Lesson 1 National Debt & Budget Deficit Explained

Posted on February 9, 2010 by admin

Find more about debt to GDP ratio in other nations at the CIA Factbook http://bit.ly/dcZPI Also please read the book “Basic Economics” http://bit.ly/lr4H

Duration : 0:7:19


[youtube oYw3ksQeMD8]

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7 Responses to Lesson 1 National Debt & Budget Deficit Explained

  1. freeenterpriseworks4 says:
    February 9, 2010 at 8:51 pm

    The Federal …
    The Federal governments debt affects all Americans because it must use resources that could be used on programs, tax relief or national defense to pay interest on our national debt. The government spent $173 billion in 2009 on interest owed on our national debt, and will spend an estimated $400 billion on interest over the next three years.

  2. matushka78 says:
    February 9, 2010 at 8:51 pm

    Fed does not borrow …
    Fed does not borrow, it creates it out of thin air. The treasury borrows money from open market or the Fed. If it borrows from the Open Market, then usually it’s not directly inflationary, because the lender made the money out of some kind of production. When the Fed buys treasury bonds/notes/bills, it simply creates the money out of thin air.

  3. dogterd says:
    February 9, 2010 at 8:51 pm

    over 3 months up on …
    over 3 months up on youtube and not even 800 views for a video on this critically important subject.
    America is broke. The day the Chinese and the Saudis stop buying American Bonds the party is over.
    You can’t borrow money from potentially hostile nations while you try to control the whole world. America has done this just about as long as it was sustainable.

  4. MagicNo7 says:
    February 9, 2010 at 8:51 pm

    Knowledge is power! …
    Knowledge is power! I’m looking forward to upgrading my “Schoolhouse Rock (TM)” education on economics with this series. Thanks!

  5. m16adabest says:
    February 9, 2010 at 8:51 pm

    Thanks for the …
    Thanks for the informative video! I learned some interesting things from listening to it.

  6. KumoOtokoZero says:
    February 9, 2010 at 8:51 pm

    Wow I can’t wait …
    Wow I can’t wait for the next one, great job!

  7. caligvla71 says:
    February 9, 2010 at 8:51 pm

    This guy is wicked …
    This guy is wicked smart!