Deficits are Bad, but the Real Problem is Spending

[themistermand]

Anyone not voting for Ron Paul needs to watch this!

[wppw123]

Outstanding information and put in a way that the lay person can understand it and done very clearly. Everyone needs to understand these concepts at a very minimum before they can say they understand what the problem is. And if you don't understand the problem, how can you assess any solutions presented.

[shadowthehedgehog181]

The real problem is freedom. IT's the reason how we're in this mess; voting for sucky leaders based on popularity. We need people to tell us what to do. Why else is America the Great Satan and China is becoming a better superpower?

[NiceGuyCody]

@shadowthehedgehog181

"Why else is America the Great Satan"

Iran calls us the "Great Satan" because we don't do things like stone adulterers, homosexuals and non-Muslims.

Are you trying to suggest we SHOULD do these things?

[urbanverificationist]

After WWII nearly half of the country worked under a union contract and tax rates for the wealthy were 90%.

Stop trying to police the world with economic hitmen and murdous jackles, reduce the military budget by 85%, and introduce a progessive tax system without loopholes and tax havens for the wealthy.

Cato's arguments are duplicious. First they demand lower taxes to reduce revenue, then they complain that we haven't the revenue stream to pay our debts.

[REDBIT1234]

YOUR RIGHT TAXES WONT HELP and the goverment isent forced to pay depts

so they can have depts forever

[v1f9]

"Reagan proved deficits don't matter."

- Dick Cheney 2004

[DarthByss]

@SonnyTheWhiteDwarf it was sorta necessary. Hitler, Italy, and Japan were kinda the mess left by Woodrow Wilson and his unnecessary WWI debacle.

[debtconsolidationloa]

You can discuss the many-we must look and listen!

[vandebtreduction]

cool!

[debtsettlementbest]

I like that everything is well founded on certain data, statistics is well

[NewRevolutionLeader]

Our government has been corrupt for decades now and will be corrupt and out of control until revolution comes. Obama lied about most things he is no different than the Bushes, Regan, Carter, Clinton. They are lie to get voted in and do not do shit. Let's have a revolution and kill the party system and then vote on characters and beliefs not parties. WE THE PEOPLE can fix this problem not the government and do not believe any politicians they are paid liars by lobbyists.

[prodigee411]

@NewRevolutionLeader You're not using critical thinking. You don't have control over your emotions and all your comment is, is an emotional rant. Give facts to support your statements.

[NewRevolutionLeader]

@prodigee411 Emotions is the best thing to use when making decisions sometimes and when it comes to health care and bailing out corporations I'm going to always be pissed off with or without facts. Also, remember being Patriotic is an emotion and without it non of this country would exist and if it would of it would be British ruled. People like you try to slander people when in reality all you do is try to help out corrupt government and private corporations and health care you make me sick.

[Rico8458]

but then again we have a african kenyan immigrant negro mulato ex moslem puppet president in the white house today. end of story. we are doomed.

[highwater03]

@Rico8458

A African? lol

Or an African?

Learn how to form your words better, then run your mouth.

[Rico8458]

yes, the more you tax and the higher taxes will not help anyone but only bring us much faster to ruin. the key is no taxes and less tax. then we can spend more.

[Rico8458]

obama and bush = amos and andy

[Traveler2112]

Very good. Straightforward. No spin. Thanks.

[IdiotsForObamaCom]

IDIOTS4OBAMA COM

[globbo100]

The current crop of politicians, banksters and bureaucrats know that the financial system is going to collapse eventually and are therefore positioning themselves to make off with as much of the American peoples' money as possible before it does so.

[fortsmith1]

I can't spend mouch money anymore so maybe the goverment can slow down also.

[dpiddy022]

it was a mistake for the US to enter both of the World Wars. In fact, had the US not intervened in WWI, the treaty of Versailles would not have been so harsh and the Nazis' rise to power could have been averted. Another thing about WWII, we should have let the Nazis and Soviets fight it out instead of backing the murderous dictator, Stalin.

[globbo100]

Your right. When the western democracies declared war on Germany for its' invasion of Poland, Hitler turned on his generals and asked "what do I do now?", as he believed no one would declare war on behalf of Poland, a country he so desperately wanted as an ally in his invasion of the USSR. So, in order to protect his western flank, France and the minor countries had be invaded. America's only legitimate fight would have been with the Japanese.

[xleax]

Excellent analysis.

[diah4]

They are living beyond their means, just like those millions of Americans that are suffering right now. We all know how that ends up.

[Truthpolice9698]

Excellent as always!

[toothbeaver]

Well whatever the case may be go out this holiday and buy a new car and soem jewelry or the terrorists win! The fact that all the jobs are overseas and America produces nothing but debt may also be a part of the problem. That and lazy ass Americans accepting whatever the upper 1% lets drop out of their hands without saying a word, just keep humping that american dream folks, you will be rich and the country will be in great shape just keep getting unemployment and waiting for it to end

[quizerry]

WW2 was paid for through high taxes and 85 million Americans who bought 167 billion in war bonds. People saved their money during the war because they could not spend it. After the war taxes were lowered and people could then buy cotton, leather, wool, automobiles and on and on.

FDR spent huge amount of money that kept us in the depression 8 years longer then should have been. We are making the same mistake.

[mredstriumph]

I've got news for you.. FDR is STILL spending money - Social Security + Medicare + Federal & State Pensions now have over $107 TRILLION in unfunded liabilities

WW2 left USA in great position - every industrial competetor was lying in smoking ruins + Europe lost an entire generation of workers. Our resources & industries let us spring into a lead no could catch

But now? We've gone from the worlds largest creditor to the worlds largest debtor in 1 generation & Only option is2 default

[gundamnduke0]

i thought the us is waiting for the usd value to drop so that we pay less for the debt we owed. i mean think about it, u owed somebody 1 pound of gold, then u pay him back with 1 pound of silver. thats wat the us government is thinking, we owe 800 billion dollars or sumthing, but by the time we pay the 800 billion back, that 800 billion is worth 400 billion as of the value now rite now. smart asses the politicians, so bush isnt quite that stupid, hes a smart ass

[mredstriumph]

Bush? Bush is a piker. Take a look at this:

Google: "CNN bailout tracker"

It doesn't count the $1.1 Trillion we just spent on 10 new govt agencies this week; $155 "Jobs" Stimuls - also this week; Fed Govt buying $1 Trillion in student loans a month ago; Take over of healthcare; Plus all the debt from a economy where no1 is hiring & economic activity is stalling = budget shortfalls

Research Cloward-Piven; Alinsky; John Maynard Keynes currency quotes;

Its a classic Leninist revolution

[Aeschylus]

Very good video, as always.  (And your production value is improving!)

[theknightlynews]

This is why there is two Americas. One wants to preserve the traditional America of free markets and low taxes, the other wants a command economy, for which government spending is a feature, not a bug.

[ErikNikolai]

Exactly, and the only true "class war" is between the producer class and the looter class. Between the people who create value, and the people who only take it away.

[a4finger]

Great video

[freshdesh]

very good video! Thank you!