Image by cobalt123 via Flickr
The attached video offer a very nice, less-than-2-minutes-long, explanation of the national debt and the government’s current attempts to reduce it.
Although this video focuses on President Obama’s earlier promise to “somehow” cut the budget by a “massive” $100 million, the Republican Party’s current “effort” to cut the budget by $56 billion is just as pathetic. In the context of this video, the President’s $100 million is represented by a mere quarter of a penny. In the context of this video, the Republicans’ proposed $56 billion cut would be represented by about 140 pennies–which, as you’ll see, is also a triviality given the dimension of the problem.
Implication: While politicians grandstand about trying to fix the national debt, that debt will not be significantly reduced by our politicians until we are in the midst of a real economic catastrophe.
video 00:01:38
Jim
March 9, 2011 at 10:16 AM
One video can undo an expensive web of deceit woven by the media.