The Trillion $$$ Dollar U.S. Economic Deficit Caused By Our Government

[LelouchCommandsYou]

someone told me the debt is a scam to get more money from the people. i wouldnt be suprised. but i would find it unlikely.

[akphidelt2007]

Oh puhlease... a trillion dollars is really not that "jaw dropping" of a number when referring to overall economic conditions of America. We have 310 million people in this country not including all the international trade we do (which amounts to trillions). That's only $3,225 per person. And the Government's debt is not money the Govt owes us, it's money we owe the Govt because the Govt is us. Learn the basics of the economy and you will understand how a lot of your fears are ignorant.

[MrFoofy]

Here's what I think is happening. K so, we're under a mountain of debt. We are currently printing money at a reckless rate, causing inflation to set in. Because of the inflation, it's not actually the amount we owe that's increasing rapidly. The situation is we're trying to pay it off with wildly inflated currency. We're essentially chasing a total amount of value that we can't equal unless we fix the inflation issue with the dollar (end the fed!)

[GunBroker100]

And here we are three years later. The debt ceiling of 14.7 Trillion dollars has been achieved and the government is now in danger of defaulting on the loans. Now the creative financing,( remember the housing sub-prime fiasco?) truly begins. The sub prime mess will be nothing compared to the nightmare this will be for the American taxpayer. The brunt of this will be born by the Elderly and poor. As DEEP cuts will be made to Social Security and Welfare payments.

[deltaalpha21074]

What is worse than this is the "BIG LIE" that OIL will last for next 10 years....Guess what you are in serious, serious; trouble and GASOLINE IS now on a Limited shelf Life...I see it folding in 8 years.

[LambChowder1]

Don't like the debt and regulation? Go to Somalia

[race88100]

I don't know why people even care about the deficit we have always had one and always will be one, this is how the government operates. Whenever the government needs more money they print it and then take it back from us. The deficit is just pure political bullshit they use against everyone.

[buxmeanbiz]

Take the oil Companies out of our economy and the Deficit starts to come under control by the people for the people . .  until the American population sees that to control their day to day routine they only need to go without gasoline or diesel fuel . .and to do so . . . just convert . . . no one has to buy a $60,000 dollar vehicle to convert . . it's Menlo Park Calif.,

[24filmcritic]

My massive, interest based bills are MY PERSONAL DEFECIT in which I must slave away day by day just to survive and comply. Yet we constantly hear whining about budgeting from our government that wrecklessly spent OUR money? Although they still live in luxury while working for us...allegedly. What about the people huh?! Who else shares this thought?

[ryanbachrach]

!! ...wO:[teN]:der tooß:ad[re:wind...?]

[PanicButton042]

The most aggravating thing about the US government is that they could have seen this coming for years, and yet they did nothing to prevent it. But no one in Washington wants to stop spending...

[Pomiferous]

@PanicButton042

 Deficit spending is an ongoing trend according to the credit card industry.

[geehuckwow]

The debt is a scam. The USA must take over the printing of money as needed. The "borrowing" idea is a bank scam. Necessities = housing, food, utility, transportation, must be all non-profit volunteer work, and free to volunteers!!! Capitalism can have all the rest. Then there would be plenty of everything for volunteers that would only have to work a week a year per dependent. Business would go WILD because banks and home rentals are waste. Economy = NO waste. ALLOW people to work and they will!

[ThePopcorn2323]

Generational Theft.

[vspqbd]

As I said on the video this is a response to;

Solution: Abolish Government.

[mrgetrealpeople]

The tarp bailout added $730 billion to Obama's budget that he gets credit for, when actually tarp was under George Bush If you want some math I'll give you some math, when Ronald Reagan came into office the national debt was $900 billion 8 years later it was $2.7 trillion. If Obama has the same percentage of increase as Reagan the debt would be $31.881 Trillion, the Bush tax cuts also reduce revenue and create debt. $700 billion, in fact.

[faceswithin]

ask your self one things why Mr. Bush give so much to another country there poor and help so many if we were in the hole. why does Obama still give so much money to so many poor in other countries why two wars why military bases in so many countries why does the people in the government live so well . Now the questions why do they want to cut the money we pay in to our cops firemen schools poor metal ill old and the program to help us with our streets. Now where do you think they should cut

[fraidykat]

aying off the debt i easy? Aha, Aha, AHAHAHAHAHAAAA!!! Oh my god. Ok, let me put it into matter you might understad, buying house, or buying cars. it is very easy to 'buy" a house or a car, you get a "loan" and then get the car. Th next 2 or 30 years [or 5-10 for a car] you make payments to pay it off, usually spending about 1.5 or2 times the cost fo the item servicing the debt. It's easy to pay off debts???! AHAHAHAHAHA

[tacotony24]

The protestant ethic is a fucking joke

[StreetBoxer89]

Marijuana is americas #1 cash crop which makes 36.6 billion a year if you legalized we could get rid of this debt in 5-10 years

[sixthday132]

@StreetBoxer89 Hmmm....you are a math wizard. Our debt is about 13 trillion dollars. By your calculations 36 billion x 10 is 360 billion. Do you realize their is a THOUSAND billions in a trillion? Your formula for success leaves us about 12 trillion 640 billion short and that's assuming EVERY SINGLE DIME goes toward the debt. A hundred years wouldn't do it pal. It's sad when where looking to place our nations hope on weed. Lets throw in our 2 other major producers...porn and cheeseburgers.

[StreetBoxer89]

@sixthday132 Yea i know but see thats only in America if the legalize it would be sold around the world Shit the mexican cartel make 240 billion a year from marijuana.

[24filmcritic]

@StreetBoxer89 We still will not legalize cannabis. It was banned for all the wrong reasons (competition in cotton, Mexican immigration, etc, etc)...and still continues to be prohibited for all the wrong reasons (oil industry competition, RX competition, etc, etc). And being as headstrong as we are with this mindless drug war on the American people; I don't see that ever changing anytime in the foreseeable future.

[clearasvodka]

The U.S. Constitution created by our founders and the 13 colonies that original United States of America no longer exists. It was replaced by the Corporate United States to deal with the corporate national debt! In 1930 the U.S. declared bankruptcy in Geneva. The volume of minutes for the equity court proceedings in 1930 is not available for public review. Hence, programs like Social Security, income tax law and the IRS were created as a result of bankruptcy reorganization to world bankers!

[paisa1990]

we owe alot of money

and china is paying for us 4 now

but soon will come the time when they ask

for something in return, i mean they are helping the US

China is growing larger and in need of more land

so wat can = out a trillion debt

American land!!

just wait hahaha

i tripped balls when i relized this in my History class :O

[murkythreat]

I wonder if we can get to quadrillion in debt. We can make it into the guineas book of world records :P. Seriously though we are in trouble at this rate. World War 3 seems more inevitable than ever D:D.

[jblcva]

Plan of Action for the USA. Spend, spend, spend

under the guise of recovery. Bust the Govt. Blame

the capitalists for the failure. Junk the constitution.

Declare a dictatorship...

[danger0usknowledge]

@jblcva, I'm glad you added this comment b/c it lets everyone know who you are. By the "Govn't" you mean Cheney/ Bush & Obama are all in on the NWO plot to bankrupt the US & world economy. The nice conservative derivatives traders & hedge funders had nothing to do with the credit meltdown b/c the Govn't was broke anyway, right? Uber capitalist Paulson DID lobby/get 30-1 credit reserves in 2004 which was also when the FBI told Cheney that predatory mortgage lending by banks was out of control

[Yakko77]

We have to vote and we have to vote for candidates who promise not more but less.  We need candidates who will reduce the size of our govt... as the Founders intended all along. We can get started on election day 2010. I've done the Tea Party protest thing in the past but the time for simple protesting is over, it's time for action and that action must include voting at the very least.

[clericboy289]

Did you know that we've had a worse recession? It's called the Great Depression. WE GOT OUT OF IT. SO WE CAN GET OUT OF THIS!

[MrProgressivelib1]

Why is it that the only time we have had a surplus is when CONSERVATIVES ran congress??? Once moderates and liberals get in, we get deficits.the 80's...dems, the eraly 90's...dems, 1995-1999...Conservatives in ran congress, 1999...moderate repubs/libs take over(Deficits begin again), 1997-present...total lib takeover...record deficits every year since the libs took over in 1997.

[fatt0ny2]

this seems to incite a communist revolution more than the promoted free-market reforms.

[0Beautifulbrutality0]

May 26 2010

[danger0usknowledge]

Good video. Minor detail, Cheney/ Bush had 3 wars listed as off budget supplementals. Iraq, Afghhan, AND the war on terror. Wasn't that convenient? Billions flying out the window hiding behind

"fog of war". Not as fortunate they're included

in the Obama budget. Another minor detail to be forgotten, Cheney spent $30 million a month

buying off Iraqi Imams & "leaders" preparing for

the 08 election calling it "the surge" as per Wolf

Blitzer of CNN. Iraq=chaos. When? 2nd US recession.

[danger0usknowledge]

@jblcva, you left out the fact that the sponsors of Sarbanes Oxley also tried to regulate F&F but were stopped by republicans who thought that SO was, of course, going to far. Not BF not Dodd. Where do you think the banks dumped their bad mortgage debt by the billions? Frannie & Freddie. Banks are supposed to buy them back but only a small % were reacquired to date b/c bank quarterlies would not look so good otherwise.

[danger0usknowledge]

@jblcva, You're not a Bush fan? Wow, such a small concession to reality. Republicans even campaigned against Bush in 2008 but they did so for a reason. They used Bush & Greenspan as easy targets to protect the person many acknowledge was & is the decision maker & leader of the RNC, Dick Cheney. They have ppl like Ron Paul saying nasty things about the bad Bush/ Greenspan but you will never hear Paul mention the name Cheney unless forced to. Can't say I blame him. The book "Angler" said it all.

[SpringChatty]

This explains the plane some time ago...

[deltaalpha21074]

To all seeing this only people really getting any money now are Government workers whether it be Local id Sheriffs---Town cops Court house workers STate ie trafiic people or againCourt houses or Big Government ie Federal again mostly Court houses Judges ---COPS DEA other assorted scum..thisis a Communistic country! It will be ended in2012.

[webchic00]

paying the debt off is easy - the hard part is balancing the budget. Do that for 50 years and the debt will be easy to pay off.

[freeenterpriseworks4]

Which of FEN's top 5 economic threats do you think the President should focus the most on? (1) Hidden Cost of Government (2) Social Security crisis (3) Government Coerced-unionization (4) Pending Healthcare "reform" legislation (5) Government's unrestrained spending, debt and taxation?

[LambChowder1]

@freeenterpriseworks4 """""reform""""" oooh scary quotes

[bootylicification]

@webchic00

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.018 Trillion. In approximately 490 days in office, he has accumulated $2.391 Trillion. Using simple algebra, you'll find that Obama will have accumulated in 2.75 years (Sept 2011) what George W. did in 8 years.

[danger0usknowledge]

@bootylicification,, The de facto President, Cheney DID start 3 unfunded wars DID lower taxes for the rich DID have all 3 wars listed OFF BUDGET DID not have to account for those 3 wars in his budget/deficit DID make sure they would all be listed in in Obama's "RECORD" budget/ deficits DID make sure that Obama would be 7 trillion in present & future deficit spending BEFORE HE TOOK OFFICE. Cheney & bankers did what all the commies could not do, drown the capitalist (the beast) system.

[jblcva]

@danger0usknowledge You seem to know little about

how the gummit works. Congress submits budget's.

Don't bother answering. I won't respond to you again.

Bush trampled the constitution and suspended

Posse Comitatus Act of 1878. You keep drinking

the Obama Kool Aide you serf. And you don't even

know what i MENA..But then again you are under 30.

[danger0usknowledge]

@jblcva, No I've never tried serfing myself,

not into Kool Aid especially yours & way way past 30.

Gummit...I think I see a hidden meaning in that word.)))

[danger0usknowledge]

@jblcva, I think not.

[mrgetrealpeople]

@bootylicification This is a over simplification example, debt is a product of decreasing revenue because of the horrible economy that Obama was left with. Medicare, social security are escalating non-discretionary spending which are the principle drivers of the debt. The Republicans created Medicaid part D, a trillion dollar unfunded expense that increases every year, and the Republicans also were hiding the true cost of the 2 wars. The tarp bailout added $730 billion to Obama's budget.

[1generalk]

@bootylicification sorry its worse with the funds an backing agreements the federal reserve has given 12.3 trillion since the fall of 2010

[Pomiferous]

@bootylicification Change is easy without improvements attached to the trend.Government programs are designed to spend tax based resources.Sort of like we will borrow more money and give it to you just as long as you keep voting in our direction.

[LambChowder1]

@bootylicification Gosh funny thing, you forgot to calculate the additional compound interest on that $5 trillion dollars. Bush's deficit spending was thrown into a holes in Iraq and Afghanistan, the President's will relieve the god awful hemorhagging and bankruptcies and inefficiency and parcel with our lovely profitcare(tm) system

[Glinkaism1]

@webchic00 Just get rid of NASA, the phony space agency. Then stop paying congressmen. Those who balk, replace them with volunteers from real businesses who know how to run a business.

[deltaalpha21074]

Does'nt matter;why cause US Govt wants to create nothing but a Communistic Regime and hand that over to foreign Countrys. Already Foriegn banks own most of USA debt..next thing will be selling of Real Estate to pay for this debt.

MONOPOLY ---Real Life--first to go will be California. Watch!!!

[freeenterpriseworks4]

Chapter 9 was developed following the Great Depression, and protects troubled municipalities from creditors while they find ways to pay off their debts. Since being enacted in 1934, there have been 600 Chapter 9 cases filed, the largest of which was Orange County, California in 1994. More recent examples include the city of Vallejo(CA), which filed in 2008 and is using bankruptcy court to try and rework union contracts, and the Sierra Kings Health District in Reedley(CA) which filed in Oct 2009

[mtnbikerET]

@deltaalpha21074 I live in california =(

I'm moving to Virginia next year =)

[deltaalpha21074]

@mtnbikerET good move---I went there 4 years ago from Las Vegas ---could'nt wait to get the F%%$ out of there in two days....Maybe you better run now...Big one could happen anytime look at Chile;huh?

[mtnbikerET]

Yeah, I heard we are due for an earthquake any week now. I live far enough away from any major faults though.

[deltaalpha21074]

@mtnbikerET Thanks -all I know is I came there Calif drove long way in 1993 right after that huge one....I had to take 101 all the way up to Stockton and RT99 so 20 or 25 years is seconds on Earth..time so never know 2011 or 2012 and San Andreas may just implode?

[LambChowder1]

@deltaalpha21074 look at this mouthbreather and you see the face of america

[jorge0214]

U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008

Cost of deploying one U.S. soldier for one year in Iraq - $390,000 (Congressional Research Service)

IF YOU SUPPORTED THE BUSH WAR OF LIES, WITH MONEY BORROWED FROM COMMUNIST CHINA- YOU ARE PART OF THE PROBLEM!

[DontTreadOnMe1959]

If you EVER voted for a Liberal/Socialist you ARE the problem!

OBAMA says he is going to save us ALOT of money, by freezing $15 BILLION in discretionary spending. Our SAVIOR!

You do realize that a Trillion is

1 THOUSAND BILLION, right?

If you had gone into business on day 1, year 0000, and your business lost a million dollars a day, day in and day out, 365 days a year, it would have taken you until October 2737 to lose a trillion dollars.

In 18 yrs, congress has lost 7 TIMES this amount.

[jorge0214]

and if you started a war of lies in irag that cost $5,000.00 a second, where would be?

IRAQ WAR TOTAL COST: 3 trillion dollars!

bush ruined america! quit whining about Obama and ANSWER FOR THE BUSH WAR OF LIES!

if we did not have the war and the bush tax cuts the budget would be in balance.

[freeenterpriseworks4]

It is IMPERATIVE the private sector unite, educate and communicate our economic interests so that we can affect government policy. If the 5 million small business owners and 115 million private sector employees come together, we WILL affect policy. Become a member today with The Free Enterprise Nation and stay informed of our initiatives combating the THREATS on our American economy.

[00chevrolet00]

Time to over turn this piece of shit system!

[freeenterpriseworks4]

We need people like YOU to join us and advocate for the economic interests of the private sector!

[freeenterpriseworks4]

The govtspent $17B in 2009 on interest owed on our national debt, and will spend an estimated $400B on interest over the next 3 years.

[bbaumann94]

Thanks for this info!

It helped me a lot! =]]

[GordonWayneWatts]

I'll show my gratitude for your having checked out my facebook page -and positively comment on your video. In fact, if they keep printing money, the value of that printed will go down (like If EVERYONE has a million dollars, then a $1,000,000.oo won't be worth much.) ALL my recent YouTube videos except the last couple are conservative, but even tho I BE conservative, I am also honest, and oddly enough find myself supporting a typical liberal cause?? Anyhow, our true economy are our blessings/:-)

[amazingkarenstorey]

wow US is screwed up

[ressings8]

lol @ canada

[StopPoverty777]

lol screw canada

[alyssamarjorie]

come to canada if you want to have a normal life

[propall7]

DAMN

[anderson12joey]

good info

[dersitee]

cant wait to see what you got cooking up

[cat1012000]

Wow...Great.

[SeattleCrow]

This video appears to indicate that

"Things are fucked up!!"

[wakedlead]

friggin too fast to keep up with but great points are brought up. this healthcare bill is going to screw us up even more. What the hell is obama thinkin

[whoamilou]

wow

[freeenterpriseworks4]

agreed!

[GeorgeBushTheHero]

Great video!

[freeenterpriseworks4]

Thanks!

[DjSigSig]

sounds interesting looking forward to it

[comersive]

great video... sucha shame

[freeenterpriseworks4]

Glad you enjoyed! Please stay tuned for updates!

[KillaDegreePHD]

we'll be finnee

[freeenterpriseworks4]

I hope so, but we really need to get everyone together! Please join us!

[skpbars]

its not just US and UK. It's the WHOLE world!

[freeenterpriseworks4]

this is true, but it's still tough!

[sapophym]

UK is doing bad too

[freeenterpriseworks4]

That doesn't make it any easier for us! Wait until the 22nd.

[ovessesed]

wow I just realized how big trillion actually is!

[freeenterpriseworks4]

I know!

[martinallysa]

we'll be fine. we're not the only country going through this

[freeenterpriseworks4]

wait til the 22nd!

[lareingl]

Id hate to lose alaska lol

[freeenterpriseworks4]

I hope that's not the answer! We need to team up as Americans and let our government know how we feel!

[sherdlik]

no theyll just print it

[jojoraegay]

Thanks, Free,can't hardly wait for the 22nd. I hope it will shed some light on the naive....

[freeenterpriseworks4]

Thanks jojo!! Please help share & spread the word until we have more to share!

[SheSaidGleeba]

crazy

[desamis32]

I can't wait to earn my first trillion in 2673

[freeenterpriseworks4]

best of luck to you!

[GmasterDJ]

great video, a lil too fast. had to pause almost at each sentence. but great video. people need to open their eyes

[freeenterpriseworks4]

Thanks for the input, we'll keep it in mind for our next vid. And you're right, people need to open their eyes! Help us spread the word and join us!

[putittogether]

It has ended, 106 trillion dollars. That would take 3 generations of Americans working full time. Nope sorry we are completely bankrupt, it is over.

The sixty's generation has been in power for a almost 2 decades, and they did just what they said they were going to do, "crash the system man".

[freeenterpriseworks4]

Help us spread the word and open more eyes!

[freeenterpriseworks4]

We hope not! Join us and help others become aware!

[jojoraegay]

Join what?

[freeenterpriseworks4]

Can't give out specifics, but you will see on September 22. For now, join us in spreading the word by sharing with your friends!

[RAS1966UF]

The end to The Great American Empire is nearing...

[KOChatter]

wow. that really puts things into perspective

[KrispieFan]

pretty scary

[freeenterpriseworks4]

Thanks for your comment. It is indeed scary. Help us educate the country by sharing this video. We need people to KNOW!

[RepeatOffender89]

Werent we in the trillions years ago?

[freeenterpriseworks4]

maybe, but not many people are/were aware. We are trying to open some naive eyes.

[jojoraegay]

Today is "THE" day, FREE. What's up???

[ovessesed]

I can't believe how bad it is