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Five Misconceptions About the National Debt

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Uploaded by on Sep 12, 2008

Five Misconceptions About the National Debt
1)The proper measure is the total debt and not yearly deficits.
2)The national debt is actually below the post-WWII average.
3)The debt is not large enough to raise interest rates.
4)The main concern is future debt.
5)And, economic growth reduces the debt burden.

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  • Look up who founded the heritage foundation...lol...These fuckers are about as trust worthy as the C.I.A.

  • propaganda....consider the source a republican-corporate shill: Heritage Foundation.Always trying to

    mitigate the scope and depth of this economic meltdown by renaming and rearranging the numbers.

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  • Wait, these are mostly the same points made on the Left by Robert Reich

    People call this propaganda based on the source, not by the content.

  • @white25rs National debt quadrupled under Reagan+Bush 1 and doubled under Bush 2 ...that is reality and I know many so-called "conservatives," Republicans, Tea kool-aiders, and Fox infotainment people don't like embracing reality and facts. lol ....yup facts do make you mad because facts don't line up with the mendacity and kool-aid created and fed to you by right wing corporate/wealth machine. Try to break your addiction to denial of facts.

  • @seahorse05 wrong wrong wrong, keep getting your facts from .gov sites jackass

  • So how are these considered misconceptions if you support every one of these claims in detail? Your logic lacks reason.

  • The issue that "conservatives," Republicans and republican Tea people think is the problem with Obama and Democrats. And that is the National Debt. The facts: Reagan 1.9 Trillion; HW Bush: 1.5; Clinton: 1.4; GW Bush 6.4; Obama: 2.4.

    Last 30 years of National Debt:

    Democratic Party Presidents: 3.8 Trillion Dollars

    Republican Party Presidents: 9.8 Trillion Dollars

    Nothing "conservative" about ^^ the nearly 10 Trillion GOP created debt.

    The large Debt is a Republican/conservative created problem.

  • The numbers at :34 are way off. After WW2 our debt to GDP ratio was over 120% and right now we're around 80%.

  • THIS ASSHOLE GOT POWNED DEBT IS 60% OF THE ECONOMY NOW ASSHOLES ,JUST SHOWS GOVT IS FUCKING PEOPLE AND THE WORLD

  • @crocfme actually foreign aid is miniscule compared to military spending and other programs. (it's something like 0.2% of total government spending)

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