Ten Trillion two years ago... now over 14 Trillion...
...(just shy of the entire US GDP!!... $130k per taxpayer!!)
A program that everyone needs to see if the search for solutions is ever going to get beyond simplistic, accusatory catchphrases at times passing for economic policy debate in government.
Yea, Obama inherited lots of it... the federal government had already been borrowing huge numbers, and now, as the only entity big enough to revive the gasping economy, it has had to borrow much more.
The “starve the beast” economic philosophy, keep taxes low so government spending will automatically be kept low for lack of money, was a disaster, and ran off the rails.
And Bush took things an unprecedented step further by cutting taxes while simultaneously going to war...
... borrowing money from China while giving tax cuts to the most well-off people in the country... leaving the kids & gk's an outrageous bill for a war he and his cabal chose to fight.
The program just starts to scratch the surface on how we now have Obama following along this exact same path (led by most of the same group a guys got us there to begin with), and adding to the numbers... big time.
We have lived way beyond our means and we’re going to have to pay for it by spending much less on benefits, and we're going to have to collect more taxes.
A hard message to sell when unemployment is low and everybody’s feeling good... it’s impossible when people are frightened they’re going to lose their houses, their jobs, and their kids are going to be out of work.
And while we're still debating... the...
(check out these staggering numbers)
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.
No longer a government by free opinion, no longer a government by conviction and vote of majority, but a government by the opinion and duress of a small group of dominant men.”
– President Woodrow Wilson
Netflix: Frontline: Ten Trillion and Counting
