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

by CalWatchdog Staff | January 7, 2012 8:57 am

John Seiler:

The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion[1] (the number has gone up since the video).

But it also applies to California’s $500 billion[2] debt for government-worker pensions.

Where’s all that money going to come from?

Jan. 7, 2012

Endnotes:

$15.2 trillion: http://www.brillig.com/debt_clock/
$500 billion: http://blogs.sacbee.com/the_state_worker/2011/12/new-stanford-study-pegs-pension-shortfall-at.html

Source URL: https://calwatchdog.com/2012/01/07/u-s-ca-debt-explained-in-3-min/