NEW: U.S., CA Debt Explained in 3 min.

Calwatchdog ^ | 01/07/12 | John Seiler

[eyeamok]

The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video).

But it also applies to California’s $500 billion debt for government-worker pensions.

Where’s all that money going to come from?

[eyeamok]

Now this is a Commercial that should be shown on EVERY TV Station in America repeatedly, over and over. especially on children's shows

[petercooper]

bttt

[The Working Man]

Very good video, I sent the link to friends and family.

[patton]

Excellent.

[omega4179]

DC is looting the future labor of the people. It is nothing other than slavery.

[FrdmLvr]

Very illustrative. The analogy falls apart when the banker advises the guy to ask his boss for a raise, and that part bothers me, implying government should raise taxes to balance the budget. Overall, a great video.

[Vendome]

Sadly, I actually know people like this.

[PGalt]

OUTSTANDING video! Thanks for posting. I saw it a couple of days ago linked on zerohedge from poster Hiro Protagonist. I linked it on FR. BTTT!

[Oshkalaboomboom]

bfl

[fella]

"It is nothing other than slavery." It can't be illegal because it's "The Law". Besides the chains will be covered in green velvet.