Deomonstrate the multiplier in the simple Keynesian model through a change in invesment spending
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www.pbs.org The debate over what to do about debt is nothing new, according to anthropologist David Graeber. Alison Stewart talks with Graeber about our misconceptions about debt and why it plays such a large role in history. Need to Know airs Fridays on PBS. Watch full-length episodes of Need to Know at video.pbs.org
Visit www.downsizinggovernment.org for more information on how to cut unconstitutional and irresponsible federal spending. Cato Institute Scholars Dan Mitchell and Chris Edwards evaluate the plans offered by Republicans for lowering federal spending using a so-called “Cut, Cap and Balance” proposal that would make small cuts to federal spending in the short run, cap federal spending at a higher share of GDP than the last years of the Clinton Administration, and balance the federal budget using a tax-limited balanced budget amendment to the Constitution. Video produced by Caleb O. Brown and Austin Bragg.
Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity Foundation video explains that that government borrowing is excessive – and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real problem.
“I will not sign a plan that adds one dime to our deficits — either now or in the future.” (Remarks by President Obama to a Joint Session of Congress, September 9, 2009) This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President’s deficit test. — The Majority Leader said the bill scores as reducing deficit by $131 billion over the next 10 years. First a little bit about CBO: I work with them every single day; very good people; great professionals. They do their jobs well. But their job is to score what is placed in front of them. And what has been placed in front of them is a bill that is fill of gimmicks and smoke and mirrors. Now what do I mean when I say that? First off, the bill has ten years of tax increases and ten years of Medicare cuts to pay for six years of spending. The true ten year cost when subsidies kick-in? $2.3 trillion. The bill is full of gimmicks that more than erase the false claim of deficit reduction: – $52 billion of savings is claimed by counting increased Social Security payroll revenues. These dollars are already claimed for future Social Security beneficiaries, and claiming to offset the cost of this bill either means were double-counting or were not going to pay Social Security benefits. – $72 billion in savings is claimed from the CLASS Act long-term care insurance. These so-called savings are not offsets, but rather premiums collected to pay for future benefits. Senate …
The number of individuals on food stamps continues to rise while the government continues to spends it’s way out of the mess we find ourselves in. National debt continues to skyrocket and I am just hoping you are all gathering up as many precious metals (gold and silver) as you can.
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The real grassroots Tea Party movement stands in marked contrast to Democrat attempts to manufacture a movement for Obama’s $3.55 trillion budget.