Debt Limit - A Guide To American Federal Debt Made Easy

Discussion in 'Political Opinions & Beliefs' started by DA60, Jan 28, 2012.

  1. DA60

    DA60 Banned

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    [ame="http://www.youtube.com/watch?v=Li0no7O9zmE&feature=player_embedded"]DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube[/ame]
     
  2. DA60

    DA60 Banned

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    Fantastic video, imo.





    Friday Tragedy: The US Debt Limit Explained
    Submitted by Tyler Durden on 01/27/2012 18:19 -0500

    'Ordinarily this space would be reserved for Friday humor, but unfortunately, this is nothing short of a tragedy, especially since as of today the US debt target is $16.394 trillion, a number which will be breached before the end of the year, and possibly before the presidential election in November. As a reminder, in 2011, the US economy grew by 1.7%. It almost, but not quite, offset the growth of US debt held by the public, which grew at a brisk 11.3% pace in the past year...'

    http://www.zerohedge.com/news/friday-tragedy-us-debt-limit-explained
     

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