This video is misleading! It's true that U.S. government debt keeps increasing, but this is ONLY because of the right-wing takeover of our government. The billionaires have got themselves some nice tax cuts since 1981, thus destroying the middle class. Government spending has brought us out of the Dark Ages. Now we need a president who can stand up to the American right-wing so that we can finally take from the rich what they have stolen from us!
Obama is spending $3 Trillion/YR(he wants more tax)-Our tax dollars=only $1.5 Trillion/YR, Tea Party(trying to save Amer.) wants to cut Big Gov Spending but Liberals want to keep spending on Hand outs &free everything to Non WORKING-since only Working MIDDLE Class is Paying taxes-Liberal's will keep over spending all taxes to NON WORKING-that will erode the $ to become worthless. The liberal attitude is a PLAN for Self Destruction& Economic Collapse& Civil WAR but that was always their PLANS!
@warpeace7 Ron Paul is America's only hope for saving our Republic-that's why Liberals and Elites will do everything to BLOCK him from being the next Pres.
Join Sarah Palin, Mike Huckabee and John Boehner in cutting, capping, and balancing the U.S. Budget. Enter the website address below to sign the petition to fight government spending.
We’re raising over 10,000 petitions daily; Act now to save our country!
raising the debt limit merely postpones the inevitable bankruptcy. A Ponzi scheme only gets longer life from new investments. The Fed hid $8.4 trillion from Congress last year. That sounds like embezzlement. Ref. 3w scribd dot com doc/490400689
McConnel is sweating bullets as his close friends on Wall Street, who don't give a shit about social issues and can well see the Tea Party types are fact avoidant reactionairies, are deeply worried about THEIR fortunes if the debt ceiling is not soon increased, as has been done routinely for years and for obvious reasons. The GOP establishment and the Tea Baggers are going to make the primaries a blood bath;expect Bachmann to win Iowa and S. Carolina and consider what the reuslt of this will be
here is what makes sense, lets strip our children of social security, because they have to pay a single years salary in taxes to makeup the national debt.
When our kids are old and eating catfood and homeless, they will be thankful social security was abolished, because otherwise... they may have had to pay 1 year's wages in taxes.
We had debt at 120 percent of the GDP, far higher than this, after World War II and no one went around threatening that we're going to ruin the credit of the United States or something in order to get a better balance of debt to GDP
@SpigaloProductions In the late 40's early 50's, when individual rates were appx 90 percent, huge investments were made in the Marshall Plan, The Federal Highway System and the GI Bill. All paid off, the GI bill doing much to create the merican middle class---for men who risked their lives to defend the country. Small government can allow for only small accomplishments.
Why is it that the concern sets in only when voting for benefits for the average citizen? Why is nobody concerned when the wars based on cherry picked evidence and lies or bailouts are decided? We have bailouts every 10 years in the US yet they are always approve. It's already too late to fix this economy. The most important reforms were forfeited when the derivative market was bailed out. We are doomed now.
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. Read an extract at: sites.google.com/site/wapshottkeyneshayek/
U.S. Federal debt has increased every year from 2000 to 2010, growing from $5.7 trillion as of September 2000 to $13.6 trillion by September 2010. Why are the Republicans only now concerned about the federal debt? Are they killing off Medicare to finally pay for Bush tax cuts for the rich and two unpaid wars?
debt ceiling should be what ever the total GDP is. but im in agreement that we should not keep raiseing the debt ceiling lets show some responsibility and cut medicare it costs nearly a trillion dollars per years and does little to incourage GDP growth and also cut the military buget just fire many of thos soldiers and other personal and send them back home. we cant keep fighting this war on terrorism we made are point america got pissed off ok we got it.
124,000 per taxpayer is the real number we should look at - plus there are a lot of people with perfectly good skills that make a lifetime job out of looking for handouts, so we can't count them. Time to hold this president responsible - Newt did it in 1995, the Republicans can do it again in 2011.
@3dartistguy And every Republican who voted for raising the debt ceiling over and over again when Bush was President now say they will vote against it now -- what is your point?
Obama voted against raising the debt ceiling when he was a senator simply because of politics when a white Republican president was in office, and now he expects cooperaiton from the GOP? Obama and the Spendocrats have already ran up 6 trillion dollars in additioal debt. They always keep saying that if we don't do this or that something worse is going to happen, like borrowing the 787 billion from China and they promised job growth, did it happen? NO, it didn't.
Obama voted against raising the debt ceiling when he was a senator simply because of politics when a white Republican president was in office, and now he expects cooperaiton from the GOP? Obama and the Spendocrats have already ran up 6 trillion dollars in additioal debt. They always keep saying that if we don't do this or that something worse is going to happen, like borrowing the 787 billion from China and they promised job growth, did it happen? NO, it didn't.!
This video is misleading! It's true that U.S. government debt keeps increasing, but this is ONLY because of the right-wing takeover of our government. The billionaires have got themselves some nice tax cuts since 1981, thus destroying the middle class. Government spending has brought us out of the Dark Ages. Now we need a president who can stand up to the American right-wing so that we can finally take from the rich what they have stolen from us!
MortimerTheClueless 1 month ago
All money Colombia owes to America is ours and we need it now!!!
rojash1000 4 months ago
in 1950, the 1595.00 adj for inflation is 15k for 2010, compared to the actual 40k.
So, since your numbers are not inflation adjusted, there is a tripling of debt 1950-2010, compared to what you are "illustrating" a 25x increase.
I agree with your ideas, but just be honest about the presentation.
mindprism 5 months ago
AS OF 10:54 pm ON SUNDAY, JULY 31 THIS CONGRESS HAS DECIDED TO SELL US OUT AGAIN IN RAISING THE DEBT CEILING.
Let us organize a march onto Washington. Contact me at chipprr1986@yahoo.com
chippprrr 6 months ago
Obama is spending $3 Trillion/YR(he wants more tax)-Our tax dollars=only $1.5 Trillion/YR, Tea Party(trying to save Amer.) wants to cut Big Gov Spending but Liberals want to keep spending on Hand outs &free everything to Non WORKING-since only Working MIDDLE Class is Paying taxes-Liberal's will keep over spending all taxes to NON WORKING-that will erode the $ to become worthless. The liberal attitude is a PLAN for Self Destruction& Economic Collapse& Civil WAR but that was always their PLANS!
libertydogfight 7 months ago
lets quit capitalism.
guirego123 7 months ago
Ron paul should run the USA I hope he wins this time
warpeace7 7 months ago 2
@warpeace7 Ron Paul is America's only hope for saving our Republic-that's why Liberals and Elites will do everything to BLOCK him from being the next Pres.
libertydogfight 7 months ago
Join Sarah Palin, Mike Huckabee and John Boehner in cutting, capping, and balancing the U.S. Budget. Enter the website address below to sign the petition to fight government spending.
We’re raising over 10,000 petitions daily; Act now to save our country!
To sign go to persistenceforprosperity (dot) org
cyn725 7 months ago
raising the debt limit merely postpones the inevitable bankruptcy. A Ponzi scheme only gets longer life from new investments. The Fed hid $8.4 trillion from Congress last year. That sounds like embezzlement. Ref. 3w scribd dot com doc/490400689
oldereb38 7 months ago
Watch my video. Simple, short, funny but desperately obvious.
"DebtCeiling ClownHostage"
JeffMoche 7 months ago
McConnel is sweating bullets as his close friends on Wall Street, who don't give a shit about social issues and can well see the Tea Party types are fact avoidant reactionairies, are deeply worried about THEIR fortunes if the debt ceiling is not soon increased, as has been done routinely for years and for obvious reasons. The GOP establishment and the Tea Baggers are going to make the primaries a blood bath;expect Bachmann to win Iowa and S. Carolina and consider what the reuslt of this will be
molloyxx1 7 months ago
Stop playing w/ interest!
prakersa 7 months ago
it's the FED stupid.
lollipopforest 7 months ago
here is what makes sense, lets strip our children of social security, because they have to pay a single years salary in taxes to makeup the national debt.
When our kids are old and eating catfood and homeless, they will be thankful social security was abolished, because otherwise... they may have had to pay 1 year's wages in taxes.
LiekABaus 7 months ago
Ok. You've convinced me. Let's get the rich to finally start paying taxes again.
keptyeti 7 months ago
Don't raise the debt ceiling. What could possibly go wrong?
Don't pay your mortgage. What could possibly go wrong?
Don't buy food to feed your kids. What could possibly go wrong?
Leave tax loopholes open for banks. Banks never did anything wrong to the world economy.
earthpet 7 months ago
We had debt at 120 percent of the GDP, far higher than this, after World War II and no one went around threatening that we're going to ruin the credit of the United States or something in order to get a better balance of debt to GDP
SpigaloProductions 7 months ago
@SpigaloProductions In the late 40's early 50's, when individual rates were appx 90 percent, huge investments were made in the Marshall Plan, The Federal Highway System and the GI Bill. All paid off, the GI bill doing much to create the merican middle class---for men who risked their lives to defend the country. Small government can allow for only small accomplishments.
molloyxx1 7 months ago
Why is it that the concern sets in only when voting for benefits for the average citizen? Why is nobody concerned when the wars based on cherry picked evidence and lies or bailouts are decided? We have bailouts every 10 years in the US yet they are always approve. It's already too late to fix this economy. The most important reforms were forfeited when the derivative market was bailed out. We are doomed now.
CanadaIndieFilm 7 months ago
This has been flagged as spam show
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
oldereb38 7 months ago
The only good answer is NO, NO, NO, NO, etc...
No more taxes they do not need to spend, No more deficent spending, etc...
ETWFJ 8 months ago
This has been flagged as spam show
My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. Read an extract at: sites.google.com/site/wapshottkeyneshayek/
Nicholas Wapshott
nhwapshott 8 months ago
The Fed does not have us in a trap anymore. Haven't you heard of bitcoins? (Youtube search for "what is bitcoin")
linagee 8 months ago
Debt greases the wheels of commerce.Just ask the credit card industry.
Pomiferous 8 months ago
And to date still 2 nice little bottomless pit dumbass fake ass wars...... Nice
jaa93997 9 months ago
U.S. Federal debt has increased every year from 2000 to 2010, growing from $5.7 trillion as of September 2000 to $13.6 trillion by September 2010. Why are the Republicans only now concerned about the federal debt? Are they killing off Medicare to finally pay for Bush tax cuts for the rich and two unpaid wars?
DMiyash248 9 months ago
debt ceiling should be what ever the total GDP is. but im in agreement that we should not keep raiseing the debt ceiling lets show some responsibility and cut medicare it costs nearly a trillion dollars per years and does little to incourage GDP growth and also cut the military buget just fire many of thos soldiers and other personal and send them back home. we cant keep fighting this war on terrorism we made are point america got pissed off ok we got it.
TheNecropolis20 9 months ago
That's per person, my bad.
ScorpiusIncorruptus 9 months ago
In 1850...$2.75? To whom?!
ScorpiusIncorruptus 9 months ago
124,000 per taxpayer is the real number we should look at - plus there are a lot of people with perfectly good skills that make a lifetime job out of looking for handouts, so we can't count them. Time to hold this president responsible - Newt did it in 1995, the Republicans can do it again in 2011.
jeffmonc2 9 months ago
Barack Obama as a senator voted against raising the debt ceiling when President Bush was in office...now he wants to raise it...unbelievable.
3dartistguy 10 months ago
@3dartistguy And every Republican who voted for raising the debt ceiling over and over again when Bush was President now say they will vote against it now -- what is your point?
Ericwvb2 10 months ago
Obama voted against raising the debt ceiling when he was a senator simply because of politics when a white Republican president was in office, and now he expects cooperaiton from the GOP? Obama and the Spendocrats have already ran up 6 trillion dollars in additioal debt. They always keep saying that if we don't do this or that something worse is going to happen, like borrowing the 787 billion from China and they promised job growth, did it happen? NO, it didn't.
3dartistguy 10 months ago
This has been flagged as spam show
Obama voted against raising the debt ceiling when he was a senator simply because of politics when a white Republican president was in office, and now he expects cooperaiton from the GOP? Obama and the Spendocrats have already ran up 6 trillion dollars in additioal debt. They always keep saying that if we don't do this or that something worse is going to happen, like borrowing the 787 billion from China and they promised job growth, did it happen? NO, it didn't.!
3dartistguy 10 months ago
what the hell is the debt ceiling?
you mean to say we decided some time ago that 14 trillion dollars is just the right amount of debt?
lol
br0kendreemz 10 months ago
cant we just transfer our debt to William Charles Schneider?
yay78900 10 months ago