Al's Insights – Mon 28 Jan, 2013

DEBT LIMIT – A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY

 

A satirical short film taking a look at the national debt and how it applies to just one family.


Comments:
  1. On January 28, 2013 at 6:29 am,
    James (the lesser) says:

    Very funny and very true. Every American needs to see this. You would think gold would be at least double its price. Why isn’t it then? There must be something we are not aware of. Maybe its fracking, maybe its haarp…

  2. On January 28, 2013 at 7:44 am,
    cfs2000 says:

    Your attention is drawn to a virtual sivler conference on Thursday Jan 31.
    http://www.silverseek.com/article/silverseekcom-2013-virtual-silver-investment-conference-thursday-january-31-8936

  3. On January 28, 2013 at 7:50 am,
    cfs2000 says:

    In the war between the Makers and the Takers, in the US, it is clear that the Takers have won, and NOTHING short of Revolution will change this and how can you win a revolution when you are in the minority?
    Democracy killed the US.

  4. On January 28, 2013 at 7:52 am,
    bj says:

    The Republican House couldn’t get through January before SPENDING the entire anticipated 2013 tax revenue gains from recent tax hikes. They gave it all (save some crumbs) to New Jersey and New York for Storm Sandy damages.

    Why is the US taxpayer paying for anything beyond repairs to federal buildings, bridges and roads? The rest of the developments are the responsibility of the state and local entities that approved the plats, authorized the developments and enforced the codes. It’s their 10th Amendment Right; and thus their sole responsibility to underwrite that flood insurance, not the federal taxpayers. The states have a greater obligation to their residents than just ensuring their local developers’ profit from building on flood plains that have turned seasonal events into natural disasters. So here we go again, privatizing the profits and socializing the losses, and then carping about the debt.

    Faster than a government subsidized high-speed rail, $60B of federal money went to New Jersey and New York. All it took was: ‘WHERE’S MY MONEY!’ (No question intended) and “I DARE YOU…” from top GOP presidential hopeful New Jersey Gov. Christie. Just what we need: another president with a rich history of extracting money from other people.

    • On January 28, 2013 at 11:50 am,
      jERRY THE SHORT...OOTB says:

      bj…..great thoughts…you are correct on the republican beggers….all politicians regardless of party or take what you can get…..from anyone……this govt. is way to large on fed., state, and local….they are all thugs…..bar none…..

  5. On January 28, 2013 at 8:15 am,
    James (the lesser) says:

    cfs2000 – I have to differ. History is replete with revolutions and/or wars that have been won by the minority. Just look at our own American Revolution. We were out manned, out gunned, out spent. Also look at the bible, plenty of battles won by the outnumbered side. Just remember the south almost won, but for Little Round Top and the 20th Maine. They were out manned, out spent, out gunned, but not out generaled!

    • On January 28, 2013 at 11:53 am,
      jERRY THE SHORT...OOTB says:

      James….always like the history secession…..the problem, with most people they know nothing about history……and that includes the bible……thanks for sharing…..ootb

  6. On January 28, 2013 at 9:07 am,
    Dick Tracy says:

    It’s presented in a hilarious manner but people south of our border haven’t been hit with a value added tax yet and here in Canada it means 13% of every transaction you make except some food stuffs. Just imagine the same video after a similar tax is imposed on the US. That includes all of your utility bills every month, plus, plus, plus.

    I was reading yesterday that the taxes recently imposed on the rich US citizens will all disappear in payments for the damage caused by Sandy. Still the war on drugs goes on, the huge military budget, Obamacare, Social security, etc, etc. Madness is afoot and when the interest rates start inching up you will be buried in super debt. DT

    • On January 28, 2013 at 11:56 am,
      jERRY THE SHORT...OOTB says:

      VAT TAX……value added tax…….where is the” value”…..better yet,,,,where is the beef….oootb

  7. On January 28, 2013 at 9:11 am,
    Dick Tracy says:

    It’s so bad out there and here as well that most people don’t understand the difference between the deficit and the debt. DT

    • On January 28, 2013 at 11:55 am,
      bj says:

      More misunderstanding out there than in here. The debt is the summation of all the deficit spending up it an instantaneous moment in time. Every dollar of deficit spending at every moment in time not only adds to the annual deficit, but also the total debt. So that $60B bailout to NY & NJ not only added to the deficit but to the total debt by that exact same amount.

    • On January 28, 2013 at 11:58 am,
      jERRY THE SHORT...OOTB says:

      DT…..THE DIFFERENCE IS…..
      “.deficit,,,debt”……YOU ARE STILL IN NEGITIVE TERRITORY