"Liberals" failed to clean up the Conservative mess. America needs a massive kick in the ass. And they will inevitably get them when their corruption collapses under its own weight...
@DavidMadsen Washington? Congress and the White House are both in Washington, D.C. Wall Street is the name for the large financial district in Southern Manhattan, New York City. This is where the New York Stock Exchange and the Federal Reserve Bank of New York are located. Also the World Trade Center used to be there, and it is where it is being rebuilt. That's where all of the criminals are located who stole what money the middle class had left. Should be ground zero for the revolution lulz
@DavidMadsen Congress is the legislature, where laws are written. Congress is made up of two houses, The Senate and the House of Representatives. Each state in the U.S. has two senators which represent them in the Senate. But in the House, each state has a different number of representatives, based on population. For example, California has 53 Representatives because it has such a big population, but Wyoming only has one because it has a small population. Together, the two houses are Congress.
@DavidMadsen I'm going out to lunch with my wife right now, but I will give you a more detailed answer later. You could check out the wikipedia article on the United States Congress if you like.
A bill is a potential law that's being debated. First, the bill is introduced in the House by one or more Representatives. The Democrats and Republicans argue over it for a while, then they might send it back to a committee for changes until one side thinks they have enough votes to get it passed. Then it goes to the Senate where they debate over it, vote, and if it passes there it goes to the President (in the White House) where he can pass it or veto (reject) it.
However, Congress (both houses) can override the President's veto if 2/3 of the Senate and 2/3 of the House of Representatives vote to do so, but this is very rare as it is incredibly hard to get 2/3 of Congress to agree on anything.
@DavidMadsen You can PM me if you have any more questions, I would be happy to answer any of them that I can. My wife is actually from another country, and I enjoyed teaching her about the structure of government and politics.
Yeah, and Ron Paul also wants to abolish the EPA and Dept. of Education. Yes, his philosophy SOMETIMES let's him think and say awesome things, but dude's just as crazy as his kid, Rand, who's just as crazy as the worst of 'em, only Rand is somewhat more bought by the corporations!
Remember, it was Rand who defended slavery by arguing that "the government can't infinge on racists' right to discriminate!" And doesn't that ultimately sound like the current Republican rhetoric taken to i
A good summery that I read about the dept. decision to be voted on today is whether the family (ie: government) which has choosen the Mercedes over the Lamborgini (as it's much more practical) should go ahead and buy the Mercedes, or stick with their drivable/ serviceable Honda. What got us into this mess is the false assumption that money can be created out of thin air.
See... what I'm concerned about is the US filing for bankrupcy - which they could. It would effectively send the world into an economic crisis, and honestly, probably start a whole lot of wars..
At least Obama has vetoed any solution that doesn't include extra taxes for the rich. That's a small step on the way.
YT - I'd like to hear what you have to say on the international consequenses on this stuff, rather than regular old politician-drama.
in 2009 Ron Paul warned that Obama was approching the recession the same way FDR was, and it would just continue the recession and even make it worse. now, in 2011, we see once again Dr Paul was right. Obama said it would go down to 8% jobless, 2 years ago! It is now 9.2% (really about 16% if you count the ones who gave up looking, but the white house wont count those!), and getting worse. Face it, Obama doesnt know what the fuck he is doing, will you listen to Ron Paul for gods sakes?
Cenk, how long is the economy "Bush's fault"? When does the bad economy become Obamas economy? Ever? Will Obama ever get credit for this economy, or can he govren 8 years and get zero blame for the shit economy?
@calimar28 - Every president has made mistakes. Including Teddy Roosevelt and John Kennedy. No one is perfect. However Obama did not take office until 2/2009, and Bush was in power before then. In 2008, unemployment rose on average by 34.5%. The Rise in Unemployment was cut down to just 26% in 2009 (the 1st year of Obama presidency). Though decried for GM Bailout, GM has recently shown profit 1st time in many years, saved many jobs (now hiring), & paid back USA "Loans" (Debt, not Equity).
This guys says that the republicans always blame the democrats. He comes up these "facts" that are bullshit anyway and then blames the republicans. What a hypocrit. Fuckin mainstream media...
@DeepSouth16 compainies go overseas so they can rape pillage and operate as total dictators ie german documentary "lets make money"(have in german and english) the us has laws so no matter how low your taxes they will still go overseas because they can completely control entire countries! I don't say this the 50 billion dollar hedge fund managers say this in thier own word on this documentary! can you take it from the horses mouth!
Greenspan said to the Senate that a Small tax cut only if-and-only-if the law ensured the Tax cut eliminated if the surplus needed to cover social security was in trouble. Clinton and Greenspan together targeted US Surplus to save Social Security. Deficit started 1 Month after Bush signed into Law.
@mgmontini1 Get used to it, the Bush tax cuts will stay and not a damn thing you libs can do about it! HA! You know why we teaparty will keep it in place? Because we believe that tax brackets are immoral and unconstitutional, thats why. We will always be for the lowest taxes possible for EVERYONE, because the current tax system is god damn immoral.
@calimar28 - So obviously you want the portion of the deficit associated with it even though 20% of the tax cut went to the top 2% of the population (multi-millionaires) & the bottom 40% of the population (Mostly Middle class - some "poverty") got only 9% of the tax cut. Yet the Tax cut was responsible for a rise in the deficit in government operations of about $1.3 trillion. This is what is so great?
The US has business taxes and regulations so the company can pay their share and workers will be treated like human beings. The rich businesses sold-out their own country so they can have more money and buy nice houses...where? in the US of course.
Thank you, Cenk! Finally, someone that is willing to lay it down. It sickens me that no one on major news outlets are pointing this out (but not surprised). They decided to spend their time covering Obama's no vote on the debt limit in 2006. We need a President with Paul Krugman's brain and Anthony Wiener's balls!
Secondly, the last thing to cut is education. Health care is a luxury, primarily taken advantage of by old people. When it comes down to it, building the future is far more important than preserving the past.
I'm a liberal, but I still agree with the TP in that something serious needs to be done about the deficit. I think the tax cuts that we've had are good to keep in place. I think we need to cut spending and balance the budget. The first thing to cut is defence, second is entitlements. Then from that point, we can increase spending in proportion to growth in the economy, while maintaining our current tax rates.
@M1008BOV China is consuming healthcare, telecommunications, and education, faster than US growth by double digits. The number of scientific papers out of China is second only to that produced by the US; but expect that to change soon. China is not just a source of cheap labor anymore, it is now a gigantic domestic market ripe for exploitation. That is why GE, McDonalds and Ford are moving operations to Asia for growth. GE paid 0 corp. US tax 2010, so the issue isn't taxes, it's growth.
@DeepSouth16 The TP has done a great job of exploiting the racism, homophobia, fear, and religious intolerance of America's ignoramuses. Anyone who thinks that education and healthcare are not the primary defining issues of our time knows nothing. Ford, Walmart, Apple, McDonalds all are investing in Asia and South America. These economies will provide for 60-70% of the planned growth for these co.s over the next few years. All of our tax cuts are being captilized in foreign coutries.
@MrJeggus He's telling the truth from his limited extremest point of view. They are not at all forcing the same agenda. If it weren't for the tea party the parties would have met, added in all the goodies they wanted, and passed a budget long ago. The only group looking to do what is right and standing in the way of business as usual, are the tea party candidates. I would rather we default than allow the old guard to continue to rape us.
@FactChecking101 Wrong. Stenny Hoyer passed Pay-Go (again) prior to the TP Taliban elections in 2010. Pay-Go was responsible for the first budget surplus since Truman for the Clinton admistration during its last three years. It was "expired" first thing after GW Bush took office. The death of Pay-Go, and the unfunded creation of massive tax-cuts, precipitated an immediate resumption of deficit spending. In the wake of 2010 TP elections, those unfunded tax cuts were forced again by Republicans.
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Cenk is a liar. What he isn't telling you is that we have gutted the Republican party and put in tea party fiscal conservatives. The Democrats, who controlled the congress for the last 2 years of Bush and 4 years total spent MASSIVE amounts of debt and did NOTHING to reduce debt or close the tax loopholes. They are a bunch of clowns and it's time to fire them like MSNBC fired Stenky.
USA do not have an Army anymore just a large mercenary group to plunder the world for resources and other wealth. Since they are all volunteers and paid to do the fighting that's why you do not have any roits or protesting. Because the rich owns the Army we should just go ahead and turn the military over to the Blackwater and let the rich pay for it not the taxpayers because all our armies are for now is to plunder the world.
This deficit really began by these millionaires,Wall Street bankers for gambling the $,more $ on the Military Industrial Complex,these politicians bailing out these people I just mentioned and Obama being a spineless bitch by quickly agreeing to these whackos in Washington,DC.
Why is this suddenly a problem? In Bush’s 8 years the gross public debt as a percentage of GDP went up an average of 1.82%. In 2008 & 2009, when Obama was elected and the Democrats held the House, Senate, and White House, the average has been an intolerable 16.81%. The debt has increased $4.3 trillion in just 2 years. In 2010 alone the Democrats issued as much new debt as all the other Governments of the world combined.
@moosepok Did you miss the first 2 minutes of this video? If January 2009 was a clean slate you might have the ghost of a point. Why do you think the Republicans, who are so outraged by debt, are planning (and going to achieve) a tax cut extension for the top tier that on its own would add $857.8 Billion?
Bill Clinton was in office from 1993 - 2000. For 5 of his 8 years (from 1996 – 2000) the gross public debt as a percentage of GDP went down. That led to a budget surplus from 1998 – 2000. But what many people fail to acknowledge is that the Republicans controlled both the House and the Senate from 1995 – 2000. Those surpluses were a result of budgets passed by Republicans. Clinton was merely the final signatory.
Poor Sink, he really has to make sure he kisses Obamas butt now that they made an example of him at MSNBC. Youtube is the only place he has now and he has to make sure Obamas Brownshirts don't get him kicked off here too.
You know, we can keep saying "Look back at Bush's presidency", which we all know is how everything ended up becoming shit. No matter what, people will always blame Obama even though he never made it, yet inherited it from Bush's hands. If I do see another "now let's not look back in the past", my point has been proven.
and in the end, both parties are fucked. congratulations, because you refused to look past you similarities and differences (which are incredibly miniscule) and just unite as one american people with one goal in mind, success. You kids are a failure, keep it up dems, repubs... you're both going to kill america together. Way to go team
The budget is set in the house of representatives. They own the budget the president has very very little to do without outside of signing. The Dems have been in charge of the house since Nov 2005. In Nov 2005 the deficit was at 8T. Now it is at 14.5T. So with Dems in charge in just 6 years the budget deficit has increased by 6.5T. The Dem leadership and Dem votes did this not the GOP who was not in power.
Who held both house of congress for a large majority of the 20th century? I rest my case. Though Repubs are still to blame because they went along with a lot of it over the years, but Dems are the front runners because they ran every damn thing for so long and guess what when Obama Care hits the shelves in 2014, say goodbye to ever distinguishing the deficit.
We need to scrap the entire tax code. We need a flat tax on all income with no exemptions or credits. Deficit is the result of both parties, not one. The government should NOT be allow to manipulate the free market and free people with the tax code. It is discriminatory and wrong to tax one person at one rate and someone else at a higher rate simply because they worked hard and made more money. The market with fix this if we get the government out of the way.
Economic crisis has become the Republicans new North Star. If they can create a crisis, they have their rationalization for cutting the programs they have been after from the beginning. Never was this so transparent as in Wisconsin. Their Governor gave away to the rich almost the exact amount he said accounted for the depth of the crisis. Economic crisis in now the environment that the GOP likes best. Since their plans seldom have advantages for people who are not rich, they need to scare us.
Lemme guess? The Repubs take all the blame......young turks in a nutshell. ridiculous. Why cant he admit all of them suck the very life out of liberty.
@Panchee123 Did u even bother watching the video? If you had, you would know that while he calls Repubs frauds, he said that the blame lies with both Dems AND Repubs.
@elkadir70 But almost 1/2 of the debt has been racked up under the Dem rule of the House and Senate starting in 2006. The GOP has been a small party to this national travesty.
"There's no democrats/republicans, there's no fiscal hawks, there's no people who care about the budget in Washington. They only care about agreeing on screwing all of us and making sure that the money gets redistributed up to the rich and the most powerful people in the country."
I've been saying that very same thing for quite some time now. Washington is not the place where America is run - that would be Wall Street.
I agree that the Repubs caused the deficit to expand so much, but you really need to get the difference between debt and deficit. All you talked about was total cost of these programs so far - well, that's debt. Deficits are how much you borrow *each year*, so to actually give the impression you know what you're talking about, you should have been quoting yearly costs as a percentage of Gross Domestic Product.
I've given up with the media knowing anything about economics, though.
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I love what Adrian Salbuchi said about the economic situation of the world right now (and I've got to paraphrase a little here, because I don't remember it perfectly).
"All gains are privatized, all losses are socialized."
@somethinguncreative I do hope that you understand that isnt capitalism where "All gains are privatized, all losses are socialized." i'll be happy if you did.
@fabes0011 From what I understand, Salbuchi was commenting on the economic situation. I didn't personally infer that he meant capitalism, but maybe he did or maybe he didn't.
I think both parties created the deficit because they are both owned by the super wealthy and the super powerful. And the super wealthy like to spend other peoples money, as well as keep their own at the detriment to the people who need help.
I say fuck the debt ceiling if China wants us to pay back our debt to them they should take the money from our cold dead bodies after they nuke us. hehehehehe.
Like a bunch of little kids that is what these assholes are !!!!!!! You did it,noooo it's your fault.No no you did it.No it's not my fault because you started it.AH AHH YOU ARE DOING IT SO NOW IT'S YOUR FAULT. what the fuck!!! Who cares who started it ? fix it !!!!!!!!!!!!!!!!!!!!!!!!!!!!
@Andy180084 Those are great solutions you proposed... too bad the insane right wing would consider those solutions to be a communist plot by Obama, which would in most likely force Obama to do the EXACT opposite of what you proposed.
@Andy180084 NASA!?!? NASA's budget 0.53% of the budget(2011) you are smoking crack cocaine my friend. NASA is not a spending problem, if anything it needs a larger budget. NASA is not useless, it represents the precipice of human existence.
@803brando i never said anything about cutting staff or projects at nasa, merely the multi-million dollar flights they take... and only temporarily ;)
@Andy180084 the "multi-million dollar flights" are all funded by a budget. do you know how a budget works? those flights have NO negative impact on our lives what so ever. I suspect you do not know the scope in which this country operates.
@Andy180084 you do realize that nasa costs you 1 half of 1 penny. nasa brought you cell phones, gps, microwaves, lasers (which led to cd's dvd's etc). you realize all of those things have made america assloads of money? nasa by far returns much more than it costs.
@13lackLight you do realize manned space flights is what made all of what i listed happen? the space race created all of those things. some of it by accident, like the g force suits, and the memory foam. microgravity research has created alot of things too. like synthetic plastic micro ball bearings which can be used in place of oil and is much MUCH more efficient as a lubricant and lasts much longer. not economically feesible as of yet. but that's just one example.
@kingbane2 yea but that was when all that stuff needed to be invented. Not saying manned space flights contribute nothing anymore but they are no where near as potent as they were in the past times you are describing. NASA has many other ways to contribute to technological development as they do with new innovations that don't deal with manned space flights that have been going on for 40 odd years.
@13lackLight so because nasa discovered a bunch of stuff that was "needed" means they wont ever discover anything new? what new innovations have nasa done? high efficiency solar panels, microscopes used in nearly ever lab in the world, state of the art optics used in fashion, movies, pretty much anything video/photography related. early warning systems for solar flares which keeps north america's energy grid from frying itself every year.
@kingbane2 most of what was discovered back then was needed to do the manned space flights. Now most of the technology required for manned space flights has been invented. A lot of the inventions you are talking about don't have much to do with manned space flights.
@Andy180084 but why not raise taxes for the rich ? You make good points on how to cut spending, but if the entire point of having lower taxes was to help job creation and we now know(well some of us have always know) that was a lie. Whats the point in keeping it lowwer for the rich than for the Poor?
i dont think I as a college student should be paying more percentage wise than some one making 8 or 9 million a year.
@VivaArsenal4 i agree they should be legal and monitored closely, but that doesn't really help the gov unless the tax on marijuana/sexy time transactions would be sky high.
@Andy180084 I agree we do a lot more. Close all mil bases overseas..build more bases in the US and help local econ and provide jobs, training, etc...if the rich landholders complain take the land by eminent domain. Some tariffs but not too high. Rich pay more taxes and not hide money in other countries (they take advant of cheap labor and taxes so more money here) Raise min wage and for all workers including illiegal. End all tax loopholes. All gov't contracts not paid more than bids - loss.
@Andy180084 Moron, gas tax raise is a tax on the poor and working class. Why do you need to cover the ass of the super rich with your tongue? The rich shit too, if you haven't realized yet you will soon enough.
@tooosweeet covering the rich with what? Economists have been proposing a fair tax, whether flat or negative income for decades. The progressive tax has failed, too many loopholes, unfair percentages of income, promotes tax havens...
2) Car pool, take a train, bus, gas efficient vehicle.
simplified tax code without absurd breaks for giant corps = good idea
regressive "fair" tax = bad idea that sounds good to morons and the wealthy.
You're a douchebag if you think low class people should somehow carpool everywhere. Train and bus system freaking SUCKS in the US and is non existant in many suburbs. In US, life is shit without a car, and a poor family can't run out and buy an snobmobile. It the US had middle income growth people could start clean energy startups.
@tooosweeet that is why the US fails, no public commuter systems such as railways. If the FED would invest its money into say, subways and metros, rather than subsidies for billionaire companies, congestion would clear up and demand for oil would fall along with its price.
I never said a regressive tax at all, merely an economically friendly flat tax with high tax incentives for the lower and working class. Far less loopholes, simple, less reasons to seek tax havens.
"The idea that there may be a connection between capitalism and democracy is starting to look plausible to a number of intellectuals." - Milton Friedman
Yes. Property owners have so much wealth that politicians are forced to set their funding base as their #1 priority, instead of their voting base; because of this, democracy flowers, prospers, and develops at unprecedented levels *sarcasm*.
LOL..........How far America has fallen when our whole economy rest on collapse because of a pledge written by a corrupt Washington DC Lobbyist, Grover Norquist!
Only 1.3 trillion on the wars? Your using their numbers. It's funny how everyone leaves out the 2.8+ trillion the Pentagon can't track out of the overall cost of the wars. The (2) Bush Tax Cuts and the Reagan Tax Cuts got us into the debt were in..
You gotta get one thing straight; it's the nigger's fault; not that I don't like nigger's but this boy was born to take the blame. The presidency is a very responsible job; if there's any problems, he's responsible. And honest, we ain't even considering hanging him from a tree, on the Whitehouse lawn. Never crossed our mind.
Only 1.3 trillion on the wars? Your using their numbers. It's funny how everyone leaves out the 2.8+ trillion the Pentagon can't track out of the overall cost of the wars...
@gunsite308 It's not all, but it's significant: a deficit is the difference between spending and income, a debt being the summation of deficits. The tax cuts cost US gov't 1.4 trillion in 10 years. At the place of 14.66 trillion of federal debt, we would talk about 13.26. Now add the war on terror &it's 11.96. Use the number at the end of Bush, it's 7.71 at the place of 10.41 - Clinton quit with 5,7 trillion of debt - does not take much math to see that this was nearly-half of W's deficit.
We have been practicing Reaganomics since the 1980s. This is a "Republican" economy, and the conservatives in Congress won't allow Obama to even tweak it.
@ideasarebulletpr00f . . . .If you would ask a question that made sense, I might be able to answer. Read your comment carefully and think about who is pathetic.
@JEFF9K What did not make sense? DO. YOU. THINK. OBAMA. WOULD. DO. EVERYTHING. HE. PROMISED. EVEN. IF. HE. HAD. NO. OPPOSITION? If your answer is YES, then you are naive. See? Easy.
@ideasarebulletpr00f You start off with "What you think if" Those are the words of a retarded person! Don't bother replying. I will delete it from my mail.
@JEFF9K That's all there is. Honestly I can't blame Obama for all this, hell he's pretty much one man who can tell everyone what should be done. If no one wants to do shit, there's your problem. So we won't see any relief if people keep voting in crazy jackasses who want to make matters worse by doing nothing and voting no for everything.
Completely agree with that last line you said. Rebublicans and Democrats are at fault, but also the system itself. The way the system is set up is at fault too, to keep spending and spending with no limit. What we are in is an advanced form of slavery, keeping us subservient instead of being self determined.... Ron Paul for freedom!!! Also Dennis Kucinich for left wingers!
American men must have tiny penises behind that huge military industrial "penis complex." That could explain why 25% of all the worlds child rapists come from the US.
When Bush was in office if you spoke out against anything he wanted the right wingers would say you were being anti-american and other hateful things because he was a war president. But now that there is a democrat in office it is okay.
I'll see your red herring and raise you a strawman. Nobody is blaming it all on taxt cuts. Now, the tax cuts and the wars together account for a big chunk (not all) of the problem.
Republicans don't give a fuck about spending, if the money is going towards buying the military more toys or bombing brown people then they looove spending. However anyone who suggests that their tax dollars be put towards healthcare, education, or infrastructure is a pinko communist muslim traitor. Of course the democrats have their share of the blame, but the republicans stand out head and shoulders.
ELECT SARAH PALIN and we will have a balanced budget! The Palination will be completely DEBT FREE. President Palin will cut taxes and have the greatest surpluses!
Yes both parties are at fault Clinton left with like around a 5 trillion dollar debt and bush took that ran with it.. when he left it like pushing 12 trillion, there's a few decent statesmen from both parties but most of em are bought.. DOWN WITH THE 2 PARTY OLIGARCHY
@TheDJBeets That isn't a fact at all. Cenk has shown the numbers countless times. It's Bush's fault, Obama has to try to dig us out of that hole, but he'll a sellout too in the end and can't do it.
@TheDJBeets When Bush took office the national debt was $5.727 trillion and when Obama started it was 10.626 trillion. 10,626,000,000,000 - 5,727,000,000,000 = 4,899,000,000,000 trillion added to the debt during the Bush years. So your "~1 Trillion" is a little off buddy.
@xadam2dudex Usually when people wake up to their erroneous ideology, especial a political ideology, they realize that all ideologies are basically erroneous. The fact he moved from one extreme to the other I think only proves how deluded and susceptible he is to error and deception.
@seanlaca so u r saying that there is no right and wrong all ideology is valid ? that is the greatest erroneous ideology of all time...that is the current theme being pushed by the corporate media to help the right wing criminals.. I'd like to know where people get their ethical teachings from who believe in that intrinsic error....there seems to be no moral imperative with these people...Cenk is by no means extreme..it could only seem extreme if u are at the other end of the spectrum
Our corporate government created this deficit. War, tax cuts, deregulation and failed regulation by government thanks to corporate influence, and ZERO job growth even though most corporations and businesses are sitting on more money than any other time in history, AND they are taking more government money than any other time in history. Not too hard to figure out. The federal reserve doesn't help either, that needs to go.
The Republicans' (and a few notable Democrats) only allegiance is to Grover Norquist. As far as they are really concerned they might as well be saying "Fuck the interest of the average person, the above average person, the below average person, the old, the young, the common good, and the future of this country." The only thing that matters is the top 1-2% of the income bracket who will land on their feet regardless of the potential economic catastrophe.
Did genie say we had soaring prosperity and low unemployment at the beginning of BHO TERM. Markets were cratering jobs were being lost faster that bristol lost her virginity
This is why MSNBC kicked Cenk to the curb! TYT is too strong for primetime, The Revolution will not be televised. TYT don't need no stinking network!!!!
@Cenk Uygur you are spot on m8, hypocrisy of the worst kind, this is why Americans should not vote for Obama come the election time.
simgadraco2005 4 months ago
Who created the reccession? Wall Street! Think about it and research it. Don't be an ignorant Tea bugger when you reply!
RImusclebear1 5 months ago
"Liberals" failed to clean up the Conservative mess. America needs a massive kick in the ass. And they will inevitably get them when their corruption collapses under its own weight...
leegeorgeson 5 months ago
One thing I've wondered about for a long time is: who are the people in Washington?
Is it Wall Street, the White house, the Congress or who?
(Sorry for being so noob on that... otherwise quite versed...)
DavidMadsen 6 months ago
@DavidMadsen Washington? Congress and the White House are both in Washington, D.C. Wall Street is the name for the large financial district in Southern Manhattan, New York City. This is where the New York Stock Exchange and the Federal Reserve Bank of New York are located. Also the World Trade Center used to be there, and it is where it is being rebuilt. That's where all of the criminals are located who stole what money the middle class had left. Should be ground zero for the revolution lulz
Ryan9145X 6 months ago
@Ryan9145X
Ok, so next question, What's the difference between the congress, the senate and the "house"?
DavidMadsen 6 months ago
@DavidMadsen Congress is the legislature, where laws are written. Congress is made up of two houses, The Senate and the House of Representatives. Each state in the U.S. has two senators which represent them in the Senate. But in the House, each state has a different number of representatives, based on population. For example, California has 53 Representatives because it has such a big population, but Wyoming only has one because it has a small population. Together, the two houses are Congress.
Ryan9145X 6 months ago
@Ryan9145X Is there a difference in their functions as part of the congress?
DavidMadsen 6 months ago
@DavidMadsen I'm going out to lunch with my wife right now, but I will give you a more detailed answer later. You could check out the wikipedia article on the United States Congress if you like.
Ryan9145X 6 months ago
A bill is a potential law that's being debated. First, the bill is introduced in the House by one or more Representatives. The Democrats and Republicans argue over it for a while, then they might send it back to a committee for changes until one side thinks they have enough votes to get it passed. Then it goes to the Senate where they debate over it, vote, and if it passes there it goes to the President (in the White House) where he can pass it or veto (reject) it.
Ryan9145X 6 months ago
However, Congress (both houses) can override the President's veto if 2/3 of the Senate and 2/3 of the House of Representatives vote to do so, but this is very rare as it is incredibly hard to get 2/3 of Congress to agree on anything.
Ryan9145X 6 months ago
@DavidMadsen You can PM me if you have any more questions, I would be happy to answer any of them that I can. My wife is actually from another country, and I enjoyed teaching her about the structure of government and politics.
Ryan9145X 6 months ago
THEY ARE BOTH TO BLAME YOU IDIOT...
givemeabreak017 7 months ago
can't wait to see american join the global riot against useless puppet government.
jojoinhere 7 months ago
@claimar
...it's idealogical extreme?
macgeek2004 7 months ago
@claimar
Yeah, and Ron Paul also wants to abolish the EPA and Dept. of Education. Yes, his philosophy SOMETIMES let's him think and say awesome things, but dude's just as crazy as his kid, Rand, who's just as crazy as the worst of 'em, only Rand is somewhat more bought by the corporations!
Remember, it was Rand who defended slavery by arguing that "the government can't infinge on racists' right to discriminate!" And doesn't that ultimately sound like the current Republican rhetoric taken to i
macgeek2004 7 months ago
FUCK REPUBLICANS AND FUCK DEMOCRATS!!!!!! FUCK THEM ALL.. if this was in CHINA, they would be executed for corruption.
niamtxiv 7 months ago
let's blame the illegal immigrants for this mess Mr. Republicans as we always do
fastlane59 7 months ago
A good summery that I read about the dept. decision to be voted on today is whether the family (ie: government) which has choosen the Mercedes over the Lamborgini (as it's much more practical) should go ahead and buy the Mercedes, or stick with their drivable/ serviceable Honda. What got us into this mess is the false assumption that money can be created out of thin air.
worseorbetter 7 months ago
See... what I'm concerned about is the US filing for bankrupcy - which they could. It would effectively send the world into an economic crisis, and honestly, probably start a whole lot of wars..
At least Obama has vetoed any solution that doesn't include extra taxes for the rich. That's a small step on the way.
YT - I'd like to hear what you have to say on the international consequenses on this stuff, rather than regular old politician-drama.
TheAnMish 7 months ago
in 2009 Ron Paul warned that Obama was approching the recession the same way FDR was, and it would just continue the recession and even make it worse. now, in 2011, we see once again Dr Paul was right. Obama said it would go down to 8% jobless, 2 years ago! It is now 9.2% (really about 16% if you count the ones who gave up looking, but the white house wont count those!), and getting worse. Face it, Obama doesnt know what the fuck he is doing, will you listen to Ron Paul for gods sakes?
calimar28 7 months ago
Cenk, how long is the economy "Bush's fault"? When does the bad economy become Obamas economy? Ever? Will Obama ever get credit for this economy, or can he govren 8 years and get zero blame for the shit economy?
calimar28 7 months ago
@calimar28 - Every president has made mistakes. Including Teddy Roosevelt and John Kennedy. No one is perfect. However Obama did not take office until 2/2009, and Bush was in power before then. In 2008, unemployment rose on average by 34.5%. The Rise in Unemployment was cut down to just 26% in 2009 (the 1st year of Obama presidency). Though decried for GM Bailout, GM has recently shown profit 1st time in many years, saved many jobs (now hiring), & paid back USA "Loans" (Debt, not Equity).
mgmontini1 7 months ago
Who created it? The Zionists! LOL
davd1986 7 months ago
This guys says that the republicans always blame the democrats. He comes up these "facts" that are bullshit anyway and then blames the republicans. What a hypocrit. Fuckin mainstream media...
MrRyinoyea 7 months ago
and by the way cenk the only real journalist in america! the rest of lthem should hang thier heads in shame!
487shawn 7 months ago
@DeepSouth16 compainies go overseas so they can rape pillage and operate as total dictators ie german documentary "lets make money"(have in german and english) the us has laws so no matter how low your taxes they will still go overseas because they can completely control entire countries! I don't say this the 50 billion dollar hedge fund managers say this in thier own word on this documentary! can you take it from the horses mouth!
487shawn 7 months ago
From Alan Greenspan (The Age of Turbulence) pages:
The Deficit started with the Bush Tax Cuts! See the above reference: Pages -
Page 184-5, Page 186, Page 215, Pages 219-20, Pages 223-24!
Greenspan said to the Senate that a Small tax cut only if-and-only-if the law ensured the Tax cut eliminated if the surplus needed to cover social security was in trouble. Clinton and Greenspan together targeted US Surplus to save Social Security. Deficit started 1 Month after Bush signed into Law.
mgmontini1 7 months ago
@mgmontini1 BTW Obama is the one that extended and made it a huge deficit.
MrRyinoyea 7 months ago
@mgmontini1 Get used to it, the Bush tax cuts will stay and not a damn thing you libs can do about it! HA! You know why we teaparty will keep it in place? Because we believe that tax brackets are immoral and unconstitutional, thats why. We will always be for the lowest taxes possible for EVERYONE, because the current tax system is god damn immoral.
Flat tax = win.
calimar28 7 months ago
@calimar28 - So obviously you want the portion of the deficit associated with it even though 20% of the tax cut went to the top 2% of the population (multi-millionaires) & the bottom 40% of the population (Mostly Middle class - some "poverty") got only 9% of the tax cut. Yet the Tax cut was responsible for a rise in the deficit in government operations of about $1.3 trillion. This is what is so great?
mgmontini1 7 months ago
The US has business taxes and regulations so the company can pay their share and workers will be treated like human beings. The rich businesses sold-out their own country so they can have more money and buy nice houses...where? in the US of course.
tmmy773 7 months ago
Thank you, Cenk! Finally, someone that is willing to lay it down. It sickens me that no one on major news outlets are pointing this out (but not surprised). They decided to spend their time covering Obama's no vote on the debt limit in 2006. We need a President with Paul Krugman's brain and Anthony Wiener's balls!
nikkithebean 7 months ago 10
@nikkithebean I'm not sure but I think Anthony Weiner's balls are probably busy.
But you're right.
HugeJohn51 7 months ago
Secondly, the last thing to cut is education. Health care is a luxury, primarily taken advantage of by old people. When it comes down to it, building the future is far more important than preserving the past.
NSO3451 7 months ago
I'm a liberal, but I still agree with the TP in that something serious needs to be done about the deficit. I think the tax cuts that we've had are good to keep in place. I think we need to cut spending and balance the budget. The first thing to cut is defence, second is entitlements. Then from that point, we can increase spending in proportion to growth in the economy, while maintaining our current tax rates.
NSO3451 7 months ago
@M1008BOV China is consuming healthcare, telecommunications, and education, faster than US growth by double digits. The number of scientific papers out of China is second only to that produced by the US; but expect that to change soon. China is not just a source of cheap labor anymore, it is now a gigantic domestic market ripe for exploitation. That is why GE, McDonalds and Ford are moving operations to Asia for growth. GE paid 0 corp. US tax 2010, so the issue isn't taxes, it's growth.
garbledstoic 7 months ago
Jim Demint started the recession
kirkjohnson212 7 months ago
@DeepSouth16 The TP has done a great job of exploiting the racism, homophobia, fear, and religious intolerance of America's ignoramuses. Anyone who thinks that education and healthcare are not the primary defining issues of our time knows nothing. Ford, Walmart, Apple, McDonalds all are investing in Asia and South America. These economies will provide for 60-70% of the planned growth for these co.s over the next few years. All of our tax cuts are being captilized in foreign coutries.
garbledstoic 7 months ago
Nailed it again, Cenk.
garbledstoic 7 months ago
@MrJeggus He's telling the truth from his limited extremest point of view. They are not at all forcing the same agenda. If it weren't for the tea party the parties would have met, added in all the goodies they wanted, and passed a budget long ago. The only group looking to do what is right and standing in the way of business as usual, are the tea party candidates. I would rather we default than allow the old guard to continue to rape us.
FactChecking101 7 months ago
Comment removed
garbledstoic 7 months ago
@FactChecking101 Wrong. Stenny Hoyer passed Pay-Go (again) prior to the TP Taliban elections in 2010. Pay-Go was responsible for the first budget surplus since Truman for the Clinton admistration during its last three years. It was "expired" first thing after GW Bush took office. The death of Pay-Go, and the unfunded creation of massive tax-cuts, precipitated an immediate resumption of deficit spending. In the wake of 2010 TP elections, those unfunded tax cuts were forced again by Republicans.
garbledstoic 7 months ago
$ The twenty is the new five soon to bee the new one $.
saintearth 7 months ago
CENKS LAST 20 SECOND STATEMENT IS A MASSIVE TRUTH PEOPLE.
Please think about what he said for a minute and realize the world we live in...
stuartjamesgemmell 7 months ago
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TheENTERRAPTURE17 7 months ago
ron paul's the only one who TRULY cares
mustansir83 7 months ago
Cenk is a liar. What he isn't telling you is that we have gutted the Republican party and put in tea party fiscal conservatives. The Democrats, who controlled the congress for the last 2 years of Bush and 4 years total spent MASSIVE amounts of debt and did NOTHING to reduce debt or close the tax loopholes. They are a bunch of clowns and it's time to fire them like MSNBC fired Stenky.
FactChecking101 7 months ago
Well "
stonethugmusic 7 months ago
USA do not have an Army anymore just a large mercenary group to plunder the world for resources and other wealth. Since they are all volunteers and paid to do the fighting that's why you do not have any roits or protesting. Because the rich owns the Army we should just go ahead and turn the military over to the Blackwater and let the rich pay for it not the taxpayers because all our armies are for now is to plunder the world.
KYKIN44 7 months ago
ANY politician who says that the deficit is not their fault is a lying piece of crap.
rabidabbey 7 months ago
This deficit really began by these millionaires,Wall Street bankers for gambling the $,more $ on the Military Industrial Complex,these politicians bailing out these people I just mentioned and Obama being a spineless bitch by quickly agreeing to these whackos in Washington,DC.
98bigbutt 7 months ago
Why is this suddenly a problem? In Bush’s 8 years the gross public debt as a percentage of GDP went up an average of 1.82%. In 2008 & 2009, when Obama was elected and the Democrats held the House, Senate, and White House, the average has been an intolerable 16.81%. The debt has increased $4.3 trillion in just 2 years. In 2010 alone the Democrats issued as much new debt as all the other Governments of the world combined.
moosepok 7 months ago
@moosepok Did you miss the first 2 minutes of this video? If January 2009 was a clean slate you might have the ghost of a point. Why do you think the Republicans, who are so outraged by debt, are planning (and going to achieve) a tax cut extension for the top tier that on its own would add $857.8 Billion?
BiffWebster100 7 months ago
Bill Clinton was in office from 1993 - 2000. For 5 of his 8 years (from 1996 – 2000) the gross public debt as a percentage of GDP went down. That led to a budget surplus from 1998 – 2000. But what many people fail to acknowledge is that the Republicans controlled both the House and the Senate from 1995 – 2000. Those surpluses were a result of budgets passed by Republicans. Clinton was merely the final signatory.
moosepok 7 months ago
Clinton = repelling the Glass Stegall Act.
st4ticblu3 7 months ago
Answer: Keynesians
hodoprime 7 months ago
Poor Sink, he really has to make sure he kisses Obamas butt now that they made an example of him at MSNBC. Youtube is the only place he has now and he has to make sure Obamas Brownshirts don't get him kicked off here too.
mytube373 7 months ago
You know, we can keep saying "Look back at Bush's presidency", which we all know is how everything ended up becoming shit. No matter what, people will always blame Obama even though he never made it, yet inherited it from Bush's hands. If I do see another "now let's not look back in the past", my point has been proven.
Mika20 7 months ago
@Mika20 Obama is still Bush's left shoe, continuing the same exact failed policies bush did. He is a typical republicrat.
Andy180084 7 months ago 13
@Andy180084 I'm sure that makes every Republican happy.
It did right? Because they pretty much want it to be that way. If they're not happy, what the heck is going on?
Mika20 7 months ago
and in the end, both parties are fucked. congratulations, because you refused to look past you similarities and differences (which are incredibly miniscule) and just unite as one american people with one goal in mind, success. You kids are a failure, keep it up dems, repubs... you're both going to kill america together. Way to go team
fuckqnamenotavail 7 months ago
The budget is set in the house of representatives. They own the budget the president has very very little to do without outside of signing. The Dems have been in charge of the house since Nov 2005. In Nov 2005 the deficit was at 8T. Now it is at 14.5T. So with Dems in charge in just 6 years the budget deficit has increased by 6.5T. The Dem leadership and Dem votes did this not the GOP who was not in power.
SpencerMoseley 7 months ago
Wow
stonethugmusic 7 months ago
Republicans and Democrats playing the good cop, bad cop routine. All in all they are Corporate Brownshirts.
In another TYT video the subject of the center being moved more toward the right was addressed. The more toward the right is toward Corporatism.
Corporations by law cannot be a "We the People " team player, the bottom line won't allow it.
But the elected are supposed to benefit the People and only the People. Why aren't they? Good Cop, Bad Cop routine to benefit the rich.
666brainiac 7 months ago
Who held both house of congress for a large majority of the 20th century? I rest my case. Though Repubs are still to blame because they went along with a lot of it over the years, but Dems are the front runners because they ran every damn thing for so long and guess what when Obama Care hits the shelves in 2014, say goodbye to ever distinguishing the deficit.
IMDOPE70 7 months ago
We need to scrap the entire tax code. We need a flat tax on all income with no exemptions or credits. Deficit is the result of both parties, not one. The government should NOT be allow to manipulate the free market and free people with the tax code. It is discriminatory and wrong to tax one person at one rate and someone else at a higher rate simply because they worked hard and made more money. The market with fix this if we get the government out of the way.
CommonSenseJoe 7 months ago
This makes me glad I don't live in the US...
InferSader 7 months ago
Economic crisis has become the Republicans new North Star. If they can create a crisis, they have their rationalization for cutting the programs they have been after from the beginning. Never was this so transparent as in Wisconsin. Their Governor gave away to the rich almost the exact amount he said accounted for the depth of the crisis. Economic crisis in now the environment that the GOP likes best. Since their plans seldom have advantages for people who are not rich, they need to scare us.
ginesdepasamonte 7 months ago
Lemme guess? The Repubs take all the blame......young turks in a nutshell. ridiculous. Why cant he admit all of them suck the very life out of liberty.
Panchee123 7 months ago
@Panchee123 Did u even bother watching the video? If you had, you would know that while he calls Repubs frauds, he said that the blame lies with both Dems AND Repubs.
elkadir70 7 months ago
@elkadir70 But almost 1/2 of the debt has been racked up under the Dem rule of the House and Senate starting in 2006. The GOP has been a small party to this national travesty.
SpencerMoseley 7 months ago
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Stevie68000 7 months ago
I really shouldnt watch this stuff before I go to sleep, it just gives me angry dreams and I get paranoid the next day.
teuast 7 months ago
"There's no democrats/republicans, there's no fiscal hawks, there's no people who care about the budget in Washington. They only care about agreeing on screwing all of us and making sure that the money gets redistributed up to the rich and the most powerful people in the country."
I've been saying that very same thing for quite some time now. Washington is not the place where America is run - that would be Wall Street.
Fatcatnevercameback 7 months ago
it's both sides, they're all stuffing themselves on the Titanic
hellahotdude 7 months ago
I agree that the Repubs caused the deficit to expand so much, but you really need to get the difference between debt and deficit. All you talked about was total cost of these programs so far - well, that's debt. Deficits are how much you borrow *each year*, so to actually give the impression you know what you're talking about, you should have been quoting yearly costs as a percentage of Gross Domestic Product.
I've given up with the media knowing anything about economics, though.
Marcus21999 7 months ago
i know the answer of this qns. EVERYBODY!!!!!!!
fabes0011 7 months ago
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TheENTERRAPTURE17 7 months ago
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@TheENTERRAPTURE17
proof your god Exists please?
razoreye001 7 months ago
@TheENTERRAPTURE17 What a fucken retard; piss off back under you rock with your bronze-age world view you numb nut
philthy122 7 months ago
it was demint since he started the recession lol
afshin021 7 months ago
I love what Adrian Salbuchi said about the economic situation of the world right now (and I've got to paraphrase a little here, because I don't remember it perfectly).
"All gains are privatized, all losses are socialized."
somethinguncreative 7 months ago
@somethinguncreative I do hope that you understand that isnt capitalism where "All gains are privatized, all losses are socialized." i'll be happy if you did.
fabes0011 7 months ago
@fabes0011 From what I understand, Salbuchi was commenting on the economic situation. I didn't personally infer that he meant capitalism, but maybe he did or maybe he didn't.
somethinguncreative 7 months ago
Comment removed
somethinguncreative 7 months ago
They are also not allowing him to raise taxes because it means the deficit will grow more and make him look worse come election time
13lackLight 7 months ago
To make a long story short (too late), everyone is out to screw us.
WolfsStorm 7 months ago
When the country goes into debt to make the rich richer or go into war, the GOP is ecstatic.
When the country goes into debt to fix problems they helped create and empower the people, they have a shit-fit.
OtakuRebel 7 months ago
I think both parties created the deficit because they are both owned by the super wealthy and the super powerful. And the super wealthy like to spend other peoples money, as well as keep their own at the detriment to the people who need help.
Teremei 7 months ago
This is why Democracy is a double edged sword.
Vladimir0538 7 months ago
I say fuck the debt ceiling if China wants us to pay back our debt to them they should take the money from our cold dead bodies after they nuke us. hehehehehe.
Shonenut213 7 months ago
if we dont give the almighty job creators our tithes and offerings through tax cuts they wont be benevolent and bless us with jobs.
Mr1700 7 months ago
According to the closed captions, we have a budget deficit because of Morocco Wal-Mart 0_o xD
CerberusGX 7 months ago
@CerberusGX
lol
MrShnigglepuff 7 months ago
WOW!...Somebody got paid!!!
R1D2S3 7 months ago
Like a bunch of little kids that is what these assholes are !!!!!!! You did it,noooo it's your fault.No no you did it.No it's not my fault because you started it.AH AHH YOU ARE DOING IT SO NOW IT'S YOUR FAULT. what the fuck!!! Who cares who started it ? fix it !!!!!!!!!!!!!!!!!!!!!!!!!!!!
xxdonaldqxxx 7 months ago
stupid democrat and GOP talking points, always the same.
You could easily resolve this mess without raising taxes, but by cutting useless discretionary spending
#1 end the illegal wars and cut defense spending by 50% or more
#2 repeal gas subsidies, raise gas tax to lower pollution and congestion
#3 repeal agricultural subsidies, break up big ag
#4 temporarily end manned space flight at NASA
#5 end nafta, raise tariff on chinese goods
#6 slowly siphon funding from smaller gov systems
Andy180084 7 months ago 10
@Andy180084 Those are great solutions you proposed... too bad the insane right wing would consider those solutions to be a communist plot by Obama, which would in most likely force Obama to do the EXACT opposite of what you proposed.
tannersanta 7 months ago
@tannersanta thank you, however, i feel none of those policies will be instituted for they are all political suicide.
our politicians are bought by oil, ag, and defense contractors.
Andy180084 7 months ago
@Andy180084 idk about the subsidies thing as i would want to protect american businesses but i do agree with the point and tone of the message.
Mr1700 7 months ago
@Andy180084
Unfortunately most of those things you mentioned are revenue, which the Republicans consider tax increases, even if they aren't.
yzman123 7 months ago
@Andy180084 NASA!?!? NASA's budget 0.53% of the budget(2011) you are smoking crack cocaine my friend. NASA is not a spending problem, if anything it needs a larger budget. NASA is not useless, it represents the precipice of human existence.
803brando 7 months ago
@803brando i never said anything about cutting staff or projects at nasa, merely the multi-million dollar flights they take... and only temporarily ;)
Andy180084 7 months ago
@Andy180084 the "multi-million dollar flights" are all funded by a budget. do you know how a budget works? those flights have NO negative impact on our lives what so ever. I suspect you do not know the scope in which this country operates.
803brando 7 months ago
@Andy180084 you do realize that nasa costs you 1 half of 1 penny. nasa brought you cell phones, gps, microwaves, lasers (which led to cd's dvd's etc). you realize all of those things have made america assloads of money? nasa by far returns much more than it costs.
kingbane2 7 months ago
@kingbane2 he didnt say nasa lol he said temporarily end manned space flights
13lackLight 7 months ago
@13lackLight so deduct funding from NASA's budget? what planet are you from?
803brando 7 months ago
@13lackLight you do realize manned space flights is what made all of what i listed happen? the space race created all of those things. some of it by accident, like the g force suits, and the memory foam. microgravity research has created alot of things too. like synthetic plastic micro ball bearings which can be used in place of oil and is much MUCH more efficient as a lubricant and lasts much longer. not economically feesible as of yet. but that's just one example.
kingbane2 7 months ago
@kingbane2 yea but that was when all that stuff needed to be invented. Not saying manned space flights contribute nothing anymore but they are no where near as potent as they were in the past times you are describing. NASA has many other ways to contribute to technological development as they do with new innovations that don't deal with manned space flights that have been going on for 40 odd years.
13lackLight 7 months ago
@13lackLight so because nasa discovered a bunch of stuff that was "needed" means they wont ever discover anything new? what new innovations have nasa done? high efficiency solar panels, microscopes used in nearly ever lab in the world, state of the art optics used in fashion, movies, pretty much anything video/photography related. early warning systems for solar flares which keeps north america's energy grid from frying itself every year.
kingbane2 7 months ago
@kingbane2 most of what was discovered back then was needed to do the manned space flights. Now most of the technology required for manned space flights has been invented. A lot of the inventions you are talking about don't have much to do with manned space flights.
13lackLight 7 months ago
@Andy180084
I agree with all but NASA. Just too important and the savings aren't that big.
refuckulate420 7 months ago
@Andy180084 but why not raise taxes for the rich ? You make good points on how to cut spending, but if the entire point of having lower taxes was to help job creation and we now know(well some of us have always know) that was a lie. Whats the point in keeping it lowwer for the rich than for the Poor?
i dont think I as a college student should be paying more percentage wise than some one making 8 or 9 million a year.
dsjj251 7 months ago
@Andy180084 you forgot to mention legalize drugs and prostitution.
VivaArsenal4 7 months ago
@VivaArsenal4 i agree they should be legal and monitored closely, but that doesn't really help the gov unless the tax on marijuana/sexy time transactions would be sky high.
Andy180084 7 months ago
@Andy180084 I agree we do a lot more. Close all mil bases overseas..build more bases in the US and help local econ and provide jobs, training, etc...if the rich landholders complain take the land by eminent domain. Some tariffs but not too high. Rich pay more taxes and not hide money in other countries (they take advant of cheap labor and taxes so more money here) Raise min wage and for all workers including illiegal. End all tax loopholes. All gov't contracts not paid more than bids - loss.
tmmy773 7 months ago
@Andy180084 I disagree with 1,5, and I think 6. I agree with the rest.
CommonSenseJoe 7 months ago
@Andy180084 Moron, gas tax raise is a tax on the poor and working class. Why do you need to cover the ass of the super rich with your tongue? The rich shit too, if you haven't realized yet you will soon enough.
tooosweeet 7 months ago
@tooosweeet covering the rich with what? Economists have been proposing a fair tax, whether flat or negative income for decades. The progressive tax has failed, too many loopholes, unfair percentages of income, promotes tax havens...
2) Car pool, take a train, bus, gas efficient vehicle.
Andy180084 7 months ago
@Andy180084
simplified tax code without absurd breaks for giant corps = good idea
regressive "fair" tax = bad idea that sounds good to morons and the wealthy.
You're a douchebag if you think low class people should somehow carpool everywhere. Train and bus system freaking SUCKS in the US and is non existant in many suburbs. In US, life is shit without a car, and a poor family can't run out and buy an snobmobile. It the US had middle income growth people could start clean energy startups.
tooosweeet 7 months ago
@tooosweeet that is why the US fails, no public commuter systems such as railways. If the FED would invest its money into say, subways and metros, rather than subsidies for billionaire companies, congestion would clear up and demand for oil would fall along with its price.
I never said a regressive tax at all, merely an economically friendly flat tax with high tax incentives for the lower and working class. Far less loopholes, simple, less reasons to seek tax havens.
Andy180084 7 months ago
"The idea that there may be a connection between capitalism and democracy is starting to look plausible to a number of intellectuals." - Milton Friedman
Yes. Property owners have so much wealth that politicians are forced to set their funding base as their #1 priority, instead of their voting base; because of this, democracy flowers, prospers, and develops at unprecedented levels *sarcasm*.
mojorhythm 7 months ago 2
LOL..........How far America has fallen when our whole economy rest on collapse because of a pledge written by a corrupt Washington DC Lobbyist, Grover Norquist!
barbtube01 7 months ago
Come on TYT spelling problems? Prescription spelled "perscription"
sK0pe666 7 months ago
Only 1.3 trillion on the wars? Your using their numbers. It's funny how everyone leaves out the 2.8+ trillion the Pentagon can't track out of the overall cost of the wars. The (2) Bush Tax Cuts and the Reagan Tax Cuts got us into the debt were in..
Arperture2008 7 months ago 2
You gotta get one thing straight; it's the nigger's fault; not that I don't like nigger's but this boy was born to take the blame. The presidency is a very responsible job; if there's any problems, he's responsible. And honest, we ain't even considering hanging him from a tree, on the Whitehouse lawn. Never crossed our mind.
rollsthepaul 7 months ago
Only 1.3 trillion on the wars? Your using their numbers. It's funny how everyone leaves out the 2.8+ trillion the Pentagon can't track out of the overall cost of the wars...
Arperture2008 7 months ago
@gunsite308 It's not all, but it's significant: a deficit is the difference between spending and income, a debt being the summation of deficits. The tax cuts cost US gov't 1.4 trillion in 10 years. At the place of 14.66 trillion of federal debt, we would talk about 13.26. Now add the war on terror &it's 11.96. Use the number at the end of Bush, it's 7.71 at the place of 10.41 - Clinton quit with 5,7 trillion of debt - does not take much math to see that this was nearly-half of W's deficit.
therrydicule 7 months ago
We have been practicing Reaganomics since the 1980s. This is a "Republican" economy, and the conservatives in Congress won't allow Obama to even tweak it.
JEFF9K 7 months ago 29
@JEFF9K OBAMA won't let Obama tweak it. lol
ideasarebulletpr00f 7 months ago
@ideasarebulletpr00f . .... sounds like you don't understand checks and balances
JEFF9K 7 months ago
@JEFF9K What you think if Obama were able to he'd do everything he promised in his campaigning? HAHA how pathetically naive of you
ideasarebulletpr00f 7 months ago
@ideasarebulletpr00f . . . .If you would ask a question that made sense, I might be able to answer. Read your comment carefully and think about who is pathetic.
JEFF9K 7 months ago
@JEFF9K What did not make sense? DO. YOU. THINK. OBAMA. WOULD. DO. EVERYTHING. HE. PROMISED. EVEN. IF. HE. HAD. NO. OPPOSITION? If your answer is YES, then you are naive. See? Easy.
ideasarebulletpr00f 7 months ago
@ideasarebulletpr00f You start off with "What you think if" Those are the words of a retarded person! Don't bother replying. I will delete it from my mail.
JEFF9K 7 months ago
@JEFF9K Oh my apologies English professor, Did I miss a comma? Never mind the fact that you have no answer to what I asked.
ideasarebulletpr00f 7 months ago
@JEFF9K thats untrue, they'll allow him to tweak it if it means more tax cuts.. :) :P
smokydave 7 months ago
@JEFF9K That's all there is. Honestly I can't blame Obama for all this, hell he's pretty much one man who can tell everyone what should be done. If no one wants to do shit, there's your problem. So we won't see any relief if people keep voting in crazy jackasses who want to make matters worse by doing nothing and voting no for everything.
Mika20 7 months ago
Completely agree with that last line you said. Rebublicans and Democrats are at fault, but also the system itself. The way the system is set up is at fault too, to keep spending and spending with no limit. What we are in is an advanced form of slavery, keeping us subservient instead of being self determined.... Ron Paul for freedom!!! Also Dennis Kucinich for left wingers!
MisterMillz01 7 months ago
American men must have tiny penises behind that huge military industrial "penis complex." That could explain why 25% of all the worlds child rapists come from the US.
HostileNegotiator 7 months ago
When Bush was in office if you spoke out against anything he wanted the right wingers would say you were being anti-american and other hateful things because he was a war president. But now that there is a democrat in office it is okay.
MrRedthief 7 months ago
@gunsite308
"...blaming it all on tax cuts is a red herring"
I'll see your red herring and raise you a strawman. Nobody is blaming it all on taxt cuts. Now, the tax cuts and the wars together account for a big chunk (not all) of the problem.
mistergarth 7 months ago
zfacts
thelordakira 7 months ago
I'm am liking Cenk's pessimism!
Jarreason 7 months ago
Republicans don't give a fuck about spending, if the money is going towards buying the military more toys or bombing brown people then they looove spending. However anyone who suggests that their tax dollars be put towards healthcare, education, or infrastructure is a pinko communist muslim traitor. Of course the democrats have their share of the blame, but the republicans stand out head and shoulders.
JACKtheRIPP3R189 7 months ago
This has been flagged as spam show
ELECT SARAH PALIN and we will have a balanced budget! The Palination will be completely DEBT FREE. President Palin will cut taxes and have the greatest surpluses!
ecwaufisxtreme 7 months ago
Yes both parties are at fault Clinton left with like around a 5 trillion dollar debt and bush took that ran with it.. when he left it like pushing 12 trillion, there's a few decent statesmen from both parties but most of em are bought.. DOWN WITH THE 2 PARTY OLIGARCHY
XoblivioX 7 months ago
Look it up: Reagan, Bush I, Bush II.
In other words, the GOP.
henkvanderlaak 7 months ago
Bull. Fucking. Shit. Bush raised the deficit, but Obama made it 14 times worst. That's the facts. You fucking liberal.
TheDJBeets 7 months ago
@TheDJBeets The first 3 words of your post describes your post.
exsinor 7 months ago
@TheDJBeets What a dumbass
HardikG121 7 months ago
@TheDJBeets That isn't a fact at all. Cenk has shown the numbers countless times. It's Bush's fault, Obama has to try to dig us out of that hole, but he'll a sellout too in the end and can't do it.
XGP15A3 7 months ago
@XGP15A3 Yes, Bush got us in into debt. ~1 Trillion $ when he left. Since Obama has taken office, it is now at 14Trillion.
TheDJBeets 7 months ago
@TheDJBeets When Bush took office the national debt was $5.727 trillion and when Obama started it was 10.626 trillion. 10,626,000,000,000 - 5,727,000,000,000 = 4,899,000,000,000 trillion added to the debt during the Bush years. So your "~1 Trillion" is a little off buddy.
JoshMcRay 7 months ago
remember Jim Demint started the recession!
hhr62 7 months ago
The progressives and their facts! Everyone knows that facts have a liberal bias!
thewiffenpoof 7 months ago
Over the last 30 years, repubs have always been fiscally far less responsible than the dems.
thewiffenpoof 7 months ago
it's hard to believe that Cenk at one time was a republican..I wonder what opened his eyes to their evil ?
xadam2dudex 7 months ago
@xadam2dudex Usually when people wake up to their erroneous ideology, especial a political ideology, they realize that all ideologies are basically erroneous. The fact he moved from one extreme to the other I think only proves how deluded and susceptible he is to error and deception.
seanlaca 7 months ago
@seanlaca so u r saying that there is no right and wrong all ideology is valid ? that is the greatest erroneous ideology of all time...that is the current theme being pushed by the corporate media to help the right wing criminals.. I'd like to know where people get their ethical teachings from who believe in that intrinsic error....there seems to be no moral imperative with these people...Cenk is by no means extreme..it could only seem extreme if u are at the other end of the spectrum
xadam2dudex 7 months ago
Our corporate government created this deficit. War, tax cuts, deregulation and failed regulation by government thanks to corporate influence, and ZERO job growth even though most corporations and businesses are sitting on more money than any other time in history, AND they are taking more government money than any other time in history. Not too hard to figure out. The federal reserve doesn't help either, that needs to go.
TheUSMetalhead 7 months ago 2
The Republicans' (and a few notable Democrats) only allegiance is to Grover Norquist. As far as they are really concerned they might as well be saying "Fuck the interest of the average person, the above average person, the below average person, the old, the young, the common good, and the future of this country." The only thing that matters is the top 1-2% of the income bracket who will land on their feet regardless of the potential economic catastrophe.
FlatulenceFox 7 months ago
Did genie say we had soaring prosperity and low unemployment at the beginning of BHO TERM. Markets were cratering jobs were being lost faster that bristol lost her virginity
brently1437 7 months ago
Uyger 2012 lol
ckckck1 7 months ago 3
This is why MSNBC kicked Cenk to the curb! TYT is too strong for primetime, The Revolution will not be televised. TYT don't need no stinking network!!!!
sargetech 7 months ago