Monday, July 13, 2009

National debt and federal budget

http://dailybail.com/home/peter-schiff-of-course-were-not-going-to-pay-back-the-chines.html
This may or may not be funny, depending on how you look at it. But I think Peter Schiff is spot on.

Here is a similar clip by Pete Peterson, on Charlie Rose on PBS:
http://dailybail.com/home/pete-peterson-on-charlie-rose-we-are-headed-for-default-clip.html

And here is an interesting clip on the perspective of President Obama's announcement that he would reduce the federal budget by $100 million:
http://dailybail.com/home/president-obamas-budget-cuts-visualized-video.html