spending

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

› Continue reading

Technorati Tags: , , , , , , , , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , , , , , , , , ,

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

› Continue reading

Technorati Tags: , , , , , , , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , , , , , , , ,

Debt Comments Off

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

› Continue reading

Technorati Tags: , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , ,

Shields and Brooks on Debt Ceilings, Dodgers Takeover and NHL Playoffs

In this week’s Doubleheader with syndicated columnist Mark Shields and New York Times columnist David Brooks, we discussed how the arguments over the U.S. debt ceiling don’t seem to be disappearing. While Treasury Secretary Timothy Geithner has made the Sunday talk show circuit trying to quell investor fears that the United States could or would default on its loans, the debate continues.

Two articles about the debt debate referenced in our chat come from Matt Miller in the Washington Post by and Andrew McCarthy at the National Review.

As for the politics of sports, we mentioned the Los Angeles Dodgers, a team recently taken over by Major League Baseball — and how another team Brooks likes might benefit from the same treatment. The Christian Science Monitor has a decent primer on why it happened. We also briefly touch on what has become an exciting first round of playoffs in the NHL — most recently the Washington Captials over the New York Rangers in double overtime.

Duration : 0:6:2

› Continue reading

Technorati Tags: , , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , , ,

Debt Comments Off

U.S. student loan debt passes credit cards

With more students borrowing money for college, student loan debt in the U.S. is now greater than credit card debt. But, as Dean Reynolds reports, it’s still a smart investment.

Duration : 0:2:3

› Continue reading

Technorati Tags: , , , , , , , , , , , ,

Tags: , , , , , , , , , , , ,

Fmr. Cops Indicted for Using Dept. Credit Cards for Personal Use

FBN’s Eric Bolling on the former policemen indicted for allegedly using police department credit cards for personal use.

Duration : 0:1:39

› Continue reading

Technorati Tags: , , , , , , , , ,

Tags: , , , , , , , , ,

Credit Cards Comments Off

Interest on Government’s Debt Costing $4B a Day

FBN’s Neil Cavuto sounds off on the mounting government debt that is costing taxpayers billions every day just in interest alone.

Duration : 0:2:47

› Continue reading

Technorati Tags: , , , , , , , , , , ,

Tags: , , , , , , , , , , ,

GOP Study Committee Rep. – “We Have to Pull Debt Back”

Rep. James Lankford (R-Okla.), member of the Republican Study Committee has, along with his colleagues, introduced a set of proposals that they say would cut federal spending by $2.5 trillion over the next 10 years.

Duration : 0:7:48

› Continue reading

Technorati Tags: , , , , , , , , , , ,

Tags: , , , , , , , , , , ,

GOP Study Committee Rep. – “We Have to Pull Debt Back”

Rep. James Lankford (R-Okla.), member of the Republican Study Committee has, along with his colleagues, introduced a set of proposals that they say would cut federal spending by $2.5 trillion over the next 10 years.

Duration : 0:7:48

› Continue reading

Technorati Tags: , , , , , , , , , , ,

Tags: , , , , , , , , , , ,

Debt Comments Off

NBA Player Broke After 85% Interest Loan

Special Promotion: http://www.netflix.com/tyt

Check out Ana’s blog at: http://www.examiner.com/x-5445-Politics-in-Education-Examiner

New TYT Facebook Page(!): http://www.facebook.com/tytnation

Follow us on Twitter: http://twitter.com/theyoungturks

TYT Network (new WTF?! channel): http://www.youtube.com/user/whattheflickshow

Check Out TYT Interviews http://www.youtube.com/user/TYTInterviews

Watch more at http://www.theyoungturks.com

Duration : 0:4:40

› Continue reading

Technorati Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,