US Debt Crisis for the rest of us

Want to know what the US Debt Crisis means and how we got here in simple terms. Watch this video.

Category:

News & Politics

Tags:

• us debt
• bad loans
• crisis
• economic crisis

[cloudrain123]

just lockout like the NBA do (:

[tengweiliang]

when global economic collapse, the poor people take the most benefit of it, all poor and rich become equal..

[leonlimthelion]

easy solution: revive the barter system :)

[mr3data]

Not a catch 22, but I think the video's author knows that. For ex., one partial solution no one talks about is actually doing what the last handful of presidents have only talked about--overhauling/leaning the government. How much of gov't cost is pure waste? How much waste could be overhauled out of the gov't and applied to debt while not having to cut helping services or touch tax rates? The impact on gov't jobs can't be worse than what we already have. But bitter pills are hard to sell.

[Tranacria]

Good basic info concerning our national debt, deficit, and GDP. Stay ahead of the rhetoric…stay informed.

[illuminarias]

@tengweiliang wouldn't that be like communism?

[merelollipop]

macroeconomics..... :(

[shaunanyi1990]

the poor gets poorer. the rich gets richer. easy.

[Invincnerd]

@tengweiliang We are the men, who arranges the blocks.

Actually that's not true at all. That just means the poor people loses their jobs, and the rich people become less rich.

But the richest people up there, they're still rich.

[huiying237]

@MissdWoo: Change is in our hands. Start from yourself. There is still hope. Reuse, reduce, recycle, refuse waste, join the green revolution, and manage wealth wisely ^-^