CNBC's Rick Santelli's Economics Lesson: "ALL KIDS LEFT BEHIND"

CNBC TV "Santelli Exchange" | January 7, 2013 | Graewoulf

[Graewoulf]

At 9:45 AM CST today Rick Santelli white-boarded the total debt that our children are currently charged with. The amount is $ 3.5 MILLION per baby born today!

Rick named this economics lesson "All Kids Left Behind," and encouraged all to use this term often.

[Graewoulf]

This shameful use of political power to burden children who cannot vote yet with a debt that is greater than what they will earn in their future work lifetime, is a monumental act of cowardly financial irresponsibility.

What say all of you?

[dfwgator]

Screw them, let’s party!

[circlecity]

Greed on a breathtaking scale.

[agere_contra]

It is shameful.

However: the debt is going to be repaid by THIS generation in the form of a rapidly devalued dollar, confiscated pensions and other forms of financial repression.

Don’t be in paper assets when all this happens. Buy precious metals (and make the usual domestic preparations).

[Truth29]

“This shameful use of political power to burden children who cannot vote yet with a debt that is greater than what they will earn in their future work lifetime, is a monumental act of cowardly financial irresponsibility.
What say all of you?”

The left, through Obamacare and re-engineering of the US population are planning that many of those children, along wiith their parents, will not be around.

[The Cajun]

"All Kids Left Behind"

Rick Santelli knocks it out of the park again, this needs to go viral!

[kabar]

I blame the American voters who get the goverment they deserve. They want all the benefits the welfare state has to offer, but don’t want to pay the bill. Instead, they put it on the tab of future generations. It is generational theft.

[mn-bush-man]

Is there a link to the footage? I’d love to see it and share it.

[oldbrowser]

Greed on a breathtaking scale.

It has to incredible financial ignorance or a diabolical plan to destroy the American economy.

If the U.S. and Europe were third world nations and Russia and China the world leaders, that could change the course of history.

[running_dog_lackey]

“I blame the American voters who get the goverment they deserve. They want all the benefits the welfare state has to offer, but don’t want to pay the bill. Instead, they put it on the tab of future generations.”

Are you blaming yourself? Don’t blame me.

[mjp]

our children are currently charged with. The amount is $ 3.5 MILLION per baby born today!

due to the misguided humanitarianism of libtards that only produces perversity of result.

[llevrok]

The children (old and young) voted for the bum. It’s their problem

[444Flyer]

The Leftist’s philosophy should be considered as follows:

‘Allow the murder of as many babies in utero at possible and tax the rest to death before birth.’

[shove_it]

Here’s a link to Rick’s video...

http://video.cnbc.com/gallery/?play=1&video=3000139688

[Opinionated Blowhard]

Don’t worry — the “rich” will pay for it all once they start paying their “fair share” of taxes.

[ex-snook]

Two problems with this. 1] Presidents have been burdening children for a long time, wars and welfare don’t come cheap. 2] People are more concerned about themselves not children. Children are regarded as a cost burden to be avoided.

[uncommonsense]

"The amount is $ 3.5 MILLION per baby born today"

$3.5 million if we ignore the $100+ trillion in unfunded liabilities. If this gang of crooks and thugs used GAAP accounting, they would have been declared insolvent at least two decades ago. Zombie government eating our children.

[EEGator]

[ksen]

What say all of you?

It is shameful to leave a legacy of not paying for what you spend.

[ksen]

They want all the benefits the welfare state has to offer, but don’t want to pay the bill.

Actually it's the republicans that don't want to pay the bill . . . see their refusal to allow the Bush tax cuts to lapse.