Crash Course

[stinger25]

Got this off another forum and was alarmed after just watching 1-12. It basically goes into how our government borrows more and more money to cover its ever increasing debt and the escalation of the borrowing that has recently skyrocketed.

Crash Course link :shocked:

Did a search and found this previous post.

The videos, however, go into much more detail and are quite alarming. If you have a little extra time I'd recomend checking some of the videos out as this issue will affect our near future. :Q

 

[Auggie]

Fonzi Scheme, but it is usually sustainable given inflation.

 

[stinger25]

Originally posted by: Auggie
Fonzi Scheme, but it is usually sustainable given inflation.

but when and how will this inflation get checked by the government? Will it get passed on to the people?

and how are we going to balance the budget or decrease the deficit with money that is losing value?

what do we do when china or other nations decide they don't want to buy anymore of our debt?

Some of that is covered here

 

[FoBoT]

http://pics.bbzzdd.com/users/FoBoT/doom.jpg