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    • Ten Trillion And Counting

      1 Star2 Stars3 Stars4 Stars5 Stars (6 votes, average: 3.33 out of 5)
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      This website has lots of visitors outside the United States, including me. Whatever happens in the US pretty much affects the rest of the world, so I hope our non-US visitors won’t get annoyed when I post documentaries focusing on American politics.

      With the current economic crisis, the government is desperately trying to revive the economy, but does America already have too much debt? Has government debt gotten worse beyond restoration? In this Frontline documentary, the historical and political aspects of this issue are investigated.

      This documentary investigates the politics behind the debt crisis and how the current financial and economical situation in the United States, which has its debt at over 14 Trillion, have greatly affect the world.

      please share:
      Published on May 9, 2009 · Filed under: Business, Economy

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    • reality

      "so I hope our non-US visitors won't get annoyed when I post documentaries focusing on American politics"

      Im a university student in sweden… Trust me man what goes on in americas politics is very relevant to our studies.. America is always a reffering point when talking about many subjects so no do not worry about anyone getting annoyed…

    • Jason B

      That's what you get when ignorant people gives 2 mandates to an ignorant, delusional president… Shame on you Bush…

    • Jim R

      It is a documentary about the painful truth the American's refuse to see.

      How can people be so ignorant to want 2 conflicting things.

      Well, i hope to see how things will work out.

      ps. the video had a lot of audio playing at 2x speed.

    • Jack Kebek

      The "American Dream" has some very good chances of turning into the "Worlds Nightmare".

    • ELi

      A good, but frustrating documentary. Alot of good questions asked, but framed incorrectly. Spending itself has been the culprit to a large degree, and as wastefully as possible. This is how the course of a nation is secured, and it's fate cemented. The payments alone on the national debt are over 500 billion annually, more than 10 times larger than the yearly cost of the Iraq war. Why were sane and rational economists not consulted on spending? Because they understand that we simply cannot afford our spending. The only rational solution I've heard for this problem, is for our nations to not borrow anymore, and issue their own currency basically cutting the banks out of the loop. Then we can literally tripple domestic spending once the debt is finnally gone.

    • cj

      my comments on this issue is that americans should go back to "basics" – DONT SPEND MORE THAN YOU WHAT YOU EARN….. im not anti-american…. i have relatives in the states…. its just their way of life in which they've got used to…. and oh yeah…. at ease with the junk foods… haha good thing i was brought up eating family dinners….

    • danny

      Jason B -As other people say -They only chose him once :)

    • LW

      Total propoganda. With the industry I work in I saw it all happen. Freddie Mac and Fannie Mae collapsed the housing market. It was predicted. Look at the Peter Schiff montage on YouTube. Back in 2006 he predicted the collapse. In addition congress had hearings on the same issue. Dems all chided those bringing up the issue with trying to damage “affordable housing” and said the market was fine. Since then these sub prime loans , basically loans given to people with shakey credit, mandated by government, have fallen. Look at recent news. These loans that were rewritten, 50% have failed again. Fannie Mae has asked for another 15.3 billion. Freddie Mac was in the red even more coming out of 2009. Downside is the government has agreed to stand behind these loans until 2012. With the flood of repo’s the regular home owner can’t compete selling their home. Houses over 100K that are repo’d are going for $30 – 40k. Because homeowners who aren’t part of the repo group can’t sell their homes no new construction will take place either. Can’t buy a new home if you can’t sell your old home. NOTHING has been done to address this issue. Even stimulus money in the form of tax credits for home buyers is now failing. We haven’t seen nothing yet. The next wave is about to hit again.

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