The Debt Ceiling
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Uploaded by ReutersVideo on Apr 1, 2011
Presentation explaining the U.S. government debt ceiling
- 203 likes, 6 dislikes
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Top Comments
All Comments (234)
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BAHAHAHA!!
The cartoon of Obama is classic!
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@Dave2170 continued. 1929: one year of GDP lost; Japan 1990 real estate bubble: 3 years of GDP lost. Both took years of Gov't debt and spending to recover.
Lots of folks (like me) are underwater with what they didn't walk away from and many banks have zombie assets that aren't worth spit on their books still. If the Fed and State Gov'ts start major cuts to spending, Unemployment goes up and a downward economic spiral will result in many more years of economic pain and misery.
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@QWERTY34990 Here's one that will blow your mind. The Federal Reserve can legally buy every T-Bill ever made (all our $15T debt) all proceeds and interest payments got to the US Treasury, by Law. Mmm, the interest will be revenue--free money, baby!
When a nation experiences a bubble pop of such magnatude like our Housing/Wall St crisis (aka a "Balance-sheet Recession") with so much personal and financial wealth lost, the Gov't can prevent a major depression by spending like mad!
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Im selling risk. Golden chance people. 1000 per opt. You could see returns of up to 100%.
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This video is internally misleading , it's the catastrophic consequences of the debt ceiling that should be understood, not who did what & when, it doesn't matter if your a donkey elephant monkey or giraffe, because when the interest payments on the debt consumes most or all of the Gross domestic product "GDP" just to pay the interest on the debt, it;s a ticking time bomb that soon will explode and when it does we will lose "everything" including all of our freedoms.
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Let's all just give every country trillions of dollars. There's no universal definition of money, so why can't we just say for now that a pebble is worth trillions of dollars? Then we can start over all fresh, then gradually slip into this mega mind-fuck again.
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@ElPepperoni-ya agreed...you're very clear minded-go see if your bf called for some pepperoni
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Canada has never sounded better.
appreviewer5 6 months ago 76
the donkeys and elephants are so cute xD
jessicalilac 6 months ago 27