The Debt Bomb: A Decade of DC Spending is Driving America Closer to an Economic Apocalypse

Alexis Garcia reports on America's exploding debt. Experts blame entitlements like Social Security and government spending. But what is the solution? Can we raise taxes without crushing the economy and the middle class? Does Obama really want to lower the debt, or does he support continued deficit spending? See interviews with Douglas Holtz-Eakin, Brian Riedl, Jason Peuquet and former Congressman Ernest Istook (R-OK).

Category:

News & Politics

Tags:

• alexis garcia
• debt
• deficit
• social security
• spending
• trillion
• istook
• heritage foundation
• brian riedl
• holtz-eakin
• paul ryan

[givinitsome]

Obama said at 0:22 to eliminate what we don't need. You mean like the current president??

[marine919]

Barry takes his orders from George Soros, a man that hates America and wishes to bring us down to the level of third world countries.

[shotsky94]

she's hot

[PatriotsRepublic]

Ok, I want to know by what magical accounting or averaging practices are they measuring our debt to GDP??? Because when I look up our current GDP, I get 14.66 Trillion dollars, that's what our GOVERNMENT says and the debt that our government ADMITS to is 14.27 Trillion dollars as of the 14th of April. According to my non-magical math, that is 97% of GDP. The lie that we have not yet crossed the 90% threshold does not stand the test of grade school math. Are we to assume everyone is that stupid?

[ilikemitchhedberg]

@noleftturnunstoned

The whole base of the Democratic party is some silly Robin Hood scenario whereby the Dems take money from the 'evil rich' and give to the 'noble poor.' This is a little short sighted.

It is easy to take a quick glance at the liberals and say, 'Wow, look at all of these wonderful social programs?' Upon closer consideration, the Libs want someone else to pay taxes to fund these silly social programs.

[ilikemitchhedberg]

@noleftturnunstoned The one thing that would brighten up any welfare recipients day would be to give that guy the dignity and self-respect of having a job and providing for himself.

It may be hard to believe, but the welfare rolls itself is causing this guy to be on welfare, and it is making his life miserable because he has nothing of his own.

Trust me, watch some more of the Pajamasmedia, they want a good economy for us all, and it is time to give their viewpoints some serious consideration.

[ilikemitchhedberg]

@joshuancts Hey, buddy, if you don't want to provide for your own kids, then don't have kids. Masses of [left leaning] people are having kids under the express assumption that SOMEONE ELSE WILL PAY FOR IT. It is NOT my responsibility to feed YOUR kid.

The lunches are only free to the children, but the government took from someone ELSE's lunch money in order to pay for those 'free' lunches. There ain't no such thing as a free lunch.... LITERALLY. lulz

[ilikemitchhedberg]

@joshuancts In fact, military is the sole true purpose of a government, period. Every country in the world has a military, and the peace we [and the rest of the world] enjoy that came about through our military might is, indeed, priceless.

But the Dems would have you believe that without Uncle Sam, we would all starve. The truth is that government cannot create wealth; it merely redistributes. Redistribute is a nice way of saying 'steal from those who work hard and give unto leeches.

[ilikemitchhedberg]

@ozonewdb What is amazing about the whole issue is that illegals come to this country with the expressed intention of making good use of the handouts here!

[ozonewdb]

@joshuancts whats pathetic is expecting others to take up your responsibilities! Like i said, I have no problem with a hand up, but Children go from kindegarten to graduation without ever paying for their lunches. why is it acceptable for someone else to feed your kids? LA county alone pays 1.6 BILLION in food programs for ILLEGALS. One bankrupt county, in one bankrupt state, of one bankrupt nation.

[joshuancts]

Downsize the military, close 1/3rd of our overseas bases, eliminate the DEA, get rid of all corporate tax loopholes, raise taxes for the upper income levels like at the beginning of the Reagan years (50%), downsize and streamline the Fed Gov and wait for the economy to fully recover. Problem solved.....

[joshuancts]

@ozonewdb Really, that's the fight you want to pick? Free lunches for children. Pathetic!