any efforts to implement Pickens plan or any other alternative energy efforts.

smoke and mirrors folks, more smoke and mirrors.

[aln2325826571]

53 trillion dollars - that doesnt include all the hedge fund debt insurance liabilities of AIG fannie and freddy mortgage failures -

Someones going to do the maths soon and work out the interest alone on the 'real' debt exceeds GDP - then its game over for the dollar.

[momofsprout]

Please. This is a Republican crime.  This is market fundamentalism and deregulation and no oversight. The debt is McCain's.

[ebaum1saik]

No, this is a government crime. Democrats, Republicans and the Fed have created this problem. The market has been controlled by the government. This is not the fall out of free market capitalism, it is the result of excess government control and regulations.

[haberdasher999]

score 1 for ebaum, you're right