America's Debt Crisis Explained

if you wanna say three problem coming towards you and you probably don't even know it bad for a wave is the national debt countries like people going to debt when they spend more than i have you and i buy things with the money we are governments buy things with money they get from taxes when spinning out straight revenue the government is in lahore right now vauxhall is 17 trillion dollars deep vein in comprehensible number what is a trillion dollars when alone 7420 troy, and allergies like you have to step 1 dollar bill 67000 miles high is the current debt to let bring a problem down to earth right now leeds united states is a safe bet they bleed
another word for dell get them i need a loan to the us back with interest but this can't go on indefinitely at some point in better than going to say you have too much that you're a bad risk no more money what happens then we don't have to guess we can work in europe rees investors were having a long grease money until 2010 couldn't possibly pay them back almost overnight with became a very bad credit risk in academy woodward ass filled out of work the government couldn't pay the bill germany in the european economy 10 disturbing in bel gris south for the greeks sub terra the same thing happened in portugal and spain yes the united states as much much bigger than greece another much more dynamic army lads true for the principal doesn't change we can borrow more money than greece investor all say no more nfl badoo are economy were going to the same downward spiral the greek economy debt the time of giving aid course very low around 2 percent for what happens when interest rate rises from 20 percent of a much more normal fibre set where is the us going to get the money to pay the higher interest and it's an arms death do we borrow even more legit debt raise taxes record economic growth then there's the question of food is investors are for loaning of all this money the biggest investor right now is china not exactly at rockefeller the more the more info as they have over us maybe we'll never exercise of power but we really want to give them the option in 2014 final points is it moral the saddle future generations this method did they are low nothing to do with how do you feel about yourself you know that you're leaving your children and hugs for dads you encourage during your life great i'm living in a big house riding a nice car you letter to your son or daughter to pick up the tab that's why do people in care the most about the national debt are young people there are the ones who will be stuck with bill seniors anyone knows we're on our middle age the one who tries a*** with dad might be able stroganoff with young people in their thirties are younger can't wait lewisham is a good way out yes there is if the economy grows robustly the government will take in more revenue and i get the news that increase revenue to pay the dead down the second way out of debt is the cut spending if we spend more than we take in which is what we're doing we're going to go deeper and deeper in debt common sense would suggest we bring our revenue money the government takes in taxes in our spending in line you combine the 2 robust growth and we do spinning with a wheelchair get control over national finances​