"Where Does the Money Go?" National Debt

"Where Does the Money Go?" National Debt - Bill Moyers

Uploaded by: litxlit
Video Description:
Made BEFORE the current crisis, more scary now. Scott Bittle and Jean Johnson discuss their book, "Where Does the Money Go?" and the mounting debt and deficit of America. They offer an estimate of the time until the failure of Medicare and Social Security, and general suggestions to address this problem.
See I.O.U.S.A. the movie, visit the YouTube site
http://www.youtube.com/watch?v=K0E-fwdyS-w
See also Health care reform, a look at successful systems of Taiwan and Switzerland, probably acceptable to U.S., and similar to some existing U.S. models.
http://www.youtube.com/watch?v=xxIOScgO-W0
Farm Subsidies: Welfare To The Wealthy, Costs You Billions
http://www.youtube.com/watch?v=Xc8rfQP5MKc
WELFARE for the Wealthy, as U.S. Poverty, Hunger Increase
http://www.youtube.com/watch?v=yGVFOrtQVn4
Fall of Rome vs Failure of American Politics and Economy
http://www.youtube.com/watch?v=lXGGm4GQAq4
PBS Bill Moyers' personal take on Karl Rove
http://www.youtube.com/watch?v=hvdUZA-yWvE
Iraq Cost Accounting, Bill Moyers
http://www.youtube.com/watch?v=fG9kYsw8Jkc
Earmarks, Washington Contributions, Corruption, Moyers pt1
http://www.youtube.com/watch?v=ahhHlSf-q7w
John McCain on earmarks
http://www.youtube.com/watch?v=vwjOcW9O8nQ
http://www.youtube.com/watch?v=EfCdGHUhpCM
Free Lunch, Corp Welfare, Bill Moyers and David Cay Johnston
http://www.youtube.com/watch?v=LUNHwZVgLB8
John C. Bogel and Moyers, Capitalism and Democracy Pt 1
http://www.youtube.com/watch?v=0jNpQOKLA1U
60 Minutes segment, third world charities providing healthcare for American working poor
http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3898008n
Visit the PBS archives to see the complete show and more of Bill Moyers.
http://www.pbs.org/moyers

Tags for this video: analysis bailout budget collapse commentary credit crisis Debt deficit Medicare National news Security Social US

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Huh, only 1758 ... ( 5 months ago by busrider85)

Huh, only 1758 views on some sage information and u can't count me because I ain't American.

amen ( 4 months ago by MyFatalDownFall)

amen

Okay, I'll just ... ( 4 months ago by yonigga223)

Okay, I'll just leave off the point of how I think this is all bullshit and they're just shearing us like sheep. Where does the fucking debt come from? If somebody buys a car from japan that costs 30,000 and drives it around over here; they've paid for the car. Who isn't getting their money? Or is somebody pocketing the money and not paying the bills? If that's the problem then let's just kick their asses and throw them in jail! What's the problem? Sounds like the global warming lie to me

Fuck you, bitch. ... ( 4 months ago by yonigga223)

Fuck you, bitch. You're going to tax me because of the governments global fuck ups? The only way we're gonna talk turkey is to shove it up your ass.

Recommend viewers ... ( 4 months ago by zenmachinefilms)

Recommend viewers do a search on here for David Walker, former head of the GAO, who talks even more succinctly about the numbers. Look for Walker's appearance on 60 Minutes, Glenn Beck and Lou Dobbs. Walker knows more about this topic than anyone alive.

It's all fiat money ... ( 3 months ago by OgeronimonominoregO)

It's all fiat money anyway. Every other nation uses the same system because they had to follow the US into it after the gold ran out and Nixon defaulted on the promise to pay foreigners a percentage of gold value for their dollars. The dollar was the world reserve currency.
This money is all created by debt. It can't be paid back without creating more debt. Domestically, they'll just keep inflating. The real danger is that other nations will stop playing this game by dumping US securities.

zeitgeist: the ... ( 3 months ago by fuzhou888)

zeitgeist: the federal reserve <--Search YouTUBE
Federal Fraud <--- Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments

the native ... ( 3 months ago by nowayasway89)

the native americans had it right. too bad we killed em all or put em in concentration camps

So few viewers.. ... ( 3 months ago by ocred13)

So few viewers.. Another case of YouTube censorship?
Or just apathy?
Either way, the situation is DIRE!

I would say that ... ( 3 months ago by 70road)

I would say that 30% of Americans could be classified as morons.

yonigga the ... ( 2 months ago by jasy221)

yonigga the government caused the debt by borrowing off china, japan, and us bondholders
and by spending more than they collect in tax,this guy knows noting,the government will inllate the debt away eventually and destroy your purchasing power and the dollar in the process, it has nothing to do with social security, americans will be poorer in the future thats all.

Michael Hudson ... ( 2 months ago by dilbertgeg)

Michael Hudson pointed out that if they taxed WAGES at 100%, there would not be enuf money to fund the govts normal expenses -- because the super-wealthy do not earn "wages". They take "capital gains", like profits from stock options. Today untaxed "capital gains" is not on phys capital, but incl interest and speculation, as well as income from monopoly RENTS like oil, gold.
Classical econ calls for control and heavy taxation of RENTS, which are public commodities we GIVE away as WEALTH-FARE.

not just americans ... ( 2 months ago by aussiefirestorm)

not just americans and more like 50%

zeitgeist: the ... ( 2 months ago by aussiefirestorm)

zeitgeist: the federal reserve <--Search YouTUBE
Federal Fraud <--- Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments

search google vids ... ( 2 months ago by aussiefirestorm)

search google vids for "money masters" as well

yes and most of ... ( 2 months ago by cds10690)

yes and most of that 30% are going to vote fo a man with an (R) next to his name

Only a moron thinks ... ( 2 months ago by digitalhermit)

Only a moron thinks only the (R)epublicans are responsible for this. Our bulging national debt is a truly bipartisan affair. The only rational choice is to vote third party this election - Republicans and Democrats have been corrupted by big banks (banks are the #1 contributors to both party candidates).

zeitgeist: the ... ( 2 months ago by crawfordviolin)

zeitgeist: the federal reserve <--Search YouTUBE
Federal Fraud <--- Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments

Array ( 1 month ago by duckfat01)

Federal Fraud <--- Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
To the younger generation Americans, if you value your freedom, and still have free mind and spirit, REVOLT. Stay out of the mainstream everything (media, govt., banks), and re-write the rules.

two ways to pay for ... ( 1 month ago by libertyandjusticenow)

two ways to pay for it since we can't pay for it with taxes. (1) invest 60 trillion dollars right now. (2) our economy grows by double digits for the next 75 years... given that both of these will not happen... we need to do something. wake up people!!!

The USA has to ... ( 1 month ago by carl77777)

The USA has to choose, Bombs, Bullets, War and space ships. or health, wealth and happiness.

population growth ... ( 3 weeks ago by JXjohn)

population growth is the root of all problems.

Array ( 2 weeks ago by ChristiansMustLearn)

nonsense.
its the industrial process that is the problem. the planet can sustain double our population provided we are environmentally neutral. message me if you want more research on this concept.

England does not ... ( 1 week ago by TyphoonEron)

England does not suffer from this crisis.

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