-
Third-World Debt: 6 Reasons To Drop It.
23
January 5th, 2012UK Debt News
3rd-Globe Debt is EVIL! This video clip is built by Crittenden County Middle College pupils of StudentActionNetwork.org. The information from the movie was compiled at www.JubileeUSA.org.
Right now, President Obama delivered a price range deal with during which he launched his vision for getting the nation’s spending budget back into harmony, even though also, importantly, noting the reasons for the nation’s precarious long-term fiscal situation. “Following Democrats and Republicans committed to fiscal self-control throughout the nineteen nineties, we missing our way in the decade that adopted. We enhanced shelling out drastically for two wars and an pricey prescription drug software — but we did not pay for any of this new investing. As a substitute, we created the problem worse with trillions of dollars in unpaid-for tax cuts,” Obama mentioned. Indeed, the nation’s trillion credit card debt is largely a end result of “the price of two wars, a runaway defense budget, the Bush tax cuts for the wealthiest People in america, taxes on the richest Us residents getting the lowest in a generation, and a recession induced by the absence of regulation of Wall Street.” The Bush administration followed wars with large regressive tax cuts and an unpaid for prescription drug reward. But in his very first main address to Congress, President George W. Bush promised that his “liable” spending budget would pay out off the national debt in 10 many years: My price range has funded a liable enhance in our ongoing functions. It has funded our Nation’s essential priorities. It has safeguarded Social Security and Medicare. And our surpluses are huge sufficient that there is nevertheless income left above. Numerous of you have talked about the need to have to pay out down our national financial debt. I listened, and I agree. We …
Tags: Debt
Video Score: 4 / 5
22 responses to “Third-World Debt: 6 Reasons To Drop It.” 
-
thank you Mr.ben thompson ^___^
This really helped me with my middle school project for third world debt relief
A big thanks to you and your? students once again! -
qualqui January 5th, 2012 at 08:34
i guess my country’s debt problem is similar to ecuador’s,….for all that oil was nationalized and is a national patrimony,….us poor folks? don’t see any benefit whatsoever,….we pay more for liter of gas on account as every day goes by, the price goes un 1 or 2 mexican cents, not much for a rich first world, but add up the days and gas gets expensive.
-
truthulsetufree January 5th, 2012 at 10:28
Reason #7 Europe and the US are raping the land and pillaging and plundering all of the natural resources of all the third world countries which will allow them to do so. You can be damned? sure the middle east is not allowing this kind of thing to take place in their countries. Their oil profits stay in their countries!
-
ANACATALINA16 January 5th, 2012 at 11:00
there is an ecological dept and a economical dept… we the south countries we have the economical dept with the north BUT the north has a ecological dept with us! tats why if you put them together the ecological dept is BIGGER than the economical one THATS WHY! north must? forget it! because they have won a lot destroying our forrrest! and sea! you must pay US!
-
gdogvibes1 January 5th, 2012 at 11:06
this is stupid bro if we drop the debt? we wont control them and have power over them:’( and who wouldnt want to own a African country:D and they didnt pay back their loans it has interest and there never gonna get outta debt. never their screwed for a loooooooooooooooong time:/
guess thats life glad i live in America:)
-
BlackSkinnedWarrior January 5th, 2012 at 12:03
WhiteIGNITERS? That was the most pathetic comment i’ve ever read. You really have no concept of anything that is right but only thughts of that what is wrong
-
misterbenthompson January 5th, 2012 at 12:36
You guys can do what you want, but can you watch the f-bombs? This video was made by my middle school students. Thanks for watching!
p.s. If you drop the f-bomb after I’ve made this comment, you’re? not creative.
-
slizzler1 January 5th, 2012 at 13:21
‘When they ethnic cleanse’
Do you just indulge in reading dribs and drabs of major events WhiteIgniters?
Did you care to read just a little more to see how many blacks were fleeing Mugabe as refugees.
Must you always be counted in the? ranks of the small-minded to babble that everything is blacks vs. whites.
It’s not such a great a task as you think to actually be objective and try some complex thought once in a while.
Interesting you haven’t ragged on about the dozens of other African nations. -
WhiteIGNITERS January 5th, 2012 at 13:29
when whites buile up african nations and build an infastructure and nice cities the? black man wages war against them and makes them flee while in the next 50 years their cities crumble to dust ! cuba zimbabwe south africa ect ! they should just build up their countries because to alot of them the white man is the enemy ! their sooo blind to their own racism it is actually pretty comical ! like in zimbabwe ! pretty funny what happens to a nation when they ethnic cleanse whites out huu ?
-
xxxAntifaActionXXX January 5th, 2012 at 13:59
and ANOTHER FUCKING SPOT ON? COMMENT BY SLIZ!!!1
WELL DONE!
*THUMS UP*
-
xxxAntifaActionXXX January 5th, 2012 at 14:29
*Yawns* Africa and other nations in south america are filled with disease, and inadequate health and educational systems because of the centuries of exploitation and economical sabotage from the west,followed by continuous military coups etc.
These countries borrow money,? to develop there infrastructure,health care etc. Who are you to talk when europe and NA were built primarily on slave labour and cheap access to raw materials in africa.-fucking idiot!
-
slizzler1 January 5th, 2012 at 15:12
One event as related to my example below regards many Americans? disparagng view to Haiti. Yet everyone in the Mid West states owes their freedoms as Americans to Haiti- whose slavery revolt in the late 18th century caused the Louisiana Purchase from the French-> giving the USA one quarter of its current territory. What did the USA give Haiti back in return……. only over a century of malicious interference in their politics which contributed to their current poverty in Haiti.
-
slizzler1 January 5th, 2012 at 15:15
Great clip! Its nice to see young people educating themselves properly. You offer hope compared to the racist dummies below who have simpleton views of the world and lack any historical knowledge. The West got rich through exploiting 3rd World resources? and enslaving them through colonialism, imperialism, and cultural interference. The LEAST the West can do in justified repayment, is to spend whatever it takes to bring the 3rd World into the 1st world FREELY.
-
tualatin67 January 5th, 2012 at 15:28
We as a nation will fail if we don’t stop spending more than we create.? Rome is history repeating itself now
-
luvitluvitbaby January 5th, 2012 at 15:46
@PerryRubio2012 How can someone be so stupid not to understand basic math! If Obama’s new spending only amounts to 1.44 trillion and the debt is over 14 trillion how the fuck is he the BIG SPENDER HERE?
FYI most of the nation’s debt is due to the 2 WARS, THE NEW ENTITLEMENT (MEDICARE PART D), and THE BUSH TAX CUTS all unpaid for and passed between 2001-2005! Guess who was in power then asshole!!!
Bush never put the cost for the? wars in his budgets until fiscal year 2009! (-1.2 Trillion)
-
PerryRubio2012 January 5th, 2012 at 16:03
@luvitluvitbaby: LOL! “Congress” consists of the House & the Senate you uneducated moron! Republicans only control the House. How could someone be retarded enough to not fk’ing know that?? And? never mind that House Republicans haven’t added to the debt.
For shit’s sake ~ quit playing on YouTube & return to middle-school. Your level of stupidity is disturbing.
-
luvitluvitbaby January 5th, 2012 at 16:52
@2010GOP using your own logic against you John Boehner and Republicans control congress now! They took office January 2011 but we didn’t hit? the debt ceiling until May 2011 and it keeps rising!
According to your own logic this means Republicans are spending like CRAZY!!!!!!
-
2010GOP January 5th, 2012 at 18:09
@i2cmars9999: Last I checked, Congress controls spending.
Republican Congress under Bush (6 yrs): Debt went from $5.7T to $8.5T (which included massive expenditures after 9/11).
Democrat Congress under Bush (Only 2 yrs): Debt went from $8.5T to $10.7T
Democrats/Obama (Only 2 yrs): $14.4T AND a Quadrupled Deficit.
If Democrats thought Bush tax cuts were so detrimental, why’d they spend? more $ in record time than anyone in history on top of it? Talk about a defective brain….
-
2010GOP January 5th, 2012 at 18:23
The day Bush took office, the national debt was $5.7 Trillion. In this video, he said “$2 Trillion from debt in 10 yrs” … not “paid off”.
And let’s not forget that Congress controls the spending. Democrats under Bush spent more in 2 yrs than Republicans did in 6? yrs (which included massive expenditures after 9/11).
-
BigBrotherHal2001 January 5th, 2012 at 19:30
“We owe it to our children and grand children to act now… ” -this clown should have been impeached for such? a big fat lie.
JamesKim114 January 5th, 2012 at 08:19