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

*promote This is perfect. Surprised it didn't get more votes.

Promoting this video and sending it back into the queue for one more try; last queued - promote requested by silvercord.

What this parody fails to recognize is that, being in the center of the empire enables us to sell the debt to other countries... As long as there are others there to purchase the Fed's newly minted fiat, there's plenty of music left in the calliope... that is, of course, until the music stops (and China decides to buy gold and diversify out of the dollar....

Comment hidden because you are ignoring dag.(show it anyway)

1. Bring troops home from Afghanistan
2. Cut military spending by 25 %
3. Profit!

China is buying Gold like gangbusters and the price is again on the rise-Cypriots are feeling the first test-run of the world banker's looting of everyone's shit-tickets as the worker-ants and bees of the world sit around talking about not burning Goldman-Sachs to the ground. Being at the center of the empire only means we get the worst end of the security thugs who protect the cunts when everyone wakes up and gets militant with these pricks absconding with every one's blood,sweat,and property.

Got a short-list of the ones to assassinate first in case anyone wants to implement Phase 1...

*quality

Boosting this quality contribution up in the Hot Listing - declared quality by Grimm.

Fuck this video. Repeat; FUCK THIS VIDEO.

This country needs less ignorance, not more. It pisses me off to no end, that a sizable chunk of this country somehow thinks that not raising the debt limit is a viable thing to do. This video does nothing but play into that.

All raising the "debt limit" does is allow the treasury to cover the money that congress has ALREADY spent.

An accurate allegory would be to compare the "debt limit" to paying your credit card bill at the end of the month, because, bitch, you already spent that money.
Not paying your credit card bill isn't going to help your finances, it IS going to ruin your credit.

You want lower debt, fine. Raise taxes or don't spend so much in spending authorizations. But not paying the debts you already agreed to? Fucking stupid.

Yeah, this video is ignorant.

The majority of debt is held internally by the government. It's not at all like going to a bank and asking for more credit. More accurately, you've been going through a tough financial patch and you borrowed against your retirement savings and the money you set aside for your kids college. You know you need to pay it back but for now, you need the money to keep the lights on and make the car payment. Turning off the lights is not an option and selling the car will make you unable to work to get back on your feet. In fact, if you invest in a truck and some new equipment you expect to be able to get more work and be better off next year.

A person can educate themself on the reality of public debt in much less time than it takes to make an ignorant video. One wonders then, why there's so much ignorance. Or is it just manipulation of the ignorant?

Seriously, what does it take to get people to get it through their thick heads that the debt limit has nothing to do with new spending and again, only Congress can spend, not the President.

I'm sure whoever came up with the term "debt limit" knew damn well that they would fool stupid people into thinking this was about new spending. It's a horribly inaccurate term.

Like @TheFreak said, manipulation of the ignorant.

And gee, which party exploits this ignorance the most. Which party recently shut down the gov't over this ignorance. hrm.

Government finances are NOT the same as a family's finances...get it through your head. Wish it were, when a family comes on hard times, they at least consider getting another job (more revenue) they don't get obsessed with only cutting. Kids wouldn't have proper food, clothes and shelter were that the case and we stopped considering that acceptable a long time ago. There are some things you don't cut.

What's the "family finance" equivalent to the defense budget eh? Because I know that's the first thing that goes through my head when money is tight that I need to make sure I have enough weapons to slaughter my neighbors with...more than the entire neighborhood combined.

@st0nedeye, @TheFreak and @VoodooV are right.
Fuck this video so very much.

Watch this.
*related=http://videosift.com/video/The-Debt-Limit-Explained-CGPGrey

Fucking learn. Seriously, it is unfathomable to me that so many more people OUTSIDE the USA understand the debt limit better than it's own goddamn citizens.

The Debt Limit Explained - CGPGrey has been added as a related post - related requested by ChaosEngine.

This comment thread needs more anger directed at strangers who aren't reading this. That'll fix it!

With all the good discussion and comments about what is really going one I think this video should be upvoted to oblivion!