Since Joe is at the Financial Blogger Conference, we don’t have a Blog-Post-of-the-Week. Instead, O.G. took over and created a new award and gave it to Tony Robbins. It’s called “The Most Awesome Video Ever” award. Our first winner is below…thoughts?
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Didn’t want to take the 20 minutes to watch the video but I’m glad I did. Thanks a lot for sharing!!! It’s quite amazing how much money the government needs from us each year to function. I don’t see our issues being fixed…ever. It’s just an impossible situation and the politicians wouldn’t commit political suicide to do what’s necessary.
It really is an unsustainable position but as you say, politicians will just keep kicking the can down the road to the next guy because nobody has the political will to do anything about it.
It’s quite scary to think what things will be like for our children and children’s children if we continue down the same path.
I didn’t want to watch it but I did. Pulled out my headphones and glad I spent all 19 mins and 40 secs listening. I def fall into the category of not realizing the difference between million to trillion. I totally forgot about Obama’s promise about reducing the deficit when he actually increased it. Not that I’d vote for him anyways.
JW over at allthingsfinance dot net just wrote an article on the federal budget too and with an infographic on mandatory spending.
I’ve learned so much today about our countries budget but still not sure what would be the best solution for the debt.
This is what happens when we talk about shared wealth non sense. Shared wealth means borrowing money at the expense of tomorrow’s generation. Most of these politicians who talk about spending more are robbing future of the generations to come.
And that’s really the problem with the whole system, that politicians only think about the short term and how it will affect them in the polls rather than making hard choices that will be best in the long run.
Even if leaders are two-term about the furthest they are thinking ahead is how to get the next guy after them elected and then from that point it hardly matters. Hard to do anything of real meaning or that will cause serious change when the mindset is so short term.
Wow.. can’t believe I watched the entire 20 minutes, but very informative. Need to raise revenues and cut spending.. more importantly, we need to think long term. Enough with the short term b.s. You can’t clear 16 trillion of debt in 1 year.. where is the 20-30 year plan to get debt free?
This video was amazing. I can’t believe that the money taken from all those things will only fund our country for one year. Obviously that says one thing, that we are spending way too much (which was blatantly obvious anyways).
I think the only way to fix this is to do something that is going to hurt everybody. The rich and poor, the middle class. Everybody is going to have to sacrifice. Will it happen? Probably not. We would need a majority, which is all but impossible with pretty much every politician only worried about the next vote.