Obama
Remy: Raise The Debt Ceiling Rap
We may not be able to address our current debt ceiling woes, but we can at least put them to a good beat.
Visit the links below for more Reason coverage on the debt, deficit and government spending:
Five Facts About the Debt
http://reason.com/archives/2011/07/25/five-facts-about-the-debt
The Facts About the Debt Ceiling
http://reason.com/archives/2011/07/18/the-facts-about-the-debt-ceili
Reason.com Topics: Government Spending
http://reason.com/topics/goverment-spending
“Raise the Debt Ceiling” is the third of a series of collaborations between Remy and Reason.tv. To watch Remy’s other videos, go to http:youtube.com/goremy
Music by Remy. Video shot and produced by Meredith Bragg.
Download the mp3 and HD versions at http://reason.tv, the video channel for Reason magazine and http://reason.com
LYRICS:
Raise da debt ceiling!
Raise da debt ceiling!
Raise da debt ceiling!
Raise da debt ceiling!
14 trillion in debt
but yo we ain’t got no qualms
droppin $100 bills
and million dollar bombs
spending money we don’t have
that’s the name of the game
they call me cumulo nimbus
because you KNOW I make it rain
bail out all kind of cars
got all kind of whips
ladies ask me how I get em
I tell em STIMULUS
Social Security surplus?
Oh, guess what? it’s gone
I got my hands on everything
like Dominique Strauss Kahn
ain’t got no Medicare trust fund
son, that’s just absurd
spending every single penny that
we see, son, have you heard?
ain’t got no moral objections
ain’t got kind of complaints
ain’t got no quantitative
statutory budget restraints
so…
[CHORUS]
Yo, we up in the Fed
and we living in style
Spending lots of money
while we sipping crystal
still making it rain
and yeah it be so pleasing
wait, not making it rain–
we be “Quantitative Easing!”
QE1, QE2
QE4, QE3
Dropping IOU’s
in every fund that I see
printing the cash
inflating the monies
callin up China
“a-yo we straight out of 20′s!”
in the club
we be louding out
while to the market, yeah
we be crowding out
on the beach getting tan
and sipping Corona
we got a monetary plan–
and it involves a lot of toner…
[CHORUS]
So if you look at the chart
and examine the trend
we borrow 40 cents of every
single dollar we spend
and non-discretionary spending
increases every day
do you have a comment for Committee?
I MAKE IT RAIN
Mr. Speaker, Mr. Speaker
would you beam me up?
A Congressperson cutting spending?
Couldn’t dream me up
We’re gonna default
if we follow this road!
I should have thought of this
14 trillion dollars ago!
I’m the king of the links
I’m a menace at tennis
I’m sticking spinnaz on my rims
picking winnaz in business
if you’re looking for some cash
it’s about to get heavy
I got some big ol’ piles of money
and guess what–they shovel ready
[CHORUS]
Duration : 0:2:21
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
Obama’s New Credit Card Laws
Review of this week’s money saving articles about Credit Cards.
New credit card laws passed by the Obama Administration last year have definitely helped consumers get treated more fairly. However, with every action, there is a reaction and the banks have figured out several new credit card tricks and loop holes to recapture revenue lost due to the new law. Don’t miss our series of credit card articles which give you a heads up on what to look for when shopping for a credit card.
Check out all of this week’s articles which are full of money saving and credit rebuilding tips about credit cards — both secured cards and unsecured cards.
Duration : 0:2:33
Holtz-Eakin Urges Obama to Take Lead on Debt Solution
June 9 (Bloomberg) — Douglas Holtz-Eakin, president of the American Action Forum, and Joseph Minarik, senior vice president and director of research at the Committee for Economic Development, talk about the U.S. debt ceiling and the need for bipartisan cooperation on fiscal policy.
Any U.S. debt default would be very serious and the government should stop playing with fire, said Li Daokui, an adviser to the People’s Bank of China, according to a Reuters report. Holtz-Eakin and Minarik speak with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)
Duration : 0:7:29
Loan modifications floundering
The Home Affordable Modification Program, or HAMP, put in place by the Obama Administration, was designed to provide modified home loans to prevent foreclosure. But, as Bill Whitaker reports, the program isn’t working.
Duration : 0:2:39
Credit Cards The Fine Print – Bloomberg: Your Money
President Obama signed the Credit Card Accountability Responsiblity and Disclosure Act in May of 2009. This sweeping lesgislation has changed the fine print in the cardholder agreements that come with your credit card. Find out how the what the new law will affect you.
Duration : 0:2:35
Peter Schiff: US dives deeper in debt, stimulus makes it worse
Moody’s ratings agency has warned the U.S. it may downgrade its credit rating if Washington doesn’t make progress on dealing with its debt. There’s increased speculation the U.S. will have to raise it’s debt ceiling which was already reached in mid-May. But economist Peter Schiff believes that will only make a bad situation worse…
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Duration : 0:0:57
Shopping for Credit Cards – Bloomberg: Your Money
What type of credit card consumer are you? The way you use your card might impact the type of credit card you use. Find out how to compare credit cards and how the Credit Card Act of 2009 will affect future purchases you make.
Duration : 0:2:35
Economist likens U.S. debt default to “Doomsday”
Business and economics correspondent Rebecca Jarvis reports on the measures taken by the U.S. Treasury to prevent a debt default, which economists predict would be catastrophic.
Duration : 0:3:9
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