Elections Have Consequences

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Uploaded by on Jul 14, 2011

The clock is ticking on a deadline for Congress to raise the debt ceiling, but no breakthrough was in sight after a week of daily meetings at the White House. Sizing up what he called "the craziness and chaos," Sen. Bernie Sanders assessed the options. His No. 1 choice is a 50-50 deficit- reduction package that would match spending cuts with more revenue from the wealthy. As a practical matter, he allowed, "it ain't gonna happen." Another option favored by some hard-line House Republicans would be to do nothing and let the United States, for the first time in history, default on its debts. That "very bad" choice would result in untold economic consequences including widespread job losses and higher interest rates on homes and cars. "It is a bad deal. We must not default," Sanders said. Where's that leave us?

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  • I hate that I watched rebecca black's video get thousands of views in one night, and this video has barely 1400

  • President Sanders please!

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All Comments (129)

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  • I love Sanders....

    o-(OoO)-o

     o- IIIIIII-o

  • @robd003 are you insane? Plez take your meds.

  • Damn I like this guy, it's too bad the Republicans won't make a good deal. Face it America dark times lie ahead. Assuming America defaults can it lead to another great depression? :-(

  • Question? I would think the doctors would be pissed over oldsters loosing their medicare, since they like to stack the old coots to the ceiling for appointments and unnecessary tests...ka-ching $ milking their medicare.Public option only way to stop the insurance fraud.Take profit out of healthcare.

  • OBama is a ball-less corporate whore. He is no better then the Bush-wackers.We love you Bernie,what a wonderful humane being.

  • @dWombat The majority of Americans are ill informed and worse incapable of understanding the ramifications of the GOP's actions!

  • Fight for Social Security! Give em hell Sanders!

  • @mn8aol Bad news...I'm none of the above. Since you seem to have slept through history class, go Google the term prisoner number 9653

  • absolutely amazingly awesome...

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