The Debt Limit: Made Simple

This video takes you to the United Estates--a gated community in sunny Florida--to help you understand the impact of Congress decision to annually raise our nations debt limit without addressing the out-of-control spending that keeps us buried in debt.

Category:

News & Politics

Tags:

• debt limit
• Congress
• government spending
• federal spending
• government budget
• entitlements
• entitlement spending
• Social Security
• Medicare
• Medicaid
• United Estates

[TWSceptic]

@rcampbellnc It's exactly how the economy of the US works. The fact that it's so simple only proves how completely incompetent politicians are and how ignorant Americans are to keep voting for the wrong guy. Calling it "right-wing" doesn't make you look more intelligent or convincing. You may not be an idiot, but you sure are brainwashed and completely ignorant of reality. Good luck in the next 5-10 years, like many Americans, you're going to need it.

[Avinash1943]

Put more videos like this, just the facts, no judgement call. Our news channels are just putting out their own agendas.

[SoundMoneyEco]

@lucasrem Never seen so much ignorance in one reply, LOL.

[beamthegreat1]

@44bobio The US Gov't earn much more than that. They earn around 300 billion dollars per year will take around 46 years to repay all their debt. However, countries like China would probably surpass and become more powerful than the US by then.

[lucasrem]

You realy don't get it, this Video wont let you get it!

In Rich Countries People pay lots on taxes, and they get a good service for it, Germany, Denmark Sweden etc.

In poorer countries like the US people don't pay lots of taxes, and look what happens to your residences, people bagging for money on the streets, lots of people on drug, trashed neighborhoods.

U got a lot to learn in US, Obama will save your country if you give him a far change!

[44bobio]

If I handed you a dollar every second of every day it would take 443,643 years to pay back the $14,000,000,000,000 America owes. Good luck with everything ;)

[xxReaverXXCerberusxx]

Well if say I could fit them all into a snowglobe, I'd smash them all to pieces then.

[KOAJaps]

Also, nopt all the members of United Estates contributed to the HOA, therefore there is a deficit. And with the deficit, the tax on the inority had to be raised. Now if everyone paid into the HOA (corporation and wealthy (like the tax evader Heritage Foundation)) there would not be a deficit and the HOA would spend within their means. Also, the pool table, swimming pool, and so on, where is the ROI? Oh and socialis securtiy has NOT added to the debt. How can it? It is $2 trillion in the positive

[KOAJaps]

Funny? Bushj raised the debt ceiling 17 times without an ROI. So has the Heritage Foundation gone left?

[tyeedwrds]

Actually this is quite good. It is over simplified to a point, but that's so the liberals can attempt to understand. Though they won't, they'll just trash the heritage foundation for telling them the facts. That government subsidized programs don't work if we don't have the cash. Our system was not designed for the liberals purpose. We can't sustain entitlements into infinity. The plan never has worked in any society in history. Liberals will fire Obama and say he's the problem, not the plan