We are nearing the edge of collapse. Spending has really gone out of control. The last 3 years under Obama have been an explosion of spending. QE3 will come and debase the dollar even more. Money is noticeably worth less already from the QE1, QE2 and banks bailouts and the substantial increase in spending. . In short order we well be totally enslaved to bankers, like some countries in Europe where the lenders are dictating the terms.


Some say raise taxes. Even if one could tax every corporate and rich person there still be a drop in the bucket. Sure you might scrape up for 1 year of cash to cover government spending. Then what? everyone will be tapped out. (Penn Jillette did a podcast that was posted on th sift that addressed this aspect. I just cant find it now.)


Only through cutting spending and getting our debt down to a respectable level will turn this ship around.

Moving this video to GenjiKilpatrick's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

*dead due to copyright claims.

This video has been declared non-functional; embed code must be fixed within 2 days or it will be sent to the dead pool - declared dead by RadHazG.

Awarding Boise_Lib with one Power Point for fixing this video's dead embed code.