I got a solution. Lets cut the overall size of our military by 50%. That'll put us at...lets see.....ah we'll still be the #1 military force in the world. And how much will the budget deficit be reduced? Lets see....hmm oh it's gone...
@Heeimweired creating jobs that don't help us as a nation isn't the solution. We lack jobs because corporations are downsizing. They mistreat their small workforce and make them do extra work, then don't pay them any more. That's the problem and that's where the focus should be.
@Heeimweired Military Spending is like most government spending it is full of waste. Major cuts can be made without people loosing their jobs. It costs considerably more to have troops stationed overseas than it does to have them at home, yet their pay is the same. Not to mention the influx of revenue back into the local economies, which will then create more jobs at home.
@tgshark1 Yet the Annual Budget must include interest payments on debt incurred in the past, so there is a measurable amount of current annual budget that is due to the wars. What I want to see is the impact of the bush Tax Cuts, both in the reduction of revenue and in the interest incurred when the Treasury had to borrow heavily to pay out all those $300 checks.
Excellent way to help people visualize and understand. You really make it clear that this whole budget business and cutting spending is a sham to make the sheeple think the feds are doing something. Bravo!!
Dude, it a bad idea to cut during a recession. This is what happened right after the Great Depression. You cut the budget, it means you cut jobs for firefighters, policemen, teachers, any government workers....if they lose jobs...they don't have money to spend in the economy, they are not going to mall, they are not going to local dinners... this hurts America. We need a balance like Obama mentioned.
@sysunder Lmao gatta be young. When the government doesnt spend where does the money go? It goes back into our pockets...... Then we spend it making new jobs.... go to an economics class plz. Obama Drone. Ron Paul for Freedom. Get these drones off the government. Cut it.
@sysunder Why not take 15% of our people and send them to war, it would solve the unemployment problem, everyone would be busy working, they would all spend that wealth so the money would circulate. Of course, no wealth would be created, even if the war did not destroy a single building or kill a single person, no wealth would be created. This means that the price of all remaining goods would have to go up, because everyone has money, but no extra goods were produced. Classic window fallacy.
If you discover a planet where the inhabitants think humans are a delicacy, maybe it won't be a very bad place as long as the Federal government is not there.
Good video....but stupid move to post you committing a federal offense. If somebody wanted to be a big enough dick, they could charge you. But never the less, good video. And FYI,obama isnt the devil you republicans make him out to be.
Ridiculous arguement the USA is not business friendly. The rest of the world wants to emulate America. So North America (include Canada) should feel bad because we don't have mass slave labour factories like the entirety of Asia?
The reason the world has aspired to be "Western civilized" in terms of culture, arts and social standing is because the country had quickly evolved.... through bloody struggle... to get to a point where wages were higher. Time for the rest of Earth to raise wages.
yesterday bernake stated that the crash of 08' was due to the national debt (???)- today it was reported that after the crash the fed SECRETLY loaned the big banks $1.2 trillion-
our republic has become an oligarchy, take jobs, wages, pensions, 401ks, benefits...from the working class & give the profits to the ultra rich (richest in history according the census burea)
the solution is simple, tax the rich at 90%, invest in our infrastructure, strong regulation & profit-busting tariffs-
Pass a f***ing carbon tax and put a carbon tariff on imports from China and BOOM, you've just made it more profitable for 8 million manufacturing jobs to be based in the US then in China, thus creating 8 million jobs for unskilled workers in a market that they are desperate to get.
Ron Paul is our president Kennedy for 2012 - every awake person lits up Ron Paul as we shout, "Give us Ron Paul and give us our Libery BACK!" Research his track record... He is a solid Constitutionalist! RON PAUL 2012!
absolutely loved your illustration with the pennies!! $100mil is just a big number put there to screen the bigger problem - even after the budget cut!
More recently, the United States was told to cut 500 pennies out of its 8,800+ penny budget budget. Instead, it cut less than 250 pennies and lost an S&P rating, making it even more expensive to take loans.
Do some research dude, if you taxed the Rich 100% (ALL OF IT) of thier income it wouldn't cover our debt. If you took all their assets and sold them, it still wouldn't cover thier debt. Google it if you don't believe me. The real numbers are there, the President simply wants you to believe in class warfare. Now ask yourself why?
Do some research dude, if you taxed the Rich 100% (ALL OF IT) of thier income it wouldn't cover our debt. If you took all their assets and sold them, it still wouldn't cover thier debt. Google it if you don't believe me. The real numbers are there, the President simply wants you to believe in class warfare. Now ask yourself why?
@Lllburns Why exactly were they allowed to not pay taxes? Who gave these big companies, for example "Green" companies, millions of dollars who are now bankrupt and asking for more? GE was one of the top contributors to Obama's campaign, and then they are allowed to get away with not paying taxes? The enemy of the working class is politics getting involved with big business. Don't blame the ideas of the guy who made this video and don't blame the tea partiers.
Many politicians are guilty and until people open their eyes and stop putting all the blame on one side of the political wing, america will never get out of this mess.
We're broke in debt handed penalties and we are being groped and laughed at. Congress won't care but you can. If 20 million American people spend $60.00 a month on U.S.A. MADE PRODUCTS for the month of Aug 01 to Sept. 01 China will have a Billion Dollar Trade Defect. Let's find out how many AMERICANS are Patriotic enough to do it. WE KNOW FOR A FACT OUR U.S. SUPER CONGRESS WILL NEVER DO IT!
I find this really funny. Most people don't really know much about economics(not that you don't) but the fact is that 100 million dollars is a lot of money. People tend to forget about the Money Multiplier and how that the 100 million dollars that went into investment, loans, or spending is actually worth an exponential amount of money. Taking out a 100 million dollars would not have a huge impact on the deficit but it would have a pretty large effect on the economy as a whole.
@ebster37 Not really. with half a trillion pumped into the economy by the fed unemployment is still high, debt has risen even more and the dollar has been devauled even futher. I study economics and your country has been shafted by bernanke. Buy Gold and silver kid. $100million vs $600billion.
Flawed economics like what you just said is why the US is in the problems they're in. =[
This not only shows how phony his "cuts" were, it ALSO shows that BARACK HUSSEIN 0BAMA, HMM HMM HMMM, is a LIAR when he says that it will be the Republicans' fault if Social Security checks don't go out. The ONLY person who can prevent the Social Security checks from going out is BARACK HUSSEIN 0BAMA, HMM HMM HMMM, if HE directs the Treasury to withhold them. We get MORE than enough money WITHOUT having to borrow to pay for them!
@dittoheadAZ WOW! I didn't know a name meant so much! We better go to Germany RIGHT NOW and round up every person named ADOLF and throw them in a concentration camp!
well when you're in debt, you HAVE to do something...even when it's the smallest move...i think obama is doing what all he can possibly do money wise. all else is not allowed to be done.
@AntixSchiTTxreport goes for any president, have to do what you gotta do to dig out of this tough situation...besides getting us out of this debt is out of the question....only thousands of more years until we're out of this debt. i'm not exaggerating, it really will take thousands of years to pay 14+ trillion dollars, you do know that right?...
@bigb771 well just aheads up when a government increases its spending by 1% 2 years later it will cause the equivalent of a decrease worth in 4000$ per person in GDP output
Does Stimulues Work? No
I got a task for you go find out why GOLD and Silver are reahing record highs :)
GE and BANK of America paid NO FEDERAL TAXES in 2010. ZERO.
Not one of the wallstreet / bank people who actually caused the economic collapse has served a day of jail time. They're doing great.
Before you go grabbing pennies from GRANDMA and screwing over the American working class, why not let the RICH FATCATS pay their FAAIIIRRR SSSHHHAAARRREEE !
Right, if only the Koch Brothers had MORE POWER to lobby to NOT label FORMALDEHYDE a CARCINOGEN, we'd all be doing so much better, right?
@Lllburns GE and BOA's Taxes (if paid in full based upon profits and not including ANY tax break or tax incentive) wouldn't pay for any given subsidy (Medi-Care, Medicade, Social Security etc.) in any given state East of the Mississippi River. Once again the human perception of the scale of Money we are talking is jilted. You could sale ll the Formaldehyde on the Planet and it wouldn't cover the budget for one semester of one Washington D.C. Public School.
@Lllburns Just BOA & General Electric though...the rest of the corporations in America do pay taxes...so these two companies MUST PAY TAXES GOING FORWARD! GE earned over 14 billion dollars in profits...imagine what WE could all do with that money...not the govt..but us...ordinary people should get a refund from our tax dollars...not the government..just the people.
This is a great video to use to laugh at those who were all up in arms over the huge amount of the budget that Planned Parenthood was receiving, and pretending that the Republican effort to de-fund PP was going to achieve something real budgetarily. Granted, even that was 3/4 of a penny, which is 3x what the $100 million cut was, but still, not an effective use of budget discussion time.
You asshole, Medicaid and Medicare need to be cut! They are the most most expensive things in our budget and they will only increase in expenditures if we don't cut them and transition out of them completely. If we had a free-market in medical insurance, we could rely on that instead of government insurance. It is this kind of dogma that got us into this mess in the first place.
@jimmyt3411 How exactly do you think would happen if Medicare got cut? The whole point of it is people go to it when they cannot afford the steep insurance costs of the insurance companies, or for people that companies that will not insure them at all because the companies feel you are too old and too high risk. Getting rid of medicare does not magically make it a free-market.
@xlmeay The reason why we have steep insurance costs is because of Medicaid and Medicare, these programs encouraged the overconsumption of healthcare through third-party insurance providers, driving up costs. As a result, Nixon enacted HMOs to have employers provide insurance for their employees because it was too expensive, this only increased the costs further. Ever wonder why medical costs are more expensive when you have insurance? Doctors know they can charge the most when Medicare exists.
how about this....get rid of medicare in order for people to see a Doctor if/when they are really sick only and let insurances compete over states line,i see several advantages 1.Doctors can not overcharge(drops cost), 2.only those in need (not with a common cold) would see a Doctor (drops cost) 3. insurances need to charge less (compete) for same quality treatment (drops cost),its all a question of supply and demand....the magic of the free market
Aztec, we can't have jobs till our country is more business friendly. No company wants to manufacture here because of high labor costs. Also our government taxes the hell out of them so it is not pleasant to have a company based In the united states. Even 60 minutes, a known liberal program, has stated this flaw and interviewed many businessmen about it. Thats why there is no jobs, no country wants to be based in a place that doesn't make good capital for them.
@w00densh31ld no your wrong. This country is consumerism. Thats the problem BTW We can make our own demand, its just were supporting the workers in China when we buy our stuff. If the stuff were made here in the US, then wed be supporting them, us. What makes a country rich is not how much demand you have, its what you can export out. Resources, goods. For Germany and Japan, they have big industries in cars. They make alot of money off exports to other parts of the world and the money ---CONT
@w00densh31ld the moeny they make off exports goes to supporting their workers and their economy. Makes them richer. Same thing with oil in other countries. Makes them richer because they offer something to the rest of the world. Thats the only way you get rich. Our country is buying our goods and those from other countrys. Were only making goods for ourselves [like matresses, clothes, etc] Our country doesnt get richer. Thats consumerism. Our country did not get rich and glorious that way.
@w00densh31ld with profit-busting tariffs it wouldnt matter what the rich want, they would have to bring back the manufacturing plant, (or be pushed aside) & be content with the very nice profits they were making before this 'race to the bottom' we're having with china,malaysia,mexico....
for many decades americans enjoyed liveable wages, pensions, benefits, during this time the rich tax rate was at 90%-70%, we exported more than we imported & the rich/poor gap was no where near what it is now-
@aztecadog Arguement against tariffs: watch?v=cWt8hTayupE&feature=feedrec
The laffer curve argues against exessive income taxes.
Inadaquete infrastructure can limit economic activity but economic activity will not expand more rapidly in response to excess capacity. The broken window fallacy punctures the notion such spending increases employment.
Overregulation hampers innovation and increases compliance costs while regulatory uncertainty increases risk and discourages investment.
@studentofsmith the debate should be what is 'excessive income taxes' & what is unfair taxation-
in our current crash the burden has been carried by the working class through loss of jobs, stagnated wages & burdens of hidden taxes through 'fees' (like school bus fees) while the rich are enjoying unprecedented wealth-
the economic philoshy debate should be null through experience- we've deregulated & cut taxes to levels not seen since the pre-depression...& once again we've seen the results
@aztecadog I am familiar with history but draw from it different lessons because I use a different framework (economic philosophy) to interpet it.
For example there is a good arguement as to how deregulation of the financial industry precipiated the crash. There is no such arguement, however, indicating that low taxes were in any way responsible. It is not enough to say there were tax reductions and then a crash occured, you need to show how those reductions were responsible for the crash.
@aztecadog Interesting sidenote: It was once belived polio was caused by ice cream. Polio cases increased along with the consumption of ice cream and so it was theorized that there might be a connection. Ridiculous as that seems the logic employed is no different than your own. It's important to remember that correlation does not nessesarily indicate causation.
@studentofsmith whats interesting is some of the working class still supporting policy that enrichs the already ultra-rich at the expense of the working class/nation-
in the run up to the great depression our nation went on a pro-rich binge of reducing taxes, removing the little regulation there was...basically implementing trickle down, granted, there was an economic bubble during the 20's, like the 90's, but it collapsed on itself, like it just did-
@aztecadog I agree that a boom is usually followed by a bust but I disagree with you on the cause. In my view such boom/bust cycles are usually the result of monetary policy.
The dominant view on monetary policy, referred to as Keynesian economics, is named after its author John Maynard Keynes. The opposing viewpoint, Austrian economics, was championed by Friedrich Hayek. There's a fun rap video on the channel EconStories called "Fear the Boom and Bust" pitting these two men against eachother.
@w00densh31ld so your solution to the problem is have all the middle class workers take a pay cut down to $1.50 an hour so our labor cost is internationally competitive? somehow that dosnt seem like a way to reduce suffering to me.
the deficit isnt our biggest problem, its lack of jobs & opportunity for everyday people- it would actually benefit our country if we grew our deficit but used that money to invest in our crumbling infrastructure, creating jobs- we could help finance this by returning the tax rates on the rich to 60's levels when our economy was strong- but the most important thing we need to do is return the foundation of any economy, manufacturing, with profit-busting tariffs, its not the deficit, its jobs
These folks were complaining before Obama got in office, but Obama has run up the national debt to point it eclipses nearly all of the previous 44 presidents combined! We can't afford anything the USD has been driven down to nothing and China owns our debt. Also check out the Brazilian instead of US start up funds for drilling offshore (in our waters) and the trade agreement with S. Korea that allows them to sell here, but not us over there. Thank you.
@cakedup83 It's called "inflation." why don't you point a finger at George if you want to talk about national debt? He's the one who had a surplus when he went into office. Obama was left with all his shit to deal with. How would you handle it if I borrowed 133 billion dollars from the bank, then left it for you to pay off?
now a video worth posting would be what all that money to the right of the blue line is for and how to make that spending more efficient, if it can be better spent somewhere else, or if it can be cut... but no let's make a tutorial on how to cut a penny and hope someone else can do homework
I notice that he only mentions social programs in the big pile... How many of those pennies went to making a stealth helicopter to go kill one man and how many went to teaching the next generation of Americans? I am guessing defense is the everything between the white and blue line.
@pappyfiddle 3.5 trillion lets see $100 = 10,000 pennies. and he said about $100 really its 8,750 pennies. So if 5 pennies = 2 billion then each penny is 400 million which means 1/4 penny = 100 million. Am I missing something?
@rubberbaby00 I don't think anyone likes to pay taxes (rich, middle class or poor). Rich people do pay more in taxes, I believe it's now somewhere north or 35%. Do they find was to save money on taxes, yes, just as you and i do. They start businesses, make large investments, donate to charities (usually a lot more then you or i do). Therefore they got to write off more expenses. I'm not rich (middle class here) and i started my own business so that i could also make use of the "incentives" that
All people who hate Obamas failed policies and ineptness and dangerous naivety,[let's face it. He never managed anything nor did he work towards anything honestly. Doors have always opened for mr. smug] all these so called"racists" against BO LOVE Allen West,Allen Keys,Herman Cain,Thomas Sowell,etc. These strong,accomplished patriotic real men are 100% Black,baby. What? Nothing to say. Busted racebaiter leftist lib.
Ugh. The whole "corporations don't pay taxes, people do" is such a tired, lie. Sure, if they existed in a bubble they could just raise prices to cover the loss. Market competition however, demands that prices stay competitive. Dumbasses.
The comments here prove liberals are stupid and not just ignorant. We did complain when Bush was spending, liberals didn't care, they liked it. Then Obama said he inherited this spending problem, and he was going to fix it by spending more than our country has ever spent in history combined. Liberals cheered. Taxing the rich more is stupid. It brings in less revenue. It defeats the purpose. Lowering taxes has always resulted in higher tax revenue. But liberals are stupid and not just ignorant.
@1980PintoMan How exactly do higher taxes bring in less revenue? And you're calling liberals stupid? You blame our teachers, and firefighters for making too much money, you blame the poor and the sick and the elderly for being poor sick and elderly and yet you think it's great if billionaires pay no taxes? Who are you? What kind of brain do you have?
Unfortunate that your videos focus on cutting the budget when taxes for rich are so low. You would be more credible if you addressed the fact that rich people don't like to pay any taxes and shift the burden onto the middle class.
I have a good way to help America’s revenue shortage. You and I have to pay tax on anything that I buy. I think there should be a Federal tax placed on EVERY stock trade that is made - What do you think?
Keeping focus on Obamas skin color is not working. The country despises his lack of leadership,failed policies,narcissism,incompetance,Obamacare,Bp oil spill mismanagement,Libya delay,border and illegal weakness,power grabbing, unconstitutional behavior,his creepy,bizarre czars and administration...It goes on. The same Obama haters LOVE ALLEN WEST,ALLEN KEYES,THOMAS SOWELL,HERMAN CAIN..100% BLACK,BABY!
You're absolutely right. This budges isn't about cutting government spending. It's about Republicans using dirty tricks to put an end to vital programs for the poor in order to line their own pockets.
Social spending in America is self-defeating. More social spending attracts more poor immigrants. The more that is spent the more poverty there is in the U.S.
Just recently a government shutdown has been avoided. 78.5 billion has been cut. However, there is a serious problem with that. As of now the national debt is 14.3 Trillion dollars. Say there are 100 pennies. Each penny is 143 billion dollars. 78.5 billion is about half a penny. Even if the money that was cut went to pay the national debt, it would be very insignificant. To make things worse, interest is adding 4 billion to the debt each day. 19.5 days of interest cancels out this budget cut!
And to think that in the current budget debate the Republicans are asking to take 30 stacks of these pennies off the table and the dems are saying they are extreme old peolpe, pro cancer killers for that?
Look at the screen and count out 30 stacks. Can we still not agree that we have a spending problem and not a tax problem?
@Lllburns blah blah, tax cuts, GE, F&F, Oprah not paying taxed, etc.. They are completely unrelated.
The "Tax cuts for the rich" you all love to harp on so much are NOT related to those who pay None, they are Deductions allowed to companies with a higher number of employees.
You are all falling for the smoke and mirrors - being led to think our economy is a Budget Problem, when it is a Corporatism Problem. Big Business = Good, Corporate Government = Bad!
Thank you. Doesn't anyone ever wonder why the govt would never show something this straight forwad and simple when they are talking about money and budgets?
THEY DON'T WANT YOU TO SEE THIS TRUTH! Period. Get off the Rep, Dem thing. The US is a great country and has a great system. It's these career politician and greedy power bastards that are taking it to hell.
Better hope the gov doesn't find out who you and hunt you down. Defacing U.S. coinage is a federal crime with an undefined fine limit. Considering how much the government is in debt, they might take you for everything you have. ;)
@Lllburns I'm not sure that you actually realize the amount of money the government spends, and how much money the "rich" makes. I do believe that GE and B of A should pay their taxes, but even if they do, it's not going to matter. GE's entire income last year was approximately $75,486,000. Even if you took their entire income away from them, you're looking at only paying .002% of the $3.7 trillion dollar budget. Spending needs cut, not more taxes.
@kalemlong definitely spending cut rather then 'increased revenue' (taxes) ... but just as important is all those loop holes and regulations that allow for the rich to kill competition. for if they don't go, the very top corporation will continue to give the illusion that free-markets don't work (of course we don't live in one, but that doesn't stop the critics) then the left will again call for taxes.
@Lllburns There are things that may seem unfair at face value. Taxing the rich and hitting corporations hard might make us who are not rich or heads of large corporations feel better and make us believe will solve some of our economic problems by sticking it to them. However we need to keep in mind that just like we as individuals can and do move away from discomfort and pain, so will corporations and rich individuals. If we hurt them, they will move to a more comfortable place.
@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
@Lllburns It happene pretty much about the same time as the idea of "everyone can become rich in their lifetime" was acceppted as a higher goal, thus turning the common voter aginst his own current best interest in favor of the promised best interest of him as a rich person in the future.
no, my channel
WakeUpBGT 6 days ago
I got a solution. Lets cut the overall size of our military by 50%. That'll put us at...lets see.....ah we'll still be the #1 military force in the world. And how much will the budget deficit be reduced? Lets see....hmm oh it's gone...
TheReaverOfDarkness 3 weeks ago 4
@TheReaverOfDarkness Yeah but how many people would then be out of a job. Lots. And tbh America is pretty screwed for jobs as it is.
Heeimweired 2 weeks ago
@Heeimweired creating jobs that don't help us as a nation isn't the solution. We lack jobs because corporations are downsizing. They mistreat their small workforce and make them do extra work, then don't pay them any more. That's the problem and that's where the focus should be.
TheReaverOfDarkness 1 week ago
@Heeimweired Military Spending is like most government spending it is full of waste. Major cuts can be made without people loosing their jobs. It costs considerably more to have troops stationed overseas than it does to have them at home, yet their pay is the same. Not to mention the influx of revenue back into the local economies, which will then create more jobs at home.
MrAspen55 1 week ago
Dude great video, but watch out, you just defaced national currency by cutting the penny lol.
montekker 3 weeks ago
youtube.com/watch?v=da7kMJOUfrc
noyouaintgettingit 1 month ago
Now do another video which shows how much of that right side is due to the 2 wars Bush started which we couldn't afford :P
LeVarBurger 1 month ago
@LeVarBurger this was a yearly budget, not the national debt, two different things bud...you really do not understand deficit do you?
tgshark1 1 month ago
@tgshark1 Yet the Annual Budget must include interest payments on debt incurred in the past, so there is a measurable amount of current annual budget that is due to the wars. What I want to see is the impact of the bush Tax Cuts, both in the reduction of revenue and in the interest incurred when the Treasury had to borrow heavily to pay out all those $300 checks.
abrannan 3 weeks ago in playlist Favorite videos
Excellent way to help people visualize and understand. You really make it clear that this whole budget business and cutting spending is a sham to make the sheeple think the feds are doing something. Bravo!!
learn54 1 month ago 2
What you did to that penny is illegal.
Zyfaer 1 month ago
This has been flagged as spam show
The worst crimes signed by the USA
Search For the series
"THE GREAT DISASTERS"
eliasmouawad 2 months ago
We don't produce any goods anymore.
Bigalexander52 2 months ago
This has been flagged as spam show
Give me Ron Paul or Give Me Death.
bkl139 3 months ago
Dude, it a bad idea to cut during a recession. This is what happened right after the Great Depression. You cut the budget, it means you cut jobs for firefighters, policemen, teachers, any government workers....if they lose jobs...they don't have money to spend in the economy, they are not going to mall, they are not going to local dinners... this hurts America. We need a balance like Obama mentioned.
sysunder 3 months ago
@sysunder Lmao gatta be young. When the government doesnt spend where does the money go? It goes back into our pockets...... Then we spend it making new jobs.... go to an economics class plz. Obama Drone. Ron Paul for Freedom. Get these drones off the government. Cut it.
ModernDayPhilospoher 2 months ago 10
@ModernDayPhilospoher theres two kinds of ideas for economy, this is keynesian +1 if you know what the other one is and can describe it.
dahun0 1 month ago
@sysunder Why not take 15% of our people and send them to war, it would solve the unemployment problem, everyone would be busy working, they would all spend that wealth so the money would circulate. Of course, no wealth would be created, even if the war did not destroy a single building or kill a single person, no wealth would be created. This means that the price of all remaining goods would have to go up, because everyone has money, but no extra goods were produced. Classic window fallacy.
daobagua 2 months ago
I'm gonna be the national debt for Halloween
whatshappeningworld 3 months ago 13
@whatshappeningworld thats horrifying!
Deadvalley76 3 months ago
If you discover a planet where the inhabitants think humans are a delicacy, maybe it won't be a very bad place as long as the Federal government is not there.
TravistheHuman 3 months ago
Great video..
Bcroft39 3 months ago
The series that warned US viewers
Search For
"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 4 months ago in playlist eliasmouawad's Favorited Videos
Good video....but stupid move to post you committing a federal offense. If somebody wanted to be a big enough dick, they could charge you. But never the less, good video. And FYI,obama isnt the devil you republicans make him out to be.
southernDJ803 4 months ago
@southernDJ803 How would he get charged? There's no proof that he actually did it. No faces were shown of anyone destroying anything.
adobepoopscript 3 months ago
@adobepoopscript Are you joking? Really? you think they need his face to convict if they wanted to be assholes.? Really.....your joking right.?
southernDJ803 3 months ago
@southernDJ803 It only shows hands cutting it. Can't prove they're his hands. By the way, it's "you're" not "your"
adobepoopscript 3 months ago
it is illegal to destroy state property(money)
kingaxron 4 months ago
@kingaxron Yes, he could actually get charged for destroying that penny.
TheNikkoBellic 3 months ago
@kingaxron US currency isn't the property of the State. It's the property of the Federal Government. Read the U.S. Constitution.
adobepoopscript 3 months ago
@adobepoopscript I am not American I am Dutch and i dont want to read an constitution of an other inferior country that has depts from 1776
kingaxron 3 months ago
these are great videos you deserved to be sponserd
4394525 4 months ago
Ridiculous arguement the USA is not business friendly. The rest of the world wants to emulate America. So North America (include Canada) should feel bad because we don't have mass slave labour factories like the entirety of Asia?
The reason the world has aspired to be "Western civilized" in terms of culture, arts and social standing is because the country had quickly evolved.... through bloody struggle... to get to a point where wages were higher. Time for the rest of Earth to raise wages.
bgoo 5 months ago
yesterday bernake stated that the crash of 08' was due to the national debt (???)- today it was reported that after the crash the fed SECRETLY loaned the big banks $1.2 trillion-
our republic has become an oligarchy, take jobs, wages, pensions, 401ks, benefits...from the working class & give the profits to the ultra rich (richest in history according the census burea)
the solution is simple, tax the rich at 90%, invest in our infrastructure, strong regulation & profit-busting tariffs-
aztecadog 5 months ago
Salary of retired US Presidents .............$180,000 FOR LIFE
Salary of House/Senate .......................$174,000 FOR LIFE
Salary of Speaker of the House ............$223,500 FOR LIFE
Salary of Majority/Minority Leaders ...... $193,400 FOR LIFE
Average Salary of a teacher ................ $40,065
Average Salary of Soldier DEPLOYED IN AFGHANISTAN $38,000
I think we found where the cuts should be made! If you agree... RE-POST
legitimatemind 5 months ago
@legitimatemind data thats more relevant to our current situation-
in 1972 the avg CEO made 30x's his avg workers wages
today its over 300x's
the rich/poor gap has never been bigger on record-
the poverty level has never been bigger on record, 14%, double what it was in 68'-
the rich have never been richer on record, the top 400 richest hold as much wealth as the bottom 150million americans-
we have a wealth distribution problem, tariffs, fair taxation & regulation will help solve that
aztecadog 5 months ago
HAHAHAHH nice vid btw
bennlonelyboy 5 months ago
Who cares about one penny. Your FED can print as much money as they want. It has no value though
Limonnes 5 months ago
Pass a f***ing carbon tax and put a carbon tariff on imports from China and BOOM, you've just made it more profitable for 8 million manufacturing jobs to be based in the US then in China, thus creating 8 million jobs for unskilled workers in a market that they are desperate to get.
dave19941000 5 months ago
Ron Paul is our president Kennedy for 2012 - every awake person lits up Ron Paul as we shout, "Give us Ron Paul and give us our Libery BACK!" Research his track record... He is a solid Constitutionalist! RON PAUL 2012!
ChildofLight4ever 5 months ago
absolutely loved your illustration with the pennies!! $100mil is just a big number put there to screen the bigger problem - even after the budget cut!
mystaybuzz 5 months ago
More recently, the United States was told to cut 500 pennies out of its 8,800+ penny budget budget. Instead, it cut less than 250 pennies and lost an S&P rating, making it even more expensive to take loans.
Phantomseeker293 5 months ago
That looks like me giving up a meal once a decade
spearbearer1 5 months ago
You penny people and so-called tea partiers are THE ENEMY OF THE AMERICAN WORKING CLASS.
You have made your message LOUD and CLEAR.
You are AGAINST AMERICAN WORKERS and you look after the interests of corporate elites.
You did mention one word about getting a tiny ITSY-BITSY CRUMB from the tax loopholes and corruption of billionaire elites.
bank of America and GE paid no federal taxes in 2010.
They cant afford to pay workers--HAVE YOU SEEN THEIR CEO salaries?
LOVE to ALL--
Lllburns 5 months ago
Do some research dude, if you taxed the Rich 100% (ALL OF IT) of thier income it wouldn't cover our debt. If you took all their assets and sold them, it still wouldn't cover thier debt. Google it if you don't believe me. The real numbers are there, the President simply wants you to believe in class warfare. Now ask yourself why?
mike02454 5 months ago
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Do some research dude, if you taxed the Rich 100% (ALL OF IT) of thier income it wouldn't cover our debt. If you took all their assets and sold them, it still wouldn't cover thier debt. Google it if you don't believe me. The real numbers are there, the President simply wants you to believe in class warfare. Now ask yourself why?
mike02454 5 months ago
@Lllburns Why exactly were they allowed to not pay taxes? Who gave these big companies, for example "Green" companies, millions of dollars who are now bankrupt and asking for more? GE was one of the top contributors to Obama's campaign, and then they are allowed to get away with not paying taxes? The enemy of the working class is politics getting involved with big business. Don't blame the ideas of the guy who made this video and don't blame the tea partiers.
kcl4562 1 month ago 4
Many politicians are guilty and until people open their eyes and stop putting all the blame on one side of the political wing, america will never get out of this mess.
kcl4562 1 month ago
That was awesome
clayclimbs 5 months ago
....FUUUU....
benjorgensen1 5 months ago
@asteelio You take yourself W-A-Y too seriously.
SSJIndy 5 months ago
We're broke in debt handed penalties and we are being groped and laughed at. Congress won't care but you can. If 20 million American people spend $60.00 a month on U.S.A. MADE PRODUCTS for the month of Aug 01 to Sept. 01 China will have a Billion Dollar Trade Defect. Let's find out how many AMERICANS are Patriotic enough to do it. WE KNOW FOR A FACT OUR U.S. SUPER CONGRESS WILL NEVER DO IT!
joebuddyable 5 months ago
Do you know the video maker broke federal law here? You are not supposed to mutilate money.
PlumGurly 5 months ago
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So simple and brilliant
llathrum 5 months ago
We should take al lthose pennies and sell them for scrap. They are worth at least twice their face value.
So we take all the pennies in the treasury, sell them for scrap and double the country's cash on hand. Then we have solved the debt problem.
SSJIndy 6 months ago
I have just read that for every $1 in cuts the cost of the damage caused by the cut to the nation is $4. SO WHERE IS THE SAVI NG?
MrBabies123 6 months ago
I find this really funny. Most people don't really know much about economics(not that you don't) but the fact is that 100 million dollars is a lot of money. People tend to forget about the Money Multiplier and how that the 100 million dollars that went into investment, loans, or spending is actually worth an exponential amount of money. Taking out a 100 million dollars would not have a huge impact on the deficit but it would have a pretty large effect on the economy as a whole.
ebster37 6 months ago
@ebster37 Not really. with half a trillion pumped into the economy by the fed unemployment is still high, debt has risen even more and the dollar has been devauled even futher. I study economics and your country has been shafted by bernanke. Buy Gold and silver kid. $100million vs $600billion.
Flawed economics like what you just said is why the US is in the problems they're in. =[
Talentz92 6 months ago
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It's this simple, all PROFITS are privatized and all DEBT is socialized.
BobbyWarrenMiller 6 months ago
This not only shows how phony his "cuts" were, it ALSO shows that BARACK HUSSEIN 0BAMA, HMM HMM HMMM, is a LIAR when he says that it will be the Republicans' fault if Social Security checks don't go out. The ONLY person who can prevent the Social Security checks from going out is BARACK HUSSEIN 0BAMA, HMM HMM HMMM, if HE directs the Treasury to withhold them. We get MORE than enough money WITHOUT having to borrow to pay for them!
dittoheadAZ 6 months ago
@dittoheadAZ WOW! I didn't know a name meant so much! We better go to Germany RIGHT NOW and round up every person named ADOLF and throw them in a concentration camp!
RinzRingtail 6 months ago
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@dittoheadAZ
All this proves is that you are racist.
Saisen10 5 months ago
well when you're in debt, you HAVE to do something...even when it's the smallest move...i think obama is doing what all he can possibly do money wise. all else is not allowed to be done.
bigb771 6 months ago
@bigb771 ignorance never suprises me with society
lol not allowed to be done lol oh boy
AntixSchiTTxreport 6 months ago
@AntixSchiTTxreport goes for any president, have to do what you gotta do to dig out of this tough situation...besides getting us out of this debt is out of the question....only thousands of more years until we're out of this debt. i'm not exaggerating, it really will take thousands of years to pay 14+ trillion dollars, you do know that right?...
bigb771 6 months ago
@bigb771 well just aheads up when a government increases its spending by 1% 2 years later it will cause the equivalent of a decrease worth in 4000$ per person in GDP output
Does Stimulues Work? No
I got a task for you go find out why GOLD and Silver are reahing record highs :)
AntixSchiTTxreport 6 months ago
GE and BANK of America paid NO FEDERAL TAXES in 2010. ZERO.
Not one of the wallstreet / bank people who actually caused the economic collapse has served a day of jail time. They're doing great.
Before you go grabbing pennies from GRANDMA and screwing over the American working class, why not let the RICH FATCATS pay their FAAIIIRRR SSSHHHAAARRREEE !
Right, if only the Koch Brothers had MORE POWER to lobby to NOT label FORMALDEHYDE a CARCINOGEN, we'd all be doing so much better, right?
Lllburns 6 months ago
@Lllburns GE and BOA's Taxes (if paid in full based upon profits and not including ANY tax break or tax incentive) wouldn't pay for any given subsidy (Medi-Care, Medicade, Social Security etc.) in any given state East of the Mississippi River. Once again the human perception of the scale of Money we are talking is jilted. You could sale ll the Formaldehyde on the Planet and it wouldn't cover the budget for one semester of one Washington D.C. Public School.
fearandloathing42 6 months ago
@Lllburns Just BOA & General Electric though...the rest of the corporations in America do pay taxes...so these two companies MUST PAY TAXES GOING FORWARD! GE earned over 14 billion dollars in profits...imagine what WE could all do with that money...not the govt..but us...ordinary people should get a refund from our tax dollars...not the government..just the people.
HeyTrud 6 months ago
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Lllburns 6 months ago
Send this to O'Riley. He would find it very useful.
2redbird1 6 months ago
This is a great video to use to laugh at those who were all up in arms over the huge amount of the budget that Planned Parenthood was receiving, and pretending that the Republican effort to de-fund PP was going to achieve something real budgetarily. Granted, even that was 3/4 of a penny, which is 3x what the $100 million cut was, but still, not an effective use of budget discussion time.
abrannan 6 months ago
I just wasted 2 minutes of my life watching this crap!
storm5210 6 months ago
@storm5210 I just wasted 2 seconds of my life reading your retarded comment.
OddRobb 6 months ago
why isnt their budget cuts on politicians!!!!!!!!!!!
ZaneMarley19 6 months ago
I remember seeing this exact model on the news, except the news reporters did it.
GracefullyExpensiveK 7 months ago
@GracefullyExpensiveK Did you also see in the beginning of the report they referenced this video?
woodbutcherjohn 6 months ago
@woodbutcherjohn I think so, I was turning my TV on right as they started it
GracefullyExpensiveK 6 months ago
really like this gotta be TRUE
its funny that u have pennyz with queen on
i have pennyz with cent on
MADE IN ENGLAND IZ Me
KINGPissedALoT 7 months ago
Message*
thepro619 7 months ago
Everyone should watch the zeitgeist remastered edition if u want the link messgage me
thepro619 7 months ago
You asshole, Medicaid and Medicare need to be cut! They are the most most expensive things in our budget and they will only increase in expenditures if we don't cut them and transition out of them completely. If we had a free-market in medical insurance, we could rely on that instead of government insurance. It is this kind of dogma that got us into this mess in the first place.
jimmyt3411 7 months ago
@jimmyt3411 How exactly do you think would happen if Medicare got cut? The whole point of it is people go to it when they cannot afford the steep insurance costs of the insurance companies, or for people that companies that will not insure them at all because the companies feel you are too old and too high risk. Getting rid of medicare does not magically make it a free-market.
xlmeay 7 months ago
@xlmeay The reason why we have steep insurance costs is because of Medicaid and Medicare, these programs encouraged the overconsumption of healthcare through third-party insurance providers, driving up costs. As a result, Nixon enacted HMOs to have employers provide insurance for their employees because it was too expensive, this only increased the costs further. Ever wonder why medical costs are more expensive when you have insurance? Doctors know they can charge the most when Medicare exists.
jimmyt3411 7 months ago
@xlmeay
how about this....get rid of medicare in order for people to see a Doctor if/when they are really sick only and let insurances compete over states line,i see several advantages 1.Doctors can not overcharge(drops cost), 2.only those in need (not with a common cold) would see a Doctor (drops cost) 3. insurances need to charge less (compete) for same quality treatment (drops cost),its all a question of supply and demand....the magic of the free market
Hoschi0913 6 months ago
The series US viewers considered as a joke
Search For
"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 7 months ago
Aztec, we can't have jobs till our country is more business friendly. No company wants to manufacture here because of high labor costs. Also our government taxes the hell out of them so it is not pleasant to have a company based In the united states. Even 60 minutes, a known liberal program, has stated this flaw and interviewed many businessmen about it. Thats why there is no jobs, no country wants to be based in a place that doesn't make good capital for them.
w00densh31ld 7 months ago 8
@w00densh31ld no your wrong. This country is consumerism. Thats the problem BTW We can make our own demand, its just were supporting the workers in China when we buy our stuff. If the stuff were made here in the US, then wed be supporting them, us. What makes a country rich is not how much demand you have, its what you can export out. Resources, goods. For Germany and Japan, they have big industries in cars. They make alot of money off exports to other parts of the world and the money ---CONT
shevah2 6 months ago
@w00densh31ld the moeny they make off exports goes to supporting their workers and their economy. Makes them richer. Same thing with oil in other countries. Makes them richer because they offer something to the rest of the world. Thats the only way you get rich. Our country is buying our goods and those from other countrys. Were only making goods for ourselves [like matresses, clothes, etc] Our country doesnt get richer. Thats consumerism. Our country did not get rich and glorious that way.
shevah2 6 months ago
@w00densh31ld Which is why they choose countries where they can pay their workers pennies a day to make their shit.
theshadow0425 5 months ago
@w00densh31ld with profit-busting tariffs it wouldnt matter what the rich want, they would have to bring back the manufacturing plant, (or be pushed aside) & be content with the very nice profits they were making before this 'race to the bottom' we're having with china,malaysia,mexico....
for many decades americans enjoyed liveable wages, pensions, benefits, during this time the rich tax rate was at 90%-70%, we exported more than we imported & the rich/poor gap was no where near what it is now-
aztecadog 5 months ago
@aztecadog Arguement against tariffs: watch?v=cWt8hTayupE&feature=feedrec
The laffer curve argues against exessive income taxes.
Inadaquete infrastructure can limit economic activity but economic activity will not expand more rapidly in response to excess capacity. The broken window fallacy punctures the notion such spending increases employment.
Overregulation hampers innovation and increases compliance costs while regulatory uncertainty increases risk and discourages investment.
studentofsmith 5 months ago
@studentofsmith the debate should be what is 'excessive income taxes' & what is unfair taxation-
in our current crash the burden has been carried by the working class through loss of jobs, stagnated wages & burdens of hidden taxes through 'fees' (like school bus fees) while the rich are enjoying unprecedented wealth-
the economic philoshy debate should be null through experience- we've deregulated & cut taxes to levels not seen since the pre-depression...& once again we've seen the results
aztecadog 5 months ago
@aztecadog I am familiar with history but draw from it different lessons because I use a different framework (economic philosophy) to interpet it.
For example there is a good arguement as to how deregulation of the financial industry precipiated the crash. There is no such arguement, however, indicating that low taxes were in any way responsible. It is not enough to say there were tax reductions and then a crash occured, you need to show how those reductions were responsible for the crash.
studentofsmith 5 months ago
@aztecadog Interesting sidenote: It was once belived polio was caused by ice cream. Polio cases increased along with the consumption of ice cream and so it was theorized that there might be a connection. Ridiculous as that seems the logic employed is no different than your own. It's important to remember that correlation does not nessesarily indicate causation.
studentofsmith 5 months ago
@studentofsmith whats interesting is some of the working class still supporting policy that enrichs the already ultra-rich at the expense of the working class/nation-
in the run up to the great depression our nation went on a pro-rich binge of reducing taxes, removing the little regulation there was...basically implementing trickle down, granted, there was an economic bubble during the 20's, like the 90's, but it collapsed on itself, like it just did-
and some want more of the same- wow
aztecadog 5 months ago
@aztecadog I agree that a boom is usually followed by a bust but I disagree with you on the cause. In my view such boom/bust cycles are usually the result of monetary policy.
The dominant view on monetary policy, referred to as Keynesian economics, is named after its author John Maynard Keynes. The opposing viewpoint, Austrian economics, was championed by Friedrich Hayek. There's a fun rap video on the channel EconStories called "Fear the Boom and Bust" pitting these two men against eachother.
studentofsmith 5 months ago
@w00densh31ld so your solution to the problem is have all the middle class workers take a pay cut down to $1.50 an hour so our labor cost is internationally competitive? somehow that dosnt seem like a way to reduce suffering to me.
aSheeple 3 months ago
the deficit isnt our biggest problem, its lack of jobs & opportunity for everyday people- it would actually benefit our country if we grew our deficit but used that money to invest in our crumbling infrastructure, creating jobs- we could help finance this by returning the tax rates on the rich to 60's levels when our economy was strong- but the most important thing we need to do is return the foundation of any economy, manufacturing, with profit-busting tariffs, its not the deficit, its jobs
aztecadog 7 months ago
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Ron Paul 2012
straightAscholar1 8 months ago
That penny you wasted could have gone toward our deficit, jerk.
darkhaxx0r 8 months ago 57
@darkhaxx0r loool
slutypet 7 months ago
@darkhaxx0r Are you gonna take it away? Who are you, the government?
SJ3059 4 months ago
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Toll Brothers Luxury Housing...........Go to Youtube...........Looking for Schmucks
hbloch1 8 months ago
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CCTECH75 8 months ago
These folks were complaining before Obama got in office, but Obama has run up the national debt to point it eclipses nearly all of the previous 44 presidents combined! We can't afford anything the USD has been driven down to nothing and China owns our debt. Also check out the Brazilian instead of US start up funds for drilling offshore (in our waters) and the trade agreement with S. Korea that allows them to sell here, but not us over there. Thank you.
cakedup83 8 months ago
@cakedup83 It's called "inflation." why don't you point a finger at George if you want to talk about national debt? He's the one who had a surplus when he went into office. Obama was left with all his shit to deal with. How would you handle it if I borrowed 133 billion dollars from the bank, then left it for you to pay off?
wildcat1292 8 months ago
now a video worth posting would be what all that money to the right of the blue line is for and how to make that spending more efficient, if it can be better spent somewhere else, or if it can be cut... but no let's make a tutorial on how to cut a penny and hope someone else can do homework
Overbruce 8 months ago
I notice that he only mentions social programs in the big pile... How many of those pennies went to making a stealth helicopter to go kill one man and how many went to teaching the next generation of Americans? I am guessing defense is the everything between the white and blue line.
radiodevin 8 months ago
Fascinating video! Excellent work!
RandyAKing 8 months ago
Check your math. 100 million out of 3.5 billion is 1/35, or 3%. It would be 286 pennies out of 100 dollars, not 1/4 penny. BZZZZT Next
pappyfiddle 8 months ago
@pappyfiddle trillion, its trillion
sammyummy1 8 months ago
@pappyfiddle 3.5 TRILLION So re-check your math smarty pants! LOL
LiddellGraphics 8 months ago
@LiddellGraphics Where did I get 3.5 billion? ... my very first mistake
pappyfiddle 8 months ago
@pappyfiddle 3.5 trillion lets see $100 = 10,000 pennies. and he said about $100 really its 8,750 pennies. So if 5 pennies = 2 billion then each penny is 400 million which means 1/4 penny = 100 million. Am I missing something?
BZZZT Next
conwaywaak 8 months ago
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pappyfiddle 8 months ago
"We humans have a problem with BIG NUMBERS" you got that right my friend! Nice channel keep it up!!
BorderlineOffensive 9 months ago
this was really helpful. Can't complain. Good video.
supercoolbrian 9 months ago
Looks like he destroyed his living room searching for pennies...
MusicMan53100 9 months ago
test
knbknb1 9 months ago
test
clb417 9 months ago
Sorry for the spelling errors, it's a pain typing this all in on my iPad... A tax write-off for me since i use it for business!!!
ShaneVadnais 9 months ago
@rubberbaby00 I don't think anyone likes to pay taxes (rich, middle class or poor). Rich people do pay more in taxes, I believe it's now somewhere north or 35%. Do they find was to save money on taxes, yes, just as you and i do. They start businesses, make large investments, donate to charities (usually a lot more then you or i do). Therefore they got to write off more expenses. I'm not rich (middle class here) and i started my own business so that i could also make use of the "incentives" that
ShaneVadnais 9 months ago
All people who hate Obamas failed policies and ineptness and dangerous naivety,[let's face it. He never managed anything nor did he work towards anything honestly. Doors have always opened for mr. smug] all these so called"racists" against BO LOVE Allen West,Allen Keys,Herman Cain,Thomas Sowell,etc. These strong,accomplished patriotic real men are 100% Black,baby. What? Nothing to say. Busted racebaiter leftist lib.
ToeIn2194 9 months ago
nice vid... good visualization. BUT....
clean your room kid!!!!!!
ct7320 9 months ago
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You know your incredibly misinformed right? ?
cupwithwater 9 months ago
You know your incredibly misinformed right?
cupwithwater 9 months ago
Ugh. The whole "corporations don't pay taxes, people do" is such a tired, lie. Sure, if they existed in a bubble they could just raise prices to cover the loss. Market competition however, demands that prices stay competitive. Dumbasses.
chadlewis76 9 months ago
The comments here prove liberals are stupid and not just ignorant. We did complain when Bush was spending, liberals didn't care, they liked it. Then Obama said he inherited this spending problem, and he was going to fix it by spending more than our country has ever spent in history combined. Liberals cheered. Taxing the rich more is stupid. It brings in less revenue. It defeats the purpose. Lowering taxes has always resulted in higher tax revenue. But liberals are stupid and not just ignorant.
1980PintoMan 9 months ago
@1980PintoMan How exactly do higher taxes bring in less revenue? And you're calling liberals stupid? You blame our teachers, and firefighters for making too much money, you blame the poor and the sick and the elderly for being poor sick and elderly and yet you think it's great if billionaires pay no taxes? Who are you? What kind of brain do you have?
WhitneyDafoe 9 months ago
Unfortunate that your videos focus on cutting the budget when taxes for rich are so low. You would be more credible if you addressed the fact that rich people don't like to pay any taxes and shift the burden onto the middle class.
rubberbaby00 9 months ago
Ya, this is wrong.
bobsod 9 months ago
Government got owned!!!!
NotechRX7 9 months ago
What you just did to that penny is actually illegal.
Br0o0otal 9 months ago
better than nothing
tttfrenetic 9 months ago
awesome coffee cup!! go Jackets!!!
craigclarke 9 months ago
someone speaks good english does not mean he is different and a responsible one
SuperTravisZ 9 months ago
Absolutely wrong and stupid. You've got the penny allocation wrong too.
doctoroe 9 months ago
I have a good way to help America’s revenue shortage. You and I have to pay tax on anything that I buy. I think there should be a Federal tax placed on EVERY stock trade that is made - What do you think?
MrJpfolland 9 months ago
Keeping focus on Obamas skin color is not working. The country despises his lack of leadership,failed policies,narcissism,incompetance,Obamacare,Bp oil spill mismanagement,Libya delay,border and illegal weakness,power grabbing, unconstitutional behavior,his creepy,bizarre czars and administration...It goes on. The same Obama haters LOVE ALLEN WEST,ALLEN KEYES,THOMAS SOWELL,HERMAN CAIN..100% BLACK,BABY!
ToeIn2194 9 months ago
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khench21 9 months ago
You're absolutely right. This budges isn't about cutting government spending. It's about Republicans using dirty tricks to put an end to vital programs for the poor in order to line their own pockets.
anishinaabe 9 months ago
Social spending in America is self-defeating. More social spending attracts more poor immigrants. The more that is spent the more poverty there is in the U.S.
4teepee 9 months ago
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scottmschmidt 9 months ago
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scrosnoe 9 months ago
so, a little question for everyone -- How many stacks of pennies (LOL) did the R's just manage to get taken off the table?
scrosnoe 9 months ago
you were good in the facebook movie
AustenWillis 9 months ago
Just recently a government shutdown has been avoided. 78.5 billion has been cut. However, there is a serious problem with that. As of now the national debt is 14.3 Trillion dollars. Say there are 100 pennies. Each penny is 143 billion dollars. 78.5 billion is about half a penny. Even if the money that was cut went to pay the national debt, it would be very insignificant. To make things worse, interest is adding 4 billion to the debt each day. 19.5 days of interest cancels out this budget cut!
MONOPOLY35 9 months ago
@futbolkid1995 Obama has increased the debt to over 5.5 trillion dollars since presidency so yes you are right
kevinalaska1 9 months ago
And to think that in the current budget debate the Republicans are asking to take 30 stacks of these pennies off the table and the dems are saying they are extreme old peolpe, pro cancer killers for that?
Look at the screen and count out 30 stacks. Can we still not agree that we have a spending problem and not a tax problem?
mrhoffame 9 months ago
I send my love to everybody regardless of your views.
But with no disrespect, how did they get you to go against your own best interests?
The people who caused the recent economic collapse are still having million dollar salaries+getting big bonuses.
GE and BofA paid NO FEDERAL TAXES in 2010. NOTHING!
Cut ALL but tax cuts for the rich?
In WI they agreed to cuts, but they want basic rights removed.
Share this w your grandchildren? Their making 14 cents an hour will be OK?
.
Lllburns 9 months ago
@Lllburns blah blah, tax cuts, GE, F&F, Oprah not paying taxed, etc.. They are completely unrelated.
The "Tax cuts for the rich" you all love to harp on so much are NOT related to those who pay None, they are Deductions allowed to companies with a higher number of employees.
You are all falling for the smoke and mirrors - being led to think our economy is a Budget Problem, when it is a Corporatism Problem. Big Business = Good, Corporate Government = Bad!
eslake 9 months ago
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Lllburns 9 months ago
thanks! Could you do one where you show how G W Bush did with the pennies?
RivrStyx1 9 months ago
@RivrStyx1 just to inform you obama has put us in more of a deficit in 2 years than bush did in 8, nuff said quit blaming bush for everything :)
futbolkid1995 9 months ago
Thank you. Doesn't anyone ever wonder why the govt would never show something this straight forwad and simple when they are talking about money and budgets?
THEY DON'T WANT YOU TO SEE THIS TRUTH! Period. Get off the Rep, Dem thing. The US is a great country and has a great system. It's these career politician and greedy power bastards that are taking it to hell.
mrhoffame 9 months ago
Better hope the gov doesn't find out who you and hunt you down. Defacing U.S. coinage is a federal crime with an undefined fine limit. Considering how much the government is in debt, they might take you for everything you have. ;)
m4d4p3 9 months ago
I don't see cuts in the Military spending from both sides!
How corrupt can our politicians be, this cut spending is just to appease the American people who are so stupid.
franklindavid 9 months ago
GE paid NO FEDERAL INCOME TAX in 2010. ZERO.
Bank of America also did not pay ONE CENT. Nothing?
None of the people who caused the recent economic collapse has served a day of jail time.
And they can convince people that everything need to be cut - EXCEPT tax cuts for the rich.
We can't afford anything but tax cuts for the rich.
When did the police, firefighters, and the people who build our roads start to work for free as a favor to companies like GE and B of A ?
.
Lllburns 9 months ago 30
@Lllburns It's so entertaining to watch the ignorant rant. It's like a monkey who can almost use a tool but doesn't quite have it yet.
xjchief 9 months ago
@Lllburns It's so entertaining to watch the ignorant rant. It's like a monkey who can almost use a tool but doesn't quite have it yet.
xjchief 9 months ago
@Lllburns I'm not sure that you actually realize the amount of money the government spends, and how much money the "rich" makes. I do believe that GE and B of A should pay their taxes, but even if they do, it's not going to matter. GE's entire income last year was approximately $75,486,000. Even if you took their entire income away from them, you're looking at only paying .002% of the $3.7 trillion dollar budget. Spending needs cut, not more taxes.
kalemlong 9 months ago
@kalemlong definitely spending cut rather then 'increased revenue' (taxes) ... but just as important is all those loop holes and regulations that allow for the rich to kill competition. for if they don't go, the very top corporation will continue to give the illusion that free-markets don't work (of course we don't live in one, but that doesn't stop the critics) then the left will again call for taxes.
100CommonCents 9 months ago
@Lllburns i've never gotten a job from a poor person.
Armageddon3284 9 months ago
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@Lllburns Chris Dodd Barney Frank
cardothe8 9 months ago
@Lllburns There are things that may seem unfair at face value. Taxing the rich and hitting corporations hard might make us who are not rich or heads of large corporations feel better and make us believe will solve some of our economic problems by sticking it to them. However we need to keep in mind that just like we as individuals can and do move away from discomfort and pain, so will corporations and rich individuals. If we hurt them, they will move to a more comfortable place.
R00R 9 months ago
@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
lnthomp 9 months ago
@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
lnthomp 9 months ago
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@Lllburns No corporation has ever, in the history of the world, paid any tax. Sure, it shows up on their balance sheet, but every penny of tax paid out on any corporations balance sheet comes from a penny paid in to the corporation by a customer. Increase the tax on the corporation, and you increase the price people pay for the goods or services the corporation sells.
lnthomp 9 months ago
@Lllburns It happene pretty much about the same time as the idea of "everyone can become rich in their lifetime" was acceppted as a higher goal, thus turning the common voter aginst his own current best interest in favor of the promised best interest of him as a rich person in the future.
sp4zzer 9 months ago
@Lllburns I think you correct.
wolftreetree 8 months ago
@Lllburns When the whole of the country became slaves to the banks for the American dream of a car, a house, and a degree.
Rensune 8 months ago
I applaud your video, but why did you have to deface US currency?!
MONOPOLY35 9 months ago