The most appropriate and awesome video

Excellent documentary on the debt

Frontline's episode Tuesday really is a good explanation on the reasons behind the massive debt and the political paradox of desiring low taxes and expanded government programs.

I fear my national debt counter will break after two Obama terms

The CBO is forecasting over $9,000,000,000,000 in additional debt in the next ten years. That will be nearly more deficit spending than every president before him combined. We can believe in that kind of change, since belief will be all our change wil be worth if this prediction comes true.

This national debt goes to 11

WE finally broke the eleven trillion dollar mark on the national debt counter. It's like ten, just with more debt.

On a related note, two bailed out companies are suing each other. It's like they know they have access to other people's money or something.

Today's update on the Fed's Printing Press Operations

Just when you thought the Fed could not blow more money on attempted market manipulation comes word that we are now on the hook for up to 450 billion more. With this latest round of fiscal malfeasance, the Fed and Treasury have add over a trillion and a half dollars in debt just this year. In other words, the debt level added this year is more than a quarter of what the total national debt was in 1993. Hurray for the party of small government.

Here's a video where Bush claims his 2003 budget will cut the deficit in half in five years. This pretty much sums up the legacy of Bush on economic matters, speak a big game and fail to follow through.