Friday, August 19, 2011

U.S. Debt Crisis

Earlier last month many of us watched as the U.S. congress struggled to get a bill passed for their debt ceiling limit so as to not have to default on their loan. So as I was following what was happening I came across a string of information that made it easier to understand the problem and why it is crucial. I believe that the order in which I have the videos set up will help give a wholesome picture to what was going on. If you care and have the time, do listen to all of them, attentively, even if you’ve seen them before. I promise that you will get more from them this time around; I know I did.

To start off here is a video/documentary that explains what is happening with the U.S. economy. This video is only 24 min long.

Now let’s look at the two speeches that were given to the nation a week before the bill was passed.

Here you have President Obama. To me when President Obama gives a speech to the nation he really is addressing the nation, the Americans.


And here is Boehner’s response. Very bipartisan, right wing, Fox News reporting style, speech.


And finally the outcome. No tax increases, just spending cuts.


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