The easiest to cut is defence spending and you called that "house payment" what you should have called it is "paintball budgets" because all you do is drive around the neighborhood(the world) and shooting little kids (poor defenceless countries) with those paintballs,
Lets not forget that Bush signed almost every spending bill sent to him by the republican controlled congress as well. Bush ran deficits during the sub-prime bubble economy and it is the bush tax cuts and the 2 wars he started which make up the vast majority of the national debt today.
Most of the debt/deficit was created due to the Bush tax cuts, two wars, medicare part d, and bail-out money. Obama is left cleaning up what Bush left him mainly a crappy economy, true story :)
@jeclairm you are one fucked up individual adoption is a better option then murder. it is a human fetus which what? a baby. no difference. just because they cant keep it in their pants doesnt mean an innocent life should be punished.
@fordpowerornopower I love how people try to paint this is a simple black/white right/wrong issue all the time. You say adoption as if its the end all solution to this problem. How many unwanted babies have you adopted? Would you adopt a baby into your home tomo if it was going to be otherwise aborted?
@jeclairm two lives? if they arent ready to accept the possible consequences of their action then those actions need not be done simple as that. and ruining two lives isnt the same as killing an inncocent child. funny how you democrats are for killing of babies but against the execution of violent criminals. hypocrites. abortions have taken more lives then the holocaust. think about that
@jeclairm Look, leftists are a large group of folks angry at the situation our country is in but too simple-minded to figure it out the root causes. So they were easily victimized by monkey suit wearing politicians funded by unions and corporations out for more regulation to destroy their competitors and that got them whipped up into some kind of "movement". And MSNBC has an interest in legitimizing them, despite the fact they are a corporation because a liberal viewer is still a viewer.
@s0beit What alternate reality are you living in? Liberals want MORE regulation of corporations and financial institutions. Because they actually want to start chipping away at the root causes of our economic disparity right now. The fact that there are a very few people getting rich at the expense of everyone else. It's conservatives, libertarians, and tea party morons that want to de-regulate everything and put unaccountable corporations in charge of our lives rather than elected officials.
@jeclairm Yes, you want more regulations. Regulations that are beneficial to already existing corporations and unions, they crush small businesses who compete against them or small nobody people they call "scabs". First of all, nobody gets rich at the "expense" of other people. To believe that you would have to believe that wealth creates poverty, that would make you a moron. You can however blame the government in tipping the scales to large corporations and unions, making it harder on people.
Social Security isn't in the budget, Idiot. It's paid for with payroll taxes and completely independent of the budget. It also has an over $2 trillion surplus. Stop lying to people you conservative shrill.
Aksing BANK OF AMERICA to pay their FFFAAAIIRR SSSHHHAAARRREEE is not "robbing" anybody.
Giving 700 BILLION DOLLARS in OUR TAX DOLLARS (yours and mine) to the Wallstreet and Bank FRAUDS that CAUSED THE ECONOMIC COLLAPSE, and not asking them to give back anything--
THAT sounds like robbery.
Getting rid of any safety net for American workers to fall back on when they need it to pay for tax cuts for SHELL and EXXON, selling gas at the highest prices in US history with highest profits.
@Lllburns They have said NOTHING about cutting medicare OR medicaid, at the rate it is going medicare and medicaid will be broke soon. Obama is using scare tactics by saying the old people would not get their checks.Do ACTUAL research before spewing out lies.
@Lllburns Where does it say in the Bible that we must care for the poor by robbing our neighbors? Does it not say that it is the responsibility of us as individuals to care for the sick and poor? While Christ did say that we must give unto Caesar, he did not say anything about tax rates. Also, I would like to point out that Free Market economics actually grew out of Christianity, while most counter-proposals view Christianity as an abomination to be destroyed.
@Lllburns Actually, most of the "Tea Party" Republicans are very much against those tax loopholes. One of the main goals of the Tea Party is to simplify the tax code in order to avoid those loopholes.
@CaptainCocaine and to make abortion illegal, get rid of birth control, outlaw gay marriage, deport all immigrants, and segregate the country by skin color. Oh, let's not forget they want to get rid of the government agency that saves the American people the most money, the EPA. They save us trillions a year from having to clean up the messes that corporations throughout the country would love to make, but can't.
@jeclairm The tea party is generally focused on fiscal issues. Most tea party members are actually quite libertarian (remember that the Tea Party started as a group of Ron Paul supporters). While many of them may be personally against abortion, birth control and gay marriage, they tned not to thiink the federal government should have any hand in any of those issues. I've never heard a tea party member say they wanted to deport "ALL immigrants" or anything that supports segregation.
@CaptainCocaine Really? Than why has there been over 82 new laws throughout red states that make abortions harder to obtain or the woman subjected to more scrutiny since the last election cycle? Why have key tea party states passed anti-immigrant laws demanding deportation and harsher penalties for hiring seasonal immigrant workers?
@jeclairm methinks you are confusing Tea Partiers with Conservatives. It's true that some Tea Partiers are Conservatives. Some are Libertarians, hell some are even democrats (not many, I admit). The Tea Party's original focus was for people of all political backgrounds to come together and focus on the fact that the federal government was fiscally irresponsible. Conservatives have somewhat hijacked the Tea Party, made easier by the media only publicizing conservative, white tea partiers.
@CaptainCocaine I guess the head of the tea party caucus in the house, Michelle Bachmann, is not caring about social issues when she vocally opposes and votes against abortion or any kind of support for women seeking an abortion. Also, repeatedly trying to ban same-sex marriage and agreeing with her husband that gays are barbarians in need of re-education.
@CaptainCocaine Look, the tea party is a large group of folks angry at the situation our country is in but too simple-minded to figure it out the root causes. So they were easily victimized by the astro-turfing campaigns funded by the Koch brothers and friends that got them whipped up into some kind of "movement." And CNN has an interest in legitimizing them, despite the fact there are anti-war protests far larger than the tea-party marches far more frequently in DC.
@jeclairm A surprisingly large portion of tea partiers, in fact, are anti-war. It goes with the fiscal restraint deal, as well as limiting federal government powers to those enumerated in the Constitution. CNN has an interest in depicting the craziest of the tea partiers because they are more entertaining. Entertainment value equates to more viewers meaning more ad revenue. Naturally they would want more money, so displaying video of the loons would behoove them.
@CaptainCocaine Limiting federal spending is good for banks and debtors, but not we the people. There are a ton of solutions to the deficit and debt that would actually benefit us the people, but none are being talked about because large financial interests dominate our political system on the federal level right now.
HA! you really watch to much MSNBC. since you seem to think so highly of yourself please explain to us the reason our country is in the shitter ? could it be the government spendin to much money on crap ? perhaps like the 100 million in aid we just sent to simolia [the people that hate our guts] among many other things.. please explain to my poor simple mind how ANY of the democrats ideals can change the country for the better.. ive more people "free" money ? more illegals
@dan16802 100 million is nothing compared to the 1 trillion we spend on military and war spending each year. Spending that benefiting nobody but defense contractors and career military officers. Spending that is bankrupting we, the people, and killing innocent people throughout the world.
@Lllburns umm..General Electric is Obama's biggest supporter, A DEMOCRAT! So you failed that test! GE earned a profit of 14 billion dollars in 2010 and payed ZERO in taxes...so write to your boy Obama and tell him your plan to TAX GE!
How about raising revenues to balance the budget. We have a minuscule tax rate, especially for the corporations and rich (Exxon-Mobile actually paid less then zero while turning billions in profits) and any sane approach would cut corporate welfare before going after the earned retirement plans of the elderly. Why did you know that social security taxes are only on your first $ 109,000? That means a doctor and Bill Gates pay the same dollar amount. Scrap the cap, problem solved.
How about raising revenues to balance the budget. We have a minuscule tax rate, especially for the corporations and rich (Exxon-Mobile actually paid less then zero while turning billions in profits) and any sane approach would cut corporate welfare before going after the earned retirment plans of the elderly. Why did you know that social security taxes are only on your first $ 109,000? That means a doctor and Bill Gates pay the same dollar amount. Scrap the cap, problem solved.
Single payer for everybody will work dude. How do you think life insurance, home insurance, auto insurance all profit? Its because they all have large numbers. If Medicare had young healthy people paying into it instead of just old sick people needing knee replacements then there would be plenty of money in the budget. It works in other countries and it will work here even if you won't admit it.
Most political videos I watch, I think to myself, "just get to the point already, so I can learn something." This gets to the information in a fun, quick way and I thank you for that.
You've got great video making skills but this logic behind this one misses the mark. I think you'll do well if you focus more on the source of debt, which is Interest and who benefits from it.
you have to be pretty retarded to think there is no solution to balancing a budget other then rediculous statements. and calling something a baby gorilla when this isnt an actual gorilla is pretty dumb
@dugie9 Dude, have you watched any of his videos? He takes economic cencepts and turns them into easy to understand metaphores. He was basically saying that the insurance takeover may start out to just be a "small" part of our budget, but it will grow the same way social security and medicare have grown to be unimaginably large and out of control spending drains.
Social security might seem like a gorilla but we all get taxed to pay for social security. So calling that a gorilla is pretty lame, seeing as the sole purpose of a social security tax is to pay for social security. That should go to show how little government is actually spending. Don't get me wrong, I don't like the insurance plan. But I don't like misleading information, also there are very few balanced budgets as in the history of any president. His implications are misleading.
@dugie9 But that's just not true, the social security tax pays for much more than social security, and social security itself started out being a small portion of federal spending and is now the largest drain on the federal budget. Even if we can't balance the budget, that's not an excuse to spend money like there's no end to it.
@mynameismatt2010 You just said the big issue. Why should a tax specifically designated for social security not be used for social security?? That's just ridiculous. You could only call it a federal drain if politicians are using it for other things and then saying that it's a drain. SS tax should pay for social security, not be a special fund for politicians to use. Mismanagement or corruption should be to blame.
@dugie9 Social security gets more money than it needs every year, and it isn't allowed to save it. What do they do with that money then? The government uses it to pay off bonds and to pay intrest. What i'm saying though isn't related to that, SS itself, not including all the extra, is the number one government expence, and it's not necessary. SS needs to be privatized. It's a drain because it is an unnecessary government expence.
It's very hard to find an industrialized county without universal health care.
It's impossible to find a country that spends more than us on military.
Ever wonder why the other countries keep lending us money?
Maybe it's cause if we taxed the rich like we did when these programs were started we could still pay off our debts.Funny that when the tax rate was higher on the rich the economy worked better.Why are conservatives called conservatives when they give out corporate welfare?
@yourfullofsheite Ever taken a look at those countries debts? Why do you think Spain, Portugal, and Greece defaulted? Their "enormous military budget"? Or their welfare state?
You could take money from every man woman and child in this country, take ALL of the assets, and still would barely have enough to pay the budget for this year, let alone touching the debt.
@Rensune 1 when exactly did they default?.. 2 U.S. debt 58% of GDP..3 Spain doing much better despite 20% unemployment .. 4 Greece might do a little better if it collected it's taxes,and didn't give away money with stupid programs...5 fox news should be taken with other news sources...6 during a recession there is always a deficit 7 Portugal I don't know enough about
@yourfullofsheite I check BBC, AlJazeera, and RT on top of the normally worthless American networks, Fox, MSNBC, and CNN (The only semitrustworthy one is AP and that is far too biased.) All three of those countries had to be "bailed out" by the EU, (which is why Germany is refusing to do that anymore, Germany being the most prosperous member among the EU). Portugal has "legalized" most forms of recreational drugs in combination with a state healthcare system.
@Rensune So Germany a socialist country with universal health care has had enough money in the middle of a world wide recession to help bailout other countries?I'm just saying that putting a little more effort on health care and a little less on military might be a good Idea.Along with more taxes on like Germany.But even more important would be making tax breaks for corp.s be contingent on creating jobs.Ireland not Spain was bailed out,not default.They were propped up by the union EU.
@yourfullofsheite Germany is the least socialist out of the EU. And because they have more of a Free market (Like Sweden, Switzerland, and China also with small welfare states.) They are more prosperous. As for spending less on military, you have to cut spending on it yes. But Social spending should be cut entirely. (It takes up the majority of our budget currently. With that healthcare bill that passed, it will take up to 70%. Of money we don't have. It needs to go.)
@Rensune I don't Know of a single EU country that doesn't have universal healthcare.Money spent on U.H.
usually is less of a countries GDP than we spend in the U.S.....If you subtract the cost of what we are already spending because what we are already spending becomes part of the total cost of healthcare.The total cost of the program as a % of GDP is the real cost.
@Rensune That healthcare bill that just passed is a copy of a working plan that repubs came up with. Massachusetts health care plan.Google it It'll blow your mind.
@yourfullofsheite TRY AGAIN, Mitt Romney turned his attention to health care only after transforming a projected $3 billion state deficit when he entered office into a $600 million surplus by 2006, the year he signed his health reform legislation. Romney fixed an economic crisis before he reformed health care. Did President Obama do this? Did he first deal with our deficit and high unemployment? Our financial reality speaks for itself.
@Rensune The U.S has 21% of the worlds GDP but 47% of the worlds military spending. We spend more than China,Russia,Britain,France,Japan,Germany,Saudi Arabia,and the next most spendy countries combined.
@Rensune Portugal's drug use I do not know enough about that to even start. ....54% of our federal income tax goes to military.Notice I said fica not other taxes .SS is a separate tax
All you Need to Know about Government Bureaucracy: ** Pythagorean theorem: ....... 24 words. ** Lord's prayer:......................66 words. ** Archimedes' Principle: .....67 words. ** 10 Commandments: .... 179 words. ** Gettysburg address: ... 286 words. ** Declaration of Independence : 1,300 words. ** US Constitution with all 27 Amendments :7,818 words. ** US Government regulations on sale of cabbage ....... 26,911 words. SORT OF PUTS THINGS INTO PROPER PERSPECTIVE, DOESN'T IT?
I think they should just go after the insurance companies and the pharmaceutical companies that charge outrageous prices for medical procedures and medicines that should cost a tenth of what the hospital charge.. Lower price to treat people the lower the bill on medicare and medicaid that the govt has to pay.. am i right?
For you folks that have never had to set or meet a budget:
The video clearly shows that the US Government has continued to GIVE SHIT AWAY without caring about how to pay for it. I call it "Free Stuff For Votes"
Its kinda like the folks that bought all those houses that they couldn't afford, and then blamed some bank for their foreclosure.
Actually, there is a easy way to to increase federal government income, we can just tell China that if you write off two trillion of our debt, we can cancel the defense treaty we signed with Philippine.
So your video ends with you saying "I don't understand how the healthcare bill reduces spending". Why don't you, y'know, read the bill and learn instead of making videos like this? I bet they take just as long to do, but one makes you one more informed. As it stands, you're willfully ignorant, and as such, can't be taken seriously.
@bobmuffins I guess it's just a matter of history with the govt. Name 1 entitlement program that has stayed within budget over a 20 year time period. Even easier, name one that has stayed withing 3 times the original projected budget. Medicaid/care programs started in he 60s...as of 2009 I believe is the year (08 or 09) is currently at 10 times the projected amount they thought it would be. I mean this stuff happens with Rep and Dems over any period of time. Yet we do it again, and again.
@mrhoffame Yeah, I'm not going to disagree there. The government is horrendously inefficient, and we need people to keep it in check. However, as it stands, this video's pretty much saying "The system is bad because I don't understand how it works". History would show, that, sure, it's rather unlikely to stay where it should be, but if that's the implication the guy making this video was making, he should have noted that, instead of stating the system in whole is bad.
@bobmuffins I totally see what you are saying. It kind of sounds like you and I took that line "I don't understand how it works" differently. I took it as he expects the cost to end up being more as all govt programs do (ie the baby Gorilla becoming a big one). So how can we see ourselves solving a big gorilla problem by having a baby gorilla that we know will grow to be a second big gorilla we can't afford to feed. "I don't understand how that works" . That's how I took it.
@bobmuffins Yeah, I think we all do when it comes to topics like this. I'm just thankful there are still people like us out there and can talk to each other and get each others understanding as oppose to the constant fighting, cursing, and just flat out disrespect everyone seems to show each other on political issues these days. Thanks for being a civil human being with me!
Do you really need an explanation of how health care reform relates to bending the cost-curve of health care and solving the coming Medicare crisis? Or do you just prefer not to know? The explanation is pretty easy to find on the web, and very easy to understand for most people, but using "time travel" as a search term won't get you there.
The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627. The debt/GDP increased by 27.1% in eight years of office (It was 83.4% when he left office).
.
Obama claims that his spending is reasonable better than Reagan. He proposed 3.7 Trillion with a deficit of 1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Obama in two years of office increased the debt/GDP by 13.8%.
@ThunderheadNebula The changes Obama made are reasonable insignificant, it did not mater who was president after Bush, the budget would be 98% the same. The republican house talks about "major cut" to cut that budget buy 100 billion, though they never laid that plan out in what the would cut and now it is more like $61 billion, that cuts the debt by~6%. The many reason for the increase in debt and debt/GPD is the decrease of tax income and GDP which little to do with Obama.
Did you know the Pres. flew BO, their dog, in on a separate smaller jet to Maine for their vacation???? Wonder if that sets well with all the unemployed, hurting, US citizens who can't afford food, but we can pay for this. The above is true.
I Googled "Bo the dog flying to Maine " and got 76,700 references verifying this.
@PantherSCG The CBO has to use the figures supplied to them they do not make up thier own.In this case the dems supplied the data.Sort of like the 700+ billion stimulis was an investment rather than a huge addition to the deficit.
did any of you shouting 'right wing propaganda' actually check the math yourself? he gave you a nice link. also, to you people who are saying that taxing rich people the same as everyone else would balance the budget, the problem is that rich people are already paying a significantly higher percentage of their income, which means they would be giving less money. sure, some can get around it, but if they couldn't why would they bother employing you?
@REDHOTINDlANS The problem I have are the corporations that operate in the U.S. but cheat on taxes by claiming their profits are made overseas. If we just went after them it would bring in about 100 billion dollars. I know that wouldn't solve our problems but it would help. Oh and cut back on military spending.
@REDHOTINDlANS We could tax everyone's income and it still will not come anywhere close to paying off the debt what we need to do is cut spending like these entitlement programs, bureaucracy's and the military. Finding the political will to do that is the hard part.
They are lawmaker - they make the law. They can change the programs if they have a mind to do it. Also military spending must be reined in. Stop the endless wars - its been almost a decade. They should be done by now.
Defense should take slightly over half of the money on the table when you include the CIA, Homeland Security, and Veterans Affairs. Why are you misleading people to think that social security, medicare medicaid are 2/3rds of the budget?
@blkswimmer you have no clue in how a society continues to grow or advance to be making a statement like that. Just look up a table showing migration patterns in the US and you will see that the States that have high taxes and cost of living are constantly losing people for states with lower taxes and better business atmospheres, all your idea will do is make businesses leave even faster than they already have been.
Guess what? The businesses have been leaving the US for YEARS. The vast majority of the ones left either are home grown or HAVE to set up shop here for business reasons.
And taxing everyone the same will not change the lives of 95% of Americans. 95% of American ARE taxed the same. It's the top 5% that don't pay their fair share.
@blkswimmer While it may be true that some of the major companies use loop holes to get out of paying taxes that is a small amount compared with the vast number that don't.
Where are you getting 95% of the country are paying the same. We have a graduated income tax system, where 5,000 dollars more a year can put you into another income tax bracket and you'll be paying more than someone else start reading about the tax code before making such a false statement
You did well enough with the math until the end where you completely neglected to look at how HCR would actually effect the budget, instead choosing to make assumptions on how it would grow based upon your analogy of a gorilla. Just because you called it a gorilla doesn't mean it will grow like a gorilla. Then you just made jokes about more = less, blah blah herp derp. Come on. Run the math, stop being lazy.
1: America's most notable area of wastage would be its defense spending which is totally out of proportion to the nation's needs or size.
2: Raising higher taxes (like those which America had during its great 20th century economic expansion) would help to reduce the budget deficit and assist the economy by allowing less cash to stagnate in the pockets of the rich
3: Obama's healthcare model is a massive gift to the insurance industry. A European model is needed
1. Not true, while America's military is in need of cutting, entitlements are the most notable area of waste.
2. Raising taxes during a recession is not a smart plan. This is one way to turn a recession into a depression.
3. Obama's health care, while adding millions to the roles of health insurance, will dramatically increase the overall risk of the risk pool, and attempts to control costs with price controls. It's NOT a gift.
You mistake me for someone who approves of Obama, I don't, not on any level.
Why are entitlements the most notable area of waste? With more unemployed people, I would say that keeping them fed and housed if of paramount importance? Or would their starvation demonstrate rugged individualism in action?
I disagree, the wealth must be made to move again.
It is a gift to the insurance industry which is now assured policy sales as it is statute that Americans must buy them.
@foxoftrot - First, the overhead of these programs is far in excess of the Private Sector. Medicare's overhead is 40%!
FHA and HUD along with Fannie and Freddie created the housing bubble.
You just straw-manned the HELL out of me saying I'm somehow for a state that lets people starve! I'm saying without government interference, the bubble would have never formed, therefor, the collapse would have never occurred.
How can you come along after Enron and after the sub prime mortgage crisis and repeat the tired old 'greed is good' mantra.
Let me guess, if only taxes on the upper class were just a little bit lower, bankers could do WHATEVER they like at the stock exchange and the minimum wage could be abolished we would see the dawn of some sort of capitalist golden age.
@foxoftrot first of all the housing bubble WAS caused by greed. government greed. the ones who fucked it all up are the pigs in the federal reserve. because our government socialized the dollar bill like 40 years ago we now have to deal with the most corrupt company in the world. the federal reserve is the one who put out 0 interest loans. the fed res was the one who pushed their crappy loans till they knew that the billions out there could not be repaid and then immediately called them in!
@foxoftrot socialism is the entire reason we are in the shape we are in. america hasn't been free market in nearly 40 years. it likes to masquerade as free market. but there are little g-men in the background fucking everything up! our business and health care system is over burdened by books and books of thousands of little crappy regulations that do nothing more then cost money to enforce and end up not being needed in the first place.
@gibblets17 socialism is bad? socialism has many different forms, and most of them support democracy and the people working collectively. you're probably not educated enough to be talking about socialism, or any other political or economic theory.
@Zellonium well its a damn good thing we are not a democracy. socialism works like this. most people agree with it and get what they want out of it. everyone else can go fuck themselves because no matter what they do, any business they try to start or anything they try to do solely for themselves will be stolen by the government and by that other majority. socialism is bullying. plain and simple. it doesn't allow for people to not work within the system they are told to work within.
@Zellonium next time you want to say something how about not calling some one uneducated. it only breaks down communication and shows how ignorant you are. learn some god damn respect. before that little mouth of yours gets you in some trouble boy.
@foxoftrot - Your Keynesian assumption that it is circular cash flows that allows a country out of recession is wholly fallacious. It leads to long periods of stagnation, like the Carter Administration, and excuses the Government digging an incredible debt hole.
Obamacare is NOT a gift to the insurance industry because it has saddled the Insurance industry with easily 100 billion in new costs, which are NOT offset by the new customer base. It's conveniently lost on you the new costs.
What strikes me as odd about the US healthcare debate is that nobody sees the insurance based model as the problem where it blatantly is. Per person, the USA spends twice as much as most European countries on healthcare in exchange for a lower standard of care. In New Zealand we have a perfectly good SOCIALIST system of district health boards and subsidized surgeries.
Furthermore, I dont subscribe to the growth fetish and yes, I think Keynes was the best economist ever.
@foxoftrot - Keynes was a disastrous idiot. Study Mises. study Hayek, study Friedman, study Sowell. Every one of these men is more gifted than Keynes.
Why the US pays too much for health insurance is not so much because of public vs private, but because of sheer degree of regulation. Every single step is regulated, and there are better than 15,000 pages of regulation in that market. This causes increased overhead, by creating adjusters not present in most health care systems.
@foxoftrot The usa has the best care we have the best doctors., the problems isn't with insurance, its with hospitals and doctors, the insurance company's dont make up the bills, the doctors do, fuck face.
@foxoftrot Taxes have raised over the last 100 years, not fallen. and bush didn't cut taxes by that much if you take into account inflation which takes your money and allows the government to spend it first aswell as pushing people into higher tax brackets. "assist the economy by allowing less cash to stagnate in the pockets of rich people" that makes no sense, it just doesn't.
No but over the last 50 years they have fallen a lot. Nixon's tax regime was more progressive than Obama's.
It does make sense. This is how.
The problem with the American economy is that it is based on mass consumption (which I think is stupid as well but never mind that for now) and this is reliant on the spending power of the masses. Given that the poorest 80% of American's hold just 15% of the nation's wealth, the money simply isn't moving and the economy has stagnated.
1: America's most notable area of wastage would be its defense spending which is totally out of proportion to the nation's needs or size.
2: Raising higher taxes (like those which America had during its great 20th century economic expansion) would help to reduce the budget deficit and assist the economy by allowing less cash to stagnate in the pockets of the rich
3: Obama's healthcare model is a massive gift to the insurance industry. A European is needed
the only problem with this cute little analogy is the baby gorilla is a caring a money purse the size of Fort Knox (the one back in 1962 ) with him of all the people paying into it. As it grows so does its purse paying for it self! G your 800bl Gorilla sounds like a little 4pound Spider Monkey !
Every politician that votes for this crazy formula needs to be smacked by my 3rd grade math teacher. Mrs. Weaver needs to open a can of whup-ass on those idiots!!
oh there's time travel all right. we...err THEY ("WE"'ve got nothing to do with it) shot debt so far into the future it's never coming back down here.
If this is the case, then tell us HOW he's an idiot. Otherwise, name calling only makes YOU look like the idiot who can't back up their claims. What good does it do anyone for you to be so negative? What purpose does it serve? Whose mind does it change? In reality, it hurts your cause rather than helping it!
If this is the case, then tell us HOW he's an idiot. Otherwise, name calling only makes YOU look like the idiot who can't back up their claims. What good does it do anyone for you to be so negative? What purpose does it serve? Whose mind does it change? In reality, it hurts your cause rather than helping it!
I have to agree with Enigmababy. You're the idiot, Pee one Be one harper. Judging by your short comment, I think it would be safe to assume that the creator of this video is vastly more intellegent than you.
I hate to tell you this the tea party movement is temporary, if they start cutting entitlements and that's where most of the budget deficits are, the largest voting block, the blue hairs will vote them out of office. Did you notice the republican's ,their calling for no ear marks for the next 2 years, 2005 was the year that had the most ear marks 15,000 When the republicans controlled all 3 branches of Government. Another fact,of the top ten 10 spending on earmarks 7 are in the GOP.
@mrgetrealpeople Who cares where they come from, lets get rid of them...If we keep spending like this the "blue collars" can continue to vote everyone out of office every couple of years because theres no way in hell e are going to balance the budget with your style of thinking.
How about we tell all the old people to go fuck off like the dirty parasites they are and stop their legalized theft of younger people's income. I don't care if they have "paid into the system", I don't owe them shit.
The problem is when republicans were in power they added a trillion dollars with medicare part D And 78 million more people in the next 15 years will get medicare part D. SO How are they any different ?
So.. the guy who made this video doesn't understand what's in any government bill or what makes government work, but he's going to lecture on why Obama sucks.
this guy is a genius.
MrCamcam117 1 week ago
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check out my commentary on channel flightfund2
flightfund2 1 month ago
Thoughts on Ron Paul's plan?
PADDYDETHECUS 2 months ago
The easiest to cut is defence spending and you called that "house payment" what you should have called it is "paintball budgets" because all you do is drive around the neighborhood(the world) and shooting little kids (poor defenceless countries) with those paintballs,
tdot22 3 months ago
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Lets not forget that Bush signed almost every spending bill sent to him by the republican controlled congress as well. Bush ran deficits during the sub-prime bubble economy and it is the bush tax cuts and the 2 wars he started which make up the vast majority of the national debt today.
sysunder 3 months ago
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National Debt in:
2000 was $5.6 trillion dollars
2004 was $7.4 trillion dollars
2008 was $10.4 trillion dollars
2011 is $14.8 trillion dollars
Most of the debt/deficit was created due to the Bush tax cuts, two wars, medicare part d, and bail-out money. Obama is left cleaning up what Bush left him mainly a crappy economy, true story :)
sysunder 3 months ago
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sysunder 3 months ago
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sysunder 3 months ago
press 2 over and over again ahahhaahh good vid though
Deathcore16 3 months ago
@Deathcore16 Press 4 repeatedly to get the Democratic solution to budget problems.
DrCruel 1 week ago
Time travel. lol
TravistheHuman 3 months ago
@jeclairm you are one fucked up individual adoption is a better option then murder. it is a human fetus which what? a baby. no difference. just because they cant keep it in their pants doesnt mean an innocent life should be punished.
fordpowerornopower 4 months ago
@fordpowerornopower I love how people try to paint this is a simple black/white right/wrong issue all the time. You say adoption as if its the end all solution to this problem. How many unwanted babies have you adopted? Would you adopt a baby into your home tomo if it was going to be otherwise aborted?
misterbarbister 3 months ago
@misterbarbister When was the last time you saw an orphanage in the United States?
albatrossforlife 3 months ago
@jeclairm two lives? if they arent ready to accept the possible consequences of their action then those actions need not be done simple as that. and ruining two lives isnt the same as killing an inncocent child. funny how you democrats are for killing of babies but against the execution of violent criminals. hypocrites. abortions have taken more lives then the holocaust. think about that
fordpowerornopower 4 months ago
@fordpowerornopower It's not a baby, it's a fetus. A women has full rights to her own body and any parasitic lifeforms that reside in it.
jeclairm 4 months ago
@jeclairm if its a fetus then TERMINATE that bitch
2superstobie 4 months ago
OBAMA RULES YES WE CAN
YES WE CAN
YES WE CAN
nubfail 4 months ago
My guess is that 10,000 Pennies is a first born nerd with at least one college degree.
tnekkc 4 months ago in playlist More videos from 10000Pennies
@jeclairm Look, leftists are a large group of folks angry at the situation our country is in but too simple-minded to figure it out the root causes. So they were easily victimized by monkey suit wearing politicians funded by unions and corporations out for more regulation to destroy their competitors and that got them whipped up into some kind of "movement". And MSNBC has an interest in legitimizing them, despite the fact they are a corporation because a liberal viewer is still a viewer.
s0beit 5 months ago
@s0beit What alternate reality are you living in? Liberals want MORE regulation of corporations and financial institutions. Because they actually want to start chipping away at the root causes of our economic disparity right now. The fact that there are a very few people getting rich at the expense of everyone else. It's conservatives, libertarians, and tea party morons that want to de-regulate everything and put unaccountable corporations in charge of our lives rather than elected officials.
jeclairm 4 months ago
@jeclairm Yes, you want more regulations. Regulations that are beneficial to already existing corporations and unions, they crush small businesses who compete against them or small nobody people they call "scabs". First of all, nobody gets rich at the "expense" of other people. To believe that you would have to believe that wealth creates poverty, that would make you a moron. You can however blame the government in tipping the scales to large corporations and unions, making it harder on people.
s0beit 4 months ago
Quijibo
Lockheed87 5 months ago
Social Security isn't in the budget, Idiot. It's paid for with payroll taxes and completely independent of the budget. It also has an over $2 trillion surplus. Stop lying to people you conservative shrill.
jeclairm 5 months ago
LOL love it
llathrum 6 months ago
Good one.
greenchilemaven 6 months ago
Aksing BANK OF AMERICA to pay their FFFAAAIIRR SSSHHHAAARRREEE is not "robbing" anybody.
Giving 700 BILLION DOLLARS in OUR TAX DOLLARS (yours and mine) to the Wallstreet and Bank FRAUDS that CAUSED THE ECONOMIC COLLAPSE, and not asking them to give back anything--
THAT sounds like robbery.
Getting rid of any safety net for American workers to fall back on when they need it to pay for tax cuts for SHELL and EXXON, selling gas at the highest prices in US history with highest profits.
.
Lllburns 6 months ago
I can't believe John Boehner and some of these "tea party" people call themselves Christians.
YOU PEOPLE WOULD MAKE JESUS PUKE !!!!
You ignore all the corruption and tax loopholes of huge corporations.
GE and Bank of America paid no federal taxes in 2010. Zero.
And you want to take it out on GRANDMA !!
SATANIC ECONOMICS.
You'd screw over the working class, sick, and elderly and give the money to people like Donald Trump and the Koch brothers.
YOU"D MAKE JESUS PUKE !
.
Lllburns 6 months ago
@Lllburns They have said NOTHING about cutting medicare OR medicaid, at the rate it is going medicare and medicaid will be broke soon. Obama is using scare tactics by saying the old people would not get their checks.Do ACTUAL research before spewing out lies.
RedBig117 6 months ago
@Lllburns Where does it say in the Bible that we must care for the poor by robbing our neighbors? Does it not say that it is the responsibility of us as individuals to care for the sick and poor? While Christ did say that we must give unto Caesar, he did not say anything about tax rates. Also, I would like to point out that Free Market economics actually grew out of Christianity, while most counter-proposals view Christianity as an abomination to be destroyed.
KellAnderson 6 months ago
@Lllburns Actually, most of the "Tea Party" Republicans are very much against those tax loopholes. One of the main goals of the Tea Party is to simplify the tax code in order to avoid those loopholes.
CaptainCocaine 6 months ago
@CaptainCocaine and to make abortion illegal, get rid of birth control, outlaw gay marriage, deport all immigrants, and segregate the country by skin color. Oh, let's not forget they want to get rid of the government agency that saves the American people the most money, the EPA. They save us trillions a year from having to clean up the messes that corporations throughout the country would love to make, but can't.
jeclairm 5 months ago
@jeclairm The tea party is generally focused on fiscal issues. Most tea party members are actually quite libertarian (remember that the Tea Party started as a group of Ron Paul supporters). While many of them may be personally against abortion, birth control and gay marriage, they tned not to thiink the federal government should have any hand in any of those issues. I've never heard a tea party member say they wanted to deport "ALL immigrants" or anything that supports segregation.
CaptainCocaine 5 months ago
@CaptainCocaine Really? Than why has there been over 82 new laws throughout red states that make abortions harder to obtain or the woman subjected to more scrutiny since the last election cycle? Why have key tea party states passed anti-immigrant laws demanding deportation and harsher penalties for hiring seasonal immigrant workers?
jeclairm 5 months ago
@jeclairm methinks you are confusing Tea Partiers with Conservatives. It's true that some Tea Partiers are Conservatives. Some are Libertarians, hell some are even democrats (not many, I admit). The Tea Party's original focus was for people of all political backgrounds to come together and focus on the fact that the federal government was fiscally irresponsible. Conservatives have somewhat hijacked the Tea Party, made easier by the media only publicizing conservative, white tea partiers.
CaptainCocaine 5 months ago
@CaptainCocaine I guess the head of the tea party caucus in the house, Michelle Bachmann, is not caring about social issues when she vocally opposes and votes against abortion or any kind of support for women seeking an abortion. Also, repeatedly trying to ban same-sex marriage and agreeing with her husband that gays are barbarians in need of re-education.
jeclairm 5 months ago
@jeclairm abortion is murder whys it so bad that we republicans want to save lives?
fordpowerornopower 4 months ago
@fordpowerornopower Preventing women from getting an abortion ruins two lives.
jeclairm 4 months ago
@jeclairm i say kill em both not like either will be able to contribute
2superstobie 4 months ago
@CaptainCocaine Look, the tea party is a large group of folks angry at the situation our country is in but too simple-minded to figure it out the root causes. So they were easily victimized by the astro-turfing campaigns funded by the Koch brothers and friends that got them whipped up into some kind of "movement." And CNN has an interest in legitimizing them, despite the fact there are anti-war protests far larger than the tea-party marches far more frequently in DC.
jeclairm 5 months ago
@jeclairm A surprisingly large portion of tea partiers, in fact, are anti-war. It goes with the fiscal restraint deal, as well as limiting federal government powers to those enumerated in the Constitution. CNN has an interest in depicting the craziest of the tea partiers because they are more entertaining. Entertainment value equates to more viewers meaning more ad revenue. Naturally they would want more money, so displaying video of the loons would behoove them.
CaptainCocaine 5 months ago
@CaptainCocaine Limiting federal spending is good for banks and debtors, but not we the people. There are a ton of solutions to the deficit and debt that would actually benefit us the people, but none are being talked about because large financial interests dominate our political system on the federal level right now.
jeclairm 4 months ago
@jeclairm
HA! you really watch to much MSNBC. since you seem to think so highly of yourself please explain to us the reason our country is in the shitter ? could it be the government spendin to much money on crap ? perhaps like the 100 million in aid we just sent to simolia [the people that hate our guts] among many other things.. please explain to my poor simple mind how ANY of the democrats ideals can change the country for the better.. ive more people "free" money ? more illegals
dan16802 5 months ago
@dan16802 100 million is nothing compared to the 1 trillion we spend on military and war spending each year. Spending that benefiting nobody but defense contractors and career military officers. Spending that is bankrupting we, the people, and killing innocent people throughout the world.
jeclairm 4 months ago
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s0beit 5 months ago
@Lllburns umm..General Electric is Obama's biggest supporter, A DEMOCRAT! So you failed that test! GE earned a profit of 14 billion dollars in 2010 and payed ZERO in taxes...so write to your boy Obama and tell him your plan to TAX GE!
HeyTrud 6 months ago
@HeyTrud And if you knew anybody in the whitehouse, you would know that they were mega super pissed that GE pulled that crap.
jeclairm 5 months ago
@Lllburns lol are you taking some of those pills the government gave you?
david52875 6 months ago
How about raising revenues to balance the budget. We have a minuscule tax rate, especially for the corporations and rich (Exxon-Mobile actually paid less then zero while turning billions in profits) and any sane approach would cut corporate welfare before going after the earned retirement plans of the elderly. Why did you know that social security taxes are only on your first $ 109,000? That means a doctor and Bill Gates pay the same dollar amount. Scrap the cap, problem solved.
drBOJANGLESphd 7 months ago
How about raising revenues to balance the budget. We have a minuscule tax rate, especially for the corporations and rich (Exxon-Mobile actually paid less then zero while turning billions in profits) and any sane approach would cut corporate welfare before going after the earned retirment plans of the elderly. Why did you know that social security taxes are only on your first $ 109,000? That means a doctor and Bill Gates pay the same dollar amount. Scrap the cap, problem solved.
drBOJANGLESphd 7 months ago
Single payer for everybody will work dude. How do you think life insurance, home insurance, auto insurance all profit? Its because they all have large numbers. If Medicare had young healthy people paying into it instead of just old sick people needing knee replacements then there would be plenty of money in the budget. It works in other countries and it will work here even if you won't admit it.
baxtar1963 7 months ago
Most political videos I watch, I think to myself, "just get to the point already, so I can learn something." This gets to the information in a fun, quick way and I thank you for that.
bmilsk99 7 months ago
You've got great video making skills but this logic behind this one misses the mark. I think you'll do well if you focus more on the source of debt, which is Interest and who benefits from it.
wiredcoder 8 months ago
you have to be pretty retarded to think there is no solution to balancing a budget other then rediculous statements. and calling something a baby gorilla when this isnt an actual gorilla is pretty dumb
dugie9 8 months ago
@dugie9 Dude, have you watched any of his videos? He takes economic cencepts and turns them into easy to understand metaphores. He was basically saying that the insurance takeover may start out to just be a "small" part of our budget, but it will grow the same way social security and medicare have grown to be unimaginably large and out of control spending drains.
mynameismatt2010 8 months ago
Social security might seem like a gorilla but we all get taxed to pay for social security. So calling that a gorilla is pretty lame, seeing as the sole purpose of a social security tax is to pay for social security. That should go to show how little government is actually spending. Don't get me wrong, I don't like the insurance plan. But I don't like misleading information, also there are very few balanced budgets as in the history of any president. His implications are misleading.
dugie9 8 months ago
@dugie9 But that's just not true, the social security tax pays for much more than social security, and social security itself started out being a small portion of federal spending and is now the largest drain on the federal budget. Even if we can't balance the budget, that's not an excuse to spend money like there's no end to it.
mynameismatt2010 8 months ago
@mynameismatt2010 You just said the big issue. Why should a tax specifically designated for social security not be used for social security?? That's just ridiculous. You could only call it a federal drain if politicians are using it for other things and then saying that it's a drain. SS tax should pay for social security, not be a special fund for politicians to use. Mismanagement or corruption should be to blame.
dugie9 7 months ago
@dugie9 Social security gets more money than it needs every year, and it isn't allowed to save it. What do they do with that money then? The government uses it to pay off bonds and to pay intrest. What i'm saying though isn't related to that, SS itself, not including all the extra, is the number one government expence, and it's not necessary. SS needs to be privatized. It's a drain because it is an unnecessary government expence.
mynameismatt2010 7 months ago
It's very hard to find an industrialized county without universal health care.
It's impossible to find a country that spends more than us on military.
Ever wonder why the other countries keep lending us money?
Maybe it's cause if we taxed the rich like we did when these programs were started we could still pay off our debts.Funny that when the tax rate was higher on the rich the economy worked better.Why are conservatives called conservatives when they give out corporate welfare?
yourfullofsheite 8 months ago
@yourfullofsheite Ever taken a look at those countries debts? Why do you think Spain, Portugal, and Greece defaulted? Their "enormous military budget"? Or their welfare state?
You could take money from every man woman and child in this country, take ALL of the assets, and still would barely have enough to pay the budget for this year, let alone touching the debt.
Rensune 8 months ago
@Rensune 1 when exactly did they default?.. 2 U.S. debt 58% of GDP..3 Spain doing much better despite 20% unemployment .. 4 Greece might do a little better if it collected it's taxes,and didn't give away money with stupid programs...5 fox news should be taken with other news sources...6 during a recession there is always a deficit 7 Portugal I don't know enough about
yourfullofsheite 8 months ago
@yourfullofsheite I check BBC, AlJazeera, and RT on top of the normally worthless American networks, Fox, MSNBC, and CNN (The only semitrustworthy one is AP and that is far too biased.) All three of those countries had to be "bailed out" by the EU, (which is why Germany is refusing to do that anymore, Germany being the most prosperous member among the EU). Portugal has "legalized" most forms of recreational drugs in combination with a state healthcare system.
Rensune 8 months ago
@Rensune So Germany a socialist country with universal health care has had enough money in the middle of a world wide recession to help bailout other countries?I'm just saying that putting a little more effort on health care and a little less on military might be a good Idea.Along with more taxes on like Germany.But even more important would be making tax breaks for corp.s be contingent on creating jobs.Ireland not Spain was bailed out,not default.They were propped up by the union EU.
yourfullofsheite 8 months ago
@yourfullofsheite Germany is the least socialist out of the EU. And because they have more of a Free market (Like Sweden, Switzerland, and China also with small welfare states.) They are more prosperous. As for spending less on military, you have to cut spending on it yes. But Social spending should be cut entirely. (It takes up the majority of our budget currently. With that healthcare bill that passed, it will take up to 70%. Of money we don't have. It needs to go.)
Rensune 8 months ago
@Rensune I don't Know of a single EU country that doesn't have universal healthcare.Money spent on U.H.
usually is less of a countries GDP than we spend in the U.S.....If you subtract the cost of what we are already spending because what we are already spending becomes part of the total cost of healthcare.The total cost of the program as a % of GDP is the real cost.
yourfullofsheite 8 months ago
@Rensune That healthcare bill that just passed is a copy of a working plan that repubs came up with. Massachusetts health care plan.Google it It'll blow your mind.
yourfullofsheite 8 months ago
@yourfullofsheite TRY AGAIN, Mitt Romney turned his attention to health care only after transforming a projected $3 billion state deficit when he entered office into a $600 million surplus by 2006, the year he signed his health reform legislation. Romney fixed an economic crisis before he reformed health care. Did President Obama do this? Did he first deal with our deficit and high unemployment? Our financial reality speaks for itself.
bpeterson82 8 months ago
@bpeterson82 I agree .....cut the military raise taxes on the rich stop corp. welfare
Then I guess we made the 1% that Romney said it raised his budget.
yourfullofsheite 8 months ago
@Rensune The U.S has 21% of the worlds GDP but 47% of the worlds military spending. We spend more than China,Russia,Britain,France,Japan,Germany,Saudi Arabia,and the next most spendy countries combined.
yourfullofsheite 8 months ago
@Rensune Portugal's drug use I do not know enough about that to even start. ....54% of our federal income tax goes to military.Notice I said fica not other taxes .SS is a separate tax
yourfullofsheite 8 months ago
@yourfullofsheite Don't even get me started on the immorality of an income tax (especially side by side with a welfare system)
Rensune 8 months ago
Maybe if the U.S gv't stopped being such a whore with it's ridiculously high militar budget, things would balance out with a bit of more ease.
luciferiexcelsil 8 months ago
@luciferiexcelsil you right, instead of looking at all the fancy shiny things, they should be more materialistic.
i mean the taliban can make IEDS cheaper than about 50 dollars, while the US would use something costing about 10k
u7alll 8 months ago
OMG! A Gorilla?! You used a Gorilla??! THAT'S RACIST!!! *sarcasm*
GoogleToolbar 8 months ago
"buy a baby gorilla and name it bubbles"
I loled and learned!
MusicMan53100 9 months ago
wsoxman 9 months ago
I LOVE YOUR VIDEOS!
Dragon5n 9 months ago
I think they should just go after the insurance companies and the pharmaceutical companies that charge outrageous prices for medical procedures and medicines that should cost a tenth of what the hospital charge.. Lower price to treat people the lower the bill on medicare and medicaid that the govt has to pay.. am i right?
madnessdexter 9 months ago
For you folks that have never had to set or meet a budget:
The video clearly shows that the US Government has continued to GIVE SHIT AWAY without caring about how to pay for it. I call it "Free Stuff For Votes"
Its kinda like the folks that bought all those houses that they couldn't afford, and then blamed some bank for their foreclosure.
wsoxman 9 months ago
Excellent. Lets see this shown on MSNBC and CSpan.
wsoxman 9 months ago
Actually, there is a easy way to to increase federal government income, we can just tell China that if you write off two trillion of our debt, we can cancel the defense treaty we signed with Philippine.
wtuanmu 9 months ago
How about just stop wasting money playing world police?
jernqvist 9 months ago
@jernqvist
They don't want to look weak and are too afraid of being called cowards if they reduce anything in America's military force.
TheGrayWolf96 9 months ago
Your videos are great!
mrhoffame 9 months ago
The health care is fine compared to our military and empire spending, which WILL bring us down.
rgaud8 10 months ago
So your video ends with you saying "I don't understand how the healthcare bill reduces spending". Why don't you, y'know, read the bill and learn instead of making videos like this? I bet they take just as long to do, but one makes you one more informed. As it stands, you're willfully ignorant, and as such, can't be taken seriously.
bobmuffins 10 months ago
@bobmuffins I guess it's just a matter of history with the govt. Name 1 entitlement program that has stayed within budget over a 20 year time period. Even easier, name one that has stayed withing 3 times the original projected budget. Medicaid/care programs started in he 60s...as of 2009 I believe is the year (08 or 09) is currently at 10 times the projected amount they thought it would be. I mean this stuff happens with Rep and Dems over any period of time. Yet we do it again, and again.
mrhoffame 9 months ago
@mrhoffame Yeah, I'm not going to disagree there. The government is horrendously inefficient, and we need people to keep it in check. However, as it stands, this video's pretty much saying "The system is bad because I don't understand how it works". History would show, that, sure, it's rather unlikely to stay where it should be, but if that's the implication the guy making this video was making, he should have noted that, instead of stating the system in whole is bad.
bobmuffins 9 months ago
@bobmuffins I totally see what you are saying. It kind of sounds like you and I took that line "I don't understand how it works" differently. I took it as he expects the cost to end up being more as all govt programs do (ie the baby Gorilla becoming a big one). So how can we see ourselves solving a big gorilla problem by having a baby gorilla that we know will grow to be a second big gorilla we can't afford to feed. "I don't understand how that works" . That's how I took it.
mrhoffame 9 months ago
@mrhoffame I guess that makes a bit of sense, yeah. I'm probably just picking too much at his wording anyways.
bobmuffins 9 months ago
@bobmuffins Yeah, I think we all do when it comes to topics like this. I'm just thankful there are still people like us out there and can talk to each other and get each others understanding as oppose to the constant fighting, cursing, and just flat out disrespect everyone seems to show each other on political issues these days. Thanks for being a civil human being with me!
mrhoffame 9 months ago
Do you really need an explanation of how health care reform relates to bending the cost-curve of health care and solving the coming Medicare crisis? Or do you just prefer not to know? The explanation is pretty easy to find on the web, and very easy to understand for most people, but using "time travel" as a search term won't get you there.
mikecaulfield73 10 months ago
The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627. The debt/GDP increased by 27.1% in eight years of office (It was 83.4% when he left office).
.
Obama claims that his spending is reasonable better than Reagan. He proposed 3.7 Trillion with a deficit of 1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Obama in two years of office increased the debt/GDP by 13.8%.
.
Allen West 2012
ThunderheadNebula 10 months ago
@ThunderheadNebula The changes Obama made are reasonable insignificant, it did not mater who was president after Bush, the budget would be 98% the same. The republican house talks about "major cut" to cut that budget buy 100 billion, though they never laid that plan out in what the would cut and now it is more like $61 billion, that cuts the debt by~6%. The many reason for the increase in debt and debt/GPD is the decrease of tax income and GDP which little to do with Obama.
Loathomar 10 months ago
Did you know the Pres. flew BO, their dog, in on a separate smaller jet to Maine for their vacation???? Wonder if that sets well with all the unemployed, hurting, US citizens who can't afford food, but we can pay for this. The above is true.
I Googled "Bo the dog flying to Maine " and got 76,700 references verifying this.
DONGOE 10 months ago
20 morons watched this video
elfkind1 10 months ago
America=screwed. Sigh.
kkkatie00 10 months ago
@kkkatie00 We can thank the education system for the progress.
Pomiferous 10 months ago
and the answer to that is Marshall Law.
blkhat117 10 months ago
The CBO said that the health care law will cut the deficit by over 100 billion.
PantherSCG 11 months ago
@PantherSCG The CBO has to use the figures supplied to them they do not make up thier own.In this case the dems supplied the data.Sort of like the 700+ billion stimulis was an investment rather than a huge addition to the deficit.
Pomiferous 10 months ago
did any of you shouting 'right wing propaganda' actually check the math yourself? he gave you a nice link. also, to you people who are saying that taxing rich people the same as everyone else would balance the budget, the problem is that rich people are already paying a significantly higher percentage of their income, which means they would be giving less money. sure, some can get around it, but if they couldn't why would they bother employing you?
REDHOTINDlANS 11 months ago
@REDHOTINDlANS The problem I have are the corporations that operate in the U.S. but cheat on taxes by claiming their profits are made overseas. If we just went after them it would bring in about 100 billion dollars. I know that wouldn't solve our problems but it would help. Oh and cut back on military spending.
aqinthe 10 months ago
@REDHOTINDlANS We could tax everyone's income and it still will not come anywhere close to paying off the debt what we need to do is cut spending like these entitlement programs, bureaucracy's and the military. Finding the political will to do that is the hard part.
Darkwizzrobe 10 months ago
They are lawmaker - they make the law. They can change the programs if they have a mind to do it. Also military spending must be reined in. Stop the endless wars - its been almost a decade. They should be done by now.
jeffmonc2 11 months ago
Right wing propaganda that seriously misleads on the cost of defense and homeland security--they should be over half of the table!
djsinatra100 11 months ago
Defense should take slightly over half of the money on the table when you include the CIA, Homeland Security, and Veterans Affairs. Why are you misleading people to think that social security, medicare medicaid are 2/3rds of the budget?
djsinatra100 11 months ago
cool videos. great way to understand what the gov. is doing.
jasperpaws24 11 months ago
anything our government touches turns to s--t
wolfman4u1 11 months ago
So how about actually TAXING rich businessmen the same as everyone else.
Budget Balanced!!!! No need to thank me.
This policy that gives people that are important to the economy tax breaks is legal discrimination.
People don't NEED motivation to do business. The MONEY is the motivation.
blkswimmer 11 months ago
@blkswimmer you have no clue in how a society continues to grow or advance to be making a statement like that. Just look up a table showing migration patterns in the US and you will see that the States that have high taxes and cost of living are constantly losing people for states with lower taxes and better business atmospheres, all your idea will do is make businesses leave even faster than they already have been.
ravensnaketotem 10 months ago
@ravensnaketotem
Leave where? The country?
Guess what? The businesses have been leaving the US for YEARS. The vast majority of the ones left either are home grown or HAVE to set up shop here for business reasons.
And taxing everyone the same will not change the lives of 95% of Americans. 95% of American ARE taxed the same. It's the top 5% that don't pay their fair share.
blkswimmer 10 months ago
@blkswimmer While it may be true that some of the major companies use loop holes to get out of paying taxes that is a small amount compared with the vast number that don't.
Where are you getting 95% of the country are paying the same. We have a graduated income tax system, where 5,000 dollars more a year can put you into another income tax bracket and you'll be paying more than someone else start reading about the tax code before making such a false statement
ravensnaketotem 9 months ago
Bubbles will eventually turn into Mighty Joe Young.
SpotterOz 11 months ago
This has been flagged as spam show
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geratmathew 11 months ago
You did well enough with the math until the end where you completely neglected to look at how HCR would actually effect the budget, instead choosing to make assumptions on how it would grow based upon your analogy of a gorilla. Just because you called it a gorilla doesn't mean it will grow like a gorilla. Then you just made jokes about more = less, blah blah herp derp. Come on. Run the math, stop being lazy.
DH405okc 11 months ago
obama is a baby gorilla.
thech0p 11 months ago
This video is narrow in scope
1: America's most notable area of wastage would be its defense spending which is totally out of proportion to the nation's needs or size.
2: Raising higher taxes (like those which America had during its great 20th century economic expansion) would help to reduce the budget deficit and assist the economy by allowing less cash to stagnate in the pockets of the rich
3: Obama's healthcare model is a massive gift to the insurance industry. A European model is needed
foxoftrot 11 months ago
@foxoftrot - This video is addressing debt alone.
1. Not true, while America's military is in need of cutting, entitlements are the most notable area of waste.
2. Raising taxes during a recession is not a smart plan. This is one way to turn a recession into a depression.
3. Obama's health care, while adding millions to the roles of health insurance, will dramatically increase the overall risk of the risk pool, and attempts to control costs with price controls. It's NOT a gift.
Slipknotyk06 11 months ago
@Slipknotyk06
You mistake me for someone who approves of Obama, I don't, not on any level.
Why are entitlements the most notable area of waste? With more unemployed people, I would say that keeping them fed and housed if of paramount importance? Or would their starvation demonstrate rugged individualism in action?
I disagree, the wealth must be made to move again.
It is a gift to the insurance industry which is now assured policy sales as it is statute that Americans must buy them.
foxoftrot 11 months ago
@foxoftrot - First, the overhead of these programs is far in excess of the Private Sector. Medicare's overhead is 40%!
FHA and HUD along with Fannie and Freddie created the housing bubble.
You just straw-manned the HELL out of me saying I'm somehow for a state that lets people starve! I'm saying without government interference, the bubble would have never formed, therefor, the collapse would have never occurred.
Slipknotyk06 11 months ago
So entitlements or starvation? Whats it to be?
How can you come along after Enron and after the sub prime mortgage crisis and repeat the tired old 'greed is good' mantra.
Let me guess, if only taxes on the upper class were just a little bit lower, bankers could do WHATEVER they like at the stock exchange and the minimum wage could be abolished we would see the dawn of some sort of capitalist golden age.
And greed caused the housing bubble.
foxoftrot 11 months ago
@foxoftrot first of all the housing bubble WAS caused by greed. government greed. the ones who fucked it all up are the pigs in the federal reserve. because our government socialized the dollar bill like 40 years ago we now have to deal with the most corrupt company in the world. the federal reserve is the one who put out 0 interest loans. the fed res was the one who pushed their crappy loans till they knew that the billions out there could not be repaid and then immediately called them in!
gibblets17 11 months ago
@foxoftrot socialism is the entire reason we are in the shape we are in. america hasn't been free market in nearly 40 years. it likes to masquerade as free market. but there are little g-men in the background fucking everything up! our business and health care system is over burdened by books and books of thousands of little crappy regulations that do nothing more then cost money to enforce and end up not being needed in the first place.
gibblets17 11 months ago
@gibblets17 socialism is bad? socialism has many different forms, and most of them support democracy and the people working collectively. you're probably not educated enough to be talking about socialism, or any other political or economic theory.
Zellonium 11 months ago
@Zellonium well its a damn good thing we are not a democracy. socialism works like this. most people agree with it and get what they want out of it. everyone else can go fuck themselves because no matter what they do, any business they try to start or anything they try to do solely for themselves will be stolen by the government and by that other majority. socialism is bullying. plain and simple. it doesn't allow for people to not work within the system they are told to work within.
gibblets17 11 months ago
@Zellonium next time you want to say something how about not calling some one uneducated. it only breaks down communication and shows how ignorant you are. learn some god damn respect. before that little mouth of yours gets you in some trouble boy.
gibblets17 11 months ago
@foxoftrot - Your Keynesian assumption that it is circular cash flows that allows a country out of recession is wholly fallacious. It leads to long periods of stagnation, like the Carter Administration, and excuses the Government digging an incredible debt hole.
Obamacare is NOT a gift to the insurance industry because it has saddled the Insurance industry with easily 100 billion in new costs, which are NOT offset by the new customer base. It's conveniently lost on you the new costs.
Slipknotyk06 11 months ago
@Slipknotyk06
What strikes me as odd about the US healthcare debate is that nobody sees the insurance based model as the problem where it blatantly is. Per person, the USA spends twice as much as most European countries on healthcare in exchange for a lower standard of care. In New Zealand we have a perfectly good SOCIALIST system of district health boards and subsidized surgeries.
Furthermore, I dont subscribe to the growth fetish and yes, I think Keynes was the best economist ever.
foxoftrot 11 months ago
@foxoftrot - Keynes was a disastrous idiot. Study Mises. study Hayek, study Friedman, study Sowell. Every one of these men is more gifted than Keynes.
Why the US pays too much for health insurance is not so much because of public vs private, but because of sheer degree of regulation. Every single step is regulated, and there are better than 15,000 pages of regulation in that market. This causes increased overhead, by creating adjusters not present in most health care systems.
Slipknotyk06 11 months ago
@foxoftrot The usa has the best care we have the best doctors., the problems isn't with insurance, its with hospitals and doctors, the insurance company's dont make up the bills, the doctors do, fuck face.
TheDukeljk 9 months ago
@TheDukeljk Oh, so the insurance companies don't set the price so that they themselves can make a profit? DERP.
TheAqui1a 9 months ago
@foxoftrot Taxes have raised over the last 100 years, not fallen. and bush didn't cut taxes by that much if you take into account inflation which takes your money and allows the government to spend it first aswell as pushing people into higher tax brackets. "assist the economy by allowing less cash to stagnate in the pockets of rich people" that makes no sense, it just doesn't.
evilsceptic 11 months ago
@evilsceptic
No but over the last 50 years they have fallen a lot. Nixon's tax regime was more progressive than Obama's.
It does make sense. This is how.
The problem with the American economy is that it is based on mass consumption (which I think is stupid as well but never mind that for now) and this is reliant on the spending power of the masses. Given that the poorest 80% of American's hold just 15% of the nation's wealth, the money simply isn't moving and the economy has stagnated.
foxoftrot 11 months ago
@foxoftrot That's crazy talk, rich people spend there money just as much as poor people, they simply have a higher savings to consumption ratio.
evilsceptic 11 months ago
This video is narrow in scope
1: America's most notable area of wastage would be its defense spending which is totally out of proportion to the nation's needs or size.
2: Raising higher taxes (like those which America had during its great 20th century economic expansion) would help to reduce the budget deficit and assist the economy by allowing less cash to stagnate in the pockets of the rich
3: Obama's healthcare model is a massive gift to the insurance industry. A European is needed
foxoftrot 11 months ago
so let's cut medicare and medicaid, because nobody wants government run health care programs
oh wait
Rathdei 11 months ago
the only problem with this cute little analogy is the baby gorilla is a caring a money purse the size of Fort Knox (the one back in 1962 ) with him of all the people paying into it. As it grows so does its purse paying for it self! G your 800bl Gorilla sounds like a little 4pound Spider Monkey !
Spartacus547 1 year ago
Excellent videos...makes everything clear..plus adds a little humor..Well done. Keep it up
bbr48 1 year ago
Bubbles could fix everything!
overthefraildream 1 year ago
Baby gorilla= genius!
doggysweep 1 year ago
Gorilla + More = Less.
Every politician that votes for this crazy formula needs to be smacked by my 3rd grade math teacher. Mrs. Weaver needs to open a can of whup-ass on those idiots!!
rmcdaniel423 1 year ago
I bet The Producer of this video knows how to balance his check book, not like our government !
melioped 1 year ago
oh there's time travel all right. we...err THEY ("WE"'ve got nothing to do with it) shot debt so far into the future it's never coming back down here.
uturniaphobic 1 year ago
this guy is an idiot
p1b1harper 1 year ago
@p1b1harper
If this is the case, then tell us HOW he's an idiot. Otherwise, name calling only makes YOU look like the idiot who can't back up their claims. What good does it do anyone for you to be so negative? What purpose does it serve? Whose mind does it change? In reality, it hurts your cause rather than helping it!
Enigmababy7 1 year ago
@p1b1harper
If this is the case, then tell us HOW he's an idiot. Otherwise, name calling only makes YOU look like the idiot who can't back up their claims. What good does it do anyone for you to be so negative? What purpose does it serve? Whose mind does it change? In reality, it hurts your cause rather than helping it!
Enigmababy7 1 year ago
I have to agree with Enigmababy. You're the idiot, Pee one Be one harper. Judging by your short comment, I think it would be safe to assume that the creator of this video is vastly more intellegent than you.
SHAFT9 1 year ago
@p1b1harper Lighten up. The visual is an excellent way to get. Why is he an idiot...he explained it in a way that made it understandable.
bbr48 1 year ago
the high pitched voice when listing what we would get rid of was not needed
LoryLandskipper 1 year ago
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mikewm9v 1 year ago
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mikewm9v 1 year ago
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mikewm9v 1 year ago
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mikewm9v 1 year ago
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mikewm9v 1 year ago
I hate to tell you this the tea party movement is temporary, if they start cutting entitlements and that's where most of the budget deficits are, the largest voting block, the blue hairs will vote them out of office. Did you notice the republican's ,their calling for no ear marks for the next 2 years, 2005 was the year that had the most ear marks 15,000 When the republicans controlled all 3 branches of Government. Another fact,of the top ten 10 spending on earmarks 7 are in the GOP.
mrgetrealpeople 1 year ago
@mrgetrealpeople Who cares where they come from, lets get rid of them...If we keep spending like this the "blue collars" can continue to vote everyone out of office every couple of years because theres no way in hell e are going to balance the budget with your style of thinking.
thebestsumoeva 1 year ago
Ha ha, so stupid scary tactic.
wolfmgl1 1 year ago
@wolfmgl1 And global warming isn't a scare tactic?
thebestsumoeva 1 year ago
How about we tell all the old people to go fuck off like the dirty parasites they are and stop their legalized theft of younger people's income. I don't care if they have "paid into the system", I don't owe them shit.
FlowCell 1 year ago
solution: kill ourselves
mouse9111 1 year ago
Solution: Abolish Government.
vspqbd 1 year ago
@vspqbd aka democrats :3
mrpotatohead34 1 year ago
@mrpotatohead34
And republicans.
Abolish ALL government. :3
vspqbd 1 year ago
@vspqbd and hire hungry gorrilla?
mrpotatohead34 1 year ago
The problem is when republicans were in power they added a trillion dollars with medicare part D And 78 million more people in the next 15 years will get medicare part D. SO How are they any different ?
.
mrgetrealpeople 1 year ago
@mrgetrealpeople Who said they are?
shanedk 1 year ago
The problem is when republicans were in power they added a trillion dollars with medicare part D . SO How are they any different ?
.
mrgetrealpeople 1 year ago
@unrightful Obama IS a f**king idiot. And he IS screwing the national budget. Maybe you should quit taking classes and open your f**king eyes!
chainslayer2004 1 year ago
So.. the guy who made this video doesn't understand what's in any government bill or what makes government work, but he's going to lecture on why Obama sucks.
Take a civics class, moron.
Unrightful 1 year ago
@Unrightful look in the mirror, now who's the moron?
poot2277 1 year ago