National Federal Debt ---- PART 1

By using only official government material I make a video revealing the depth of our National Federal Debt.

I may be rambling towards the beginning but i get to the point very quickly and please help me in critiquing what is helpful and what is not, this will help me in my presentation that i will be giving. If you are interested i will forward you the slides used in this presentation so that you may join in the effort of increasing awareness.

please go to www.chrismartenson.com for more videos pertaining to this issue.

Category:

Education

Tags:

• national
• debt
• hedge
• funds
• bailout
• 2009
• GAO
• deficit
• spending
• budget
• federal
• indebtedness
• credit
• crisis
• mortgage
• bust
• economic
• stimulus
• package

[kemosavvy]

yes, the GDP increasing makes our debt more sustainable because it collects more money from taxes. but we are in a declining economy with a growing debt load, the percentages of debt to gdp is going to reach a breaking point before 2012 (or earlier).

we are in for some interesting years ahead.

[kemosavvy]

very good point, in this case i could use the phrase, 'the textbook definition of GDP is...', i guess wikipedia has lost a lot more credibility than i'm aware of, the idea behind the statement is that the viewer can look it up for themsleves.

[milesstep]

Does our GDP increasing make our debt more sustainable because the government is able to raise more money from taxes in a growing economy?

[SteelerFanCA]

Got here from the CM site. Just a quick recommendation...I wouldn't use "Wikipedia" as a credible source. Although what is displayed there may be true, (like your definition of GDP), it makes it appear like it wasn't very well researched. Obviously you put a lot of time and effort into this and you want that reflected. Use credible, reliable sources and you'll have a lot more buy-in. Just my 2 cents. Thanks for the videos.