Posts Tagged ‘deflation’
Too Much Debt, Not Enough Income or Confidence
A look at the effect of having two much debt domestically and internationally. Domestically debt in a declining economy becomes very hard to pay off because of a lack of income. Internationally this debt represents savings that was borrowed but will never get paid back. This “default” could create a crisis in confidence. Thanks for the support. Lets see if we can get though this crisis as its far from over. Thanks to Moby for licensing the background music; I am still learning “final cut.”
Duration : 0:5:56
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Sen. John McCain talks about health care at a town hall meeting in Phoenix. Affordable and available to all Americans. Not government run and owner insurance service. In 8 year Medicare is going to be bankrupt. Social Security is next.
