U.S., CA Debt Explained in 3 min.

U.S., CA Debt Explained in 3 min.

John Seiler:

The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video).

But it also applies to California’s $500 billion debt for government-worker pensions.

Where’s all that money going to come from?

Jan. 7, 2012

 


Tags assigned to this article:
California debtJohn Seilernational debtpensions

Related Articles

Cowboy Cops Pollute Sac Streets

Steven Greenhut: I just saw a Sacramento city police officer take off on horse like a bat out of hell

LAO: Tax hike robs the middle class

John Seiler: Democrats in the Legislature have been advertising their tax increase as hitting just the rich. Yeah. We get

Downbeat Seattle minimum-wage study targeted by UC Berkeley labor center

In 2013, to shore up support for a plan to rapidly increase Seattle’s minimum wage, city leaders agreed to let