DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.- video

Discussion in 'Congress' started by Stephanie, Jan 18, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    [ame=http://www.youtube.com/watch?v=Li0no7O9zmE]DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube[/ame]
     
  2. Robodoon
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    Robodoon Senior Member

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  3. 1_Old_Man
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    1_Old_Man Member

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    That is a good cartoon. After watching it I am reminded however that all of our Governmental expenditures have not been for frivolous purposes, at least not by some people's lights. About a third of that total national debt is actually money we owe to ourselves in the form of funds borrowed from Social Security, it is those IOUs that are what we sometimes call the "Trust Fund". About another third of that total debt was run up in the national defense - some would say - in fighting two wars.
     
  4. Meister
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    Meister VIP Member Supporting Member

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    However you want to twist the problem makes no difference. There is a bottom line that we can no longer afford, and you can count there being plenty of waste in that figure, also.
     
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  5. Luddly Neddite
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    Luddly Neddite Diamond Member

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    We need to vote GObP/Repub across the board. Don't think. Just do it.

    After all, those Bush tax gifts add hugely to the debt but why worry about not being able to pay for it? That's what we've got kids for, right?
     
  6. Meister
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    Meister VIP Member Supporting Member

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    Actually if you do some homework you will find that the "tax gift" did not add hugely on our debt. What added hugely on our debt is spending....make no mistake about that.
     
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  7. Iggy
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    Iggy BANNED

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    It's almost always spending that increases the debt load and Obama loves to spend.
     
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  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says it ain't Obama, its dat spendaholic Congress - dey control the purse strings...
    :mad:
    Obama Has Increased Debt $5T
    March 21, 2012 - President Barack Obama has now increased the national debt by approximately $5 trillion since the day he was inaugurated, according to the official debt figures the U.S. Treasury released at 4:00 p.m. on Wednesday.
     
  9. regent
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    regent Gold Member

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    Well another way to look at the debt is what both Bush's and Reagan did to the debt. According to one post, all were responsible for fourteen and a half trillion dollars of the national debt. In other words if this is true the two Bushs and Reagan raised the debt, 94%.
     
  10. starcraftzzz
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    starcraftzzz Senior Member

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    So now according to you 4 trillion add to the debt is not "huge"
     

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