Debt

Charles Krauthammer: Greece, “From An American Perspective, That’s Our Future”

Greece is running a 13% deficit, owes the world $300 Billion and is now working out a bailout with the EU for $41 Billion.  Charles Krauthammer has a opinion on America's future in relation to what is happening in Greece right now. "...from an American perspective, that's the future.  We now have a GDP, a deficit this year of over 10%.  Which is wildly out of control...if we stay on course, the most optimistic estimates out of the CBO are that we are going to have a national debt, a total accumulated debt in ten years of about 100%, 90%…
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Stossel: This Is What Unsustainability Looks Like

Stay with this video because the visuals starting at 4:00 are background information that Americans need to understand the problem.  Also, Stossel interviews Paul Ryan as the 'Paul Revere' on the tsunami of debt headed our way.  Wait until you see the interest on the debt that is coming in Part 2. Part 2: Part 3, the Entitlement Game and Joel Kotkin, 'America in 2050': Part 4: Part 5:
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Glenn Beck, 2.2.2010; The President’s Boss Is China

LM has been covering the unsustainable debt that previous and current congresses have saddled us with for many months now.  Recently I posted an op-ed pieced penned by Stewart Dougherty (Tea Party Patriots Vs. The Master Class) detailing how the elites are turning all of us and future generations into indentured servants to our government, and China by extension of our debt. Last week, on 1.28.09; I saw an interview of Steven Moore with Greta Van Susteren for "On The Record" where Mr. Moore made the comment that China now owns more of our debt than the American public does. …
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