America:Destroyed by Design

[lentz]

Sorry this is long video,but worth a peek

http://video.google.com/videoplay?do...26428522965274

[Haligan]

No need to apologize my friend. We have time to watch a 3 hr baseball game or spend a day at the beach. Can we PLEASE find time to understand what is happening to our country.

WHAT'S THE ANSWER TO 1984 ? ! ? !

[graehaven]

Wow, Alex's videos have come a LONG way since this one.

[wpage]

How old was that? 13 years ago.

[NRA_guy]

If you want an objective projection on where the nation is headed, read this long CBO (Congressional Budget Office) report entitled "Federal Debt and the Risk of a Fiscal Crisis":

LINK

Mind you, this is NOT Glenn Beck or Rush Limbaugh.

Here are a few excerpts:

Unless policymakers restrain the growth of spending,
increase revenues significantly as a share of GDP, or adopt
some combination of those two approaches, growing
budget deficits will cause debt to rise to unsupportable
levels.

If a fiscal crisis occurred in the United States, policy
options for responding to it would be limited and
unattractive. In particular, the government would need
to undertake some combination of three actions:
restructuring its debt (that is, seeking to modify the
contractual terms of existing obligations); pursuing
inflationary monetary policy (that is, increasing the
supply of money); and adopting an austerity program
of spending cuts and tax increases.

The later that actions are taken to address persistent
budget imbalances, the more severe they will have to be.
CBO’s long-term projections for the federal budget
indicate that an immediate, permanent cut in spending
or increase in revenues equal to about 1 percent of GDP
(relative to the policies assumed for the extended-baseline
scenario) or about 5 percent of GDP (relative to the
policies assumed for the alternative fiscal scenario) would
prevent a net increase in the U.S. debt-to-GDP ratio over
the next 25 years. The latter would be equivalent to
roughly 20 percent of all of the government’s noninterest
spending this year. Actions taken later, particularly if
there was a fiscal crisis, would need to be significantly
greater to achieve that same objective. Larger and more
abrupt changes in fiscal policy, such as substantial cuts in
government benefit programs, would be more difficult
for people to adjust to than smaller and more gradual
changes.

Sounds like just the kind of crisis Obama and his Communist comrades are hoping for.

[lentz]

Originally Posted by wpage

How old was that? 13 years ago.

And still coming to pass