Debt Ceiling Negotiations: Political Games

Howard Segermark is the former Economic Counsel to U.S. Senator Jesse Helms (N.C.) and has worked on tax and monetary policy issues for the past 35 years. Howard remains active as a member of the Committee for Monetary Research and Education.

Category:

News & Politics

Tags:

• George Soros
• Barack Obama
• Debt Ceiling
• Default
• Obama
• President
• Politics
• Congress
• United States
• Campaign for Liberty
• C4L
• Law
• Prioritize
• Obligations
• Payments
• Social Security
• Interest
• Debt. Analysis
• Government

[ROMaster02]

@yesgyes Considering all the videos I've seen, give me any evidence that Ron Paul is NOT working to end the corporatism you speak of.

[jdonald05]

@yesgyes How do you think that 10% became so wealthy? It is the lack of commodity backed money that has allowed the gov. to reappropriate the value from the lost purchasing power of the preexisting money supply when new money is printed and put into circulation. That is how wealth is trasfered from the poor and middle class to the rich. The rich are not the problem - for if we had a free market, and sound money, the only way to get rich is by providing goods and sevices that benefit society.

[OrganNLou]

Ron Reagan Raised Debt Ceiling 18 times/199% increase during his time as president!!!

[buckandtye]

Capital Hill can quit the misguided theatrics already!!! The reason these politicians are all having such a tough time coming to a budget aggreement is, because none of them wants to cut the funding to their Lobbyist's Special Interest Projects. The only elected officials not having a problem coming up with a legitimate budget without a stack of special Intrest riders attached are the "Tea-Party" newbies because they are not owned by anyone yet.

Wake Up People!!!

[Demosthenes0725]

@yesgyes I think what everyone here is arguing is basically the same thing from different perspectives. The right sees this as the govn'ts fault, the left see it as corporations' fault. But they are one and the same. Just about every politician is bought and paid for on both sides (& in many cases are the very same people), both attack the poor & middle class from different angles.

Free market capitalism can thrive when the govn't isn't corrupted by corporations, which ought to be outlawed.

[Shaunt1]

This isn't so complicated. There is no money for anything. Not for entitlements, wars, etc. They are out of control they need to stop spending and drastically reduce to size of government to solve this problem.

[AleXGT7]

@TheMissouriRecord

The second he said that you know he's edging an agenda, similarly when he says the dollar remains the only decent, strong currency on the planet...

[Kardiatheon]

Nice cheap shot at Soros there at the end, proves this gusy is a partians hack.

[a4finger]

Don't raise the dept ceiling, end the Fed.

Ron Paul for President 2012!

[TheMissouriRecord]

I only wish this clip did not guess at Obama's motives. It's really unnecessary to the debate.

[EndTheFedRes]

@yesgyes If those 400 people are the banksters (JP, Government Sux, Rothschilds, Warburgs, CITI, ect) then I say "hell yes". Lets go after them. Down with the banksters.