Tuesday, 28 June 2011

movie review - IOUSA - documentary about the US deficit

17:49 the only issue that's more severe than this (the projected social security + medical deficit after 2017: -2 trillion within 3 decades) would be the idea that an islamic fundamentalist will his hands on (or her hands on) a nuclear weapon and use it against us. - senator judd gregg, NH

43:48 in 2007, china had the largest trade surplus in the world ($315,700,000,000) and who was dead last? the united states of america (-$816,000,000,000)

1:07:49 our country would need $53,000,000,000,000 invested today which is about $175,000 per person to deliver on the government's obligations and promises. how much of this 53 trillion dollars to we have? zip. by the time today's college graduates are going to retire 40 years from now, the only things our government will be able to pay for are interest on the federal debt and some social security, medicare and medicaid benefits. all other parts of the federal government will be closed and out of business.

1:21:01 while you watched this film $85 million was added to the federal debt.

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