Search Tags:

Categories:

U.S. Headed For Fiscal Crisis?



Uploaded by: ChooseRonPaul
Video Description:
David Walker, comptroller general of the U.S., totaled up our government's income, liabilities and future obligations. He concluded the numbers don't add up. Steve Kroft reports for 60 Minutes.
(CBS) This segment was originally broadcast on March 4, 2007. It was updated on July 8, 2007.


Tags for this video: Fed Giuliani Hell Hillary Inflation Iowa Mad Medicaid Medicare New Paul Politics Primary Reserve Ron Security Social

Find more videos in the "News" category
See more videos uploaded by ChooseRonPaul

Related Videos
MSNBC Michigan Primary & Iowa Debate Coverage - Part 1 of 2 Obama Speaks of ThanksGiving & NH Primary Dates CNN Giuliani hospitalized for flu-like symptoms
msnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.htmlmsnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.htmlmsnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.html
Ron Paul - Why Iraq War Must EndMcCain: Every vote is in play. Paul and Kucinich Hold SeatsRudy Giuliani a SLUT and a SCAM
msnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.htmlmsnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.htmlmsnbc-michigan-primary-iowa-debate-coverage-part-1-of-2-.html


Share This Video:       StumbleUpon       del.icio.us       Reddit       digg       Furl       Spurl       Simpy       YahooMyWeb


Comments for this video: Show || Hide
Comments for this video on YouTube
Americans have ... ( 3 months ago by Reido2828)
Americans have small minds as do a lot of Canadians i'm afraid.
How the hell did ... ( 3 months ago by Reido2828)
How the hell did your country get like this? Why aren't people doing anything about it? Why aren't you off your asses fighting this problem?
Were in deep crap, ... ( 3 months ago by KARStarla)
Were in deep crap, Everyone PLEASE WATCH THIS so your INFORMED and then PLEASE inform OTHERS
Please watch (you MUST SEE THIS) "Syndrome of control" by Lindsey Williams Theres no other video more important then this one
David Walker for ... ( 3 months ago by mtlh05)
David Walker for President, anyone?
because you r ... ( 3 months ago by grilfers)
because you r educated enough to be scared shitlisk like myself and they r simply just not educated sure they can recite film quotes tell us there pop stars fav icecream but no history never are goveramnt saw to that its not there fault there dumb sheeple
R.I.P.U.S.A. ( 3 months ago by zorgnox)
R.I.P.U.S.A.
Maybe we need more ... ( 3 months ago by eremite311)
Maybe we need more tax cuts! Or better yet, let's have government send out checks to people so we can spend our way out of this recession, or prepare to fight a war against Iran. Maybe we can solve the subprime morgage by letting private banks create money out of thin air and switch their subprime debts for government-backed tresuries.
Wait, we are already doing all of that. Let's spend more and keep the voters happy, who cares about future generations?
US government ... ( 3 months ago by eremite311)
US government cannot go bankrupt, it can print infinate amount of money to meet its debt obligations, which are dollar-denominated. Fiscal crisis? Unable to pay all the government debt? Why not print more money? Just add more zeros to the new money. And that's what the government has been doing in the past couple of years. They call it "inflation", basically a destruction of people's wealth. And dollar has fallen 50% against Euro since 2000.
That is a default ... ( 2 months ago by davincij15)
That is a default on debts as you give the debtor worthless paper for compensation.
The banks and ... ( 1 month ago by UziSprayTF)
The banks and stupid voters have killed the greatest country in history. RIP.
Nice video! my ... ( 1 month ago by arkhamyahve)
Nice video! my names Chloe, kinda feelin bored if any1 wants to join me on cam or wana chat i will be signed on at __ FriendlyFlirts(.COM) __ my user ID there is Chloe_jiazjfzbein chat soon xx its FR33 to j0in! mwah
Ohhh yeah baby... ... ( 1 month ago by dykjocker1984)
Ohhh yeah baby... ive got what u need, heels,toys, outfits and much more hehe .... i do what u need anal, oral, cam2cam I PLAY WITH ALL THE RIGHT TOOLS HEHE I DO TICKLE SHOWS, ROLEPLAYING AND MUCH MORE HOW ABOUT U TRY ME OUT FOR SIZE!! sooooooo beautifull eyes...tender look,artistik look,deep look, magneficent look...and many others...i can talk about my eyes so long as you even can't imagine..come visit me at FriendlyFlirts * COM my user-id there is Angelina-muod chat soon on cam;)
This is like ... ( 1 month ago by gearzone2611)
This is like murdering America slowly!
What you guys got? Two useless presidential candidate. Planning more spending power! Talk about huge extra debt and bankrupting America!
Shut the fuck up, ... ( 1 month ago by mysteriousnyccb)
Shut the fuck up, when your ignorant and have not the slightest clue as to the nature of a subject under review. the next president will most likely be a democrat, whose main philosophy is tax and spend, this is how the government deals with fiscal problems, higher tax rates, reorganization, implementation, results, assessment, reassessment and application. Bottom dollar, we have a good fed chairman, and as long as the problem is addressed with criticism we will be fine in the future.
a government and ... ( 1 month ago by mysteriousnyccb)
a government and it's president is never fully responsible for a financial collapse, if anything it is american business that is responsible for nation wide issue's.. So please educate your self a little before you type anything up i suggest your start with basic english for one you fucking douchebag. Oh yeah And "inflation" is the direct reason you cant just print up all the money you want, your money is backed by the strength of your economic system. It's businesses and it's government.
Funniest thing is ... ( 1 month ago by TheMFWIC)
Funniest thing is that you all have believed that you have been living a real life. Bombarded with tv and radio commercials, day and night. You need this ! You have to have that ! You're pre-approved ! HA ! You have all been a bunch of American Idiots, used by greedy capitalist.
Thank you! Well, ... ( 1 month ago by gearzone2611)
Thank you! Well, obviously US have Republican president but they lost their ways to the traditional values of Republican? If you believe Democrats has the philosophy of taxing and spending. Then why the US gov. right now is in BIG doodoo when it comes to taxing and spending so much? They all the same! The very nature of this is more crisis for all the people! If thats how the government deals with fiscals, taxes, etc.. That is the problem! Good fed. chairman? I think gas is $4 compare to $1.87!
I want to help you. ... ( 1 month ago by DeadCatX2)
I want to help you. Seriously. Look up some graphs of how much the national debt goes up under Republican and Democratic presidents. Republicans are "tax your children and spend". Deficit spending mortgages our children's futures in order to finance DHS, the War on Terror, and massive tax breaks for mega-corporations and the super-wealthy. Please, listen to me. You're being lied to by those who wish to maintain their stranglehold on power. Do some serious investigation. Think critically.
Yes those terrible ... ( 3 weeks ago by hardhittn63)
Yes those terrible CAPITALISTS! All they've ever done for americans is make our living conditions the best in the world. I cant believe we were suckered in. Greedy bastards!
You mean the Bush ... ( 3 weeks ago by hardhittn63)
You mean the Bush tax cuts? Do you own any stock?
I guess you could ... ( 3 weeks ago by DeadCatX2)
I guess you could say the Bush tax cuts are part of it, since they result in a loss of revenue for the government. What I really mean, though, is that "supplemental emergency spending bills" pay for these wars off-the-books. They're loading up on debt that someone has to pay...and that someone will be the next generation. Hence, tax your children and spend.
The bush tax cuts ... ( 3 weeks ago by hardhittn63)
The bush tax cuts resulted in a gain in revenue b/c reducing the capital gains tax promotes tradeing. And Democrats vote for those bills too, who would like to raise taxes and begin more manditory government programs. I mean, nancy peloci, the clintons... come on. The whole system is broken.
The Bush Tax Cuts ... ( 3 weeks ago by DeadCatX2)
The Bush Tax Cuts resulted in a gain in revenue because many brokers knew the law would be passed and got their clients to hold off on cashing in until after the new rate showed up. The whole "promotes trading" thing is just bull. Just look at long-term revenue, not short-term gain. People who sit on their butt doing NOTHING PRODUCTIVE pay 15% tax while people who actually PRODUCE SOMETHING OF VALUE pay 30+%. This isn't about those tax cuts anyway. Who pays for the war, you or your kids?
I sent you a ... ( 3 weeks ago by DeadCatX2)
I sent you a message with several links backing up my claims. What capital gains tax cuts promote is paying CEOs in stock options so they can avoid paying taxes like the rest of us do. Again, the whole point I'm getting at is that Republicans are "tax your children and spend" - because that's what deficit spending is. Spending money you don't have. Someone will have to pay for it later.



Tell a friend:


URL 
Embed Code