The National Debt: Last Week Tonight with John Oliver (HBO)

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LastWeekTonight

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The national debt has long been portrayed as a burden we’re placing on future generations. John Oliver discusses how national debt works, why people are so concerned about it, and why it might be more helpful that you think.
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Kommentarer
spook
spook 57 minutter siden
We know everything exactly how it works yet with each financial crisis we are left with our mouths and eyes wide open.
Elle Russell
Elle Russell Time siden
For me, the worst part of this whole thing was the poor dog at the riots.
Brazylilionare Woods brazyl
Brazylilionare Woods brazyl Time siden
Love it, love everything about it, the ending was spectacular, you nailed it once again John, great job 👍⭐️⭐️⭐️⭐️⭐️
Axis Galaxis
Axis Galaxis Time siden
So who got d money cuz we sure didn’t get it?
Stefan Zzz
Stefan Zzz Time siden
John, the issue of debt will come to roost when inflation pays you a visit. High debt with low interest is fine and dandy... but...
uberx24
uberx24 Time siden
As someone who plays city skylines: building an industrial zone (factory in this analogy) off of a loan is the best investment to pay off the negative money you've accumulated from city growth.
Albert Camus
Albert Camus Time siden
hmmm u should run analytics on the rario of likes/dislikes,,,could actually be some contingent indicator or something
Albert Camus
Albert Camus Time siden
hahaha i love how just be starting any given video by looking at the dislikes i can somewhat guage the degree of "idiocracy" out there haha...sooo this one had 8.7 thousand morons?? WOWW
mgwilt
mgwilt 2 timer siden
The way debt works in the macroeconomy is not the same as how it works for, say, a mortgage. That seems to be the case, anyway.
David Acero
David Acero 2 timer siden
I really hope the 5 million people who watched this now understand the debt better,
troglodyte01
troglodyte01 2 timer siden
21:05 Notice the dates on the urn?
Beck Cetera
Beck Cetera 2 timer siden
People think that lower tax rates are a good thing...they don't actually get how tax rates apply to income bracket and personal vs. business tax. The USA doesn't seem to get how tax works haha.
frozenboot68
frozenboot68 3 timer siden
14:40 that poor dog.
frozenboot68
frozenboot68 3 timer siden
Stupid right wingers don’t get it.
frozenboot68
frozenboot68 3 timer siden
I remember Reagan as one of the worst US Presidents ever. And there is a library named after him? He who never read books? And an airport? He who caused utter chaos in the skies by single handed lay trying to dismantle the air traffic controllers? Pulease. Stop re-writing history, Americans.
BruceNJeffAreMyFlies
BruceNJeffAreMyFlies 3 timer siden
So china owns 1.1 tril of americas debt, america owns over 2 tril of chinas debt, but they have kids swearing allegiance to the Chinese over debt... American republicans are fucking insane.
Moza G Smith
Moza G Smith 4 timer siden
I have a favourite kind of calculator... but that isn't because I'm good at maths, it's just cuz I grew up in a school where it was cool to be smart and pitiful to be and idiot... Not that idiots got bullied, no it was already assumed that their parents were doing that for them. . . I liked the calculator that looked all smooth and was easy to use and read.
dollores
dollores 4 timer siden
God damn I hate Bush Jr. He's the reason we can't bankrupt our student loans
Sauharda Rawat
Sauharda Rawat 4 timer siden
We need to have serious discussion on this flaky financial system. Don't you think, a system where if you put an input, your output would DEFINITELY be lower, (by 2-10%) is broken. Why have we all adopted such a lousy system. Lower interest rates would lead to more inflation in coming years. It's a trap!
Lex Blazer
Lex Blazer 4 timer siden
Yikes. Disastrous John Oliver piece - maybe the worst I've ever seen from him in 5 years - there's only one part he got right....HE (and his writers) truly do not understand how inflation, interest rates, debt or any of it work. Apparently, as long as it fits the current MSM narrative, we should spend without worrying about any of those.
aquavita1
aquavita1 4 timer siden
Debt is not bad by nature, but it makes the borrower more vulnerable. When running a lot of debt, the borrower will rely on additional debt to close the yearly deficit. The actual tipping point accurs when lenders lose confidence in the borrower's ability to repay and stop lending. That is why noone knows when the tipping point will come, as it relies heavily on reputation. I don't see USA losing public trust any time soon, but it is not a safe route to take.
Donnie Darko
Donnie Darko 4 timer siden
What we really need is a separation of State and Money. When the state prints money, however noble the cause, it is diluting the savings of its citizens and redistributing that purchasing power to bureaucrats who then decides how that new money is spent. This puts the bureaucrats in a highly corruptible position. Those closest to the new money (govt contractors, wallstreet etc) benefit from the Cantillon effect - taking advantage of low prices before prices can adjust to the inflation. The new money usually flows into assets - stocks, real estate etc - as unallocated money always finds its way into high return investments, thus causing asset bubbles. The rich who own assets get richer while the poor, who now have diluted dollars have to work harder to afford the same standard of living as before the inflation. The poor then demand entitlements, which leads to more money printing and more inflation, which just exacerbates the problem. Over decades, the middle class disappears and society bifurcates into rich (asset holders) and poor (cash holders). Then revolutions occur.
Nick Flaumitsch
Nick Flaumitsch 4 timer siden
Stephanie Kelton's - "The Deficit Myth" if you want an economist who can explain this shit.
Mikihisa Karibe
Mikihisa Karibe 4 timer siden
Not to be racist, but I like this show
Matt
Matt 5 timer siden
The moment interet rates increase, the debt will become an issue. Spend money on infrastructure in bad times, save money in good times. But don't spend money you don't have all the time
Nic Halabicky
Nic Halabicky 5 timer siden
We have a democrat as president which means it's time for republicans to start pretending they care about the national debt again. Even though historically the deficit skyrockets every time they're in office
Cody Eason
Cody Eason 5 timer siden
You should replace Trump's hands with chicken feet. His hands looked like gross chicken feet.
TheFreePantheist
TheFreePantheist 5 timer siden
Gold is money, Dollars are debt
JoJoPanda03
JoJoPanda03 5 timer siden
Lovable human rights violation..... so accurate
David A
David A 5 timer siden
What a bunch of nonsense... The arrogance of these media characters is astonishing: who needs to know about History and Economics to talk about History and Economics?
Rebecca Firlotte
Rebecca Firlotte 6 timer siden
He should get all of his poems put into an anthology. I'd buy it. Just like Marlon Bundo! Screw Ted Cruz
ZT1ST
ZT1ST 6 timer siden
@20:15; HBO Execs: "Really, John? You want to buy *two* Nick Cage in a Banana Pillows? And how do you expect us to get value from that?" John: "That's a good point - you should spend some of that money keeping your children pre-occupied talking about the economy." HBO Execs: "Wait - you have an idea of a Covid-safe way to keep our children busy for a few minutes? Okay, if that's the deal for getting you those two Nick Cage Banana Pillows, that's a bargain - what's the script they have to learn?"
Oscar Viaje
Oscar Viaje 6 timer siden
I love your poem made for Ted Cruz...
Renato Corvaro
Renato Corvaro 6 timer siden
Hearing Republicans complaining about the debt they're largely responsible for is par for the course.
Ragnar Ólafsson
Ragnar Ólafsson 6 timer siden
Nailed it! Thank you 🙏🏻
Danny MacDonald
Danny MacDonald 6 timer siden
You CANT talk debt now republicans,....🤨🤔🙄👎🧐🤢🤮
Artsy_Judoka
Artsy_Judoka 6 timer siden
The fact that even people whose whole job is to understand the economy aren't really sure what's going on is terrifying. Inventing money was a big mistake.
Patrick Granahan
Patrick Granahan 6 timer siden
And the guy who started an insurrection filed for bankruptcy 6 times...he blew daddy’s money and then relied upon the Russian mob and putin..still the orange face of the not so gop...smh
SuzukiKid400
SuzukiKid400 6 timer siden
This was pretty poor journalism. Was hoping for facts on deficits and debt and it was just a video of republican bashing. Why can’t anyone just make factual videos instead of trying to sound righteous. The part about Greece going bankrupt and him making jokes just show how uneducated he his about that situation. Greece was literally bailed out by the European Union. If the US debt condition becomes as bad as Greece, who will bail the US out?
Pandaboi
Pandaboi 5 timer siden
@SuzukiKid400 Fundamentally, giving money to the rich is bad for the economy, giving money to create infrastructure, create jobs, and support the poor is good for the economy. We have more than the US base that assertion on. The Republicans are famous for tax cuts to the rich. Regardless of how you look at it, the Republicans actions are worse for the economy. It's not just cause and effect, it's inductive reasoning.
SuzukiKid400
SuzukiKid400 6 timer siden
@alexlikesallthegamez yeah, I get it, it’s a simple concept to understand.
alexlikesallthegamez
alexlikesallthegamez 6 timer siden
Pretty much, we can loan money as a country to save money in the future or to make money as an investment. If we use the money incorrectly we lose money. The dept could be a good or bad thing. We might be able to fix the dept but we are doing it improperly. There is a possibility that the US turns out like Greece but that hasn't happened. John is usually right and uses comedy to make his videos more interesting to some people.
SuzukiKid400
SuzukiKid400 6 timer siden
@Pandaboi I think you missed the point of the video. You can’t correlate anything to a particular party. They can’t explain why interest rates are going down, they can’t correlate good debt vs bad debt, they don’t know if the US will end up like Greece or not. The segment was just a bunch of assumptions and assertions making forced conclusions on the basis of party bashing. The cause and effect of what one party does melts into the next. Modern politics are all about buying votes to stay in power, not about making wise investments for our future.
Pandaboi
Pandaboi 6 timer siden
Watch the video again, and this time pay attention. The danger of debt surpassing growth is real and concerning, but the republicans have been rapidly racking up debt without increasing growth. The video covered this, hence why it was necessary to bash the hollow shell of what was once the Republican party.
Ruslan Kain
Ruslan Kain 6 timer siden
Basically, modern monetary theorem (MMT) - which is controversial and gives printing jaw-dropping amounts of money sum flair of intellectualism. Also, we do know how interest rates are determined ... they're determined by the federal reserve bank (central bank). Also also, what about the trillions of debt created on stimulus checks that don't lead to increased economic production? wouldn't that lead to inflation?
Pandaboi
Pandaboi 6 timer siden
Giving money to the rich and they save it, give money to the poor and they go and buy food. The economy thrives when money circulates, hence giving to the poor is better.
Julian Kelly
Julian Kelly 7 timer siden
Who else can't wait to hear John's thoughts about Liverpool joining the corrupt European Super League?
your name
your name 7 timer siden
If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35 You Have No Brain" -Winston Churchil
Pandaboi
Pandaboi 6 timer siden
I do not understand how that fits in.
DanCanRV2
DanCanRV2 7 timer siden
Where was all this GOP concerns when it came to Defense spending and trumps tax break for the rich ???
C.E J
C.E J 7 timer siden
Why is there such an obsession with China with American politicians? Like why does the US and the West always have to be so antagonistic towards the East?
Pandaboi
Pandaboi 6 timer siden
Well China is a totalitarian regime with a population of 1.2 billion that is making efforts to expand their influence. Of course, China is on the cusp of significant internal turmoil due to a few major failings on the part of the government so their influence isn't likely to continue on this upward trend. I'll give my opinion even though you didn't ask it. Despite their self-destruction, we should definitely do something against them, and my first choice would actually be what Biden has done and push to manufacture computer chips domestically. Many experts believe that if World War 3 occurs, it'll be a cyberwar, so to address that possibility the first step would not be military spending but be building redundancy and security into critical infrastructure.
TarriPup
TarriPup 7 timer siden
RIP John, although that probably won't stop him from broadcasting from the afterlife, which coincidentally is also a white void. And if we ever return to a studio setting with an audience, the audience is also dead. John Oliver, now John Odeader, fucking shit up for God and Satan for shits and giggles.
John Hofer
John Hofer 7 timer siden
I know I'm just a ripple in the pond, but keep fighting the good fight, John (and crew!) You are the modern Jon Stewart
seneca983
seneca983 7 timer siden
Japan's debt-to-GDP ratio is almost 250%.
Pandaboi
Pandaboi 6 timer siden
Also worth noting, they have one of the lowest unemployment rates in the world.
SleepingDrag0n
SleepingDrag0n 7 timer siden
Over 20 minutes of bullshitting and you didn't even mention the real reason behind the debt being a non issue for America. It's the US dollar's global hegemony as the reserve currency, enforced by the US military. The Fed can print pieces of paper, and other countries are forced to give you actually products and goods in exchange for those pieces of paper. Those who don't get accused of human rights violation and get "freedom and democracy" dropped on their cities. How else do you think a country full of twats like you can enjoy your first world standard of living when all of your just sit around yapping instead of actually producing any of the goods you consume? Fuck you, fuck your Democrats, fuck your Republicans, fuck your whole country that holds a gun to the heads of the real workers of the world and says "give me stuff for these green piece of paper or I shoot".
Pandaboi
Pandaboi 6 timer siden
It's not so much that it's the global reserve currency by force. Because it's the global reserve currency it's stable, and because it's stable it's the global reserve currency.
devilaces
devilaces 7 timer siden
Republicans: "You're going to leave the children starving and without hope!" Democrats: "Then we can agree on funding for child care and education?" Republicans: "Hell no! Cut social services and education! No one uses that waste!"
Dan Riverso
Dan Riverso 7 timer siden
This will not age well. You conveniently left out some very important points. Further, keep in mind that debt wasn’t seen to be an issue before the ‘08 financial crisis.
amanda Marie
amanda Marie 8 timer siden
Please dont support a charity that supports eugenics. Listen to Autistic people, we do not want this, you are hurting our community!
Pandaboi
Pandaboi 6 timer siden
?
K C
K C 8 timer siden
Clinton finished over a trillion in debt
Pandaboi
Pandaboi 6 timer siden
Bush was 5.8 trillion, and Trump was 6.7 trillion. Reagan was almost 2 trilion. Admittedly, Obama was higher than all three of them, but that was during a recession, a time in which it's accepted by anyone with any understanding of economics that accumulating debt is not only acceptable but advisable.
Peter Xian
Peter Xian 8 timer siden
Let's Go!!! take on more margins and swim ...
Peter Xian
Peter Xian 8 timer siden
Interest rates normally correlates with risks. when they are low across the developed world, this should mean we are in a much safer environment than in the 80s... cold war, remember?
agentchuck2
agentchuck2 8 timer siden
Yeah everyone, grow up! Ballooning debt under the democrats is clearly going to be a good thing for you and the future! I mean, it was awful under the other party, but this is clearly 'good' debt.
Pandaboi
Pandaboi 6 timer siden
The point was that the Republicans accumulated debt with tax cuts for the rich, something which actively hurts the economy, while the Democrats accumulated debt through public spending, which benefits the economy. Not to mention Republicans accumulate way more debt.
Calie-Anne Caz
Calie-Anne Caz 8 timer siden
I’ll never understand how governments always give tax cuts to the richest ppl and over tax the lowest earners? Wouldn’t it be a lot smarter to tax the top 10% of earners 2% of their earnings then to tax the lowest earners 20% (just estimating pls don’t fact check just making a point)I’m sure the 2% from rich ppls pockets would likely be a lot less noticeable by the tax payer and the government would be making way more then they would taxing the lowest earners 20% and they (the lowest earners) will feel it a lot harder then the top 10% will. Can someone in economics do the math cuz I do t see how no one sees this the only reason i can think of is they (the government) don’t want to Piss off their friends 🤯🤬
Pandaboi
Pandaboi 6 timer siden
There's no economic sense behind it, the Republicans are just trash human beings.
jello hunter7
jello hunter7 8 timer siden
This argument makes the point that debt is an investment in schools/infrastructure, while completely ignoring that a large part of government spending is entitlements and the military.
Peter Ilisituk
Peter Ilisituk 8 timer siden
It amazes me that John Oliver didn't talk about the South Seas bubble debt.
Jeremy Armstrong
Jeremy Armstrong 8 timer siden
Texas Instruments 84 plus is obviously the best graphing calculator
Guzwar
Guzwar 9 timer siden
That poor polar bear.
alexiane250
alexiane250 9 timer siden
"we are worried about the children's future" says the party that is AGGRESSIVELY against anything to stop / reverse climate change
despairedboy
despairedboy 9 timer siden
Now we know where 45 learnt how to pronounce Chyena, as always, it all comes back to Sarah Palin.
Shelly Justice
Shelly Justice 9 timer siden
Republicans have memory loss of Bush's useless and extremely expensive wars... the only place that FBI said was where the planned 9/11 attacks came from was Saudi Arabia.... but the Bush's love Saudi so much, they attacked other nations that had never hurt anyone... because people wanted justice immediately.... they trained soldiers to just kill kill kill... they killed fucking civilians in Iraq and Afghanistan for no fucking reason!! Why would Bush punish bin Laden??? He was his business partner!! After 9/11 , Bush immediately chartered all Bin Laden living in the USA and flew them all back to Saudi Arabia for their protection??? -- on taxpayers money to boot.
NB_Knight
NB_Knight 9 timer siden
"that sounds like something that's gonna take about 3 pages of your notes app" thats GOLD
bitsizecrayons
bitsizecrayons 9 timer siden
Havent watched this fuck in four years. Still same whiny little bitch he was before
Nathan Carmichael
Nathan Carmichael 9 timer siden
That suit is a beautiful shade of mediocre
K3VYK3V1
K3VYK3V1 9 timer siden
.."going into debt can actually be a good investment in the country", and how much of the u.s. national debt has been a good investment?
D Topa
D Topa 9 timer siden
Finally in Canada
GiarkReleos
GiarkReleos 9 timer siden
17:08 the answer is greed. . . don't forget once you got more borrower's you can always increase the interest rate. AND remember that interest is not a capitalist tool, but a Fascist one !!
2HelpfulGuys
2HelpfulGuys 9 timer siden
How do you talk about debt and not address central banks...
Custo
Custo 9 timer siden
Amusing that they made fun of Elon Musk, insinuating that government subsidies of EVs is bad?
Artillery116
Artillery116 10 timer siden
Aren’t the republicans the one that went farther into debt to give rich corporations more money?
James McCarte
James McCarte 10 timer siden
Funny how economists have NO idea what is going on, and yet the right STILL keeps telling us "listen to the economists"!!!!!!!!!!!!!!!!!!!!!
Thirst Fast
Thirst Fast 10 timer siden
You know when you get so drunk when you don't think pounding a bunch more is a bad idea, but really that's going to guarantee that you're going to puke for 2 hours now, and then be sick the whole next day? America is that kind of drunk right now. Don't believe me? Think about how impaired the general intelligence is, and how ready to fight everyone is. USA making the decisions now that ensure she's gonna puke then hang over, and it ain't gonna be pretty.
HoodieSticks
HoodieSticks 10 timer siden
I'm always impressed by LWT's ability to find child actors willing to drop F-bombs on TV.
James McCarte
James McCarte 10 timer siden
debt = slavery. At certain times and places in history, people WERE enslaved for debt. Like in classical Greece and ancient Israel
James McCarte
James McCarte 10 timer siden
Sarah Palin sounded like fucking Mickey Mouse!!!!!!!!!!!!!!!!!!!!
James McCarte
James McCarte 10 timer siden
Funny how the people who bitch about the national debt ALWAYS have more money for the military!!!!!!!!!!!!! And always find reasons to start a new fucking war!
capefeather
capefeather 10 timer siden
Given what many of them do and where many of them get their money from, I'd argue that Republicans know exactly how debt works and are just lying to stoke racist fears.
Slippy Slip
Slippy Slip 12 timer siden
Love it. Not an economist. Last national debt england had, ameribro bailed them out. This time, nobody remembers the 70's. All of you will learn what pain is, and crumbs, and lines, and lead.
Nick R.
Nick R. 13 timer siden
He said yes to the Contras to allow the sale of cocaine in the US to raise money for a secret foreign war that was a complete failure.
Fabricio Fercher
Fabricio Fercher 14 timer siden
POLITICS CAN NOT GARANTE COMPETENCE.
Corey Fizer
Corey Fizer 14 timer siden
With Biden in office it will only skyrocket further. His policies are awful for the economy.
Jason Anderson
Jason Anderson 14 timer siden
Republicans only care about debt when democrats are running it up with social programs. Democrats only care about it when the republicans run it up throwing money at the military industrial complex. You can easily find examples of right and left wing media personalities both defending and criticizing running it up. For an example just watch this. A left wing comedian/commentator defending a left wing president and senate running up the debt while having previously criticized the right for the same thing. If you really want to do anything about it, you will have to tighten up all spending and the only way to do that is stop electing people that you can assume their entire platform based on whether their last name is followed by R or D.
William Johnson
William Johnson 14 timer siden
Honestly so many people don't know that you need to spend to gain, and I'm like... Have you not played a Clicker Game like cookie clicker or Adventure Capitalist? in those games you have to spend to earn.
Affaan
Affaan 15 timer siden
I needed Dave Ramsey here!
Donald Kronos
Donald Kronos 16 timer siden
Anybody who hasn't watched this video to the end really needs to watch the whole thing all the way through or at least pick up where they left off. That bit at the end is priceless, and it's even better in context.
T Lindsay
T Lindsay 16 timer siden
The amount of respect I have lost for your work after finding out you’re associated with the next for autism event is astronomical. If you can’t do the one google search it takes to listen to autistic voices on this matter, then I dont trust you to properly research your stories. Nothing about us, without us!
coda creator
coda creator 17 timer siden
Bank bailouts that create a deficit: Perfectly acceptable. Mortgage bailouts direct to homeowners that would have kept millions of families in their homes and mitigated some of the ridiculous hike in housing costs that resulted from the bank bailouts: Socialism It's a system that preys upon the working class for the benefit of the wealthy. We can run this level of debt because investors are confident in our ability to pay it back. Ironically, as incomes continue to shrink, jobs get automated out of existence and fewer and fewer people doing the work of more and more displaced workers, our tax revenues are shrinking, too. The transfer of wealth upward that has created some 660+ billionaires in America, must be reversed or our economy which depends for its existence on a consumer class with disposable income will implode. Warren Buffett knows this, we do most of the savvy investors. But we've let too many idiots into to the wealthy club (don't believe me? Listen to them speak) and the ridiculously destructive #mefirst mentality has taken over. They've gone on to convince their followers that the reason they're struggling is not because they're being cornholed by their rich and corporate handlers, but because the government is conspiring against them to take what they have and give it to poor, undeserving people who don't work -- which is absolutely bullshit. Good on ya', Trumpist/conspiracy/narcissists. YOU are the problem.
danail iliev
danail iliev 17 timer siden
Why do i know what his opinoin is on everything
coda creator
coda creator 17 timer siden
The reason we have the level of debt we do is that the country needs to spend money to maintain itself and for 40 years, we've been letting the rich and corporations pay far less than their share. Some of that falls on the middle class (pushing people into the false belief that its government spending that is eating their paychecks) and the majority gets calculated as debt because we've had to borrow what the rich and corporations haven't paid. We keep buying into the myth that if we don't keep subsidizing the rich and corporations, they'll stop investing in jobs and growth -- except it's not true on a couple of levels: 1) rich people don't create jobs, and 2) their relocation elsewhere to avoid paying taxes could easily be rectified. It's all about the will and ability to address inequality in America.
coda creator
coda creator 17 timer siden
The greatest public expenditures in US history occured under FDR and built the nation that everyone so fondly remembers as Great. The irony of MAGA is that the level of ignorance as to this simple fact is astounding. The GOP uses Abraham Lincoln as the face of the party (which carries its own problems) that united America while completely glossing over the fact that Franklin Delano Roosevelt presided over the most aggressive public investment programs ever which represented the largest transfer of wealth in our history and resulted in our most successful, productive, and prosperous growth in history.
Apologetic Antichrist
Apologetic Antichrist 10 timer siden
The irony is that government debt is corporate investment by another means. However, this way they are ostensibly guaranteed a return on investment. Increasing the debt is much like the government issuing shares of itself to whoever has the money to buy them, whether that be banks, pensions, hedge funds, or foreign investors. It’d be a challenge untangle it to see who, exactly, holds the most cards, but it isn’t going to be the government or all of the people it represents. Bear in mind that Wall St has held other countries hostage in this way. We’re better positioned than those countries, but I don’t see any guarantees.
Apologetic Antichrist
Apologetic Antichrist 10 timer siden
Those expenditures were largely not “investment”. Those were just the costs of doing war. (Granted, military spending has a side effect of building industry, so your theory is not wholly off.) The New Deal represented far less public investment than we do now. I’d agree with you on some other points, but this little piece of propaganda seems like it might inform some poor judgments.
Tgs T.Schuebel Tgs
Tgs T.Schuebel Tgs 17 timer siden
#hackThePlanet
coda creator
coda creator 17 timer siden
A huge factor in debt, spending, and economic health is consumer confidence which can also be expressed as trust in our government and country. The irony is that the more the rich screw the poor, the more unstable and unpredictable the future outcome.
Orange Juice
Orange Juice 17 timer siden
So the question becomes: what is America's credit score?
coda creator
coda creator 17 timer siden
John Stossel flipped his ideology and went totally off the deep end. He's become a Conservative mouthpiece and fear monger. Sort of pulling his own Geraldo.
coda creator
coda creator 17 timer siden
Ted Cruz: Rein in spending. For everyone else. Slip off to Mexico when the SHTF.
coda creator
coda creator 17 timer siden
It all comes down to where the money goes. If it's intended to enrich the top, it's fine. If it's intended to build and lift the bottom, it's potentially destructive.
coda creator
coda creator 17 timer siden
Terror tactics based on business principles applied to government for the express purpose of eliminating public spending like education that increases the earning power of the population in favor of "investment" like the military industrial complex, bank and Wall Street bailouts which does diddly shit for the people.
Lucas Gardezani Abduch
Lucas Gardezani Abduch 17 timer siden
Have you heard of bitcoin? You may be interested on studying its history and also reading "debt: the first 5000 years"
Alec Waples-Dexter
Alec Waples-Dexter 6 timer siden
RIP David Graeber
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