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The Debt Limit Explained - CGPGrey

submitted by eric3579

1 decade 1 year 11 months ago

7 Comments

*politics

Adding video to channels (Politics) - requested by jimnms.

Here i'll explain it:

People make shit up
Other people accept it blindly
REPEAT
...
Profit

wait i mean debt.

*controversy

Adding video to channels (Controversy) - requested by MrFisk.

All the finger pointing aside the USA borrows $0.43 for every dollar spent. That been going even since Bush 42 was elected.

43 cents borrowed for every $1 spent is alarming and does point to a spending problem.

While the left and right keep pointing fingers at each other the debt keeps piling up and its people are on the hook.

Fixing this issue now will be painful. Fixing it later will be like what GREECE is up against now.

"Yeah, I would like to raise my debt limit." has been added as a related post - related requested by ChaosEngine on that post.

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