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15 Comments
siftbotsays...The thumbnail image for this video has been updated - thumbnail added by eric3579.
eric3579says...*blocked in canada. Canadians can view here. http://www.thecomedynetwork.ca/Shows/TheDailyShow?vid=765375
siftbotsays...This video has been flagged as having an embed that is Region Blocked to not function in certain geographical locations - declared blocked by eric3579.
RedSkysays...This is one I really struggle to reconcile with my understanding of how politics works. Isn't this just free political brownie points for what surely can't be that expensive to fund?
bobknight33says...The government has all kinds of money for shit that does not matter.
When it comes to programs that are really needed (like this) they can't find enough cash and point the finger for higher taxes.
dannym3141says...I think that this one is an alternative? I obviously can't tell as i can't see the video here.
RedSkysays...That's not true.
Despite what politicians may say, America has no trouble financing its debt. The US bond market is at the highest demand level (lowest yield) it has ever been because the US is perceived as the best house in a bad neighbourhood.
Literally, US bonds have not been more in demand since the US was founded.
Chart is a bit old, it's now solidly below 1945 levels:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/12/20131220_bonds.jpg
I would highly advise you to stop listening to politicians, political pundits or partisans if you want truthful information about the economy.
Because of a lack of real pressure to cut the debt beyond the politics of it, Republicans or Democrats have no real incentive and thereby no genuine interest to actually reduce the debt rather than kicking the can down the road.
So adding what is a marginal amount of debt on top of that shouldn't make a difference to them.
The government has all kinds of money for shit that does not matter.
When it comes to programs that are really needed (like this) they can't find enough cash and point the finger for higher taxes.
eric3579says...For Canadians http://www.thecomedynetwork.ca/Shows/TheDailyShow?vid=765375
siftbotsays...Added alternate embed code for this video - backup requested by eric3579.
siftbotsays...Replaced video embed code with backup #8424 (supplied by member eric3579) - embed replaced by member eric3579.
jmdsays...I really want to like my gov, but its shit like this.... they don't give me much to like.
Lawdeedawsays...Takes Jon to come back on the show and do it right.
heropsychosays...That conveniently leaves out the fact that income tax rates have plummeted since the 1940s. That's been the big consistent change, not the government increasing spending as a percentage of GDP, which wildly fluctuates.
The reason why there's a fight to get this funded is because there's a portion of this country that thinks you must pay for every new expenditure by cutting spending elsewhere because the national debt will kill us if it doesn't come down, and taxes can never ever ever ever ever be raised ever ever ever ever. They will absolutely never consider that raising taxes is worth funding anything, and are completely okay with cutting funding for things that are even needed and are worth the money (see cutting funding for PBS).
I say "principled" because they sure don't ask for reduced spending to pay for when they need help. See Katrina and other disasters, Mitch McConnell's fund to help nuclear power workers, etc.
But the fundamental problem here is the flat refusal to accept the reality that:
1. The national debt and annual deficits can, will, and should fluctuate depending upon circumstances. The "sky is falling" reaction to added debt is beyond ridiculous. This country has flourished economically under almost non-stop deficit spending. This isn't to say raising the national debt and running annual deficits is always good, but it sure as hell isn't always bad.
2. The same reaction to tax raises is also ridiculous. Tax rates can be increased or decreased, depending on circumstances, and raising or lowering them isn't inherently good or bad.
A sane reaction to this whole thing isn't - "well, they spend money on things that don't matter, so that's why this can't be funded."
It's "I don't care if it costs every single one of us an extra dollar in taxes in a year, or we need to cut funding on (insert wasteful program here), we need to get this done."
The government has all kinds of money for shit that does not matter.
When it comes to programs that are really needed (like this) they can't find enough cash and point the finger for higher taxes.
PlayhousePalssays...Heeeeee's on a mission! Jon Stewart invades the Late Show monolog too
*related=http://videosift.com/video/Jon-Stewart-Crashes-Stephen-8482-s-Monologue
siftbotsays...Jon Stewart Crashes Stephen’s Monologue has been added as a related post - related requested by PlayhousePals.
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