Deficit or Debt...... a must watch

[katie]

A government's deficit can be measured with or without including the interest it pays on its debt. The primary deficit is defined as the difference between current government spending and total current revenue from all types of taxes. The total deficit (which is often just called the 'deficit') is spending, plus interest payments on the debt, minus tax revenues.[1]

This is a video that should be MANDATORY WATCHING BEFORE VOTING!! They should also make this video part of math / econ classes at school......


http://www.youtube.com/embed/VtVbUmcQSuk


So many have no clue and basically just don't give a chit as long as they have runnin money. Taxing the rich more will never ever solve our problems! This is no different than having credit cards you will never be able to pay back