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The US debt crisis will become one of the biggest issues of our time, affecting not only those in the US but everyone around the world. In this episode we explore the mechanisms of a default, the causes and solutions.
How the 2008 crisis still affects you: https://www.youtube.com/watch?v=U1dpWiZoiJU
Show notes: https://docs.google.com/document/u/1/d/1B6-shY_jJG62dAXiXVIrcgrA13oU1DSa05ZJVjUx9nU/edit?usp=sharing
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Producer: Dagogo Altraide, Tawsif Akkas
Writers: Dagogo Altraide, Tomás de Castro
Editors: Brayden Laffrey
Animation: Tawsif Akkas
Motion Graphics: Mathijs Luijten
Two question, who is in charge of the debt, whose pocket does us citizen put the debt service fees into?
short TLT? You got it!
Correction, Bill Clinton did not balance the budget, that was achieved by the US Congress from 1996 to 2001, US Presidents do not control the US budget, that’s the job of congress
India is always open. Please do come here. You where born here, why not return home buddy?
Why are we borrowing money???? Thats never a good thing i never use the credit card unless i have enough in checking to pay it off……
The far left spends like a drunken sailor on all their BS policies.
Doesn't affect me
Well you can FORGET asking the middle class to bail out the country with higher taxes. For one, the middle class is pretty much dead. It's just the owner (capitalist) and worker (slave) class left.
So show this video to the owner class because the latter has nothing left to give.
The fact that you say “cutting spending is the most feasible option” yet no politician EVER cuts spending tells me how screwed we are.
Every empire collapses with corruption
Ok, you need to talk to an economist to review this episode's script.
No way they would ever cut spending. You see those congress spending bills. Absolutely loonytoons. Those crooks need to vote on each item 1 by 1 instead of throwing it into a 300 page bill of stuff that nobody will read which is written by lobbyist. I trust congress less than my local used car salesman.
A good start stop sending money to Israel get Aipac out of American politics make them register for agents
People like trump need to pay their taxes ????
Bruh you are so smart. thank you for breaking this down. also shoutout to the editors, animators and music balancing. A++