I know how debt interest works. If you bought a 30 year $10,000 US Treasury Bond under President Reagan, you would have received 17.5% interest compounded annually and we are now redeeming that $10,000 bond for $2,000,000 each. The debt crisis was in 1980-1988. US Treasuries under Obama have a yield of Zero% and will be redeemed for not much more than their face value.
I say we sell the remnants of the Dutch West India Company, kind of like the American Colonization Society did in the early 1800s, as collateral for the debt that we owe to China, Japan, and the like.
It's true that debt is a problem 71% of which was achieved under Republican presidents. 29% of the debt was racked up under Democratic presidents. Bill Clinton by far has been the most responsible and successful at keeping the debt down. GW Bush spent the most. Obama is on pace to pass him.
This video is nonsense. President Reagan caused our debt problem. He loaned money out at 17.5% interest yield to investors. Obama is loaning money at 0.1%. Obama will reduce debt interest expense by $4 Trillion over the next 10 years, by swapping President Reagan debt for present day low interest loans. Obama and Bernake are refinancing Reagan's stupid mistake and saving America. Google-Images "Historical U.S. Treasury interest rate yield" see graphs and learn the real facts.
This video is nonsense. President Reagan caused our debt problem. He loaned money out at 17.5% interest yield to investors. Obama is loaning money at 0.1%.
Google-Images "Historical U.S. Treasury interest rate yield" see graphs and learn the real facts.
Obama will reduce debt interest expense by $4 Trillion over the next 10 years, by swapping President Reagan debt for present day low interest loans. Obama and Bernake are refinancing Reagan's stupid mistake and saving America.
This guy and his website is a slick right wing Union busting website. Who really owns governmentgonewild? You can't find out. Gee I wonder why. Because Right Wing Conservatives who want to keep the American Worker “IN HIS PLACE”! Unless the American worker can unionize and have a say in the workplace, the middle class is doomed, if it already hasn’t been!
To which 'republic' might you be referring? I think you meant the corporation known as 'The United States of America.' People need a better understanding of American History.
What about the money spent on wars? Billions wasted. How about illegal immigration? Billions more shipped south by illegals working here. There there is the farm subsidies, billions paid to farmers that would otherwise go out of business.
I hope you realise that the Fed Reserve is a PRIVATE bank. Although Treasury mints money notes&coins (M0), it is the Fed Reserve that creates the vast majority of money (M3) from debt. The American Govt last had the ability to create its own money 100 years ago, now it borrows at interest.
usdebtclock org : take a look at "About"-->"Banking/Money History"
Govt has to spend & requires money, but borrowing from a private institution when it once had the power to print it itself is ludicrous.
His number about the ability to give one of those cars is factually inaccurate. In order to give one car to every taxpayer, the car would have to cost about $26,666, not exactly a dreamcar.
@hokazeraimizutsuchi Maybe you should use a calculator. There are approximately 110,000,000 taxpayers in this country. Please do not question our numbers without first doing YOUR homework.
@GovtGoneWildSeminars Maybe you should, too. With the exception of kids, EVERYONE in this country pays taxes; it's just that not everyone pays all kinds of taxes. The number cited by rgilbreth (actually 47%) is the number that do not pay federal income tax, probably because they make too little, have too many deductions, or both. They still pay state income taxes, local income taxes, sales taxes, payroll taxes, property taxes (directly if they own; indirectly if they rent).
@hokazeraimizutsuchi I ran the numbers based on what you said. Subtracting the number of kids (about 75,600,000 according to childstats.gov) from the total adult population yields about 237,000,000 people. If each taxpayer were given a car from that, it would be worth $33,755 (and remember, this doesn't count kids who work, which makes that number even lower). If he doesn't get that, he's being close-minded and dogmatic, so don't worry about him anymore.
@ninjayism It saddens me that so many people, over 5,000,000 at the time I'm writing this, have been lied to by this guy. Thank you for correcting us both: me because I forgot to count kids, and him because he shoots out propaganda about only 110,000,000 Americans paying taxes. He ought to know better, and maybe he does (but why let the truth get in the way of a good talking point, right?).
@MsConstitutionalist "How big of a number is $8 trillion? That's enough to give a Lotus Evora dream car to every taxpayer in America." That's what he said.
It doesn't matter what he meant (even if that is what he meant, which I doubt); what matters is what he said, and what he said is a lie. It is a lie that he continues to propagate. Hitler knew too well...
"If you tell a big enough lie, and tell it frequently enough, it will be believed."
@GovtGoneWildSeminars : @hokazeraimizutsuchi called you out on your lie, and so did I. I know you won't take this propaganda down, but I'm glad that the media (other than non-journalism like Fox News) doesn't take claims like this seriously.
the so called federal reserve....a sham, hijacking the u s of a in 1913, december 23rd....international bankers run the show, so complaining about the debt and the government gone wild and all is missing the mark, take back the power to coin money, back to the congress where the constitution states the function to be, and overhaul a corrupt wayward ship..otherwise we are all full of (shit) debt and ignorance as to who is to blame, join the protest movements!!!
Ya Im sick of these hyped up videos. People email me these all the time. I always say ask yourself 3 questions. 1. was there any sources for this information? 2. Does this video really bother me enough to go out do my own research for the facts? 3. Is this video making someone else money if I click on it? - It will be a fun place to live when we don't need Lawyers and salesmen anymore.
FYI: ~Hey $uckers, -it's just a replay of the 1930's Bank'ster-mafia 'Capitalists' shakedown of you willing chumps that have let these Rothschild/Rockefeller et'al mobsters hyjack our 'real Dollar' usTreasury in 1913 by illegally substituting their so-called Fed.Reserve (counterfeit Dollar-notes) & IRS-henchmen, and their criminal ADL(Anti-DefamationLeague; aka: the Jew-Bnai'Berith) PR-shysters! Don't let'em grab your home via their MERS Fraud'closure, ---track'em down now to their demise..!!!
The govt. debt is horrendous. But one thing they need to tap the brakes on is foreign debt holders like China. China doesn't own the u.s. They only hold 8% of the u.s. debt. Japan comes in second with just under 7%. American entities in some form or fashion(the fed, city governments, pension funds, etc) hold 80% of the debt. So we aren't beholden to any other govt. We are in effect screwing ourselves.
Alan Greenspan warned George W Bush that if he kept the same surpluses as Clinton had. the USA would pay off all its debt in the foreseeable future, and that would be bad for the Federal Reserve.
But it would have been good for the US Taxpayer, eg in reforming entitlements to a sustainable expense.
Why did Alan Greenspan advise Bush to hike the National Debt? Has he ever explained?
@coroboree Clinton's so called surplus was spent, therefore it is not a surplus. He just didn't spend what his budget called for, but he did not pay down the debt, he actually added to it every year also.... You can check the numbers at treasurydirect.gov
The deficit is the most important figure, what comes in to what goes out, not the total debt.
The debt was to prop up banks otherwise it would be soup lines all over. But, the money should have been used to wipe out negative equity of the "end users", not fund banks to continue what they badly do.
From about 7% of the economy, the Financial services sector in the USA is around 30%. Manufacturing was pushed out to China.
Youtube search on "RSA Animate - Crises of Capitalism". Great animation
Reagan took money from the SS/medicarefor defense. They did it again with Bush sr. TARP was created by Bush Jr. But we're supposed to believe that all of our money and system problems were created by a single black man that hasn't even been in office for a full term yet.
@MacehuaAtStonehaven FACT CHECK. it was Dubbya's own cabinet that came up with the idea. and he alone decided to put it into place but delayed as long as he could because he knew someone else would ultimately have to sign it. I have the CNN interview to back up my info.
@the1tigglet You need to look up the Social Security Act and get your facts. SS was set up to be borrowed against, it is written in the law. The money was borrowed against since day one...... The problem with Obama is he seems to think that the Rich can pay for everything and is wasting money faster than any other president ever elected. He also skews numbers to his favor even when they are bullcrap. A moron can figure it out~!
@charity2448 oh i know it CAN be borrowed against, this is why we need it to be audited so that the money Reagan took from it to bolster the defense fund will be returned restoring SS and medicare, the problem is these bought out politicians on both sides who wish to keep getting their REAL paychecks from big corporations and banks don't want to return the money, one big party in particular of mostly boughtouts are the repiggies.
Funny, these videos never appear unless a democrat is in office. Nevermind, that the dem that took over inherited a fucking mess from the irresponsible republican.
Furthermore, where is this guys talk about the Bush tax cuts? ( which became the Obama tax cuts ) that are the most expensive piece of legislation we've had in our history--and look where the tax cuts are getting us--that's right, ZERO jobs! Eliminate ALL tax cuts and cut all this excessive military spending by 70%, then we'll talk.
This guy is full of $&#@....Anybody can stand in front of a camera and spit figures out their ass. There is absolutely no back up or credited source on any of his videos or his website.
YOU GUYS ARE ALL FREAKING STUPID, THE NATIONAL DEBT IS CRUCIAL FOR THE USA AND IT'S GOOD TO BE IN NATIONAL DEBT OMG ppl use you're brains...alexander hamilton was pure genius. pure. fucking. genius.
Okay I dont like living a country in debt but those numbers are really off and its a republic yes but the ideas are based off a democracy your just agitating people who don't know the real numbers with this message which is just going to lead to extreme behavior not a solution
Wtf this video is excellent until the very end where you have this fruity $100 Million per day issue... even the sensible anti-debt people are sneaky salespeople. $2.1 Trillion divided by 365 days is about 5.75 Biliion a day, not 100 Million.
Ok so what can we do to change this? Thanks for pointing out the problem. Now what? "Forward this to everyone you know." And then do what? Commiserate with them? These videos are useless unless you call people to act on a suggested solution.
@4490676 No, that's your RESPONSIBILITY as a newly informed CITIZEN of the United States. What you do is take it upon yourself to figure out what you need to do, the internet is a vast see of info and I'm sure there is some way to get your own opinions formed by facts, then heard, stay toasty, my friend.
The so-called National Debt is a fraud because the interest is impossible, since that much money doesn't exist, etc, etc, etc. If you borrowed one penny in gold at 7% interest back in the year one, by now the interest alone would be a WHOLE lot of solid gold spheres, each as large as the planet earth. Obviously, that's a fraud because that's impossible. Don't pay the interest and let's hang the hoaxers (after a trial and due process, of course :-)
The problem lies with 57% of americans are on some type of government assistance. I work with the public everyday and see that 90% of the people that are in the draw have no reason whatsoever to receive help other than just laziness
Get rid of the goddamn entitlement programs--welfare, food stamps, Medicaid, WIC, AFDC and all of the other 'gimme' money. Get rid of it all. The budget is balanced in 10 years, and the debt is paid off. 60% of the government's budget goes to--you guessed it--those fuckers with the giant wagon wheels on their car, the ghetto sag, and the 40 oz. Until people stop being pussies and get pissed off about these fucking leeches, the picture is only going to get worse.
@obtuse100 Well, that's certainly a way to get someone to really listen to what you have to say! You're probably one of those pussified bitches that thinks everyone is 'entitled' to live. That's ok, asshat...you'll get laid someday. Thanks for your oh-so-complex analysis.
@mightymichelob - nothing complex about it, dumb-ass.What's so difficult to understand - the four-letter word or the three-letter one ? So STFU before I come over and pop all of the tires on your house.
@obtuse100 Awww...your rebuttals are so rich in content. "Pop the tires on my house"? Really? That's original! I wouldn't expect complexity from such a simpleton as yourself. But I would welcome a visit from someone with such a expansive vocabulary. Your anonymity online sure gives you a big set of faux cajones. I'm sure if you sat across the table from me, you'd probably crawl away like the cockroach you are. With that said, I refuse to continue bantering with a moronic knuckle dragger.
Well if people will go round having 3.6 trillion dollar wars and refuse to make the wealthiest 5% who own 60%+ of the countries wealth pay a even remotely meaningful tax rate your going to have a problem. A Ceo should not be paying less tax as a percentage of their income than their Secretary.
The problems are still small compared to the ones in Europe. You Americans can let the Fed printing new money and the interest on your bonds is very low. And only a small portion of your debt is owned by foreign countries. Just the inflation (3%) will halve the debt in 22.7 years. And by then the GDP will be higher than today
@Matss0n Wrong, the feds dont print money, the privately owned EU based Federal Reserve does. Don't let the name fool you, the Federal Reserve is no more federal than Federal Express.
@whanethewhip I thought Federal Reserve was owned by American banks? But still, my point was that the problems are bigger in Europe. The real lending-cost for your government isnt higher today than it was in 1990...
So how do we fix this problem? Obviously, we can't just cut everything, we need to raise revenue, so how do we do that?? I get the warning message, where's the SOLUTION!?
why do we persist & insist in proping up this broken system of ours through bailouts & stimulus?
if the system doesnt work let it crash & lets start over...but wait, that wouldnt be fair to them billionaires who pull the strings of our gov, gosh, how naive of me-
This is all fine and dandy but what exactly do you think we can do about it? NOTHING. There is ZERO we can do about this situation. So unless there is a real solution this is just smoke in the wind.
Why do you think US is going to the supposed "WAR against terrorism" in the world? It was no war against terror it was an attempt to seize the natural resources and so that they could get their own companies to work in those companies.... Same thing happened in IRAQ....no weapons of "MASS destruction" and Africa is suffering due to the short comings of US as well....actually the WHOLE WORLD is suffering because of thr US!
Why would they only pay $100 million per day when tax collection are $5.5 billion per day???? $100 million per day is less than the interest payments.
The national debt is $14.6 trillion. Tax revenue is $2.2 trillion per year. The interest is $214 billion per year For simplicity assume all interest must be paid until the debt is paid off. Using all the available tax revenue to pay off the debt would only take 7.35 years.
Manipulating the math to exaggerate the problem ruins a good message.
Your very wrong on your numbers. You can easily go to treasurydirect.gov and check the total interest paid in 2010. To be exact, we spent $454,393,280,417.03 in 2010. You might want to check facts before you dismiss something as serious as this.
@charity2448 Thank you for the link. I got the number from USDebtClock. Their number is Net Interest on Debt, I wonder if there is that much interest income to offset 50% of the interest paid. Maybe you can look into that?
And my statement still stands. The video sets up a strawman argument, or in this case a scarecrow to frighten everyone. The real problem is scary enough. The US spends $1.3 trillion more than it brings in every year. That has to stop.
AMERICASNS, complain all you want. The reason your debt has balloned lies in the personal interests of the Bush-Cheney clan that have embarked the nation in 30 years of inexplicable wars in order to inflate their private company`s balance sheets. Whether its petroleum rights or reconstruction of infrastructure. American lives and money has been disposed of to put these private corporations in the driving seat of international politics. Now, everyone cries about the debt? remember the bail outs!
For those the advocate raising taxes on the rich (called the marginal tax rate) every study has shown that doing so actually reduces total revenue from taxes. We have only one choice. CUT SPENDING! We need to cut social and military spending in half. That's the only chance we have. Yes, that means some Americans will have to go to work. The good news is, when people work, they actually create more jobs with their economic activity.
Focusing on "the government" being the problem is the "free-market" corporate and wealthy elite play to keep the focus off of them and kill all regulations so they are free to exploit without repercussions.
Why bother telling us what is going to happen 10 years from now........we are done for as a nation in less than one or two years no matter what we do. Complete collapse and chaos is in our very near future so why drone on with worthless statistics. Prepare for the dark days ahead as best as you can or suffer the consequences. God help us.
Spent a lot on interest huh? Then I guess the Bush tax cuts in 2001 were not a great idea? Let's raise the taxes on assholes that sell bullshit videos.
These are some great videos on the Facts, however, he never gets into the WHY of what's happening. If you want to know why The United States is going down, it really is quite simple. Just click on my name and watch a couple of short videos:
"Get involved?" And do what? You just said that the debt could never be repaid. The private sector working man's political enemies are your neighbours, friends and family on an entitlement program and or receiving earned income credit checks from the IRS, employed by the federal government, or on some form of federal pension. 50% pay ZERO in federal income tax! Perhaps we need this suffering to reverse this BS. In addition, the central banking welfare/warfare paradigm is about to be remodeled.
Very scary, but what if I told you there was a way to stop incurring debt, pay for vital programs we need and want, and do all this without borrowing or raising taxes? Best of all, it was done before, during the Civil War, by Lincoln and it is nothing more than the rightful exercise of our sovereign and constitutional right to "coin Money" (Article 1, Section 8). See more here:
Finansists-bankers , doctors and lawyers are like as fat cicadas sucking juices from all of the branches of USA .....put them in row and then order " Fire " ....Zyklon B is the answer ;)))
Default was an answer , but we choose bloodsucking bankers and yoke of the debt and abyss ....." oh my G-d what the world will say about our reputation " ... 99.5% of global population are hate USA , hate rate stops only when they'll get US visa .....
The presenter chose an absurd amount -- $100 million per day -- to show how large the debt is. He ignores interest payments on the debt after he went to so much trouble to impress us with how much interest we're paying on the debt! Just a little time with a financial calculator will show you that $100 million a day will NEVER pay off the debt. If we paid $1.5 billion per day THEN we'd pay off the current debt in around 48 years.
@serbach That's still messed up. If we get rid of all the damn ear marks trillions of dollars being sent to help poor countries and to countries that dispise us and with a little tax raise we can pay this dept off in 10 years.
@vexviper I did a quick calculation to see how much we'd have to pay per day to pay off $14.3 trillion in 10 years: a bit over $4.5 billion per day (assuming the interest rate I calculated at my thetowncrank blog -- the April 14th posting). That works out to about $1.65 trillion per year vs. about $0.55 trillion per year at $1.5 billion per day. Tough to sell politically, but doable!
just know the earth will replenish.. and the heavens will come down.. Not like we've been taught in religion but you all will see.... you will see. :) hope you find truth before its too late
@acidhead43 You would be a dickhead if you had a dick or a head, but you have neither. The guy in the video is trying to tell you why your kids and grandkids will be impoverished. You can thank Obama and Obamacare for that.
If you are a truth seeker, search "Truth Contest" in Google and click on the 1st result, then open The Present and read what it says. Everyone needs to see this. The Present will turn this world right-side up if it reaches enough people.
Well, it just mean one thing for international ppl, run back to your home country after 10yrs coz american will sink thr own boat, dont take US citizen ship :P
If you are worried about the national "debt' you are farting upwind. Don't you understand that the financial war is WAY over??? Look, you can't take out a loan with the mafia and then just decide to keep the mansion they let you live in after you're broke. If you don't pay, they first come and break your knees. If you STILL don't pay. they shoot your kids, your wife or YOU! We live under a criminal system because good people are absolutely terrified. (NOT really "good" people!)
yeah the rich don't want to pay their fair share for society. they're too interested in passing on their wealth to their spoiled lazy offspring who think they deserve something they've never earned.
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eliasmouawad 17 hours ago
NOBAMA 2012!
MrNYCman530 1 week ago
"May be the down fall"? Great video.
32937isready 2 weeks ago
"Can you spare a trillion?" Challenge Accepted.
StigSlashBro 3 weeks ago
I know how debt interest works. If you bought a 30 year $10,000 US Treasury Bond under President Reagan, you would have received 17.5% interest compounded annually and we are now redeeming that $10,000 bond for $2,000,000 each. The debt crisis was in 1980-1988. US Treasuries under Obama have a yield of Zero% and will be redeemed for not much more than their face value.
9992ube 1 month ago
I say we sell the remnants of the Dutch West India Company, kind of like the American Colonization Society did in the early 1800s, as collateral for the debt that we owe to China, Japan, and the like.
TruthSerumification 1 month ago
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TruthSerumification 1 month ago
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12 million mexicoons fills the following cities: Milwaukee, Wis. Portland, Ore. Las Vegas, Nev. Oklahoma City, Okla. Albuquerque, N.M. Tucson, Ariz. Fresno, Calif. Sacramento, Calif. Long Beach, Calif. Kansas City, Mo. Mesa, Ariz. Virginia Beach, Va. Atlanta, Ga. Colorado Springs, Colo. Omaha, Nebr. Raleigh, N.C. Miami, Fla. Cleveland, Ohio Tulsa, Okla. Oakland, Calif. Minneapolis, Minn. Wichita, Kans. Memphis, Tenn. Baltimore, Md. Boston, Mass. Seattle, Wash. Washington, DC
whatever7x7 1 month ago
It's true that debt is a problem 71% of which was achieved under Republican presidents. 29% of the debt was racked up under Democratic presidents. Bill Clinton by far has been the most responsible and successful at keeping the debt down. GW Bush spent the most. Obama is on pace to pass him.
AmeriProud67 1 month ago
This video is nonsense. President Reagan caused our debt problem. He loaned money out at 17.5% interest yield to investors. Obama is loaning money at 0.1%. Obama will reduce debt interest expense by $4 Trillion over the next 10 years, by swapping President Reagan debt for present day low interest loans. Obama and Bernake are refinancing Reagan's stupid mistake and saving America. Google-Images "Historical U.S. Treasury interest rate yield" see graphs and learn the real facts.
9992ube 1 month ago
@9992ube Debt interest doesn’t work that way and you know it… or do you?
kuhioffxi 1 month ago
This video is nonsense. President Reagan caused our debt problem. He loaned money out at 17.5% interest yield to investors. Obama is loaning money at 0.1%.
Google-Images "Historical U.S. Treasury interest rate yield" see graphs and learn the real facts.
Obama will reduce debt interest expense by $4 Trillion over the next 10 years, by swapping President Reagan debt for present day low interest loans. Obama and Bernake are refinancing Reagan's stupid mistake and saving America.
9992ube 1 month ago
man please, the government welfare has gone wild, check out my New York City welfare videos , now thats gone wild
sergeantgarrett1 1 month ago
well if you think this is crazy, in New york city i have recorded 2 welfare places where people have fought, and been lied too real footage by me
sergeantgarrett1 1 month ago
This guy and his website is a slick right wing Union busting website. Who really owns governmentgonewild? You can't find out. Gee I wonder why. Because Right Wing Conservatives who want to keep the American Worker “IN HIS PLACE”! Unless the American worker can unionize and have a say in the workplace, the middle class is doomed, if it already hasn’t been!
thethirdcell 1 month ago
This video misses the point. What good does sitting around whining about the interest payments do?
ohsmash 1 month ago
To which 'republic' might you be referring? I think you meant the corporation known as 'The United States of America.' People need a better understanding of American History.
4micaman 1 month ago
Why is everyone arguing about what size car?! We need to get spending under control!
thumpybones 1 month ago
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I'm RACIST for criticizing Obama.
TERRORIST because I'm not with Bush.
ANTISEMITIC for not supporting Rothechild Zionism.
TEABAGGER for supporting the Constitution.
TRUTH-ER for asking unanswered questions.
TRAITOR for whistle-blowing on my corrupt Government.
CONSPIRACY THEORIST for presenting documented facts.
TROLL for uploading news, videos, quotes and U.S.Atrocities.
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RON PAUL 2012!
MysterieusM 1 month ago
How the USA are destroying planet earth
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eliasmouawad 1 month ago
What about the money spent on wars? Billions wasted. How about illegal immigration? Billions more shipped south by illegals working here. There there is the farm subsidies, billions paid to farmers that would otherwise go out of business.
swimbait1 2 months ago
I hope you realise that the Fed Reserve is a PRIVATE bank. Although Treasury mints money notes&coins (M0), it is the Fed Reserve that creates the vast majority of money (M3) from debt. The American Govt last had the ability to create its own money 100 years ago, now it borrows at interest.
usdebtclock org : take a look at "About"-->"Banking/Money History"
Govt has to spend & requires money, but borrowing from a private institution when it once had the power to print it itself is ludicrous.
Rightbackkatchya 2 months ago
Oh thank you Obama for increasing our debt, borrowing money to give to other countries and yourselves
ordep72 2 months ago
Huntsman 2012!
jrelkin12 2 months ago
His number about the ability to give one of those cars is factually inaccurate. In order to give one car to every taxpayer, the car would have to cost about $26,666, not exactly a dreamcar.
hokazeraimizutsuchi 2 months ago
@hokazeraimizutsuchi Maybe you should use a calculator. There are approximately 110,000,000 taxpayers in this country. Please do not question our numbers without first doing YOUR homework.
GovtGoneWildSeminars 2 months ago 11
@GovtGoneWildSeminars
^^This
I think the figure s something like fewer than 50% of Americans actually pay taxes.
rgilbreth 2 months ago 2
@GovtGoneWildSeminars Maybe you should, too. With the exception of kids, EVERYONE in this country pays taxes; it's just that not everyone pays all kinds of taxes. The number cited by rgilbreth (actually 47%) is the number that do not pay federal income tax, probably because they make too little, have too many deductions, or both. They still pay state income taxes, local income taxes, sales taxes, payroll taxes, property taxes (directly if they own; indirectly if they rent).
hokazeraimizutsuchi 2 months ago
@hokazeraimizutsuchi I ran the numbers based on what you said. Subtracting the number of kids (about 75,600,000 according to childstats.gov) from the total adult population yields about 237,000,000 people. If each taxpayer were given a car from that, it would be worth $33,755 (and remember, this doesn't count kids who work, which makes that number even lower). If he doesn't get that, he's being close-minded and dogmatic, so don't worry about him anymore.
ninjayism 2 months ago
@ninjayism It saddens me that so many people, over 5,000,000 at the time I'm writing this, have been lied to by this guy. Thank you for correcting us both: me because I forgot to count kids, and him because he shoots out propaganda about only 110,000,000 Americans paying taxes. He ought to know better, and maybe he does (but why let the truth get in the way of a good talking point, right?).
hokazeraimizutsuchi 2 months ago
@hokazeraimizutsuchi he is talking about federal taxes
MsConstitutionalist 2 months ago
@ninjayism dude he is talking about federal income tax
MsConstitutionalist 2 months ago
@MsConstitutionalist "How big of a number is $8 trillion? That's enough to give a Lotus Evora dream car to every taxpayer in America." That's what he said.
It doesn't matter what he meant (even if that is what he meant, which I doubt); what matters is what he said, and what he said is a lie. It is a lie that he continues to propagate. Hitler knew too well...
"If you tell a big enough lie, and tell it frequently enough, it will be believed."
- Adolf Hitler
ninjayism 2 months ago
@GovtGoneWildSeminars : @hokazeraimizutsuchi called you out on your lie, and so did I. I know you won't take this propaganda down, but I'm glad that the media (other than non-journalism like Fox News) doesn't take claims like this seriously.
ninjayism 3 weeks ago
The most disturbing series ever
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eliasmouawad 2 months ago
Ron Paul will cut Federal Government spending and end the FED.
n10dkf 2 months ago
the so called federal reserve....a sham, hijacking the u s of a in 1913, december 23rd....international bankers run the show, so complaining about the debt and the government gone wild and all is missing the mark, take back the power to coin money, back to the congress where the constitution states the function to be, and overhaul a corrupt wayward ship..otherwise we are all full of (shit) debt and ignorance as to who is to blame, join the protest movements!!!
flyinghotwing 2 months ago 2
Ya Im sick of these hyped up videos. People email me these all the time. I always say ask yourself 3 questions. 1. was there any sources for this information? 2. Does this video really bother me enough to go out do my own research for the facts? 3. Is this video making someone else money if I click on it? - It will be a fun place to live when we don't need Lawyers and salesmen anymore.
cwbokie 2 months ago
@cwbokie you can check these numbers very easily at treasurydirect.gov. Sad you dont care.
charity2448 2 months ago
@charity2448 I didn't see any numbers on that website. Are you trying to sell me something to?
cwbokie 2 months ago
WOW!!! Thanks for sharing this information. Stop the madness.
billyakerman 3 months ago
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"THE GREAT DISASTERS"
eliasmouawad 3 months ago
FYI: ~Hey $uckers, -it's just a replay of the 1930's Bank'ster-mafia 'Capitalists' shakedown of you willing chumps that have let these Rothschild/Rockefeller et'al mobsters hyjack our 'real Dollar' usTreasury in 1913 by illegally substituting their so-called Fed.Reserve (counterfeit Dollar-notes) & IRS-henchmen, and their criminal ADL(Anti-DefamationLeague; aka: the Jew-Bnai'Berith) PR-shysters! Don't let'em grab your home via their MERS Fraud'closure, ---track'em down now to their demise..!!!
AryanKnight 3 months ago 2
Comment removed
AryanKnight 3 months ago
The govt. debt is horrendous. But one thing they need to tap the brakes on is foreign debt holders like China. China doesn't own the u.s. They only hold 8% of the u.s. debt. Japan comes in second with just under 7%. American entities in some form or fashion(the fed, city governments, pension funds, etc) hold 80% of the debt. So we aren't beholden to any other govt. We are in effect screwing ourselves.
biffula 3 months ago
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We need End Federal Reserve.
ASLforever100 3 months ago 2
Alan Greenspan warned George W Bush that if he kept the same surpluses as Clinton had. the USA would pay off all its debt in the foreseeable future, and that would be bad for the Federal Reserve.
But it would have been good for the US Taxpayer, eg in reforming entitlements to a sustainable expense.
Why did Alan Greenspan advise Bush to hike the National Debt? Has he ever explained?
coroboree 3 months ago
@coroboree Clinton's so called surplus was spent, therefore it is not a surplus. He just didn't spend what his budget called for, but he did not pay down the debt, he actually added to it every year also.... You can check the numbers at treasurydirect.gov
charity2448 2 months ago
The deficit is the most important figure, what comes in to what goes out, not the total debt.
The debt was to prop up banks otherwise it would be soup lines all over. But, the money should have been used to wipe out negative equity of the "end users", not fund banks to continue what they badly do.
From about 7% of the economy, the Financial services sector in the USA is around 30%. Manufacturing was pushed out to China.
Youtube search on "RSA Animate - Crises of Capitalism". Great animation
NearAbbeyRoad 3 months ago
Reagan took money from the SS/medicarefor defense. They did it again with Bush sr. TARP was created by Bush Jr. But we're supposed to believe that all of our money and system problems were created by a single black man that hasn't even been in office for a full term yet.
the1tigglet 3 months ago
@the1tigglet Tarp was created by a Democrat held Congress and Senate. Bush was the lone Republican in that mess.
MacehuaAtStonehaven 3 months ago
@MacehuaAtStonehaven FACT CHECK. it was Dubbya's own cabinet that came up with the idea. and he alone decided to put it into place but delayed as long as he could because he knew someone else would ultimately have to sign it. I have the CNN interview to back up my info.
the1tigglet 3 months ago
@the1tigglet You need to look up the Social Security Act and get your facts. SS was set up to be borrowed against, it is written in the law. The money was borrowed against since day one...... The problem with Obama is he seems to think that the Rich can pay for everything and is wasting money faster than any other president ever elected. He also skews numbers to his favor even when they are bullcrap. A moron can figure it out~!
charity2448 2 months ago
@charity2448 oh i know it CAN be borrowed against, this is why we need it to be audited so that the money Reagan took from it to bolster the defense fund will be returned restoring SS and medicare, the problem is these bought out politicians on both sides who wish to keep getting their REAL paychecks from big corporations and banks don't want to return the money, one big party in particular of mostly boughtouts are the repiggies.
the1tigglet 2 months ago
Funny, these videos never appear unless a democrat is in office. Nevermind, that the dem that took over inherited a fucking mess from the irresponsible republican.
Furthermore, where is this guys talk about the Bush tax cuts? ( which became the Obama tax cuts ) that are the most expensive piece of legislation we've had in our history--and look where the tax cuts are getting us--that's right, ZERO jobs! Eliminate ALL tax cuts and cut all this excessive military spending by 70%, then we'll talk.
skylarportland 3 months ago
Congress just needs to print up new money without interest pay all creditors off with the new paper - debt solved
Go2thebeach69 3 months ago
This guy is full of $&#@....Anybody can stand in front of a camera and spit figures out their ass. There is absolutely no back up or credited source on any of his videos or his website.
hecmang 3 months ago
Steve kill yourself.
dominionn09 4 months ago
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The series American citizens refused to believe
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"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 4 months ago
The Iraq/Afgh wars will cost nearly THREE trillion, and the Bush tax cuts have cost us over a trillion.
Where is the outrage about this, teaparty?
steveatl40 4 months ago
YOU GUYS ARE ALL FREAKING STUPID, THE NATIONAL DEBT IS CRUCIAL FOR THE USA AND IT'S GOOD TO BE IN NATIONAL DEBT OMG ppl use you're brains...alexander hamilton was pure genius. pure. fucking. genius.
hardcorechrisFSU 4 months ago
Okay I dont like living a country in debt but those numbers are really off and its a republic yes but the ideas are based off a democracy your just agitating people who don't know the real numbers with this message which is just going to lead to extreme behavior not a solution
Goni983 4 months ago
Now 160+ Trillion.
crlwllns 4 months ago
maybe they should spend less money constructing their underground bases and more money helping their own people
supreme600 4 months ago
Sheeple, learn this phrase: REPUDIATE THE DEBT!
We've been bamboozled. First step: ENDTHEFED(dot)COM
whole2th 4 months ago 2
Doh! Should have run the spell checker over the title clip before posting.
It's Government not Goverment. Tut Tut!!
donster660 4 months ago
Wtf this video is excellent until the very end where you have this fruity $100 Million per day issue... even the sensible anti-debt people are sneaky salespeople. $2.1 Trillion divided by 365 days is about 5.75 Biliion a day, not 100 Million.
depth386 5 months ago
Comment removed
synergyhockey99 4 months ago
@depth386 he didnt say days, he said years
synergyhockey99 4 months ago
Ok so what can we do to change this? Thanks for pointing out the problem. Now what? "Forward this to everyone you know." And then do what? Commiserate with them? These videos are useless unless you call people to act on a suggested solution.
4490676 5 months ago 4
@4490676 I would suggest voting for Ron Paul. He wants to cut $1,000,000,000,000 in federal government spending and abolish the Fed and the IRS.
thumpybones 1 month ago
@thumpybones Ron Paul also wants to do away with Social Security and Medicare, because only corporations can get government benefits, not people!
thethirdcell 1 month ago
@4490676 No, that's your RESPONSIBILITY as a newly informed CITIZEN of the United States. What you do is take it upon yourself to figure out what you need to do, the internet is a vast see of info and I'm sure there is some way to get your own opinions formed by facts, then heard, stay toasty, my friend.
fuckifacation123 1 month ago
The so-called National Debt is a fraud because the interest is impossible, since that much money doesn't exist, etc, etc, etc. If you borrowed one penny in gold at 7% interest back in the year one, by now the interest alone would be a WHOLE lot of solid gold spheres, each as large as the planet earth. Obviously, that's a fraud because that's impossible. Don't pay the interest and let's hang the hoaxers (after a trial and due process, of course :-)
sinclair1952 5 months ago
greatest republic this world has ever known? cocky much? your message just disproves this oint.
republicfalcon 5 months ago
i have already not liked the world, so you are nothing new, go fuck your self homo.
curtyuiop 5 months ago
we HAVE to get the budget under control BEFORE our country pays more in debt.
Reduce deficit->run surplus->pay of debt
darkma1ice 5 months ago
The problem lies with 57% of americans are on some type of government assistance. I work with the public everyday and see that 90% of the people that are in the draw have no reason whatsoever to receive help other than just laziness
shaunray78 5 months ago
Gamblers! Addiction in high offices! Bust THEM!
Licmycat 6 months ago
Get rid of the goddamn entitlement programs--welfare, food stamps, Medicaid, WIC, AFDC and all of the other 'gimme' money. Get rid of it all. The budget is balanced in 10 years, and the debt is paid off. 60% of the government's budget goes to--you guessed it--those fuckers with the giant wagon wheels on their car, the ghetto sag, and the 40 oz. Until people stop being pussies and get pissed off about these fucking leeches, the picture is only going to get worse.
mightymichelob 6 months ago
@mightymichelob - you soung like Glen Beck's R-rated brother, so fuck him AND you
obtuse100 5 months ago
@obtuse100 Well, that's certainly a way to get someone to really listen to what you have to say! You're probably one of those pussified bitches that thinks everyone is 'entitled' to live. That's ok, asshat...you'll get laid someday. Thanks for your oh-so-complex analysis.
mightymichelob 5 months ago
@mightymichelob - nothing complex about it, dumb-ass.What's so difficult to understand - the four-letter word or the three-letter one ? So STFU before I come over and pop all of the tires on your house.
obtuse100 5 months ago
@obtuse100 Awww...your rebuttals are so rich in content. "Pop the tires on my house"? Really? That's original! I wouldn't expect complexity from such a simpleton as yourself. But I would welcome a visit from someone with such a expansive vocabulary. Your anonymity online sure gives you a big set of faux cajones. I'm sure if you sat across the table from me, you'd probably crawl away like the cockroach you are. With that said, I refuse to continue bantering with a moronic knuckle dragger.
mightymichelob 5 months ago
@mightymichelob - you soung like Glen Beck's R-rated brother, so fuck him AND you
obtuse100 5 months ago 2
Well if people will go round having 3.6 trillion dollar wars and refuse to make the wealthiest 5% who own 60%+ of the countries wealth pay a even remotely meaningful tax rate your going to have a problem. A Ceo should not be paying less tax as a percentage of their income than their Secretary.
DecksYourSystem 6 months ago
this is why i am moving to Singapore.. or Thailand
3rdRezaction 6 months ago
Comment removed
km8091 6 months ago
The problems are still small compared to the ones in Europe. You Americans can let the Fed printing new money and the interest on your bonds is very low. And only a small portion of your debt is owned by foreign countries. Just the inflation (3%) will halve the debt in 22.7 years. And by then the GDP will be higher than today
Matss0n 6 months ago
@Matss0n Wrong, the feds dont print money, the privately owned EU based Federal Reserve does. Don't let the name fool you, the Federal Reserve is no more federal than Federal Express.
whanethewhip 6 months ago 13
@whanethewhip I thought Federal Reserve was owned by American banks? But still, my point was that the problems are bigger in Europe. The real lending-cost for your government isnt higher today than it was in 1990...
Matss0n 6 months ago
So how do we fix this problem? Obviously, we can't just cut everything, we need to raise revenue, so how do we do that?? I get the warning message, where's the SOLUTION!?
acidflowers 6 months ago
@acidflowers : Ever heard of Ron Paul? Vote for him!
billion11 6 months ago 2
why do we persist & insist in proping up this broken system of ours through bailouts & stimulus?
if the system doesnt work let it crash & lets start over...but wait, that wouldnt be fair to them billionaires who pull the strings of our gov, gosh, how naive of me-
aztecadog 6 months ago
The Great Jubilee is in order/
cuneeda1950 6 months ago
The Great Jubilee
cuneeda1950 6 months ago
This has been flagged as spam show
Zeitgeist: Moving Forward
watch that if you care about the truth.
midmid 6 months ago
Before you retire, you will face these 5 challenges
1. Housing bubble - $60T disappeared in 2008 and more every month
2. Record amounts of new debt are being added each year - $1-2Trillion.
3. Social Entitlement Obligations - The Gov't owes $113T which is 7-times more money than exists in the economy.
4. The Great 401K Pullout - Retirees will be forced to sell 6% of their 401k's by law, which will initiate the collapse of the stock market
5. Peak Oil - world will run out of cheap/easy oil
TheVarianWrynn 6 months ago
Since all money is backed by debt it is impossible to pay the national debt off since the money used would have to be borrowed. Buy Silver!
tradergee1 6 months ago
When you don't give a damn about the citizens or the country, you can spend it all without being disturbed in any way.
purplewings123 6 months ago
Every dept named in this video is corrupt!
ctwatcher 6 months ago
This is all fine and dandy but what exactly do you think we can do about it? NOTHING. There is ZERO we can do about this situation. So unless there is a real solution this is just smoke in the wind.
deworeg 6 months ago
Why do you think US is going to the supposed "WAR against terrorism" in the world? It was no war against terror it was an attempt to seize the natural resources and so that they could get their own companies to work in those companies.... Same thing happened in IRAQ....no weapons of "MASS destruction" and Africa is suffering due to the short comings of US as well....actually the WHOLE WORLD is suffering because of thr US!
ayeshanasirarain 6 months ago
Where are the girls?
js7un 6 months ago
THANK YOU.... SHARED!!!
cowgirlmoon 6 months ago
The best cut to spending would be on war. That would save a fortune.
Shadowbear1955 6 months ago
Sounds self correcting, eventually. LOL
specialtymachining 6 months ago
Silly.
mrGreatBrownHope 6 months ago
Why would they only pay $100 million per day when tax collection are $5.5 billion per day???? $100 million per day is less than the interest payments.
The national debt is $14.6 trillion. Tax revenue is $2.2 trillion per year. The interest is $214 billion per year For simplicity assume all interest must be paid until the debt is paid off. Using all the available tax revenue to pay off the debt would only take 7.35 years.
Manipulating the math to exaggerate the problem ruins a good message.
MarkProffitt 6 months ago 20
@MarkProffitt I agree. I keyed in on that as well.
ConservativeRC 6 months ago
@MarkProffitt
Imran Hosein
Imran Hosein
Imran Hosein
Imran Hosein
Imran Hosein
ahmedredaberouil 3 months ago
Your very wrong on your numbers. You can easily go to treasurydirect.gov and check the total interest paid in 2010. To be exact, we spent $454,393,280,417.03 in 2010. You might want to check facts before you dismiss something as serious as this.
charity2448 2 months ago
@charity2448 This is in reply to @cwbokie comment....
charity2448 2 months ago
@charity2448 Thank you for the link. I got the number from USDebtClock. Their number is Net Interest on Debt, I wonder if there is that much interest income to offset 50% of the interest paid. Maybe you can look into that?
And my statement still stands. The video sets up a strawman argument, or in this case a scarecrow to frighten everyone. The real problem is scary enough. The US spends $1.3 trillion more than it brings in every year. That has to stop.
MarkProffitt 2 months ago
jaxoons with a dot and a com
jerjr49 6 months ago
AMERICASNS, complain all you want. The reason your debt has balloned lies in the personal interests of the Bush-Cheney clan that have embarked the nation in 30 years of inexplicable wars in order to inflate their private company`s balance sheets. Whether its petroleum rights or reconstruction of infrastructure. American lives and money has been disposed of to put these private corporations in the driving seat of international politics. Now, everyone cries about the debt? remember the bail outs!
bernardofer 6 months ago 2
and this is why the US model is done!
Start taking care of the poor and middle class in your country. ALL G 20 Nations must do this in order to survive.
rockerdad 6 months ago
For those the advocate raising taxes on the rich (called the marginal tax rate) every study has shown that doing so actually reduces total revenue from taxes. We have only one choice. CUT SPENDING! We need to cut social and military spending in half. That's the only chance we have. Yes, that means some Americans will have to go to work. The good news is, when people work, they actually create more jobs with their economic activity.
ironhorsetamer 6 months ago 2
Focusing on "the government" being the problem is the "free-market" corporate and wealthy elite play to keep the focus off of them and kill all regulations so they are free to exploit without repercussions.
This series of videos is pure deception.
spankrobot 6 months ago
Comment removed
BigMeanyVids 6 months ago
Thank you for the info....
Freedomterri 6 months ago
Trolololololololololololololol!!!! ;-D
MRWhiteFolksCakes 6 months ago
Why bother telling us what is going to happen 10 years from now........we are done for as a nation in less than one or two years no matter what we do. Complete collapse and chaos is in our very near future so why drone on with worthless statistics. Prepare for the dark days ahead as best as you can or suffer the consequences. God help us.
rastenger 6 months ago
RON PAUL 2012! America's only chance! Google him for yourself!
chrisfriez 6 months ago
Spent a lot on interest huh? Then I guess the Bush tax cuts in 2001 were not a great idea? Let's raise the taxes on assholes that sell bullshit videos.
Newtblows 7 months ago
@Newtblows Why is it so difficult for you people to realize this is directed at Politicians in general...Including "republicans"?
This isn't a Republican/ Democrat issue....This is an "oh shit our country is fucked" issue.
someguy6978 6 months ago 2
The series US citizens underestimated
Search For
"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 7 months ago
This has been flagged as spam show
These are some great videos on the Facts, however, he never gets into the WHY of what's happening. If you want to know why The United States is going down, it really is quite simple. Just click on my name and watch a couple of short videos:
Tea Party P.E.P. Talk
When are Americans going to Wake Up
FREEDOM!
Without knowing WHY, the facts are useless.
sgapplebee 7 months ago
"Get involved?" And do what? You just said that the debt could never be repaid. The private sector working man's political enemies are your neighbours, friends and family on an entitlement program and or receiving earned income credit checks from the IRS, employed by the federal government, or on some form of federal pension. 50% pay ZERO in federal income tax! Perhaps we need this suffering to reverse this BS. In addition, the central banking welfare/warfare paradigm is about to be remodeled.
freaklemon 7 months ago 2
Very scary, but what if I told you there was a way to stop incurring debt, pay for vital programs we need and want, and do all this without borrowing or raising taxes? Best of all, it was done before, during the Civil War, by Lincoln and it is nothing more than the rightful exercise of our sovereign and constitutional right to "coin Money" (Article 1, Section 8). See more here:
change.org/petitions/end-the-debt-crisis-with-debt-free-united-states-notes
and sign the petition!
Scottonthespot305 7 months ago
@Scottonthespot305 END THE FED
chrisfriez 6 months ago
If not for salvation I would have no hope. This thing has no end.
crazykizmet 7 months ago
Where is my money????
giftanamericandream 7 months ago
For a simple, clear understanding of the problem, watch WHY WE ARE IN SO MUCH DEBT. Highly rated.
SilentNoMorePubs 7 months ago
Finansists-bankers , doctors and lawyers are like as fat cicadas sucking juices from all of the branches of USA .....put them in row and then order " Fire " ....Zyklon B is the answer ;)))
midasmith 7 months ago
Default was an answer , but we choose bloodsucking bankers and yoke of the debt and abyss ....." oh my G-d what the world will say about our reputation " ... 99.5% of global population are hate USA , hate rate stops only when they'll get US visa .....
midasmith 7 months ago
spelled government wrong in very beginning.. just saying
drewj50 7 months ago
and who is concerned if the debt ceiling is raised or not???
RIHeron76 7 months ago
not the 'GREATEST REPUBLIC THE WORLD HAS EVER KNOWN" any more. even now it doesnt seem like the word humble means anything to us and a
JOKER500M 7 months ago
It is the end of times, the cherubim will now reign, He that hath ears to hear, let him hear the word of God.
MicrosoftCPU3 7 months ago
@MicrosoftCPU3 Duh.
FreeMason34 7 months ago
@MicrosoftCPU3 fuck u pay my bills, hail satan
JOKER500M 7 months ago
cool just what i wonted to hear
nate6474 7 months ago
The presenter chose an absurd amount -- $100 million per day -- to show how large the debt is. He ignores interest payments on the debt after he went to so much trouble to impress us with how much interest we're paying on the debt! Just a little time with a financial calculator will show you that $100 million a day will NEVER pay off the debt. If we paid $1.5 billion per day THEN we'd pay off the current debt in around 48 years.
Steve Erbach
Neenah WI
serbach 7 months ago
@serbach That's still messed up. If we get rid of all the damn ear marks trillions of dollars being sent to help poor countries and to countries that dispise us and with a little tax raise we can pay this dept off in 10 years.
vexviper 7 months ago
@vexviper I did a quick calculation to see how much we'd have to pay per day to pay off $14.3 trillion in 10 years: a bit over $4.5 billion per day (assuming the interest rate I calculated at my thetowncrank blog -- the April 14th posting). That works out to about $1.65 trillion per year vs. about $0.55 trillion per year at $1.5 billion per day. Tough to sell politically, but doable!
Steve Erbach
Neenah, WI
serbach 7 months ago
the world will cease to a end of how we know it.. it will get better :D
intrepidxbeauty 7 months ago
just know the earth will replenish.. and the heavens will come down.. Not like we've been taught in religion but you all will see.... you will see. :) hope you find truth before its too late
intrepidxbeauty 7 months ago
As a percent of GDP the debt is only half as bad as he says ... plus ... we can always PRINT more money! Why get worked up like this?
me3tv 7 months ago
don't we barrow money from other countries and thats why we pay them? herp derp
s0da 7 months ago
America will be split into four separate countries.
Tokkitaco 7 months ago
The guy on the video is a dickhead.
acidhead43 7 months ago
@acidhead43 You would be a dickhead if you had a dick or a head, but you have neither. The guy in the video is trying to tell you why your kids and grandkids will be impoverished. You can thank Obama and Obamacare for that.
casurveyor6357 7 months ago
stfu.
xPersianImmortalx 7 months ago
This comment has received too many negative votes show
This guy is an a-hole
Wizoz123 7 months ago
If anyone ever says to you "And if that doesn't scare you, maybe this will..." know that THEY ARE JUST TRYING TO SCARE YOU.
Gravija1980 7 months ago
Gee... if my movie could get 3.3 million hits, then 3.3 million people would know why this is happening, and not just that it is happening.
youtube.com/watch?v=fhkWueEjewM
thecorporationnation . com
TheCorporationNation 7 months ago
This has been flagged as spam show
If you are a truth seeker, search "Truth Contest" in Google and click on the 1st result, then open The Present and read what it says. Everyone needs to see this. The Present will turn this world right-side up if it reaches enough people.
DemianHermann 7 months ago
Well, it just mean one thing for international ppl, run back to your home country after 10yrs coz american will sink thr own boat, dont take US citizen ship :P
cherry316316 7 months ago
Tax and spend...we are fucked. The debt is un-payable. Buy gold and silver while it is cheap. Google hyperinflation, Wiemar Germany and Zimbabwe
hpw59 7 months ago
where does $413 billion come from? Debt payments in 2010 by the Fed was 164 billion.
PalisadesPrehistory 7 months ago
i could care less about the year 2046... I WILL BE 6 ft under...
MrBoy219 7 months ago
@MrBoy219 "couldn't"
VinmanMJ23 7 months ago
The U.S. government owes itself $4.6 trillion, mostly borrowed from Social Security revenues. what a stupid idiot
MrBoy219 7 months ago
indeed folks the Republic was...
no fooling. with the debt we now have
we are now a servile
country, not to mention a wage based
servile economy...on top of an only-for-
profit health system. God help us.
felicetanka 7 months ago
If you are worried about the national "debt' you are farting upwind. Don't you understand that the financial war is WAY over??? Look, you can't take out a loan with the mafia and then just decide to keep the mansion they let you live in after you're broke. If you don't pay, they first come and break your knees. If you STILL don't pay. they shoot your kids, your wife or YOU! We live under a criminal system because good people are absolutely terrified. (NOT really "good" people!)
t4705mb6 7 months ago
Awesome presentation - great job!! If am right with you re: doing something to make a difference on a social level...PM me here - are you in LA??
deedee2020able 7 months ago
yeah the rich don't want to pay their fair share for society. they're too interested in passing on their wealth to their spoiled lazy offspring who think they deserve something they've never earned.
damnyankeefl 7 months ago