The guy making the presentation seems a real jackass. It would appear by their presentation that we will be shutting down tomorrow. As the saying goes, figures don't lie but liars do figure. How ever did we make it to the year 2000 at that rate?
Found an interesting web site with all sorts of data charted. http://www.usgovernmentspending.com/index.php
Seems like their data/graphs are legitimate. All nicely compiled in one place with sources listed. Anyone up for checking every little detail or have any base information on their validity?
Some graphs of interest. The first one is not from there but from the L-curve site that I listed earlier.
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This is the graph that shows the yearly income of American citizens converted to the height of a stack of 100 dollar bills that represents the yearly income of the poorest on the left to the richest on the right. To give you perspective, the median income family on the 50 yard line (which he states on the site as about $40,000) gets a stack 1.6 inches tall. The family on the 95 yard line earns about $100,000 per year, a stack of $100 bills about 4 inches high. At the 99 yard line the income is about $300,000, a stack of $100 bills about a foot high. The curve reaches $1 million (a 40 inch high stack of $100 bills) one foot from the goal line. From there it keeps going up...it goes up 50 km (~30 miles) on this scale! Does that possibly give you some perspective on the situation? It is those on or very near the right hand goal posts who pay the very least taxes on a percentage rate as they are mostly dealing in dividend type payments that pay only a low 15%. This is what leads the über rich, as they have been referred to, to pay less taxes, compared to their incomes, than their secretaries as has been commented upon. It is those progressive tax rates which once were paid by those über rich which have been cut, resulting in more and more of the burden of government falling upon the horizontal part of the L-curve, which means us
my children, as opposed to those on the vertical part of the curve who have the real money and income.
Now do not do the usual and jump in with diversions. It is a really simple concept and that is the point of graphing it in this way.
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This graph shows accumulating US debt. It is a frightening thing when viewed on this basis, is it not.
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This graph shows the US debt as above replotted as a percentage of gross domestic product or all value produced. That brings it down more into size. These figures are not considered to be alarming or the sign of a need or reason for a country to declare bankruptcy and abandon their debt.
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This is a graph of US government deficits and surpluses over this same period of years. Note some milestones. The First World War at the left and the fact that those deficits were being paid down and there were quite a few years of budget surpluses. Then came the Great Depression so called with gradual improvements in deficits but we were then hit with the Second World War and those really big deficits. But after that war was over, there were 3 significant periods of surplus income in a row. Finally we had quite a significant period of budget surpluses centered around the year 2000. Those were squandered by cutting the tax rates on again who? You guessed it, the über rich primarily.
This video you posted does not negate this chain of facts and logic. If you insist on disagreeing, why do you not attempt to do so based on counter facts and counter logic instead of digressions and confusion factors?