lmao when the country was going down the drain before Obama came in too office everybody was a go on the stimulus now that it,s looked okay for a little while every one is asking why did we need the stimulus again bunch of hypocrites.it was not started by obama
@wherenwhen I was never for any stimulus or bailout; in fact after 11Sep's impact on the airline industry I was of the opinion that the airlines should make it (or not) on their own. Yes, one [possible] immediate results of such a stance regarding airlines would be a lot of people getting laid off; but it would also allow new and small companies to take their place, and that would lead to competitive pricing.
@OneWingedShark did we need any kind of stimulus in anyway when the economy was spiraling into chaos and besides none of this was caused by the President. The bailout of those big company's should never have happen but when you have company's or banks who were doing shady business practices because they saw a sucker and accumulated excessive waste as far as capital and lets be honest at that point in time it seemed like every company was going to fold it turned out great not the 1930's.
OR we could get the money the banks owe us. No offense but it seems in all of your videos you blame Obama for all of our problems, bush has more stake is this.
I was under the impression tnhat the Laffer curve and "trickledown economics" was discredited as an economic theory. Guess I was mis-informed. Can you point me to the empricial studies verifying what you say.
@macroman52 He said "Even if we kept the tax cuts in the stimulus, simply not spending...." This implies even more savings if you were to increase taxes. However, tax increases do not always have a positive impact on the tax base, which is why trickle down economics works; if you lower taxes in certain brackets, it expands the tax base in those brackets, increasing the overall tax revenue.
In this video you misrepresent the numbers again. Each cup is about 77 billion. To remove 15 billion from a cup you would have to remove 20% of the liquid. You have critical calculation mistakes in several of your videos. It is amazing how you criticise the president for misleading numbers when your visualization are also misleading.
To continue with this thought. As we save 4 cups of blue juice Now. We will Lose 9 cups in the short to medium term, as companies go bankrupt and unemployment sky rockets. In the more longer run you better get out the buckets as we go into a deflationary spiral. I rather spend the 4 cups now!
@Minethis1 - Deflation is better than the hyper-inflation and debt crisis. Deflation got us out of the depression of 1920. Controlled deflation is the strategy we should use to get out of this situation.
If Obama's budget continues, it will increase the US debt by around 5.8 trillion in his 4 years. His total spending will be about 15.0 trillion, and revenues of about 9.2. Assuming the debt limit increases, the debt will reach 17 trillion in FY 2013.
@Minethis1 - In addition, I deny your assertion that without the 4 cups we stop spending it would cause the loss of 9 cups. Keynesians have a horrible record predicting outcomes of economies. The Keynesian multipliers you use to estimate this loss don't hold water, as the Keynesian prediction was that the stimulus would keep unemployment under 8 percent. In addition, you deny the fact that much government spending is associated with a "crowding out" effect, or a negative multiplier.
@Slipknotyk06 1. Let me explain this is real simple terms. there is only one piece of gold in the world and one person producing 100% out of 1 unit. They value of that unit is 1 gold. Now another person comes from outer space. Now produces another 1 unit of something. What will that unit be worth? Yes .5 gold. The output doubled but the value decreased by 50%. Is that not deflationary? Yes it is. Now efficiency doubles to 4 but their value lost 75% and now worth .25 gold. see how that works?
@Slipknotyk06 2 let's do the reverse 1 guy producing 1 unit worth 1 gold Another piece of gold is found the unit value remained constant (1 unit) but the nominal price of gold doubled. Value never changes no matter how many gold pieces you introduce. Nominal prices are irrelevant because at the end of the day you are only getting 1 unit (value). I used gold a currency here which is limited. FIAT is not limited just like output thus making it far better in accurately reflecting true output value
@Slipknotyk06 3 What is a currency A currency solves the Barter limitation. A currency is not wealth! it is a claim on human labor of output for both present and future. Through this claim a currency can accurately reflect demand of. output is limitless so must the money in order to reflect true value. (Not price! VALUE) ie a gas pump has a pressure meter that can only measure up to 1 PSI if the pump output is 10 you will never know it. Only if it is less than 1 can you know the true output.
@Minethis1 - Yes, a currency is not wealth. My standpoint is the Keynesian injection has failed to produce results. Our spending is out of control, and the reason I mentioned the 17T debt is that is the 135% debt to GDP that caused the crash of the Greek economy. We need to concentrate on slowing spending, as it's not producing results, and stop inflating our currency. Inflation doesn't MAKE us more wealthy. It makes us less.
@Slipknotyk06 A recovery is not an event nut rather a process. To say it is not working is incorrect. Revolving and Household debt is contracting, Dow is at 12,200, from 6500, housing supply is decreasing to 7 months from 12, Home prices have contracted by 32%. etc The deficit does not concern us right now. We need to get the economy running on all 12 cylinders first than comes the deficit. As unemployment decreases tax revenues go up. We are not inflating stop saying that. Oil -45% Shelter -32%
@Slipknotyk06 4 This is why modern economics is based on growth. Because the Population and output is constantly growing. So the money supply must expand as well to reflect true value. If we didn't increase the money supply we would deflate (refer to Post 1) ie. If we deflated at a rate of 3% a year in just 20 years GDP would be worth 7.6 trillion 50% less eventually GDP would be worth zero. reason? Either money supply is too limited or output is less. No money to start no Biz or LAZY people!
@Minethis1 - Yes, modern economics is based on growth. But, you're suffocating growth with de-valued currency. If money becomes worth more, prices drop, and people can actually afford more. Your theory is keeping prices artificially high to induce more of the Keynesian circular cash flow. However, when you de-value your currency, prices rise, people can afford less, and bankruptcies and foreclosures rise, and banks take a hit on de-valued assets.
@Slipknotyk06 1. For a currency to devalue you must also keep credit constant or expanding. Not the case today. 2. When you devalue the currency the value lost is offset by the equal supply. Coke 1920 .10 cents income per week $100 . today coke $1.00 income $1,000 end result no value loss. in other words it's a wash. 3. Take all the USD and credit held by Countries, companies and people worldwide. Take total credit contraction subtract printed money and divide that by total USD WorldW. < 1%
@Minethis1 - Inflation offsets growth. Inflation is the decrease in value of currency. If money is being printed at an excessive rate, as it is today, it can lose value. Look at the Weimar Republic for this in practice, as the Weimar printed far too much money to pay off its debt assessed at the Treaty of Versailles. In addition, this is hyperinflation, or excessive loss of value of currency that caused an economic depression. It occurred without an expansion of Credit.
@Slipknotyk06 Coke 1920 .10 cents income per week $100 . today coke $1.00 income $1,000 end result no value loss.
Home prices 42% of income deflated by 32%. Oil 17% of income deflated by 44%. Where is the so called inflation you are claiming coming from? Because I just pointed out 59% of total income has deflated. Don't tell me food that represents 15% of total income because I will laugh at you. an egg going from .20 cents to 21 cents is not enough inflation to support your claims! Bad math
@Minethis1 - Where the hell are you getting your false numbers? In addition, are you trying to say that increased prices rising at the same pace as wages is the function of currency value?
The essentials for survival ARE rising in cost vs per-capita or per-household GDP currently. Food, utilities, gasoline and oil, etc. In 1991, the Average American home owner had a mortgage worth 2.5 times the household salary, by 2004, that was up to 4.3. Would this not constitute an expansion of credit?
@Minethis1 you sure you want to talk about oil? I still can't sell my house to take a better job unless I want to take a $30k hit. Tell me where you live, b/c it must not be in this country if things are going so great for you. Are you a homeowner? STFU and go hop back on your unicorn and jump over some more rainbows.
@devilsadvocatenow Things are going great for me. Why b/c I do not look for hand outs from the Gov, or someone to give me a job. I earn it. If You hand me lemons I will make lemonade and sell it. Unlike YOU! I don't cry or blame others. I know my limits, I use all recourses to make the best possible decisions, objectively w/ Risk/reward, Risk management, patience, Proper math (unlike you), Delegate authority, and I accept the fact I will not always be right! You are a looser and always will be!
@Slipknotyk06 Actually, the point you are citing there is not so much an expansion of credit as a removal of restrictions on bank loans. Expansion of credit would imply that the credit ceiling had been increased, however this was not done. Instead, under Clinton (who otherwise didn't do so bad on the budget side of things, thanks to a balanced government), banks were allowed to lend to anyone, enabling people to purchase homes of much higher value than previously possible.
@Slipknotyk06 The problem with this of course being that people who take out loans on houses far above their income level often go "under water." Another side effect is that once loans become unrestricted, housing prices will also increase, as people are able to mortgage homes they could not previously buy, and the market reflects this by increasing price as a buyer flood hits the market. This is where the housing bubble came from. Spoiler alert: it popped.
@Slipknotyk06 So, in short, it was not an expansion of credit that occurred, but rather a removal of restrictions and fail-safes that kept the housing market stable.
Too Long Didn't Read; Removing restrictions on loaning is not the same as expanding credit.
@Minethis1 yeah, the economy is fuckin awesome. Everything is fixed. We all know you are just some college kid who is taking a few economics and ethics classes. Go out in the world and get a real job and buy a fucking house (5 years ago) and then come lecture us about how fucking great things are. Bitch.
@devilsadvocatenow College kid? Well thank you I am actually much older and I have 1200 people working for me. You do not know what a recovery looks like I suggest you Walk outside and take a picture of it. A Recovery is process you goober not an EVENT! You are a first class looser that would not recognize an opportunity if it hit square in the middle o your forehead. You would rationalize it to death and then say "that's why it would not work!" You don't have the Balls to be a entrepreneur!
@Slipknotyk06 Completely false statement! Because You assume that the supply will remain constant and the population. Not the case! As I proved in my part 1 of my post. Inorder to increase value of a currency you must limit it. If you do that you fall into a deflationary spiral where the less you produxe the more it is valued. Ask the former Soviet Union They will tell you all about it. As more and more people hold on to dollars since the supply is shrinking jobs decrease and so does pay! circle
@Minethis1 - That's the thing, you're assuming fall into a deep deflationary spiral.
When you run deflationary rates of 1-2%, this causes an increase in the value of personal savings, which can cause elevated spending and economic activity as prices begin to naturally fall.
I'm not advocating deflation rates of 15-20%. You've kinda strawmanned me here. I said controlled deflation.
@Slipknotyk06 5 since we know a currency express demand we also know that the demand is subjectivve and emotional. Austrian and Keynesian cannot stand on their own. One needs the other to survive. No economical school with a boom bust build into it can be correct. A perfect economical theory would not have a boom bust. Hence both schools are wrong and right.The reason we cannot have a perfect economical theory is because of Human emotion. No theroy can predict emotions accurately Fear and Greed!
@Minethis1 Demand is NOT subjective NOR emotional. Demand is CONSTANT, and essentially unlimited. People always want more than they currently have.
What is NOT constant is supply, supply of jobs, and supply of affordable goods. there's always a demand for bread, but if there's a shortage of bread leading to $100 a loaf prices, people are going to buy tortillas instead. You're trying to make yourself out to be objective, when you are no such thing.
@Slipknotyk06 Supply of jobs is based on demand of goods and services. If an Iphone was selling for $10,000 demand would low and Less jobs. If price was $100 demand would be high many jobs. Do not try to confuse what is simple by mix matching the Elasticity of demand to Inelastic with your bread analogy. Inelastic to Elasticity is bad math. Iphone to Blackberry and Water to bread. Like I said No theory can predict Human emotions accurately Fear and Greed! This is a fact that cannot be disputed.
@Minethis1 - I'm sorry, but you're denying the basic rules of capitalism here.
You're assuming with your iPhone example that the company does not have the ability to make the product profitable at a lower cost. If it does, then it will start moving stock at a lower price, in order to reach a higher total profit with sheer numbers sold. If the iPhone isn't a better value per the price than the Blackberry, demand does not decrease. It shifts. Demand is still unlimited, market-share is not.
@Slipknotyk06 You are taking the Iphone example out of context. The point is you are comparing Elasticity of demand to Inelastic. Food is Inelastic and Ipones etc are Elastic. Demand for Iphones in Egypt is not the same as it is in the US. Thus making your comment that demand is constant untrue. Demand for Food in Egypt with the Demand of Food in the US is almost Constant. You need to spend some time learning what Elasticity of demand is to better understand what I am saying.
@Slipknotyk06 6 Lastly to deny my assertion is a mute point. Facts are Dow up to 12,000, a 100% gain on an Index not a stock INDEX unheard of. Revolving Credit contracting down, Unemployment rate down 9%, Personal income UP, Personal savings Up, Exports Up, GDP Up, interest rates low, 71% of all companies reported thus far Beat earnings expectations! Dollar index true value DX 2008 .78 2009 .78 2010 .78 2011 .78. with highs of .88 in 07, 08, 09, 2010. You need to rethink your economic theories!
@Minethis1 - Wow, ad hoc fallacies are abundant here. 71% of all companies beat earnings expectations because they expected an additional 5% to go towards taxation. Unemployment is NOT down by 9%, it's still 9.6-9.8, and before the rash spending it was at 3-4. Personal savings are unrelated to Government Spending, and GDP is primarily up because of the spending, however adjust for inflation and GDP is still trending down marginally. And I'm the one that needs a re-think? WOW!
@Slipknotyk06 Really? Why Because you say unemployment is 9.8 makes it true? Go to the published number and reread it again. Who expected the additional 5%? The whole planet knew it! Personal savings are up so is Personal spending what does that tell you? Yes recovery you can say it don't worry I already know it. GDP is down?? What inflation rate are you using? Let me guess a rate you think right? A recovery is a process not an Event! Again to deny my assertion is a mute point. Dow 12,000 plus!
@Minethis1 - Look at BLS (Bureau of Labor Statistics) numbers. Unemployment is AT 9.8% in the U.S.
Personal savings are UP because taxes did not go up. People prepared for taxes to return to Clinton-era numbers.
CPI went up 6% last year, dashing the increase in GDP. It went up 4% the year before, again dashing the (tiny) increase in GDP. This inflation means that REAL GDP is still trending down.
Dow is irrelevant. Commodities are skyrocketing, Cotton alone 125% in 6 MONTHS!
@Slipknotyk06 Unemployment Rate: 9.0% in Jan 2011 here is the link w bls dot gov.
Personal income is up! You cannot change that.
CPI is 2% You cannot change that either.
GDP up 3.2% Can't change this either.
Cotton (a single commodity)compared to an index is bad math. Cotton to AAPL, FFIV, NFLX, CMG, Citi group, Ford, AMZN and another 150 other stocks are more accurate comparison. All of them Blew the doors off of Cotton. Again you can't that fact! Your math is very bad work on it
You can see it for yourself by googling the tax rate of the USA over the past 100 years. Currently we have one of the lowest tax rates in the last century.
Increasing taxes in the early part of the century lead to the 'great compression' which was the start of the middle class in the USA. Before those taxes, we had the rich and poor and nothing between.
Currently the USA is heading back to the times where there is no more middle class. Raise taxes to save the middle class, please!
@bdhcarbon - Oh wow, where do I start? You're pushing an ad hoc fallacy. Correlation does not equal causation.
If you want a more accurate picture, look at the expansion of Private Sector GDP. This expansion is most rapid over times of lower taxes, and this DOES coincide with expansion of the middle class coincidentally.
Increased taxes will do nothing but harm the upward mobility of the middle class, and expanding downward mobility, thus creating the effect you seek to avoid.
@bdhcarbon Lol, play fair man. I don't support the wars in the middle east so I don't think I should get taxed for them. What's so crazy or hard to understand about that?
@bdhcarbon If you think its so great to be taxed 50 percent why don't you live in one of those great countries that do tax that much? I heard Greece is doing pretty well right now
I don't understand much. But to me it's clear Obama is not here to save the country but only to stablize it. It's going to take more years and presidents to fix and restablize the economy. People are holding him too high expecting him pull miracles out of a hat forgetting is he just a man and not alone. Many maybe disappointed but change comes with time and harsh change.If things and things don't shape up now, America I feel could be in for more than a depression. Everyone should come together.
Or we could abolish the 14,-27 amendment if we created a 28 amendment that eliminated the unconstitutional 14th amendment never ratified by the president and only23 states out or the 37less that 3/4 required that existed back then This was debated on the House floor on June 13 1967 of the 90th congress in session. Taxation should only come from impot and excise taxes and the differance made up by dividing the adult population by the money owed in that month.
I didn't have anything against the Patriot act because I don't have anything to hide. Sounds like you might, though. =) Tax cuts for the rich in order to help make jobs is a LOT different than bailing out businesses and ridiculous government spending. You should checkout Steven Crowder's page and actually see what Obama bailed out. It's kinda scary.
Obama is a joke...The only thing he is changing is the ruin of america. We needed someone else to take over...The main problem is the fact that 80% of americans are idiots and don't pay attention. The 20% of us that do pay attention and try to explain to the other 80% just get shunned and are told that the government would never do anything wrong. We the people.....NEED TO PAY ATTENTION AND STOP BEING STUPID.
This may be true, however, as the GDP increases the government will get more money overall, meaning that this will save money and decrease the debt in the long term, not the short term.
@Milesdavis2998 why do you republicans ALWAYS compare real life to the government? now, as the unemployment rate decreases, due to the stimulus (we added 260,000 jobs last month) we will spend less on unemployment benefits, and thus lower the deficit even more.
@greatpower20 Wow, you must be a real winner in the classroom, kiddo.
1st. "You Republicans" that's profiling and totally against the law.
Answer: Currently registered as an Independent. I vote on good ideas, not bad politics.
2nd. "Unemployment Rate Descreses" means going from 9.midrange to 9.highrange makes you a mathematical genus on the level of Will Hunting who is also imaginary, btw. Statement 1 + Comparison 2 = You're a freggin idiot.
@greatpower20 Being called Republican isn't degrading.
'Since' and 'if' don't belong together grammatically.
Jobless Benefits have been extended.
Speak for yourself. A very large percentage of people are speaking for YOU and are doing their best to leave you in the dark on the information passed into law. How does that make you feel? To be honest, it pisses me off because our representatives are NOT representing us, they're doing their best to think FOR us.
Yes I know, but paygo was also put in, which means that the budget can't increase.
and the last point you have is completely idiotic, as i happen to read a good portion of the bills passed into law, ever heard of govtrack? you can read any proposed amendment, bill, or law
@greatpower20 Call me old fashioned, but I print out the Bill and break out the highlighter/pen combo and read the entire thing, not portions. Then I make note of the items I have questions on and then... wait... why are we discussing stuff both you and I can't change or manipulate? Even if you find something you don't agree with, who are you going to call to get your voice heard and are they really gonna care what you think? Idiotic or not, you elected official doesn't care about you.
@Milesdavis2998 Oh really, see i disagree with that. My representative holds my same values, well at least my representative in the house. I hate the two idiots we've got in the senate. I live in the Third Kansas District, and the man we elected has the values of the people at heart, or at least it seems like that, due to his voting record.
Matthew 7:15-17 "Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves. Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles? Even so every good tree bringeth forth good fruit, but a corrupt tree bringeth forth evil fruit."
My beliefs are a far cry different than what's good for the people of the USA. At least I understand this. Do you Mr. Kansas? Be Weary.
@Milesdavis2998 Oh so instead you take what god says as fact... good job. lets not make this argument about religion... but really... if you don't want whats good for the people of the USA why on earth would you post here? Are you just a religious bigot, or worse, are you one of those rich greedy bastards we have these days. the way i see it, you have to be one or the other. Either way you're a traitor to this nation.
@greatpower20 Hah! Hahahah! =) You don't even understand the words you're using! Pffft! Hahahah! And then I'm a traitor? ROFL! You're still in highschool, aren't you? Leave the political and religious slander to the grown ups. =)
@Milesdavis2998 You're the idiot who wants to combine church and state, something the Constituion you claim to support, and the Declaration of indepence both state are wrong. And as to my age I will use a quote from a man named sophocles, im sure you respect the ancient greeks. "If I am right and I am young, does that make me any less right"
@greatpower20 Yep, you've got to be in highschool. Old enough to have an opinion without any experience to give it any foundation. I didn't say anything about "Church and State" and the Greeks were a bunch of "Boy Lovers." You go ahead and 'spoon' with your buddy, I'll pray for ya. =)
@Milesdavis2998 Hmm... so the society that invented democracy is one that you can mock. See, if someone doesn't have any experience here it's probably you. And you directly said "My beliefs are a far cry different than what's good for the people of the USA" Now, at least Glenn Beck would say he was going to help some people or something, but you admitted the truth of the conservative movement. You don't care about anyone, you're only afraid of change. Btw as far as experience 2 words George Bush
@greatpower20 You mock your own society, so do us a favor and go live like a Greek somewhere else. Grow up, get a job and do something for your government and for your country. And yes, I have a very healthy fear of our government involving itself in every aspect of my life. It's just not necessary and it isn't healthy for the US. And if all you do is blame Bush, then your no better than our current administrations and their finger pointing positions. Oh and currently you owe $42,000 to the gvt
@Milesdavis2998 Now, as far as how you think it isn't healthy for the government in our lives, of COURSE i don't want it in anyone's life completely. But cmon, nobody truly wants that, you've just been sold that Obama and the liberals all want to control every aspect of your life in a Dystopian Style, which is far from the truth. As to my comment about Bush, that was merely so I could point out that A. I am a high schooler B. I still have experiences and have a grasp on my own opinions.
@greatpower20 A good gasp is just that, good. Participation is best and being proactive gives meaning to the wisdom you obtain by getting involved. Schooling, self-education and so on is only one-half of the equation. Few understand the amount of effort it takes to obtain the other half. When you get that far, we'll have this conversation again.
@Milesdavis2998 Participation? What are you talking about there oh great pompous one? Participation, as in being forced to live under a tyrant who is killing Habeas Corpus, or Participation as in working at soup kitchens for the very people who he ignores.
The "rich" people are business owners. And when you increase their taxes they have to either fire people or raise prices to stay in business. That hurts the economy and starts a downward spiral. History has shown time and time again that lower taxes across the board (especially on businesses) increases general prosperity - while raising taxes kills jobs, bankrupts business, lowers government revenue, and so on.
@Eterna1Soldier You do realize that trickle down economics has never worked once when it was attempted, right? Do I need to point out how many times it's failed, for example, Bush tax cuts, which even Bill O'Reilly said wouldn't produce wealth. Sorry but if nobody has money to consume the goods of a business, guess what, that business won't make any money. Thus creating ANOTHER spiral downward.
@greatpower20 It's not a far stretch from the truth. They already force us to spend money on what they want us to spend it on, Tax dollars going to special interest pork projects as well as money going to an ineffectual and horrendously abused social security program. Forcing us to spend money on Government health care. They have tried for decade to control our gun rights and freedom of speech. Hell! they even control how we take a shit nowadays or do you not remember the Clinton toilets?
@superjump01 Yes, yes, Clinton toilets are funny. Now as to your idiotic gun rights stuff... name ONE state where guns were completely illegal. Just name one, in fact, name one bill in any state (passed or not) to take away gun rights. Nobody's trying to take away your guns, sorry. As to the rest of that, assuming you aren't dirty rich, you probably get about 90% of your tax dollars back from the government, again, you have no point. Btw, Trickle Down theory has never worked, not even once.
@greatpower20 Apparently you don't understand the concept of TRIED. They are still to this day trying and anyone who would refute that is either a complete idiot or a pompous ass.
@superjump01 Ok then, allow me to refute it this way. Find me a non-passed bill that "tried" to stop all gun rights, just find one for me, please. I would just LOVE if you could find it, even if it's held up in committee I'd be amazed. Btw, the burden of proof rests on your shoulders, not mine.
Seriously? It was prefrozen! And if you can't understand that it means that he froze it BEFORE (probably the night before) he tapes the video! Doesn't take a rocket scientist to figure that out dimwit.
This comment has received too many negative votesshow
using 48 cups to demonstrate 3.7 trillion really under-exaggerates the situation. That tiny ice cube is still more money than most people see in a lifetime. there is no possible way that we can pay back this deficit in one lump sum and there is no way we could have cut the spending. how would you like to live in a country that didn't protect the workers job by bailing out the big companies. What republicans are really bitching about is that the President is a democrat.
His Christian faith totally destroyed by number 666 being published on the media front pages along with his victory news
Obama has 7 beliefs: the Antichrist's 7 heads of the Beast (Communism, Islam, Christianity etc....); 666 ruined his life, spread it to everyone like lightning
Rev. Ch. 13: Ver. 3, "and I saw one of his heads as if it had been slain and his fatal wound was healed, and the whole earth was amazed and followed the beast"
PLEASE DONT READ THIS. YOU WILL GET KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF YOUR LIFE. TOMORROW WILL BE THE BEST DAY OF YOUR LIFE. HOWEVER IF YOU DONT POST THIS COMMENT something bad will happen. NOW UV STARTED READIN DIS DUNT STOP THIS IS SO SCARY. SEND THIS TO 5 VIDEOS IN 143 MINUTES WHEN UR DONE PRESS F6 AND UR CRUSHES NAME WILL APPEAR ON THE SCREEN IN BIG LETTERS. THIS IS SO SCARY CAUSE IT ACTUALLY WORKS THIS ACTUALLY WORKS
Rev. Ch. 13: Ver. 3, "and I saw one of his heads as if it had been slain and his fatal wound was healed, and the whole earth was amazed and followed the beast"
Obama has 7 creeds/heads (Islam, Communism etc...) of which one, Christianity, was fatally "wounded" when Lottery's 666 Satanical # was drawn and shared front pages' news with his victory headlines, thus cursing and revealing him as evil SATAN
@NamchuWangden so you're saying satan (obama) is a multi-headed demon, where each of his heads are actually the 7 major religions? if thats the case, wouldn't christianity, and therefore, the bible, be "of the devil"? furthermore, wouldn't that make the bible a satanic book, in which you quote and follow as if its true? you must be a devil worshiper. have fun in hell, heathen.
If we supposedly have trillions of dollars to throw down the toilet, the least we could do is parcel out the $200 million it would take to harden our nation's electrical grid. If we were hit with another solar radiation storm today like the one that hit in 1859, this country would be plunged back into the dark ages overnight. Think of months without power or food refrigeration. This is easily preventable, and unlike most government spending programs, it would only have to be done once.
That's why we have a service that watches space weather. When this stuff happens they shut down or lower the power on things that can be effected. Things like satellites and power substations. Most small devices and appliances would not be effect because there is not enough current to cause a short during the particle storm. In a major power down some people will loose power of course, but it's only for a short period of time and most major damage would be overted.
Yea great idea except for the fact that these bozos want to control every thermostat through a "smart grid". We need less intrusion in our freedoms not more!
You know they won't do one without the other is my point. But yes I agree it needs to be updated to withstand the EMF flux. I read where 2012 might be around the time the sun hits its largest cycle.?.
I totally agree. The more freedom we give up, the closer we are to Communist-Socialism. And when that happens, our constitution will be hanging by a thread.
They say the active jobs are well over 50% government employment. Counting the State and local gvt. jobs it would be much higher than that. obama is in bed with big labor bosses now, so if he can gain control of the remaining work force obama will be our FIRST SOCIALIST DICTATOR.
SO Regan was right the LIBERAL DEMON-CRATS have became the socialist party in America. HAIL hussein obama.
I'm very liberal and this is a great vid. The spending freeze really is a drop in the ocean so it's good to demonstrate this perspective. That said, cancelling the stimulus would be crazy.
Why would canceling the stimulus be crazy? It would be a start to prosperity in my opinion. This new budget will expand government and stifle private sectors. This is BAD for America.
I don't see how the stimulus will stifle the private sector, most of the stimulus projects are in areas that predominately bring in much of the nations GDP that have been hit hard during the recession. If anything this should help the private sector, but yes I will agree this will expand the government. That acts on the assumption that either side of the political spectrum acts to reduce government, and that reducing government is desirable.
The problem lies with the true outlay of the stimulus; it was primarily government job creation on the state and federal levels. Some infrastructure jobs were created but at an enormous cost; something like $400,000 per job. This is why letting the free market create jobs from tax incentives leaving government static. This is the opposite of what government wants.
The more significant impact of this is that there will not be a second stimulus as some economists are calling for. Republicans only become deficit hawks when they are in the minority. They don't understand keynesian economics at all and overheat the economy with deficit spending and tax cuts for the wealthy. All that money we saved for the wealthy went into investments in china and india. Feeling ripped off yet?
They understand Keynesian economics. They just don't believe that bs. Keynesian economics would say that it would be worth it to pay a guy $500,000 to literally torch $3,000,000 in a fire........or in Obama's case, paying a company $3,000,000 to build a bridge for turtles.
There are many different economists who believe many different things. The democrats don't understand that there are other, better economists than John Maynard Keynes.
You mean like Milton Friedman? People like him think the entire universe should be privatized. They have absolutely no concept of public property, like AIR. Those idiots will be happy when we're all buying bottled water because they've destroyed the reservoirs. They have no problem systematically destroying the planet in order to eliminate the competition, except to mention in passing that there are "problems with externalities". No fucking shit, sherlock.
You show a complete lack of understanding of Keynesian economics by your statement. Keynesian economics simply finds the best time for the government to invest in the infrastructure. What ever happened supply and demand? Seems to me you get the best cost for projects when unemployment is high. Government invests in long term projects, not flimsy marketing where the company goes belly up if it can't sell a thousand units next week.
AP ALBUQUERQUE, N.M. President Barack Obama is seeking increased funding for nuclear weapons research and security programs next year, even as his administration promotes nonproliferation and has pledged to reduce the world's stockpile of nuclear arms.
I thought Odumbo was a no nuke guy who could just by his presence make Iran & Russia give up their nuke goals?
The question is: When are we going to raise taxes to pay for these wars? The US has had a War Tax for every major entanglement since 1812 (with the exception of this one). I don't think we've ever cut taxes and went to war before. Wars are bloody expesive.
On top of that, he's cancelled 5 years of work on the Constellation program which is our effort to return to the moon, mars and beyond. NASA spins it nicely, but the fact is, this guy has no concern whatsoever for the future of this country, nor the scientific achievements to be had in this regard. We are soon to be relagated to a nation of has beens rather then a nation of pioneers and explorers constantly pushing back the boundaries of our existance
@onesys01 - We can return to that at a later time. Now is not that time. The budget is a more pressing issue than space exploration, and if we truly *NEED* space exploration, the Private Sector will find a way to do it without Federal Government spending.
Let's stick with the budget analogy. You earn 2,250 each year. You spend 3,578 each year. To bring you closer to even, you cut a program said to cost 8 a year, in a strategy to cut 75.
And for reference, you already owe 14,079. Cut it.
I think it is telling of what responses I am getting here. The audience is clearly one-sided, which shows the messages' roots are probably also one-sided. Despite the only actually good response coming from the author himself.
Also, please save your WWII references for more appropriate contexts.
Alright, this has been blown out of proportion and I am not going to answer every single totally bone-headed claim about me being one-sided or simple minded. My point was not to start a debate about who does a good or bad job. Or what my motivation is. Or where I get my information. My point was simply that not everything is all bad. Judging by the many responses here I obviously hit a nerve with exclusively right-wingers and thought that the audience of this channel was a little more diverse.
It may be a lot of right wingers, but there is also a fair amount of people who have been jolted awake to realize that our Congress and Presidents are screwing us over. They are taking away freedoms every day and telling us how we should live our lives. It has to stop, and we (the People) need to put a stop to it.
This isn't an exclusively right-wing phenomenon. There's no love lost for the neocons among the people who are now protesting the current spending binge. If anything, I'd say what we're seeing is something akin to a libertarian awakening in this country, people wanting a smaller federal government with less influence over our lives. You don't have to be a conservative to support sound fiscal policy, but since the announcement of Obama's $3.8T 2010 budget, I'd prepare for more of the same.
Another excellent vid Pennies. Keep 'em coming. Visual representations of government spending is the only way to get to some people. Who is Jjohn Galt indeed.
The Salahi's were NOT illigal tresspassers to the white house. They were simply UNDOCUMENTED tresspassers and as such should be given food, education and free health care
soon, the entire senate and the president and his czars, will be frozen , packed in ice and sent to the high artic where they will either freeze to death or become walrus food.
Obama increases War funding. ALL spending goes through the roof wth Obama. 9,000 pieces of pork in the last bill going for 20,000 in this budget!
Obama is Chief Porker, Bag Man and he still cannot run a snowball stand. Big increases in War spending, where are Code Pink and Cindy Sheehan? Can you imagine what it would've been if he had not been given the Peace Prize?
It's pretty hard to present any aspect of our growing national debt in a positive light. These are things we may not want to hear, but it'll come back and bite us in the ass if we don't do something about it right now.
lmao when the country was going down the drain before Obama came in too office everybody was a go on the stimulus now that it,s looked okay for a little while every one is asking why did we need the stimulus again bunch of hypocrites.it was not started by obama
wherenwhen 3 months ago
@wherenwhen I was never for any stimulus or bailout; in fact after 11Sep's impact on the airline industry I was of the opinion that the airlines should make it (or not) on their own. Yes, one [possible] immediate results of such a stance regarding airlines would be a lot of people getting laid off; but it would also allow new and small companies to take their place, and that would lead to competitive pricing.
OneWingedShark 3 months ago
@OneWingedShark did we need any kind of stimulus in anyway when the economy was spiraling into chaos and besides none of this was caused by the President. The bailout of those big company's should never have happen but when you have company's or banks who were doing shady business practices because they saw a sucker and accumulated excessive waste as far as capital and lets be honest at that point in time it seemed like every company was going to fold it turned out great not the 1930's.
wherenwhen 3 months ago
OR we could get the money the banks owe us. No offense but it seems in all of your videos you blame Obama for all of our problems, bush has more stake is this.
yo45cool1 7 months ago
Love visuals.
MrJoeLiberty 8 months ago
I was under the impression tnhat the Laffer curve and "trickledown economics" was discredited as an economic theory. Guess I was mis-informed. Can you point me to the empricial studies verifying what you say.
macroman52 10 months ago
You can also save more by increasing taxes. Does that rate a mention?
macroman52 10 months ago
@macroman52 He said "Even if we kept the tax cuts in the stimulus, simply not spending...." This implies even more savings if you were to increase taxes. However, tax increases do not always have a positive impact on the tax base, which is why trickle down economics works; if you lower taxes in certain brackets, it expands the tax base in those brackets, increasing the overall tax revenue.
Reilloc13 10 months ago
I cannot wait for 2012 to vote the clown we have as president out of office.
TheRewster1 10 months ago
There is no freeze, at least the military sees no such thing in existence.
beancube2010 11 months ago
Glad I never voted for obama, if I did I be feeling a bit guilty right about now
catpoOo56 1 year ago
the new freeze is the same! he just increased spending, made a new record dedicate and froze some of it at record levels!!... thanks?
JRayMalcolm 1 year ago
In this video you misrepresent the numbers again. Each cup is about 77 billion. To remove 15 billion from a cup you would have to remove 20% of the liquid. You have critical calculation mistakes in several of your videos. It is amazing how you criticise the president for misleading numbers when your visualization are also misleading.
rminsk 1 year ago
Comment removed
ObamaFansAreIgnorant 1 year ago
To continue with this thought. As we save 4 cups of blue juice Now. We will Lose 9 cups in the short to medium term, as companies go bankrupt and unemployment sky rockets. In the more longer run you better get out the buckets as we go into a deflationary spiral. I rather spend the 4 cups now!
Minethis1 1 year ago
@Minethis1 - Deflation is better than the hyper-inflation and debt crisis. Deflation got us out of the depression of 1920. Controlled deflation is the strategy we should use to get out of this situation.
If Obama's budget continues, it will increase the US debt by around 5.8 trillion in his 4 years. His total spending will be about 15.0 trillion, and revenues of about 9.2. Assuming the debt limit increases, the debt will reach 17 trillion in FY 2013.
Slipknotyk06 11 months ago
@Minethis1 - In addition, I deny your assertion that without the 4 cups we stop spending it would cause the loss of 9 cups. Keynesians have a horrible record predicting outcomes of economies. The Keynesian multipliers you use to estimate this loss don't hold water, as the Keynesian prediction was that the stimulus would keep unemployment under 8 percent. In addition, you deny the fact that much government spending is associated with a "crowding out" effect, or a negative multiplier.
Slipknotyk06 11 months ago
@Slipknotyk06 1. Let me explain this is real simple terms. there is only one piece of gold in the world and one person producing 100% out of 1 unit. They value of that unit is 1 gold. Now another person comes from outer space. Now produces another 1 unit of something. What will that unit be worth? Yes .5 gold. The output doubled but the value decreased by 50%. Is that not deflationary? Yes it is. Now efficiency doubles to 4 but their value lost 75% and now worth .25 gold. see how that works?
Minethis1 11 months ago
@Slipknotyk06 2 let's do the reverse 1 guy producing 1 unit worth 1 gold Another piece of gold is found the unit value remained constant (1 unit) but the nominal price of gold doubled. Value never changes no matter how many gold pieces you introduce. Nominal prices are irrelevant because at the end of the day you are only getting 1 unit (value). I used gold a currency here which is limited. FIAT is not limited just like output thus making it far better in accurately reflecting true output value
Minethis1 11 months ago
@Slipknotyk06 3 What is a currency A currency solves the Barter limitation. A currency is not wealth! it is a claim on human labor of output for both present and future. Through this claim a currency can accurately reflect demand of. output is limitless so must the money in order to reflect true value. (Not price! VALUE) ie a gas pump has a pressure meter that can only measure up to 1 PSI if the pump output is 10 you will never know it. Only if it is less than 1 can you know the true output.
Minethis1 11 months ago
@Minethis1 - Yes, a currency is not wealth. My standpoint is the Keynesian injection has failed to produce results. Our spending is out of control, and the reason I mentioned the 17T debt is that is the 135% debt to GDP that caused the crash of the Greek economy. We need to concentrate on slowing spending, as it's not producing results, and stop inflating our currency. Inflation doesn't MAKE us more wealthy. It makes us less.
Slipknotyk06 11 months ago
@Slipknotyk06 A recovery is not an event nut rather a process. To say it is not working is incorrect. Revolving and Household debt is contracting, Dow is at 12,200, from 6500, housing supply is decreasing to 7 months from 12, Home prices have contracted by 32%. etc The deficit does not concern us right now. We need to get the economy running on all 12 cylinders first than comes the deficit. As unemployment decreases tax revenues go up. We are not inflating stop saying that. Oil -45% Shelter -32%
Minethis1 11 months ago
@Slipknotyk06 4 This is why modern economics is based on growth. Because the Population and output is constantly growing. So the money supply must expand as well to reflect true value. If we didn't increase the money supply we would deflate (refer to Post 1) ie. If we deflated at a rate of 3% a year in just 20 years GDP would be worth 7.6 trillion 50% less eventually GDP would be worth zero. reason? Either money supply is too limited or output is less. No money to start no Biz or LAZY people!
Minethis1 11 months ago
@Minethis1 - Yes, modern economics is based on growth. But, you're suffocating growth with de-valued currency. If money becomes worth more, prices drop, and people can actually afford more. Your theory is keeping prices artificially high to induce more of the Keynesian circular cash flow. However, when you de-value your currency, prices rise, people can afford less, and bankruptcies and foreclosures rise, and banks take a hit on de-valued assets.
Slipknotyk06 11 months ago
@Slipknotyk06 1. For a currency to devalue you must also keep credit constant or expanding. Not the case today. 2. When you devalue the currency the value lost is offset by the equal supply. Coke 1920 .10 cents income per week $100 . today coke $1.00 income $1,000 end result no value loss. in other words it's a wash. 3. Take all the USD and credit held by Countries, companies and people worldwide. Take total credit contraction subtract printed money and divide that by total USD WorldW. < 1%
Minethis1 11 months ago
@Minethis1 - Inflation offsets growth. Inflation is the decrease in value of currency. If money is being printed at an excessive rate, as it is today, it can lose value. Look at the Weimar Republic for this in practice, as the Weimar printed far too much money to pay off its debt assessed at the Treaty of Versailles. In addition, this is hyperinflation, or excessive loss of value of currency that caused an economic depression. It occurred without an expansion of Credit.
Slipknotyk06 11 months ago
@Slipknotyk06 Coke 1920 .10 cents income per week $100 . today coke $1.00 income $1,000 end result no value loss.
Home prices 42% of income deflated by 32%. Oil 17% of income deflated by 44%. Where is the so called inflation you are claiming coming from? Because I just pointed out 59% of total income has deflated. Don't tell me food that represents 15% of total income because I will laugh at you. an egg going from .20 cents to 21 cents is not enough inflation to support your claims! Bad math
Minethis1 11 months ago
@Minethis1 - Where the hell are you getting your false numbers? In addition, are you trying to say that increased prices rising at the same pace as wages is the function of currency value?
The essentials for survival ARE rising in cost vs per-capita or per-household GDP currently. Food, utilities, gasoline and oil, etc. In 1991, the Average American home owner had a mortgage worth 2.5 times the household salary, by 2004, that was up to 4.3. Would this not constitute an expansion of credit?
Slipknotyk06 11 months ago
@Slipknotyk06
LOL You are too funny! False numbers? OK lets see how false they are?
Housing - Case Shiller Index 225 in 2007 today 150! a 33% Decline!
Oil - in 2007 $150 today 84.66! A 43.5% Decline!
Food and beverages - 14.795% of income!
% of income - Consumer Price Index for All Urban Consumers (CPI-U): U. S. City Average, by expenditure category and commodity and service group
Honestly you need to give it up. I am getting tired of your Illogical arguments. Dow at 12,200!
Minethis1 11 months ago
@Minethis1 you sure you want to talk about oil? I still can't sell my house to take a better job unless I want to take a $30k hit. Tell me where you live, b/c it must not be in this country if things are going so great for you. Are you a homeowner? STFU and go hop back on your unicorn and jump over some more rainbows.
devilsadvocatenow 10 months ago
@devilsadvocatenow Things are going great for me. Why b/c I do not look for hand outs from the Gov, or someone to give me a job. I earn it. If You hand me lemons I will make lemonade and sell it. Unlike YOU! I don't cry or blame others. I know my limits, I use all recourses to make the best possible decisions, objectively w/ Risk/reward, Risk management, patience, Proper math (unlike you), Delegate authority, and I accept the fact I will not always be right! You are a looser and always will be!
Minethis1 10 months ago
@Slipknotyk06 Actually, the point you are citing there is not so much an expansion of credit as a removal of restrictions on bank loans. Expansion of credit would imply that the credit ceiling had been increased, however this was not done. Instead, under Clinton (who otherwise didn't do so bad on the budget side of things, thanks to a balanced government), banks were allowed to lend to anyone, enabling people to purchase homes of much higher value than previously possible.
Reilloc13 10 months ago
@Slipknotyk06 The problem with this of course being that people who take out loans on houses far above their income level often go "under water." Another side effect is that once loans become unrestricted, housing prices will also increase, as people are able to mortgage homes they could not previously buy, and the market reflects this by increasing price as a buyer flood hits the market. This is where the housing bubble came from. Spoiler alert: it popped.
Reilloc13 10 months ago
@Slipknotyk06 So, in short, it was not an expansion of credit that occurred, but rather a removal of restrictions and fail-safes that kept the housing market stable.
Too Long Didn't Read; Removing restrictions on loaning is not the same as expanding credit.
Reilloc13 10 months ago
@Minethis1 yeah, the economy is fuckin awesome. Everything is fixed. We all know you are just some college kid who is taking a few economics and ethics classes. Go out in the world and get a real job and buy a fucking house (5 years ago) and then come lecture us about how fucking great things are. Bitch.
devilsadvocatenow 10 months ago
@devilsadvocatenow College kid? Well thank you I am actually much older and I have 1200 people working for me. You do not know what a recovery looks like I suggest you Walk outside and take a picture of it. A Recovery is process you goober not an EVENT! You are a first class looser that would not recognize an opportunity if it hit square in the middle o your forehead. You would rationalize it to death and then say "that's why it would not work!" You don't have the Balls to be a entrepreneur!
Minethis1 10 months ago
@Slipknotyk06 Completely false statement! Because You assume that the supply will remain constant and the population. Not the case! As I proved in my part 1 of my post. Inorder to increase value of a currency you must limit it. If you do that you fall into a deflationary spiral where the less you produxe the more it is valued. Ask the former Soviet Union They will tell you all about it. As more and more people hold on to dollars since the supply is shrinking jobs decrease and so does pay! circle
Minethis1 11 months ago
@Minethis1 - That's the thing, you're assuming fall into a deep deflationary spiral.
When you run deflationary rates of 1-2%, this causes an increase in the value of personal savings, which can cause elevated spending and economic activity as prices begin to naturally fall.
I'm not advocating deflation rates of 15-20%. You've kinda strawmanned me here. I said controlled deflation.
Slipknotyk06 11 months ago
@Slipknotyk06 5 since we know a currency express demand we also know that the demand is subjectivve and emotional. Austrian and Keynesian cannot stand on their own. One needs the other to survive. No economical school with a boom bust build into it can be correct. A perfect economical theory would not have a boom bust. Hence both schools are wrong and right.The reason we cannot have a perfect economical theory is because of Human emotion. No theroy can predict emotions accurately Fear and Greed!
Minethis1 11 months ago
@Minethis1 Demand is NOT subjective NOR emotional. Demand is CONSTANT, and essentially unlimited. People always want more than they currently have.
What is NOT constant is supply, supply of jobs, and supply of affordable goods. there's always a demand for bread, but if there's a shortage of bread leading to $100 a loaf prices, people are going to buy tortillas instead. You're trying to make yourself out to be objective, when you are no such thing.
Slipknotyk06 11 months ago
@Slipknotyk06 Supply of jobs is based on demand of goods and services. If an Iphone was selling for $10,000 demand would low and Less jobs. If price was $100 demand would be high many jobs. Do not try to confuse what is simple by mix matching the Elasticity of demand to Inelastic with your bread analogy. Inelastic to Elasticity is bad math. Iphone to Blackberry and Water to bread. Like I said No theory can predict Human emotions accurately Fear and Greed! This is a fact that cannot be disputed.
Minethis1 11 months ago
@Minethis1 - I'm sorry, but you're denying the basic rules of capitalism here.
You're assuming with your iPhone example that the company does not have the ability to make the product profitable at a lower cost. If it does, then it will start moving stock at a lower price, in order to reach a higher total profit with sheer numbers sold. If the iPhone isn't a better value per the price than the Blackberry, demand does not decrease. It shifts. Demand is still unlimited, market-share is not.
Slipknotyk06 11 months ago
@Slipknotyk06 You are taking the Iphone example out of context. The point is you are comparing Elasticity of demand to Inelastic. Food is Inelastic and Ipones etc are Elastic. Demand for Iphones in Egypt is not the same as it is in the US. Thus making your comment that demand is constant untrue. Demand for Food in Egypt with the Demand of Food in the US is almost Constant. You need to spend some time learning what Elasticity of demand is to better understand what I am saying.
Minethis1 11 months ago
@Slipknotyk06 6 Lastly to deny my assertion is a mute point. Facts are Dow up to 12,000, a 100% gain on an Index not a stock INDEX unheard of. Revolving Credit contracting down, Unemployment rate down 9%, Personal income UP, Personal savings Up, Exports Up, GDP Up, interest rates low, 71% of all companies reported thus far Beat earnings expectations! Dollar index true value DX 2008 .78 2009 .78 2010 .78 2011 .78. with highs of .88 in 07, 08, 09, 2010. You need to rethink your economic theories!
Minethis1 11 months ago
@Minethis1 - Wow, ad hoc fallacies are abundant here. 71% of all companies beat earnings expectations because they expected an additional 5% to go towards taxation. Unemployment is NOT down by 9%, it's still 9.6-9.8, and before the rash spending it was at 3-4. Personal savings are unrelated to Government Spending, and GDP is primarily up because of the spending, however adjust for inflation and GDP is still trending down marginally. And I'm the one that needs a re-think? WOW!
Slipknotyk06 11 months ago
@Slipknotyk06 Really? Why Because you say unemployment is 9.8 makes it true? Go to the published number and reread it again. Who expected the additional 5%? The whole planet knew it! Personal savings are up so is Personal spending what does that tell you? Yes recovery you can say it don't worry I already know it. GDP is down?? What inflation rate are you using? Let me guess a rate you think right? A recovery is a process not an Event! Again to deny my assertion is a mute point. Dow 12,000 plus!
Minethis1 11 months ago
@Minethis1 - Look at BLS (Bureau of Labor Statistics) numbers. Unemployment is AT 9.8% in the U.S.
Personal savings are UP because taxes did not go up. People prepared for taxes to return to Clinton-era numbers.
CPI went up 6% last year, dashing the increase in GDP. It went up 4% the year before, again dashing the (tiny) increase in GDP. This inflation means that REAL GDP is still trending down.
Dow is irrelevant. Commodities are skyrocketing, Cotton alone 125% in 6 MONTHS!
Slipknotyk06 11 months ago
@Slipknotyk06 Unemployment Rate: 9.0% in Jan 2011 here is the link w bls dot gov.
Personal income is up! You cannot change that.
CPI is 2% You cannot change that either.
GDP up 3.2% Can't change this either.
Cotton (a single commodity)compared to an index is bad math. Cotton to AAPL, FFIV, NFLX, CMG, Citi group, Ford, AMZN and another 150 other stocks are more accurate comparison. All of them Blew the doors off of Cotton. Again you can't that fact! Your math is very bad work on it
Minethis1 11 months ago
Why don't you add some George W Bush videos? Like the 2001 Tax Cuts, 2003 Tax Cuts and all the George W Bush bailouts?
centenosparky 1 year ago
You can see it for yourself by googling the tax rate of the USA over the past 100 years. Currently we have one of the lowest tax rates in the last century.
Increasing taxes in the early part of the century lead to the 'great compression' which was the start of the middle class in the USA. Before those taxes, we had the rich and poor and nothing between.
Currently the USA is heading back to the times where there is no more middle class. Raise taxes to save the middle class, please!
bdhcarbon 1 year ago
@bdhcarbon - Oh wow, where do I start? You're pushing an ad hoc fallacy. Correlation does not equal causation.
If you want a more accurate picture, look at the expansion of Private Sector GDP. This expansion is most rapid over times of lower taxes, and this DOES coincide with expansion of the middle class coincidentally.
Increased taxes will do nothing but harm the upward mobility of the middle class, and expanding downward mobility, thus creating the effect you seek to avoid.
Slipknotyk06 11 months ago
To think, people are being taxed 40 percent of their entire income, when our ancestors rebelled against a 5 percent tax on tea and stamps.
Baileysmaker 1 year ago 2
@Baileysmaker most of the 1st world countries spend greater than 50%. We are consistently one of the lowest taxed peoples in the world.
If you dont like it, maybe you should go live in a few countries that dont have any taxes and see how nice it is to live there.
You people really need to get a clue.
bdhcarbon 1 year ago
@bdhcarbon Lol, play fair man. I don't support the wars in the middle east so I don't think I should get taxed for them. What's so crazy or hard to understand about that?
DatDereBlueRidge 1 year ago
@bdhcarbon If you think its so great to be taxed 50 percent why don't you live in one of those great countries that do tax that much? I heard Greece is doing pretty well right now
Baileysmaker 1 year ago
They already tax the hell out of us. They can't do that anymore
NeuterSkooter 1 year ago 2
America should increase a little bit more taxes, with their current taxes, there not going to pay for medicare and stuff like that...
DoNotLaughAtMe 1 year ago
I don't understand much. But to me it's clear Obama is not here to save the country but only to stablize it. It's going to take more years and presidents to fix and restablize the economy. People are holding him too high expecting him pull miracles out of a hat forgetting is he just a man and not alone. Many maybe disappointed but change comes with time and harsh change.If things and things don't shape up now, America I feel could be in for more than a depression. Everyone should come together.
shirleysw21 1 year ago
Or we could abolish the 14,-27 amendment if we created a 28 amendment that eliminated the unconstitutional 14th amendment never ratified by the president and only23 states out or the 37less that 3/4 required that existed back then This was debated on the House floor on June 13 1967 of the 90th congress in session. Taxation should only come from impot and excise taxes and the differance made up by dividing the adult population by the money owed in that month.
deathmarch5 1 year ago
Is there anything that can be done, do we the people have any say anymore?
TheRoboto21 1 year ago
@TheRoboto21 did we ever have a say
TruthRealm 1 year ago
I didn't have anything against the Patriot act because I don't have anything to hide. Sounds like you might, though. =) Tax cuts for the rich in order to help make jobs is a LOT different than bailing out businesses and ridiculous government spending. You should checkout Steven Crowder's page and actually see what Obama bailed out. It's kinda scary.
Milesdavis2998 1 year ago
Obama is a joke...The only thing he is changing is the ruin of america. We needed someone else to take over...The main problem is the fact that 80% of americans are idiots and don't pay attention. The 20% of us that do pay attention and try to explain to the other 80% just get shunned and are told that the government would never do anything wrong. We the people.....NEED TO PAY ATTENTION AND STOP BEING STUPID.
cglave1351 1 year ago
that was not a terrible joke...it was a great joke :-))))))
TheTwistedGypsy 1 year ago
This may be true, however, as the GDP increases the government will get more money overall, meaning that this will save money and decrease the debt in the long term, not the short term.
greatpower20 1 year ago
@greatpower20 Don't forget that when you make more money, you spend more money. Same goes for the Government.
Milesdavis2998 1 year ago
@Milesdavis2998 why do you republicans ALWAYS compare real life to the government? now, as the unemployment rate decreases, due to the stimulus (we added 260,000 jobs last month) we will spend less on unemployment benefits, and thus lower the deficit even more.
greatpower20 1 year ago
@greatpower20 Wow, you must be a real winner in the classroom, kiddo.
1st. "You Republicans" that's profiling and totally against the law.
Answer: Currently registered as an Independent. I vote on good ideas, not bad politics.
2nd. "Unemployment Rate Descreses" means going from 9.midrange to 9.highrange makes you a mathematical genus on the level of Will Hunting who is also imaginary, btw. Statement 1 + Comparison 2 = You're a freggin idiot.
3rd. "We" ? We who exactly?
Please elaborate.
Milesdavis2998 1 year ago
@Milesdavis2998
A. may i rephrase then, you conservatives, as you feel that calling you a republican would be degrading.
B. that was correct actually, since if the government isn't stupid enough to keep increasing spending on unemployment benefits, we'll save money there
C. we means the U.S. and thus the american taxpayers
greatpower20 1 year ago
@greatpower20 Being called Republican isn't degrading.
'Since' and 'if' don't belong together grammatically.
Jobless Benefits have been extended.
Speak for yourself. A very large percentage of people are speaking for YOU and are doing their best to leave you in the dark on the information passed into law. How does that make you feel? To be honest, it pisses me off because our representatives are NOT representing us, they're doing their best to think FOR us.
Milesdavis2998 1 year ago
@Milesdavis2998 oh wah, i don't use perfect grammar.
Yes I know, but paygo was also put in, which means that the budget can't increase.
and the last point you have is completely idiotic, as i happen to read a good portion of the bills passed into law, ever heard of govtrack? you can read any proposed amendment, bill, or law
greatpower20 1 year ago
@greatpower20 Call me old fashioned, but I print out the Bill and break out the highlighter/pen combo and read the entire thing, not portions. Then I make note of the items I have questions on and then... wait... why are we discussing stuff both you and I can't change or manipulate? Even if you find something you don't agree with, who are you going to call to get your voice heard and are they really gonna care what you think? Idiotic or not, you elected official doesn't care about you.
=P
Milesdavis2998 1 year ago
@Milesdavis2998 Oh really, see i disagree with that. My representative holds my same values, well at least my representative in the house. I hate the two idiots we've got in the senate. I live in the Third Kansas District, and the man we elected has the values of the people at heart, or at least it seems like that, due to his voting record.
greatpower20 1 year ago
@greatpower20 Pffft! Hahahah!
Be ye not deceived!
Matthew 7:15-17 "Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves. Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles? Even so every good tree bringeth forth good fruit, but a corrupt tree bringeth forth evil fruit."
My beliefs are a far cry different than what's good for the people of the USA. At least I understand this. Do you Mr. Kansas? Be Weary.
Milesdavis2998 1 year ago
@Milesdavis2998 Oh so instead you take what god says as fact... good job. lets not make this argument about religion... but really... if you don't want whats good for the people of the USA why on earth would you post here? Are you just a religious bigot, or worse, are you one of those rich greedy bastards we have these days. the way i see it, you have to be one or the other. Either way you're a traitor to this nation.
greatpower20 1 year ago
@greatpower20 Hah! Hahahah! =) You don't even understand the words you're using! Pffft! Hahahah! And then I'm a traitor? ROFL! You're still in highschool, aren't you? Leave the political and religious slander to the grown ups. =)
Milesdavis2998 1 year ago
@Milesdavis2998 You're the idiot who wants to combine church and state, something the Constituion you claim to support, and the Declaration of indepence both state are wrong. And as to my age I will use a quote from a man named sophocles, im sure you respect the ancient greeks. "If I am right and I am young, does that make me any less right"
greatpower20 1 year ago
@greatpower20 Yep, you've got to be in highschool. Old enough to have an opinion without any experience to give it any foundation. I didn't say anything about "Church and State" and the Greeks were a bunch of "Boy Lovers." You go ahead and 'spoon' with your buddy, I'll pray for ya. =)
Milesdavis2998 1 year ago
@Milesdavis2998 Hmm... so the society that invented democracy is one that you can mock. See, if someone doesn't have any experience here it's probably you. And you directly said "My beliefs are a far cry different than what's good for the people of the USA" Now, at least Glenn Beck would say he was going to help some people or something, but you admitted the truth of the conservative movement. You don't care about anyone, you're only afraid of change. Btw as far as experience 2 words George Bush
greatpower20 1 year ago
@greatpower20 You mock your own society, so do us a favor and go live like a Greek somewhere else. Grow up, get a job and do something for your government and for your country. And yes, I have a very healthy fear of our government involving itself in every aspect of my life. It's just not necessary and it isn't healthy for the US. And if all you do is blame Bush, then your no better than our current administrations and their finger pointing positions. Oh and currently you owe $42,000 to the gvt
Milesdavis2998 1 year ago
@Milesdavis2998 Now, as far as how you think it isn't healthy for the government in our lives, of COURSE i don't want it in anyone's life completely. But cmon, nobody truly wants that, you've just been sold that Obama and the liberals all want to control every aspect of your life in a Dystopian Style, which is far from the truth. As to my comment about Bush, that was merely so I could point out that A. I am a high schooler B. I still have experiences and have a grasp on my own opinions.
greatpower20 1 year ago
@greatpower20 A good gasp is just that, good. Participation is best and being proactive gives meaning to the wisdom you obtain by getting involved. Schooling, self-education and so on is only one-half of the equation. Few understand the amount of effort it takes to obtain the other half. When you get that far, we'll have this conversation again.
Milesdavis2998 1 year ago
@Milesdavis2998 Participation? What are you talking about there oh great pompous one? Participation, as in being forced to live under a tyrant who is killing Habeas Corpus, or Participation as in working at soup kitchens for the very people who he ignores.
greatpower20 1 year ago
@greatpower20 "He" as in Obama?
Milesdavis2998 1 year ago
@Milesdavis2998 He as in George W. Bush, the president that the Patriot act was passed under, and tax cuts for the rich as well.
greatpower20 1 year ago
@greatpower20
Tax cuts for the rich? *Sigh
The "rich" people are business owners. And when you increase their taxes they have to either fire people or raise prices to stay in business. That hurts the economy and starts a downward spiral. History has shown time and time again that lower taxes across the board (especially on businesses) increases general prosperity - while raising taxes kills jobs, bankrupts business, lowers government revenue, and so on.
Google "trickle down economics"
Eterna1Soldier 1 year ago
@Eterna1Soldier You do realize that trickle down economics has never worked once when it was attempted, right? Do I need to point out how many times it's failed, for example, Bush tax cuts, which even Bill O'Reilly said wouldn't produce wealth. Sorry but if nobody has money to consume the goods of a business, guess what, that business won't make any money. Thus creating ANOTHER spiral downward.
greatpower20 1 year ago
@greatpower20 Grasp, not gasp. =)
Milesdavis2998 1 year ago
@greatpower20 It's not a far stretch from the truth. They already force us to spend money on what they want us to spend it on, Tax dollars going to special interest pork projects as well as money going to an ineffectual and horrendously abused social security program. Forcing us to spend money on Government health care. They have tried for decade to control our gun rights and freedom of speech. Hell! they even control how we take a shit nowadays or do you not remember the Clinton toilets?
superjump01 1 year ago
@superjump01 Yes, yes, Clinton toilets are funny. Now as to your idiotic gun rights stuff... name ONE state where guns were completely illegal. Just name one, in fact, name one bill in any state (passed or not) to take away gun rights. Nobody's trying to take away your guns, sorry. As to the rest of that, assuming you aren't dirty rich, you probably get about 90% of your tax dollars back from the government, again, you have no point. Btw, Trickle Down theory has never worked, not even once.
greatpower20 1 year ago
@greatpower20 Apparently you don't understand the concept of TRIED. They are still to this day trying and anyone who would refute that is either a complete idiot or a pompous ass.
superjump01 1 year ago
@superjump01 Ok then, allow me to refute it this way. Find me a non-passed bill that "tried" to stop all gun rights, just find one for me, please. I would just LOVE if you could find it, even if it's held up in committee I'd be amazed. Btw, the burden of proof rests on your shoulders, not mine.
Btw, I thought common values of america
greatpower20 1 year ago
Seriously? It was prefrozen! And if you can't understand that it means that he froze it BEFORE (probably the night before) he tapes the video! Doesn't take a rocket scientist to figure that out dimwit.
benw52592 1 year ago 2
i think he was using sarcasm?
DoomHamster5197 1 year ago 3
FAKE! Water doesn't freeze that fast!
Yyyyzyyy 1 year ago
MAKE A CHANGE IN CHINA !!!
w w w . ALF . us . ms
heartforanimals 1 year ago
Search The Rothschilds Exposed
or check out my channel!
goeleet 1 year ago
Yep. Obama trying to pull the wool over our eyes.
iron1215 1 year ago 22
Great video. Can't favorite it for some reason.
gfreakj 1 year ago 6
Comment removed
gfreakj 1 year ago
Great video. Cant favorite it for some reason .
gfreakj 1 year ago 3
This comment has received too many negative votes show
using 48 cups to demonstrate 3.7 trillion really under-exaggerates the situation. That tiny ice cube is still more money than most people see in a lifetime. there is no possible way that we can pay back this deficit in one lump sum and there is no way we could have cut the spending. how would you like to live in a country that didn't protect the workers job by bailing out the big companies. What republicans are really bitching about is that the President is a democrat.
Tatrer 1 year ago
Tea party congres with steak and lobster and an entrance fee of more than 500 dollars??????
hor1001 2 years ago
The difference is, they did it without federal subsidy. Who's to complain? All participation was direct and completely voluntary.
FreemanicParacusia 2 years ago
This has been flagged as spam show
larisalarine82
OBAMA HAS FATAL HEAD-WOUND OF BIBLE
His Christian faith totally destroyed by number 666 being published on the media front pages along with his victory news
Obama has 7 beliefs: the Antichrist's 7 heads of the Beast (Communism, Islam, Christianity etc....); 666 ruined his life, spread it to everyone like lightning
Rev. Ch. 13: Ver. 3, "and I saw one of his heads as if it had been slain and his fatal wound was healed, and the whole earth was amazed and followed the beast"
BeastObrahma 2 years ago
what is a meredith r
m3axedout99 2 years ago
This has been flagged as spam show
PLEASE DONT READ THIS. YOU WILL GET KISSED ON THE NEAREST POSSIBLE FRIDAY BY THE LOVE OF YOUR LIFE. TOMORROW WILL BE THE BEST DAY OF YOUR LIFE. HOWEVER IF YOU DONT POST THIS COMMENT something bad will happen. NOW UV STARTED READIN DIS DUNT STOP THIS IS SO SCARY. SEND THIS TO 5 VIDEOS IN 143 MINUTES WHEN UR DONE PRESS F6 AND UR CRUSHES NAME WILL APPEAR ON THE SCREEN IN BIG LETTERS. THIS IS SO SCARY CAUSE IT ACTUALLY WORKS THIS ACTUALLY WORKS
nickelhoops12 2 years ago
This comment has received too many negative votes show
@k1oik OBAMA'S FATAL WOUND EXPLAINED: BIBLE !
Spread worldwide Worst-Case scenario
Rev. Ch. 13: Ver. 3, "and I saw one of his heads as if it had been slain and his fatal wound was healed, and the whole earth was amazed and followed the beast"
Obama has 7 creeds/heads (Islam, Communism etc...) of which one, Christianity, was fatally "wounded" when Lottery's 666 Satanical # was drawn and shared front pages' news with his victory headlines, thus cursing and revealing him as evil SATAN
NamchuWangden 2 years ago
Come on now, it was Kissinger back in the 80's and somebody else in the 90's. We he gets healed from a head wound I'm with ya but not before.
quickboat22 2 years ago
@NamchuWangden so you're saying satan (obama) is a multi-headed demon, where each of his heads are actually the 7 major religions? if thats the case, wouldn't christianity, and therefore, the bible, be "of the devil"? furthermore, wouldn't that make the bible a satanic book, in which you quote and follow as if its true? you must be a devil worshiper. have fun in hell, heathen.
dogg646465 2 years ago
dogg64
the creeds of the antichrist are horrid because he mixes them until they have no further meaning at all
they've been betrayed, corrupted and deceived by this beast, to his own sole benefit
when he rules, by his downfall, all faiths and creeds will be discredited and all religion destroyed for having spawned such evil
all will carry the responsability of creating the antichrist - SATAN
get ready, his jailing, trying and sentencing'll be ruf
NamchuWangden 2 years ago 2
I likey likey!
quickboat22 2 years ago
What the blazes are all of you making so much sense at this hour for? Wake me when the sarcasm is over.
TweetDeckTV 2 years ago
If we supposedly have trillions of dollars to throw down the toilet, the least we could do is parcel out the $200 million it would take to harden our nation's electrical grid. If we were hit with another solar radiation storm today like the one that hit in 1859, this country would be plunged back into the dark ages overnight. Think of months without power or food refrigeration. This is easily preventable, and unlike most government spending programs, it would only have to be done once.
FreemanicParacusia 2 years ago
That's why we have a service that watches space weather. When this stuff happens they shut down or lower the power on things that can be effected. Things like satellites and power substations. Most small devices and appliances would not be effect because there is not enough current to cause a short during the particle storm. In a major power down some people will loose power of course, but it's only for a short period of time and most major damage would be overted.
cbremer83 2 years ago
Yea great idea except for the fact that these bozos want to control every thermostat through a "smart grid". We need less intrusion in our freedoms not more!
quickboat22 2 years ago
Couldn't agree more, but these are two completely separate things we're talking about.
FreemanicParacusia 2 years ago
You know they won't do one without the other is my point. But yes I agree it needs to be updated to withstand the EMF flux. I read where 2012 might be around the time the sun hits its largest cycle.?.
quickboat22 2 years ago
I totally agree. The more freedom we give up, the closer we are to Communist-Socialism. And when that happens, our constitution will be hanging by a thread.
wolfpaw69 2 years ago
They say the active jobs are well over 50% government employment. Counting the State and local gvt. jobs it would be much higher than that. obama is in bed with big labor bosses now, so if he can gain control of the remaining work force obama will be our FIRST SOCIALIST DICTATOR.
SO Regan was right the LIBERAL DEMON-CRATS have became the socialist party in America. HAIL hussein obama.
harrygabc123 2 years ago
The Stimulus is all part of the Keynesian bullshit theory about spending money to fix a broken economy. It's economic homeopathy.
SuperSmashDolls 2 years ago
Keep 'em coming Pennies, so simple, and insightful.
WorldVenturesTV 2 years ago
I'm very liberal and this is a great vid. The spending freeze really is a drop in the ocean so it's good to demonstrate this perspective. That said, cancelling the stimulus would be crazy.
CJQuinn 2 years ago
Why would canceling the stimulus be crazy? It would be a start to prosperity in my opinion. This new budget will expand government and stifle private sectors. This is BAD for America.
quickboat22 2 years ago 2
I don't see how the stimulus will stifle the private sector, most of the stimulus projects are in areas that predominately bring in much of the nations GDP that have been hit hard during the recession. If anything this should help the private sector, but yes I will agree this will expand the government. That acts on the assumption that either side of the political spectrum acts to reduce government, and that reducing government is desirable.
fsufan850 2 years ago
The problem lies with the true outlay of the stimulus; it was primarily government job creation on the state and federal levels. Some infrastructure jobs were created but at an enormous cost; something like $400,000 per job. This is why letting the free market create jobs from tax incentives leaving government static. This is the opposite of what government wants.
quickboat22 2 years ago
The more significant impact of this is that there will not be a second stimulus as some economists are calling for. Republicans only become deficit hawks when they are in the minority. They don't understand keynesian economics at all and overheat the economy with deficit spending and tax cuts for the wealthy. All that money we saved for the wealthy went into investments in china and india. Feeling ripped off yet?
j0hnwi11iams 2 years ago
@j0hnwi11iams
They understand Keynesian economics. They just don't believe that bs. Keynesian economics would say that it would be worth it to pay a guy $500,000 to literally torch $3,000,000 in a fire........or in Obama's case, paying a company $3,000,000 to build a bridge for turtles.
There are many different economists who believe many different things. The democrats don't understand that there are other, better economists than John Maynard Keynes.
mrrjenkims 2 years ago
You mean like Milton Friedman? People like him think the entire universe should be privatized. They have absolutely no concept of public property, like AIR. Those idiots will be happy when we're all buying bottled water because they've destroyed the reservoirs. They have no problem systematically destroying the planet in order to eliminate the competition, except to mention in passing that there are "problems with externalities". No fucking shit, sherlock.
j0hnwi11iams 2 years ago
You show a complete lack of understanding of Keynesian economics by your statement. Keynesian economics simply finds the best time for the government to invest in the infrastructure. What ever happened supply and demand? Seems to me you get the best cost for projects when unemployment is high. Government invests in long term projects, not flimsy marketing where the company goes belly up if it can't sell a thousand units next week.
j0hnwi11iams 2 years ago
Don't worry, not even this much is going to happen. The republicans won't allow it to happen.
Boomer1949 2 years ago
damn really only 447 million.Shit he must be stupid.Hey why dont run and change the world with video.YEAHHHHHHHHH!!!!!!Dipshit
blueoctober7 2 years ago
AP ALBUQUERQUE, N.M. President Barack Obama is seeking increased funding for nuclear weapons research and security programs next year, even as his administration promotes nonproliferation and has pledged to reduce the world's stockpile of nuclear arms.
I thought Odumbo was a no nuke guy who could just by his presence make Iran & Russia give up their nuke goals?
dkkght46 2 years ago
another great vid!
buddhajapan 2 years ago 2
The question is: When are we going to raise taxes to pay for these wars? The US has had a War Tax for every major entanglement since 1812 (with the exception of this one). I don't think we've ever cut taxes and went to war before. Wars are bloody expesive.
tekjanson 2 years ago
Not nearly as expensive as another attack on the US.
tomwtrevor 2 years ago
End aid to Israel - worst money ever spent in history. Paying them to stab us in the back. Thanks to all those "dual citizens" in "our" government.
ScottfromTexas 2 years ago
ibn baraka al hussein islamobama has what it takes to take what you've got
jinx13big 2 years ago
On top of that, he's cancelled 5 years of work on the Constellation program which is our effort to return to the moon, mars and beyond. NASA spins it nicely, but the fact is, this guy has no concern whatsoever for the future of this country, nor the scientific achievements to be had in this regard. We are soon to be relagated to a nation of has beens rather then a nation of pioneers and explorers constantly pushing back the boundaries of our existance
onesys01 2 years ago 16
Gotta make the payments to Israel - Americans can suffer.
ScottfromTexas 2 years ago
@onesys01 Wow another person who agrees with me completely
ObamaFansAreIgnorant 1 year ago
@onesys01 - We can return to that at a later time. Now is not that time. The budget is a more pressing issue than space exploration, and if we truly *NEED* space exploration, the Private Sector will find a way to do it without Federal Government spending.
Let's stick with the budget analogy. You earn 2,250 each year. You spend 3,578 each year. To bring you closer to even, you cut a program said to cost 8 a year, in a strategy to cut 75.
And for reference, you already owe 14,079. Cut it.
Slipknotyk06 11 months ago
Political mathematics - sheesh! I always wondered if revisionist math was anything like revisionist history. Now I know.
WandaHopeCarter 2 years ago
another home run.
jcruenv 2 years ago 3
I think it is telling of what responses I am getting here. The audience is clearly one-sided, which shows the messages' roots are probably also one-sided. Despite the only actually good response coming from the author himself.
Also, please save your WWII references for more appropriate contexts.
NewMozart 2 years ago
I wouldn't use a world war two reference either. I would however point out the dangers of a possiable coming Wiemar Republic senerio. Pre-hitler.
frednoname1 2 years ago
Alright, this has been blown out of proportion and I am not going to answer every single totally bone-headed claim about me being one-sided or simple minded. My point was not to start a debate about who does a good or bad job. Or what my motivation is. Or where I get my information. My point was simply that not everything is all bad. Judging by the many responses here I obviously hit a nerve with exclusively right-wingers and thought that the audience of this channel was a little more diverse.
NewMozart 2 years ago
It may be a lot of right wingers, but there is also a fair amount of people who have been jolted awake to realize that our Congress and Presidents are screwing us over. They are taking away freedoms every day and telling us how we should live our lives. It has to stop, and we (the People) need to put a stop to it.
tuanische 2 years ago 4
This isn't an exclusively right-wing phenomenon. There's no love lost for the neocons among the people who are now protesting the current spending binge. If anything, I'd say what we're seeing is something akin to a libertarian awakening in this country, people wanting a smaller federal government with less influence over our lives. You don't have to be a conservative to support sound fiscal policy, but since the announcement of Obama's $3.8T 2010 budget, I'd prepare for more of the same.
FreemanicParacusia 2 years ago
lmao im not a right-winger, you are just a fucking idiot
idiallin 2 years ago
great visual thanks!
ofcccaddy2004 2 years ago 3
Politicians need to be forced into part-time...
Despiser25 2 years ago 5
Another excellent vid Pennies. Keep 'em coming. Visual representations of government spending is the only way to get to some people. Who is Jjohn Galt indeed.
renegade2142 2 years ago 2
you know I love you right? you rock the fiscal...
krisidious 2 years ago
The Salahi's were NOT illigal tresspassers to the white house. They were simply UNDOCUMENTED tresspassers and as such should be given food, education and free health care
flowerpower6161 2 years ago 4
The proposed spending freeze while a nice first start is really like POURING DROPS OF HOT WATER ON A GLACIER TO TRY AND MAKE IT MELT.
flowerpower6161 2 years ago 3
soon, the entire senate and the president and his czars, will be frozen , packed in ice and sent to the high artic where they will either freeze to death or become walrus food.
SHMUJEW 2 years ago
Wishful thinking. They'll get promoted to world government positions.
renegade2142 2 years ago
wasn't that the ending to, THE BLOB? :)
flowerpower6161 2 years ago
very wishful thinking.
tuanische 2 years ago
another hit! thanks 10kp!
Ecosse57 2 years ago
Your videos Rock. Have you thought about joining PJTV?
MrMDK187 2 years ago
Obama increases War funding. ALL spending goes through the roof wth Obama. 9,000 pieces of pork in the last bill going for 20,000 in this budget!
Obama is Chief Porker, Bag Man and he still cannot run a snowball stand. Big increases in War spending, where are Code Pink and Cindy Sheehan? Can you imagine what it would've been if he had not been given the Peace Prize?
dkkght46 2 years ago
@dkkght46 Obama, the Peace Prize winner, is also spending more $ on nuclear weapons that Bush did, yet it was barely mentioned in the news.
NCMan28025 2 years ago
haha i love your videos man. I feel so much smarter after I watch one. It also really helps to have things in perspective like that!
cowtipper11 2 years ago 3
love these
BostonDFi 2 years ago
@NewMozart, 1:18
halofanatic87 2 years ago
This comment has received too many negative votes show
Point taken.
Still the general statement is negative. I'd just like to get a video about visualizing something positive for once. Can't all be bad, right?
NewMozart 2 years ago
It's pretty hard to present any aspect of our growing national debt in a positive light. These are things we may not want to hear, but it'll come back and bite us in the ass if we don't do something about it right now.
FreemanicParacusia 2 years ago 3