deficit
Watch President Obama’s Full News Conference on Debt Talks’ Latest Breakdown
More on the talks: http://to.pbs.org/orqI21
President Obama said in a Friday evening news conference that he will call leaders to the White House for a Saturday morning meeting, shortly after House Speaker John Boehner walked away from debt negotiations.
Duration : 0:31:8
Missionaries of Debt: ‘We help them to help themselves’
Watch full episode 146 of Keiser Report on Thursday. This week Max Keiser and co-host, Stacy Herbert, report on collectivist top down tyranny running our monetary system. In the second half of the show, Max talks to Eric Sprott about precious metals, the ever increasing margin requirements and the ever decreasing dollar.
KR on FB: www.facebook.com/keiserreport
Duration : 0:1:48
Rep. Ryan on Future Debt Burden
House Budget Committee chairman on outlook for next generation
Duration : 0:3:47
How Big is the U.S. Debt?
Economics professor Antony Davies illustrates the size the U.S. federal government’s debt and unfunded obligations. He breaks down the total U.S. debt and obligations into parts and compares them with the size of the GDP of countries around the world, showing the magnitude of America’s fiscal situation.
Want to give that graph a closer look? Prof. Davies has made it available on his website here:
http://www.antolin-davies.com/conventionalwisdom/governmentdebt.pdf
Duration : 0:1:18
Presentation explaining the U.S. government Sessions: With Budget Proposal, President Has Failed To Lead On Debt
To view the House and Senate Budget Committee joint Republican summary of the president’s budget, please click here: http://bit.ly/fpJueP
Duration : 0:5:16
‘Average Joes’ Take on Soaring U.S. Debt
FBNs ‘Average Joes’ tackle the growing impact of the nations increasing debt problem.
Duration : 0:3:51
Forbes on Fox: Debt Security Risk?
Intelligence officials say U.S. debt is threatening national security
Duration : 0:7:39
School House Rocks – Tyrannosaurus Debt
You will find your self singing this tune on your way to work, in the elevator, etc Like the Original School House Rocks it is a catchy song that helps you learn history. Abreviated and maybe not 100% accurate but at least you remember something right.
To help you out, here are the lyrics to help you sing along.
TOUR GUIDE: To your left, folks, is the Washington Monument, to your right, the White House. And over there, just beyond the Capitol, is the National Debt!
TOURISTS: Oooo! Wow!
There’s something huge
Red, white, and blue
That’s grazing in D.C.
It’s gobbling up the taxes
That are paid by you and me
It doesn’t seem to notice
We really can’t afford
The billions that it’s costing us
To pay its room and board
It doesn’t roam
But seems content
To dwell on Capitol Hill
As long as trucks keep pulling up
With tons of green-back bills
We’ve got to feed the big guy
We really can’t forget
It has an awesome appetite
Tyrannosaurus Debt
TOUR GUIDE: The debt was born in 1790 when our new government took over 75 million the colonies spent in the Revolutionary War.
We’ve got to feed the monster
So it doesn’t get upset
It’s got an awesome appetite
Tyrannosaurus Debt
TOUR GUIDE: Alexander Hamilton, our first Secretary of the Treasury (he’s on the 10, you know), wanted a federal debt to provide a reason to establish taxes to support our new nation.
The debt was young, they kept it small
They didn’t know back then
In 1812 another war would make it grow again
By ’66 the Civil War had cost the nation millions
The government in Washington now had a debt of billions
TOUR GUIDE: The Civil War ran up a debt of almost three billion dollars that still wasn’t paid off by World War One.
We’re spending money we don’t have
Or so it would appear
The deficit is that amount we overspend each year
Though congressmen and senators
Make vows to cut its size
Despite their honest efforts
The debt just seems to rise
TOUR GUIDE: Now the debt’s over 4 trillion dollars and still growing…
A balanced budget would be great
To spend within our means
To stop the monster in its tracks
Before we bust our seams
It feeds on just the interest
Its appetite is whet
It never, ever stops to rest
Tyrannosaurus Debt
TOUR GUIDE: And this is the U.S. Treasury. It sells Treasury Bonds, bills, and notes, and savings bonds to finance the debt. The U.S. government promises to pay the owner interest plus the value of each bond at a future date.
We’ve got to try to tame the debt
And bring it down to size
To let it grow unchecked like this
Is certainly unwise
The debt‘s a monster problem
That we really can’t ignore
I guess we should be grateful
That it’s not a carnivore
We’ve got to keep on servicing
Our trillion dollar pet
It’s got a monster appetite
Tyrannosaurus Debt
A fiscal misadventure
With trillion dollar dentures
Tyrannosaurus Debt
TOUR GUIDE: Feeding time is ALL the time.
Duration : 0:3:2
Chambliss, Warner Discuss U.S. Debt, Deficit Commission
Jan. 31 (Bloomberg) — U.S. Senators Saxby Chambliss, a Georgia Republican, and Mark Warner, a Virginia Democrat, talk about efforts to reduce the federal budget deficit and recommendations by the bipartisan deficit commission.
Warner and Chambliss talk with Peter Cook on Bloomberg Television’s “Street Smart.” (This is an excerpt from the full interview. Source: Bloomberg)
Duration : 0:1:40
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