Federal Matters—A Government Spending Sitcom, Part 2: “Thanksgiving”

| January 9 2014
Christopher Cook

We’re a bit late to the party on this funny series of sitcom shorts from Bankrupting America, but since the debt and the government’s insane spending aren’t going anywhere anytime soon, there’s really no such thing as “late.”

Here’s episode 2:

2 comments
phoenixlaw
phoenixlaw

At the end of fiscal year 2008, the federal debt was about $5.8 trillion. By the end of fiscal year 2013 it was $17.075 trillion, according to figures posted online by the US Treasury Department.  The twelve Bush-Obama years account for about two-thirds of this debt.  This debt, and its corresponding interest, are not sustainable  In the future, rising federal interest payments will crowd out federal spending on anything else.


In view of this astonishing debt, one might well ask: what has the public received in return? 

WesternFreePress
WesternFreePress moderator

@phoenixlawCertain members of the public have received transfer payments funded by the labors of other members of the public, and by way of debt their children never agreed to incur. The politicians have received the votes of, and power from, the former group. The latter two groups gets screwed, and get vilified for complaining.