this program does blame Bush or any one president. it strictly places blame on the policies of government. you need to really learn to read between the lines more. this debt issue was caused way back around the late 1800s and has effected every presidents decision making good or bad.
I don't get it though. Should people just think about not spending more than they earn? That sounds pretty simple to me. And btw, if anything, Obama is a fucking joke.
Funy how the video blames Bush just as Obama and the Dems do, but the HUGE 8 Trillion deficit is now a WHOOPING 15 TRILLION. Obama has not only continued, but accelerated the growing debt at an unprecidented rate.
This is a global problem, nothing new. You ever heard of the third world debt crisis? Yeah, that thing that happened 30 years ago. Guess what! It didn't go away. You just forgot. Other countries are much worse off than the US, and I don't think any countries are immune to the effects of this, even if they have a balanced budget...
There is a plan, Otherwise why would we allow transcontinental currency imbalances. Or complete de-industrialization. New monetary system is probable.
The 1-1.4 trillion comes from the wiki page on USA military spending-this irresponsible documentary,to me it's obviously a republican party funded propaganda piece-underrates that spending and cuts it IN HALF!! Look it up on Wikipedia folks
@PtAltmVansanTarr You realize that this was made four years ago, when bush was in office. How could it possible be republican biased when they talk about the debt:GDP ratio drastically increasing when Reagan was president? Then they underscore Clinton's balanced budget, which got the system back in the right path, and Bush's tax cuts, which placed the ratio even higher. Did you seriously even watch the film or did you just see that this was relevant to today and thought it bashed Obama?
DON'T READ THIS CAUSE IT ACTUALLY WORKS YOU WILL BE KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF YOUR LIFE. TOMORROW WILL BE THE BEST DAY OF YOUR LIFE. HOWEVER IF YOU DON'T POST THIS TO AT LEAST THREE VIDEOS OR YOU WILL DIE WITHIN TWO DAYS NOW UV STARED READING THIS SO DON'T STOP THIS IS SO SCARY PUT THIS ON AT LEAST FIVE VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR LOVERS NAME WILL APPEAR ON THE SCREEN IN BIG LETTERS THIS IS SO SCARE CUZ IT ACTUALLY Wrks
it works out to be well over 500k+++ per person in the US off debt , forget europe they are finished anyway its the us which is the big 500lb monkey in the room thanks
ive been trading the markets since 2007, let me tell you , your lead to believe that the debt is around 14 ish trillion its not , the real unfunded liabilities the US is in is wait for it ************* 115 trillion and counting there is web page showing realtime debt but the gov will not allow me to put the link on here sorry
This is a little outdated to say the least. Paul O'Neill states that "today the national debt is up from $5.3 to $8.8 trillion under Bush. Obama is Bush on steroids taking the national debt to $14.7 in his first 3 years alone!
This movie is such bs. It basically blames everything on republicans. It was the idiot democrats who invented entitlements which are now the end of the country and is wreaking all the havoc. Military is only 4% total of GDP. Entitlements are 60%. Its disgusting.
thebalancedrepublic is a new website looking to provide tools for us to grow as individuals and citizens. "Balanced" in this case includes personal and govt finances but also physical and emotional health; which are all tied together. Ultimately, if we want to balance our budgets, we will have to grow as individuals, work together, and then promote political reform together. We need to work on this. This is our country. No one will do it for us. Come share your insight.
WE ALLLLLL are responsible for this mess. It is a Republican and Democrat problem and we all are to blame. Blame does not help anything we are where we are and we will all need to make hard choices to cut the debet
What i want to know is, if Bill had put us on a sound fiscal budget plan for the next 25 years, who F**ked it up. Then once someone answers that, why do they blame social security, medicare, and medicaid. Really it seems that this is all the movie was aiming for in the first place. Social security has a 2.5 trillion dollar surplus except that someone spent it on all these stupid tax cuts for the rich. And medicare and medicaid have were passed in the 1960's. This movie is not non-partisan.
Social Security is losing money. It will go bankrupt by the time the 2020s roll around. The "surplus" is nothing more than bonds issued by the government. It has nothing to do with tax cuts, despite the fact that I know many use this mantra all the time.Every problem we have is always because of tax cuts. Soaring debt: tax cuts. Corrupt and wastful government spending?:tax cuts.Runaway inflation? You guest it: tax cuts. I mean, not only is it bogus, but it is getting a little old.
@regelemihai I'm afraid you still never answered the question, if Bill Clinton had made us financial sound and on track to pay back some of our debt for the next 25 years, as was stated in the full length movie, then who messed it all up? And my point in saying this is they never answered that question in the movie either, instead they blamed our entitlement programs. Which makes it clear to most that this movie is not non-partisan. BTW It was the tax cuts and the wars that messed it up.
No it wasn't the tax cuts, the tax cuts brought in excess revenue. The problem was spending. Part of the reason for Clinton's success was that he cut from entitlment spending. The biggest chunk of our debt is comprised of it; the movie is not partisan for pointing out such objective facts. To ignore them is to sign the economy's death warranet--which is exactly what is happening.
@regelemihai None of the programs are bankrupt just yet. Therefore, it cant be the entitlement programs that have created such a huge deficit. However, the Bush tax cuts account for 3.7 trillion dollars in lost revenue over the last 10 years and the wars account for 1.2 trillion--this is a known fact. Certain entitlement programs will eventually be hurting the budget and should be reformed modestly so that they may continue helping our society, but not massively like the movie suggests.
Entitlments have the biggest portion of our national debt. This is a fact. They're not bankrupted YET, but they're on the verge of bankruptcy.
The cost for the wars is indeed over a trillion. A trillion is a tiny portion of what Medicare alone owes.
The tax cuts raised revenue. In 2002 the government collected about 40 billion in tax receipts, and by 2005 it was close to 100 billion. Stats vary, but to attribute the debt crisis to the tax cuts is silly; even the clip said so.
@regelemihai If they haven't gone Bankrupt yet then obviously they werent the cause on the national debt. Taxes were higher for a couple years of post bush era tax cuts then they were the year right before, but only a few the rest were lower. Now compare that to rising trend in tax revenue the years before bush tax cuts and you notice that just about every year had greater revenue then the year before. My point here is, don't assume that the revenue increased because of the tax cuts.
Social Security is still in the positive, that is it is paying for itself and THEN some. That Medicare accounts for over half of the 53 trillion in owed amounts is the problem right there. Well, no, that is a lie. The PROBLEM is that we (The USA) are being forced to subsidize R&D costs and profit margins for the entire medical/pharm industry, and the rest of the world benefits scott free. That in turn raises the cost of equipment/meds which in turn raises doctor costs/insurance.
True. If the government subsidizes certain sectors within the economy, prices will rise. That, plus the FDA's regulations also raise the prices on crucial medicines.
I do disagree with you on SS, though. It's already paying out more than it's getting in, and the 2-3 trillion that is counted as a surplus is really just government bonds, i.e. I.O.U's. From my understanding that's not money that sits in a fund--it's money that's already been spent.
I won't argue the Social security point. Government subsidies aside, Pharmcos for instance mainly charge Americans for their R&D costs as well as FDA regulation costs, Because we can 'afford' to pay more for our drugs. Yet the rest of the world benefits from those same advances and FDA mandated quality at almost no cost. You know charging Peter more then Paul because Peter can pay more is illegal in the US, but if Peter is in the US and Paul is in Britain, then it's A-Ok.
Well if its understood we pay a much higher share of a pharmcos R&D/Quality control/Regulation costs per pill then the rest of the world, then when a advance is made, its not like we get to enjoy its benefits that much more. Its sold globally immediately. Likewise, since most medicine is made in the same factory no matter where its going, it will be made to the highest common denominator of standards for the markets they sell to; usually FDA regs.
It says at 27:31 "how much of this 53 trillion dollars in debt do we have? Zip."
Well, if just our average *ANNUAL* GDP is 15 trillion dollars ( more than our total national debt), how come we still have debt? If the revenue of one year(GDP) exceeds the total national debt, how the heck are we still in trouble? I'm confused.
@regelemihai It's so easy to get confused, but I'm here to help! (: To answer this question we must answer the question, what's in our GDP? Our GDP (~15 trillion) is 70% (Yes 70%) consumer spending. This money can not be taken away by the government towards our debt. 15% is government spending. 7% is non-residential investment, 4% is residential investment, and 4% is exporting of goods. When you have such a GDP that it is impossible to mess with it, it is very hard to use GDP to pay down debt.
Truely appreicate you taking your time to respond :)
A few questions: Why can't money be taken away by the government for consumption? When I consume, I hand in money to the company that seels me a product. That company takes that money as a profit, olr income, and income is taxed by the government.
Second, I didn't know that spening is counted as a part of the GDP. GDP, I thought, was the revenue produced--not spent.
@regelemihai The only way the 70% could be taken away is if we had socialism or communism, which I don't know if America is down to yet. When I say government spending makes up some of our GDP, I do not mean all government spending. Only infrastructure or research spending by the government is included in our GDP because they can have direct effects on our economy.
@liuhuaiyu ROOOOFL, not close to a dangerous situation? This is dangerous, no matter in wich perspective you put it in. The world isn't as it was a hundred years ago, it's harder to recover now and their government is just corrupted and tbh shitty.
There's a very simple solution to all this - DEFAULT and screw the banks. Don't restructure/stretch your debt to decades in the future, don't take on more debt, just default and rebuild your economy without the burden of debt.
I'm angered that so many from USA dont even know what the federal reserve is......the country is worth nothing as of now, yet these ignorant people still arguing about democrats and republicans? dont you people see its a drama play and its all pre written? if capitolism keeps existing, it will happen again with the next super power. We need to follow science and facts, and wake up to a scientific revolution, it can save the world. Free energy, end hunger, end diseases and cancers.
@jeffkuo Capitalism is not the problem. Bailouts are the exact opposite of captialism. In a real captialistic sociotey the banks and such would have been allowed to fail, which is what should have happened. Socialism and communism cannot work
@kingmafi6699 Yes the portion that choose to work harder to earn more money. Or make better business decisions. And there is no way to do away with the class system and have everyone on the same standard of living. Communism cannot work
@kingmafi6699 Hahahaha. Wow i've waited my entire life to hear someone say, "communism can work." Thank you, you are a living monument to mans foolishness. Communism can only make everyone equally poor, you need a free and thriving business market. I suggest you read animal farm or atlas shrugged
@kingmafi6699 the "capitalists" you mock, are by and large the small business owners. Small business owners put in more hours, and work harder than most factory/construction workers. In factory jobs one is limited to a 40 hour work week, and one's pay does not change unless the schedule does. A small business owner, especially at the beginning of his/her career, could put in 90 hours a week and still not take a pay check. Point is capitalists work extremely hard, and earn every penny.
I know what capitalists are silly. Everything I discuss is purly intellectual based and hardly has anything to do with "mocking".
Petit bourgeois or "small business owners" as you refer to are of course putting alot of effort into their operations because they have a smaller capital base thus the majority of them fail irrespective of how hard they work. Furthermore Marx predicted correctly that most of them will eventually be destroyed or conslidated.
@jeffkuo ,, People don't know how to follow the #'s, the Math, they want and think Physics is going to bow to them! So stupid,, when the reality is right in front of them,, they just deny the facts,, God Help Us!
Tonight I'm watching this for the first time in a couple years. The numbers are all so dated. I would like to see an updated IOUSA. Back then the deficits were 400 billion, now they are 1.5 plus trillion. National debt was 8.7 trillion, now its north of 14 trillion. The dollar is starting to slide now too. We are in a lot of trouble folks, and very few seem to care. So sad.
@ponyboy6666 Wow! Please enrich us with more of your wisdom! Tea Party members haven't been in control of anything yet, moron, and I guarantee you that they can fix "shit" better than fucking liberals, stupid ass.
The funny thing is that when this video was made the national debt was $8.7 trillion now it's $14.2 trillion and counting, so what ever the americans are doing is obviously working.
So how come 40% of GDP debt after the revolution is reduced quickly America survives, but you call 34% of GDP after the civil war "brink of banruptcy"?
Where woudl the US government turn if it needed a bailout? Is that supposed to be an unanswerable question, or is the obvious answer meant to sacre you? The answer is to the US taxpayers - hello, if things are really bad, you might have to pay more taxes for a while.
us debt is unserviceable . everybody is digging a hole in the sand and hidding, us governments are pumping the markets up with your cash tax payers cash ,you all wait until the QE2 or three or four runs out , the market will fall out the sky ,
If this country was a mom and pop store, it would be boarded up. We got like, two choices. Period.
Run these bastards out of town on a rail, buckle down and take our money and and our country back and scale goods, health care and services to actual costs and start making stuff here, again, or kiss America goodbye. There is no room in the getaway car, you Neocon, rah rah schmucks. The people who are gutting this country have the plane all warmed up, folks. It's fix it or **** it time.
@MrBunnerabb How about scaling the military back as well? Tax revenue down 15%, impose 15% pay cut on everyone on the miltary payroll. Sound like a fair idea?
@MrBunnerabb And when the miltary is at whatever level you think is appropriate, and the next recession hits, and Government revenue falls by 15% because so many people are out of work, should we then cut miltary pay by 15% (despite long term contracts/commitments) or sack 15% of the miltary (again probably violating contracts/commitments) ? That is the question. Or should we raise tax by 15% to cover the shortfall?
@MrBunnerabb And when the miltary is at whatever level you think is appropriate, and the next recession hits, and Government revenue falls by 15% because so many people are out of work, should we then cut miltary pay by 15% (despite long term contracts/commitments) or sack 15% of the miltary (again probably violating contracts/commitments) ? That is the question. Or should we raise tax by 15% to cover the shortfall?
@Scorpiusgrl or not, when (not if) the financial system collapses, money will be useless. Those who start saving now will have done so in vein. Turn your worthless paper into real hard assets before everyone figures out its worthless paper, by then, we'll be back to bartering....or the yuan.
unless you lose the fed reserve repeal nafta and discard WTO agreements- stop pursueing useless wars like iraq- and continue to put your money in global banks all this other stuff is pointless! Why not go after traders bankers and corporations who scammed the country recover lost money? why not nationalize your oil and resources instead of letting the BPS Enrons and halliburtons of the world profit off of what collectively belongs to all us citizens( pardon my occassional socialism)
Never in the movie does anyone talk about the trillions that go to military/security/industrial complex ! and trillions used to prop up puppet brutal dictators around the world ! get the priorities straight !
@stbx43z Are you saying we should not give foreign aid to anyone that has a dictatorship. Hell we even give North Korea aid in the form of food, why wouldn't we give "friendly" dictators just as much or more. Anyways if you watch the solutions video they talk about cutting military spending back to pre-war levels. Although they keep saying this is not a partisan problem, most conservative solutions are not presented. Note I said conservative not republican.
@aimsux3214 i think egypt is why you dont give friendly dictators money- and saudi arabia money when they jack the cost of oil at will with their opec cartel and send yet another saudi national here to blow up dams and power plants per the story today-- the neocons drove us into iraq and they will drive us into Iran when they get the chance- the iraq and afghan war were the first unpaid for wars in us history-see the result- ofocurse were paying now through the teeth
@salvadory Okay so back to my initial question. Should we give no aid to any country that has a dictatorship, regardless of living conditions in that country? As I said even North Korea receives aid from us. If they did not their people would starve because they have major food shortages in that country. Anyways its not like Mubarak cracked down on his people the way Kadafi is in Libya or the government in Iran did. Should we punish the citizens for not overthrowing their dictators?
@Secretsofsociety they starve anyways- millions have died in Nkorea- many times the north koreans sell the food and buy arms or take aid money and the regime profits- same thing happens in africa all the time- the regime will steal the food etc and sell it to other countries- or for themselves! And yes muburak did kill and make people disappear and dozens(est 240) were killed recently but mubareks abuses go back decades- pakistan is another millions wasted for the occasional al queda handover
@salvadory Yes, dictators can do whatever they want once they get the aid hence why dictators are bad. The Suez Canal is a valuable geographic location that runs through Eygpt. We can either A. Try to keep the dictator on our side B. Overthrow the dictator (Iraq) or C. Hope the people do the overthrowing for us, institute a government favorable to us and not do any business with them until they do(Iran). Option A is the easiest so we tend to do it the most. We don't control the world.
@stbx43z Don't get me wrong accountability is needed in the DoD. There is so much waste, fraud, and abuse its ridiculous. The funny thing is a small contractor that actually gets tasks done on time with just as high quality as Lockheed, the government will not buy from directly. Instead the small company has to pitch their product to Lockheed and then the government buys it from Lockheed because they trust them for some misplaced reason. This raises the price on the product substantially.
The amount of American denial in the comment is amusing me. It's too late for you America, the damage was done from 1920-2000. There is no fixing this unless you can come up with a time-machine and not make the flurry of mistakes you've made during that period.
sorry it is not 100% right now,Bush pushed it from 65% to 84% ,now with Obama he got it from 84% to 93% ,but have patience we get there with this President
It should be noted that the figures used in the movie are not nearly as bad as what actually occurred. No one, in 2008, foresaw federal deficits of over a trillion a year with no end in sight. One point always gets left out of the discussion: unfunded liabilities - a separate yet equally dangerous problem. At least we are unique in that we have a good view of our demise.
must read this. once u have started there is no turning back. a little 10 year old girl was raped and murdered in 1945. her body was not fund until 1947. then a boy last week read this and did not copy and paste this message. the dead girl appeared in his room haunting him and killed him. if you do not copy and paste this onto 10 videos 30 minutes the dead girl will appear in your room tonight and haunt you and kill you.
as long as some or even most / all people do not want to give up "their" entitlement and change their on way of living,for so long we will go down a road that we can not substain,as long as those people do not realize that you are entitled for NOTHING at all,we will be on that road,just look back in history,prior to 1930 there where NO entitlements at all and people had a good but tough life,it payed to work hard,now it payes to do nothing(for about 200 weeks),money well spend? u be the judge
Nothing good ever happens for the populace unless it is good for the rich and powerful as well. Everyone believes that we will default and go bankrupt, they just don't know when. If the USA doesn't crash and burn in the next two years I will be very very surprised. I think the tipping point has been passed and now it is just a matter of time. I think the PTB also realize it and are getting ready for it. Do the best you can to keep your family safe. Food, ammo & possibly gold & silver. Very sad.
@lookatthewholething If we are indeed at a tipping point (and I think we may be close) the rich will lose all capital assets in a crash. Anyone who owns stocks (outside energy, metals & commodities) will also be broke. the idea of mega salaries has spread from Wall Street (where one expects to find it) to sports, entertainment and public officials.
Obama care is only going to make the debt worse. Plus the interest on our debt that rises each year, and these bailouts that do nothing. We are too far gone and when we go the world economy will probably follow
If you notice the UK is in the same position as the US , debt based economy exporting factories and jobs. So the the UK is basically finished as well.
I blame us. WE ARE DUMB AMERICANS. WE THINK ITS COOL BUY SHIT WITH MONEY WE DONT HAVE
toocool0626 1 week ago
Penn State ECON!!!
We are Penn State
toocool0626 1 week ago
Pretty safe to say our parent's generation fucked us over.
redrumm222 1 week ago
Yup, watching this for MicroEcon.
051184 1 week ago
*does not blame bush (sorry)
zitterich76 1 week ago
this program does blame Bush or any one president. it strictly places blame on the policies of government. you need to really learn to read between the lines more. this debt issue was caused way back around the late 1800s and has effected every presidents decision making good or bad.
zitterich76 1 week ago
I'm watching this for my econ class. really don't know what i should write about
pr0d1gy90 1 week ago
@pr0d1gy90 LOL same here, your prob in my class.
Gotta write a paper on this docu, its crazy how much debt we are in.
gvert1213 1 week ago
God Luck. You will need it /Sweden
aedelerik 3 weeks ago 3
I don't get it though. Should people just think about not spending more than they earn? That sounds pretty simple to me. And btw, if anything, Obama is a fucking joke.
ohedd 3 weeks ago
Funy how the video blames Bush just as Obama and the Dems do, but the HUGE 8 Trillion deficit is now a WHOOPING 15 TRILLION. Obama has not only continued, but accelerated the growing debt at an unprecidented rate.
Hows that Hope & Change working for ya???
NObama 2012!!!
bigdv519 1 month ago 2
RON PAUL 2012
lolwut6045 1 month ago in playlist Documentaries 3
This is a global problem, nothing new. You ever heard of the third world debt crisis? Yeah, that thing that happened 30 years ago. Guess what! It didn't go away. You just forgot. Other countries are much worse off than the US, and I don't think any countries are immune to the effects of this, even if they have a balanced budget...
SnugglePuma 1 month ago
8.7 trillion, now it is 15 trillion. It has almost doubled in just a couple years.
Runswithscissors111 1 month ago 4
There is a plan, Otherwise why would we allow transcontinental currency imbalances. Or complete de-industrialization. New monetary system is probable.
cervantessssssssssss 1 month ago
Saving money? A joke as long as the Fed prints faster than a Formula I world cup event.
roibasses 1 month ago
doyouevenlift?
SRStrollisSRS 2 months ago
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A Great Site for getting followers on twitter. check it here : G o t F o l l o w e r s O n T w i t t e r . c o m
barbarajones1187 2 months ago
The 1-1.4 trillion comes from the wiki page on USA military spending-this irresponsible documentary,to me it's obviously a republican party funded propaganda piece-underrates that spending and cuts it IN HALF!! Look it up on Wikipedia folks
PtAltmVansanTarr 3 months ago in playlist PtAltmVansanTarr's favorites
@PtAltmVansanTarr You realize that this was made four years ago, when bush was in office. How could it possible be republican biased when they talk about the debt:GDP ratio drastically increasing when Reagan was president? Then they underscore Clinton's balanced budget, which got the system back in the right path, and Bush's tax cuts, which placed the ratio even higher. Did you seriously even watch the film or did you just see that this was relevant to today and thought it bashed Obama?
tbuck87 3 months ago
The real total for 2012 is 1-1.4 trillion for defense spending excluding classified National Intelligence Program
PtAltmVansanTarr 3 months ago
Wow wiki military budget,this video significantly underrated it.
PtAltmVansanTarr 3 months ago
This should be required viewing by every American. Make it a "State of the Nation Address" instead of Obama speaking.
And the fact that we owe twice as much now in 2011, almost 2012. Reign in spending now.
lisagracebooks 3 months ago
my dumb cat video(s) have more views than this...the media as opiates for the masses while the few become prepared
exzealient 3 months ago
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DON'T READ THIS CAUSE IT ACTUALLY WORKS YOU WILL BE KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF YOUR LIFE. TOMORROW WILL BE THE BEST DAY OF YOUR LIFE. HOWEVER IF YOU DON'T POST THIS TO AT LEAST THREE VIDEOS OR YOU WILL DIE WITHIN TWO DAYS NOW UV STARED READING THIS SO DON'T STOP THIS IS SO SCARY PUT THIS ON AT LEAST FIVE VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR LOVERS NAME WILL APPEAR ON THE SCREEN IN BIG LETTERS THIS IS SO SCARE CUZ IT ACTUALLY Wrks
ranranran09 3 months ago
Business class video.
ScopingTheSelection 4 months ago
8.7 trillion dollars ah those were the days
justlookaroundpeople 4 months ago
Ron Paul 2012
Restore America Now!
Andronichuk 4 months ago
That's it. I'm moving to Canada.
ishipwood 4 months ago
Start learning Mandarin, people.
mbenson9 4 months ago 18
@mbenson9 普通话是这么难
awesomessful 1 month ago
it works out to be well over 500k+++ per person in the US off debt , forget europe they are finished anyway its the us which is the big 500lb monkey in the room thanks
benjiheads 4 months ago
ive been trading the markets since 2007, let me tell you , your lead to believe that the debt is around 14 ish trillion its not , the real unfunded liabilities the US is in is wait for it ************* 115 trillion and counting there is web page showing realtime debt but the gov will not allow me to put the link on here sorry
benjiheads 4 months ago
ii
benjiheads 4 months ago
@23:47 is the scariest for me being that its Sept, 2011 now. We are definitely seeing the fallout for the Bush-fail era.
ruforsaken1 4 months ago in playlist ruforsaken1's Favorited Videos
This is a little outdated to say the least. Paul O'Neill states that "today the national debt is up from $5.3 to $8.8 trillion under Bush. Obama is Bush on steroids taking the national debt to $14.7 in his first 3 years alone!
TemerityApparel 4 months ago in playlist TemerityApparel's Favorited Videos
K-K-K-K-KRAIZI
jenskeroro 4 months ago
Thank you, Giorgio A. Tsoukalos
couchjordan 4 months ago
Shrink the Government and produce more leaders.
ginograzianobiz 4 months ago
@ginograzianobiz most retarded comment on this page in my opinion
skateinrat 4 months ago
This has been flagged as spam show
A successful method to keep the budget balanced:
Google for the pdf document called "The debt brake – a success story"
(it's written in English and uploaded on the official government website "admin.ch")
hammondtree 5 months ago
Comment removed
hammondtree 5 months ago
my little bro is 12 and his caring for this and afraid something really bad is going to happen if someone doesn't do something about this...
KaydenGEAR 5 months ago
tell retailers to stop overcharging us on products so we can save money :P
rydendm 5 months ago
This movie is such bs. It basically blames everything on republicans. It was the idiot democrats who invented entitlements which are now the end of the country and is wreaking all the havoc. Military is only 4% total of GDP. Entitlements are 60%. Its disgusting.
CRMChicago 5 months ago
@CRMChicago Give me sources for that please.
Manneomgwtf 3 weeks ago
Comment removed
CRMChicago 5 months ago
Comment removed
CRMChicago 5 months ago
The USA will die. (as we know it)
Government has failed. Governments are evil.
Time for a VOLUNTARY society! Everything can be done by voluntary interaction.
threebobs 5 months ago
thebalancedrepublic is a new website looking to provide tools for us to grow as individuals and citizens. "Balanced" in this case includes personal and govt finances but also physical and emotional health; which are all tied together. Ultimately, if we want to balance our budgets, we will have to grow as individuals, work together, and then promote political reform together. We need to work on this. This is our country. No one will do it for us. Come share your insight.
TheBalancedRepublic 6 months ago
WE ALLLLLL are responsible for this mess. It is a Republican and Democrat problem and we all are to blame. Blame does not help anything we are where we are and we will all need to make hard choices to cut the debet
sstruik 6 months ago
In simplicity, Republicans are responsible for this mess.
wtong89 6 months ago
@wtong89 Oh? So it's not the system. We just need the 'right guys' in there?
threebobs 5 months ago
More relevant today than when it was made four years ago. Looking back, this film was prophetic.
Lojikbom 6 months ago 34
8.7 trillion....lmao its near 15 trillion now....and to think i read empire of debt and saw this movie years ago.
what do you expect people are stupid and the govt knows it thats why they get away with it
Dkouts57 6 months ago
Whoo God help us!!!
marcos55055 6 months ago
I don't think this video focuses enough on the military industrial complex and its role in the debt.
Distortion0 6 months ago
How the heck have you upload 30 minutes?
TheMitsu9999 6 months ago
They Deg need to update this video, the numbers are so much worse now. Anyone else here buying physical silver, ammo, and canned foods?
edwardwills 7 months ago
anyone else just using this vid as a screen saver cause u gotta go do somthin lol
freddythefish100 7 months ago
Every b-school student ought to watch this.
joeybasu516 7 months ago
It will end by China holding all of usa in their pocket
Ulterior1980 7 months ago
"69 billion" *giggles*
AkaKalee 8 months ago
What i want to know is, if Bill had put us on a sound fiscal budget plan for the next 25 years, who F**ked it up. Then once someone answers that, why do they blame social security, medicare, and medicaid. Really it seems that this is all the movie was aiming for in the first place. Social security has a 2.5 trillion dollar surplus except that someone spent it on all these stupid tax cuts for the rich. And medicare and medicaid have were passed in the 1960's. This movie is not non-partisan.
jberling1 8 months ago
@jberling1
Social Security is losing money. It will go bankrupt by the time the 2020s roll around. The "surplus" is nothing more than bonds issued by the government. It has nothing to do with tax cuts, despite the fact that I know many use this mantra all the time.Every problem we have is always because of tax cuts. Soaring debt: tax cuts. Corrupt and wastful government spending?:tax cuts.Runaway inflation? You guest it: tax cuts. I mean, not only is it bogus, but it is getting a little old.
regelemihai 7 months ago
@regelemihai I'm afraid you still never answered the question, if Bill Clinton had made us financial sound and on track to pay back some of our debt for the next 25 years, as was stated in the full length movie, then who messed it all up? And my point in saying this is they never answered that question in the movie either, instead they blamed our entitlement programs. Which makes it clear to most that this movie is not non-partisan. BTW It was the tax cuts and the wars that messed it up.
jberling1 7 months ago
@jberling1
No it wasn't the tax cuts, the tax cuts brought in excess revenue. The problem was spending. Part of the reason for Clinton's success was that he cut from entitlment spending. The biggest chunk of our debt is comprised of it; the movie is not partisan for pointing out such objective facts. To ignore them is to sign the economy's death warranet--which is exactly what is happening.
regelemihai 7 months ago
@regelemihai None of the programs are bankrupt just yet. Therefore, it cant be the entitlement programs that have created such a huge deficit. However, the Bush tax cuts account for 3.7 trillion dollars in lost revenue over the last 10 years and the wars account for 1.2 trillion--this is a known fact. Certain entitlement programs will eventually be hurting the budget and should be reformed modestly so that they may continue helping our society, but not massively like the movie suggests.
jberling1 7 months ago
@jberling1
Entitlments have the biggest portion of our national debt. This is a fact. They're not bankrupted YET, but they're on the verge of bankruptcy.
The cost for the wars is indeed over a trillion. A trillion is a tiny portion of what Medicare alone owes.
The tax cuts raised revenue. In 2002 the government collected about 40 billion in tax receipts, and by 2005 it was close to 100 billion. Stats vary, but to attribute the debt crisis to the tax cuts is silly; even the clip said so.
regelemihai 7 months ago
@regelemihai If they haven't gone Bankrupt yet then obviously they werent the cause on the national debt. Taxes were higher for a couple years of post bush era tax cuts then they were the year right before, but only a few the rest were lower. Now compare that to rising trend in tax revenue the years before bush tax cuts and you notice that just about every year had greater revenue then the year before. My point here is, don't assume that the revenue increased because of the tax cuts.
jberling1 7 months ago
@regelemihai
Social Security is still in the positive, that is it is paying for itself and THEN some. That Medicare accounts for over half of the 53 trillion in owed amounts is the problem right there. Well, no, that is a lie. The PROBLEM is that we (The USA) are being forced to subsidize R&D costs and profit margins for the entire medical/pharm industry, and the rest of the world benefits scott free. That in turn raises the cost of equipment/meds which in turn raises doctor costs/insurance.
Cirno924 6 months ago
True. If the government subsidizes certain sectors within the economy, prices will rise. That, plus the FDA's regulations also raise the prices on crucial medicines.
I do disagree with you on SS, though. It's already paying out more than it's getting in, and the 2-3 trillion that is counted as a surplus is really just government bonds, i.e. I.O.U's. From my understanding that's not money that sits in a fund--it's money that's already been spent.
regelemihai 6 months ago
@regelemihai
I won't argue the Social security point. Government subsidies aside, Pharmcos for instance mainly charge Americans for their R&D costs as well as FDA regulation costs, Because we can 'afford' to pay more for our drugs. Yet the rest of the world benefits from those same advances and FDA mandated quality at almost no cost. You know charging Peter more then Paul because Peter can pay more is illegal in the US, but if Peter is in the US and Paul is in Britain, then it's A-Ok.
Cirno924 6 months ago
@Cirno924
I'm still confused as to what you mean when you say that the rest of the world benefits.
regelemihai 6 months ago
@regelemihai
Well if its understood we pay a much higher share of a pharmcos R&D/Quality control/Regulation costs per pill then the rest of the world, then when a advance is made, its not like we get to enjoy its benefits that much more. Its sold globally immediately. Likewise, since most medicine is made in the same factory no matter where its going, it will be made to the highest common denominator of standards for the markets they sell to; usually FDA regs.
Cirno924 6 months ago
@Cirno924
Gotcha'. Yeah, that's absolutely true. Refrom is needed, but I don't see it on the horizon. Political opportunism is far too strong.
regelemihai 6 months ago
I really don't get it anymore.
It says at 27:31 "how much of this 53 trillion dollars in debt do we have? Zip."
Well, if just our average *ANNUAL* GDP is 15 trillion dollars ( more than our total national debt), how come we still have debt? If the revenue of one year(GDP) exceeds the total national debt, how the heck are we still in trouble? I'm confused.
regelemihai 8 months ago
@regelemihai It's so easy to get confused, but I'm here to help! (: To answer this question we must answer the question, what's in our GDP? Our GDP (~15 trillion) is 70% (Yes 70%) consumer spending. This money can not be taken away by the government towards our debt. 15% is government spending. 7% is non-residential investment, 4% is residential investment, and 4% is exporting of goods. When you have such a GDP that it is impossible to mess with it, it is very hard to use GDP to pay down debt.
XxlivinwithitxX 8 months ago
@XxlivinwithitxX
Truely appreicate you taking your time to respond :)
A few questions: Why can't money be taken away by the government for consumption? When I consume, I hand in money to the company that seels me a product. That company takes that money as a profit, olr income, and income is taxed by the government.
Second, I didn't know that spening is counted as a part of the GDP. GDP, I thought, was the revenue produced--not spent.
regelemihai 8 months ago
@regelemihai The only way the 70% could be taken away is if we had socialism or communism, which I don't know if America is down to yet. When I say government spending makes up some of our GDP, I do not mean all government spending. Only infrastructure or research spending by the government is included in our GDP because they can have direct effects on our economy.
XxlivinwithitxX 8 months ago
@XxlivinwithitxX
Makes sense. Thank you for your response. Appreciate it.
regelemihai 8 months ago
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tyronephelpsphelps82 8 months ago
The real Revolution begins when people stop paying. That's what they are waiting and preparing for. And you should too.
LUCA7FOLD 8 months ago
This is where liberal economic policy gets you...
z4nizzle 9 months ago
This is just a political propaganda attacking Bush administration serving election purpose.
US has been there, 44% GDP, 114% GDP, all recoverable.
Federal Debt and this kind of financial figures are just one factor of country management.
Also, if you look at some Europe countries, income tax can be as high as 60% and the country is still ok.
US still have lots of room, it is nowhere close to dangerous situation financially, some other factors are far more important than this factor...
liuhuaiyu 9 months ago
@liuhuaiyu progressive tax, only a minority are on this tax
VarykGerai 9 months ago
@liuhuaiyu ROOOOFL, not close to a dangerous situation? This is dangerous, no matter in wich perspective you put it in. The world isn't as it was a hundred years ago, it's harder to recover now and their government is just corrupted and tbh shitty.
Manneomgwtf 3 weeks ago
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Well this fucking sucks
Sam78Man 9 months ago
There's a very simple solution to all this - DEFAULT and screw the banks. Don't restructure/stretch your debt to decades in the future, don't take on more debt, just default and rebuild your economy without the burden of debt.
juujuuuujj 9 months ago
I'm angered that so many from USA dont even know what the federal reserve is......the country is worth nothing as of now, yet these ignorant people still arguing about democrats and republicans? dont you people see its a drama play and its all pre written? if capitolism keeps existing, it will happen again with the next super power. We need to follow science and facts, and wake up to a scientific revolution, it can save the world. Free energy, end hunger, end diseases and cancers.
jeffkuo 9 months ago
@jeffkuo Capitalism is not the problem. Bailouts are the exact opposite of captialism. In a real captialistic sociotey the banks and such would have been allowed to fail, which is what should have happened. Socialism and communism cannot work
Hazmathzm84 9 months ago
@Hazmathzm84
That's your ideal of capitalism, That is not reality.
Capitalism must always by default create a class of people who have more power and influence than the majority.
Therefore power is always held in the hands of the few and it is they who keep the majority in stagnation and hostage to their decisions.
kingmafi6699 9 months ago
@kingmafi6699 Yes the portion that choose to work harder to earn more money. Or make better business decisions. And there is no way to do away with the class system and have everyone on the same standard of living. Communism cannot work
Hazmathzm84 9 months ago
@Hazmathzm84
Capitalists don't work hard. They wouldn't be capitalists if they had to work hard.
They have one thing that you and I don't and that's capital. When you have capital then you don't need to labor.
"And there is no way to do away with the class system and have everyone on the same standard of living. Communism cannot work"
I fundamentally disagree. Class and Social stratification will eventually be eliminated as the capitalist can only exploit so many people.
kingmafi6699 9 months ago
@kingmafi6699 Hahahaha. Wow i've waited my entire life to hear someone say, "communism can work." Thank you, you are a living monument to mans foolishness. Communism can only make everyone equally poor, you need a free and thriving business market. I suggest you read animal farm or atlas shrugged
Hazmathzm84 9 months ago
"Communism can only make everyone equally poor"
I don't advocate Leninist central planning. That's not the Communist society Marx spoke of.
kingmafi6699 9 months ago
@kingmafi6699 the "capitalists" you mock, are by and large the small business owners. Small business owners put in more hours, and work harder than most factory/construction workers. In factory jobs one is limited to a 40 hour work week, and one's pay does not change unless the schedule does. A small business owner, especially at the beginning of his/her career, could put in 90 hours a week and still not take a pay check. Point is capitalists work extremely hard, and earn every penny.
jjanczy62 8 months ago
@jjanczy62
Mock? Who did i mock?
I know what capitalists are silly. Everything I discuss is purly intellectual based and hardly has anything to do with "mocking".
Petit bourgeois or "small business owners" as you refer to are of course putting alot of effort into their operations because they have a smaller capital base thus the majority of them fail irrespective of how hard they work. Furthermore Marx predicted correctly that most of them will eventually be destroyed or conslidated.
kingmafi6699 8 months ago
@jeffkuo ,, People don't know how to follow the #'s, the Math, they want and think Physics is going to bow to them! So stupid,, when the reality is right in front of them,, they just deny the facts,, God Help Us!
catwatters4 9 months ago
Tonight I'm watching this for the first time in a couple years. The numbers are all so dated. I would like to see an updated IOUSA. Back then the deficits were 400 billion, now they are 1.5 plus trillion. National debt was 8.7 trillion, now its north of 14 trillion. The dollar is starting to slide now too. We are in a lot of trouble folks, and very few seem to care. So sad.
WSOR4025 9 months ago 19
@WSOR4025 People are afraid to be smart!
catwatters4 9 months ago
lol thumbs up if you laughed when that fat kid cracked up at his friend saying 69
otter536 9 months ago
well there isn't any such thing as a 'trade deficit'. It defies all logic to even think of such a concept.
swu880 9 months ago
Well? How many of you think FDR is one of our greatest presidents now?
duddad 9 months ago
Back in 1984 a CD paid 13% interest. When the rates go back up people will save.
While the Federal Reseve keeps rates at almost zero by printing money nothing will change.
My 2 cents
marketonclose 10 months ago
mismanagement is the problem. republicans, tea party members, can't fix shit any better than liberals. conservatives aren't the answer.
ponyboy6666 10 months ago
@ponyboy6666 Wow! Please enrich us with more of your wisdom! Tea Party members haven't been in control of anything yet, moron, and I guarantee you that they can fix "shit" better than fucking liberals, stupid ass.
duddad 9 months ago
The funny thing is that when this video was made the national debt was $8.7 trillion now it's $14.2 trillion and counting, so what ever the americans are doing is obviously working.
mirabilo 10 months ago
This Is A Great Vid, I've Been Making Money Online For A While Now.Keep It Up It's Not That Difficult.
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webmodelmoney 10 months ago
So how come 40% of GDP debt after the revolution is reduced quickly America survives, but you call 34% of GDP after the civil war "brink of banruptcy"?
macroman52 10 months ago
Where woudl the US government turn if it needed a bailout? Is that supposed to be an unanswerable question, or is the obvious answer meant to sacre you? The answer is to the US taxpayers - hello, if things are really bad, you might have to pay more taxes for a while.
macroman52 10 months ago
Did I miss something, or did this jump from the end of Clinton years to 2008, with no graphic shoiwng the growth of debt under dubbya?
macroman52 10 months ago
@macroman52 The whole second part is about Bush...
fab006 10 months ago
we need a revolution, plain and simple to start over and get back to the basics
dmeiske1 10 months ago
well America, if you're going to go down, do it big like you always have.
JSSJeepin 10 months ago
us debt is unserviceable . everybody is digging a hole in the sand and hidding, us governments are pumping the markets up with your cash tax payers cash ,you all wait until the QE2 or three or four runs out , the market will fall out the sky ,
benjiheads 10 months ago
"Yes, the Cold War ended, but at an extremely high price" -- I can think of a much higher price, but not payable with money.
shocker147 10 months ago
If this country was a mom and pop store, it would be boarded up. We got like, two choices. Period.
Run these bastards out of town on a rail, buckle down and take our money and and our country back and scale goods, health care and services to actual costs and start making stuff here, again, or kiss America goodbye. There is no room in the getaway car, you Neocon, rah rah schmucks. The people who are gutting this country have the plane all warmed up, folks. It's fix it or **** it time.
MrBunnerabb 10 months ago
@MrBunnerabb How about scaling the military back as well? Tax revenue down 15%, impose 15% pay cut on everyone on the miltary payroll. Sound like a fair idea?
macroman52 10 months ago
@macroman52
If we stopped wiping everybody's noses on the world stage and starting wars to keep oil traded in USD, the military would scale itself back.
MrBunnerabb 10 months ago
@MrBunnerabb And when the miltary is at whatever level you think is appropriate, and the next recession hits, and Government revenue falls by 15% because so many people are out of work, should we then cut miltary pay by 15% (despite long term contracts/commitments) or sack 15% of the miltary (again probably violating contracts/commitments) ? That is the question. Or should we raise tax by 15% to cover the shortfall?
macroman52 10 months ago
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@MrBunnerabb And when the miltary is at whatever level you think is appropriate, and the next recession hits, and Government revenue falls by 15% because so many people are out of work, should we then cut miltary pay by 15% (despite long term contracts/commitments) or sack 15% of the miltary (again probably violating contracts/commitments) ? That is the question. Or should we raise tax by 15% to cover the shortfall?
macroman52 10 months ago
This is horribly bad for the U.S: I think there's no solution; the damage is done!The best thing maybe to do is, start saving money NOW!!!!
Scorpiusgrl 11 months ago
@Scorpiusgrl , yes but don't put it in the banks....
openmindedaussie 11 months ago
@Scorpiusgrl or not, when (not if) the financial system collapses, money will be useless. Those who start saving now will have done so in vein. Turn your worthless paper into real hard assets before everyone figures out its worthless paper, by then, we'll be back to bartering....or the yuan.
JSSJeepin 10 months ago
unless you lose the fed reserve repeal nafta and discard WTO agreements- stop pursueing useless wars like iraq- and continue to put your money in global banks all this other stuff is pointless! Why not go after traders bankers and corporations who scammed the country recover lost money? why not nationalize your oil and resources instead of letting the BPS Enrons and halliburtons of the world profit off of what collectively belongs to all us citizens( pardon my occassional socialism)
salvadory 11 months ago
Never in the movie does anyone talk about the trillions that go to military/security/industrial complex ! and trillions used to prop up puppet brutal dictators around the world ! get the priorities straight !
stbx43z 11 months ago
@stbx43z Are you saying we should not give foreign aid to anyone that has a dictatorship. Hell we even give North Korea aid in the form of food, why wouldn't we give "friendly" dictators just as much or more. Anyways if you watch the solutions video they talk about cutting military spending back to pre-war levels. Although they keep saying this is not a partisan problem, most conservative solutions are not presented. Note I said conservative not republican.
aimsux3214 11 months ago
@aimsux3214 i think egypt is why you dont give friendly dictators money- and saudi arabia money when they jack the cost of oil at will with their opec cartel and send yet another saudi national here to blow up dams and power plants per the story today-- the neocons drove us into iraq and they will drive us into Iran when they get the chance- the iraq and afghan war were the first unpaid for wars in us history-see the result- ofocurse were paying now through the teeth
salvadory 11 months ago
@salvadory Okay so back to my initial question. Should we give no aid to any country that has a dictatorship, regardless of living conditions in that country? As I said even North Korea receives aid from us. If they did not their people would starve because they have major food shortages in that country. Anyways its not like Mubarak cracked down on his people the way Kadafi is in Libya or the government in Iran did. Should we punish the citizens for not overthrowing their dictators?
Secretsofsociety 11 months ago
@Secretsofsociety they starve anyways- millions have died in Nkorea- many times the north koreans sell the food and buy arms or take aid money and the regime profits- same thing happens in africa all the time- the regime will steal the food etc and sell it to other countries- or for themselves! And yes muburak did kill and make people disappear and dozens(est 240) were killed recently but mubareks abuses go back decades- pakistan is another millions wasted for the occasional al queda handover
salvadory 11 months ago
@salvadory Yes, dictators can do whatever they want once they get the aid hence why dictators are bad. The Suez Canal is a valuable geographic location that runs through Eygpt. We can either A. Try to keep the dictator on our side B. Overthrow the dictator (Iraq) or C. Hope the people do the overthrowing for us, institute a government favorable to us and not do any business with them until they do(Iran). Option A is the easiest so we tend to do it the most. We don't control the world.
Secretsofsociety 11 months ago
@stbx43z Don't get me wrong accountability is needed in the DoD. There is so much waste, fraud, and abuse its ridiculous. The funny thing is a small contractor that actually gets tasks done on time with just as high quality as Lockheed, the government will not buy from directly. Instead the small company has to pitch their product to Lockheed and then the government buys it from Lockheed because they trust them for some misplaced reason. This raises the price on the product substantially.
aimsux3214 11 months ago
67 people have no idea what lies ahead for our country if nothing is done about this.
Jurasskick 11 months ago
It is concerning that I watch this now and think of more innnocent times when the numbers were only as bad as in this film.
2plus2make4 11 months ago
after watching this, I am getting impatient for when the american economy does actually implode
dezmundo1251 11 months ago
America is a cluster fuck!!!
blkhat117 11 months ago
BUY PHYSICAL SILVER NOW !
FGTBOGSAT 11 months ago
I believe it is not only a good lesson for USA, also for all COUNTRIES in the world to be careful on government debt.
reinherdvhwang 11 months ago
12:04 "You have to pay for what you buy..." Americans are so funny, incredible!
sahok 1 year ago
LET IT BURN!!! the system has to fail for real change
MarcusTheReverent 1 year ago 20
@MarcusTheReverent Ladies and gentlemen, this person voted for Obama. Someone who WANTS the destruction of America.
leftisntright 10 months ago
@leftisntright i dont vote
its your problem
MarcusTheReverent 10 months ago
@MarcusTheReverent ...Change? Then what. No system, what do you think happens?
hihi0 8 months ago
@hihi0 anarcho-capitalism :D
obeonecolby 8 months ago
@MarcusTheReverent I see things changing in one of two ways, all out civil war, or complete failure of the system
TheChief417 7 months ago
cut military spending
RockinJoeDavis 1 year ago
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FAKE USA has no debt FAKE FAKE FAKE FAKE FAKE
meatjucifer 1 year ago
The amount of American denial in the comment is amusing me. It's too late for you America, the damage was done from 1920-2000. There is no fixing this unless you can come up with a time-machine and not make the flurry of mistakes you've made during that period.
Too late: "game over"
Foxx1981 1 year ago 2
China slaves Lol :-P
borsuk96 1 year ago
I wish he could update the graphics on the video to reflect it is now 100% of GDP not 64% of GDP!
edwardwills 1 year ago 8
@edwardwills EXACTLY!
XxlivinwithitxX 1 year ago
@edwardwills
sorry it is not 100% right now,Bush pushed it from 65% to 84% ,now with Obama he got it from 84% to 93% ,but have patience we get there with this President
Hoschi0913 7 months ago
I just watched this to waste 30 minutes so I could watch something of of megavideo. LoL
hetaliapaw 1 year ago
@hetaliapaw me too this video is gay and false, just those end of the world people
GPunktmod 1 year ago
Comment removed
berdo2727 1 year ago
It should be noted that the figures used in the movie are not nearly as bad as what actually occurred. No one, in 2008, foresaw federal deficits of over a trillion a year with no end in sight. One point always gets left out of the discussion: unfunded liabilities - a separate yet equally dangerous problem. At least we are unique in that we have a good view of our demise.
smb12321 1 year ago
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must read this. once u have started there is no turning back. a little 10 year old girl was raped and murdered in 1945. her body was not fund until 1947. then a boy last week read this and did not copy and paste this message. the dead girl appeared in his room haunting him and killed him. if you do not copy and paste this onto 10 videos 30 minutes the dead girl will appear in your room tonight and haunt you and kill you.
katman1231 1 year ago
This world is Fucked! America is fucked. FUCK!
xXxMasterwafflexXx 1 year ago
as long as some or even most / all people do not want to give up "their" entitlement and change their on way of living,for so long we will go down a road that we can not substain,as long as those people do not realize that you are entitled for NOTHING at all,we will be on that road,just look back in history,prior to 1930 there where NO entitlements at all and people had a good but tough life,it payed to work hard,now it payes to do nothing(for about 200 weeks),money well spend? u be the judge
Hoschi0913 1 year ago
Nothing good ever happens for the populace unless it is good for the rich and powerful as well. Everyone believes that we will default and go bankrupt, they just don't know when. If the USA doesn't crash and burn in the next two years I will be very very surprised. I think the tipping point has been passed and now it is just a matter of time. I think the PTB also realize it and are getting ready for it. Do the best you can to keep your family safe. Food, ammo & possibly gold & silver. Very sad.
lookatthewholething 1 year ago
@lookatthewholething If we are indeed at a tipping point (and I think we may be close) the rich will lose all capital assets in a crash. Anyone who owns stocks (outside energy, metals & commodities) will also be broke. the idea of mega salaries has spread from Wall Street (where one expects to find it) to sports, entertainment and public officials.
smb12321 1 year ago
Obama care is only going to make the debt worse. Plus the interest on our debt that rises each year, and these bailouts that do nothing. We are too far gone and when we go the world economy will probably follow
NeuterSkooter 1 year ago
17:54 many of those countries went bankrupt since the making of this vid...
Biggunz100 1 year ago
america is fucked.
SuperOggaBogga 1 year ago 54
@SuperOggaBogga
proper fucked
starwipeyourself 11 months ago
If you notice the UK is in the same position as the US , debt based economy exporting factories and jobs. So the the UK is basically finished as well.
hablerz 1 year ago
a 3% rise in taxes to the wealthiest 2% (what the Democrats proposed expire from the bush tax cut) would have amounted to 700 billion.
Clinton was the only president to have budget surpluses since Nixon.
Republicans are never going to be the answer.
CassAnayadotcom 1 year ago
@CassAnayadotcom
Your not entitled to what others earn.
The government must constrict and not write checks it can't back.
chewbaca1989 1 year ago
I would like to see an updated version of this video, with the Obama years and his tripling the rate of deficit spending
placidomax 1 year ago 2
gfh
Axheln 1 year ago
we're fucked
toology55 1 year ago
I want to know our current situation...It'll probably depress me...
jcurnes 1 year ago
64 people are baby boomers
jorDzrc 1 year ago
Anyone else notice at 2:00 how the second kid tries to hide his laughter when his buddy says "69 billion"?
hee hee hee...69...
ATL45 1 year ago