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IPFS News Link • Economy - Economics USA

The National Debt Road Trip

• http://www.youtube.com/watch?v=P5yxFtTwDcc
How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video gives a visual representation to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling.   Many people think that george W. bush was spending like Paris Hilton on a road trip.  We he was but compared to the Obama administration he is going to look like coupon clipper compared to what Barak Obama's administration is going to do in the next 8 years.   The Representation shows every mile as 5.8 billion dollars and every year as one hour.  With all numbers adjusted for inflation. In this model bush is traveling at 63 miles per hour and the obama adminstration is pegged at 174 miles per hour!  This is not an extrapolation, this is the president own budget predictions!

1 Comments in Response to

Comment by Lola Flores
Entered on:

"And how did the national debt get so big anyway." 

Did you really ask that question or am I seeing things?  Seriously, just a few reason jump out at me:

(a) 3 wars for oil;

(b) Massive bail outs of the rich

(c) Spending like there's no tomorrow

(d)  Corruption

(e)  Bureaucracy beyond belief

(f)  More corruption, more bureacracy, more spending