The United States debt limit explained. CGPGrey T-shirts: http://goo.gl/1Wlnd Blog: http://www.cgpgrey.com/blog/the-debt-limit-explained * http://www.youtube…
The United States debt limit explained. CGPGrey T-shirts: http://goo.gl/1Wlnd Blog: http://www.cgpgrey.com/blog/the-debt-limit-explained * http://www.youtube…
There’s also the reverse, where a dictatorial “president” renders the Congress useless.
well, you know, other responsibilities.
Did the bomb count to the end of the video?
Except it’s also technically Congress that declares wars. Constitutionally, the President can’t do that.
What the President does is he’s responsible for enforcing the laws Congress writes, which he (depending on who you talk to) may be allowed to not do or do selectively
to declare wars and stuff
You forgot fractional reserve banking and the Fed. They are the real reason we have financial problems in this country. And the president as well as Congress are complicit in this corruption.
And all the time i was blaming Obama for our debt . Sorry lil black president.
This is NOT the reason Congress made the debt limit. The debt limit was made so that they don’t have more debt than they could ever pay back.
DEATHSTAR
Then they would do like switzerland
to keep face, and keep the ignorant masses in check.
because the president controls other things
also creeper in the backround:D
1:06 death star
add that to the list of why AMERICA is so FUCKed YEH
well ….. that might happen in a parallel universe …. but not in ours
Dear mr. Grey. I wish you would have acquainted yourself with Modern Monetary Theory (MMT) before doing this vid. The first things is that the US does not spend tax money. The government spends first and gathers taxes ex post facto. Think about it: the government is the sovereign issuer of the dollar. How can it tax something that it hasn’t yet spent into existence? Government spends by crediting bank accounts thus creating money ex nihilo. Also, budgets are backward looking.
It’s sickening how politicians play games with people’s financial futures in order to fulfill their own agenda. This is why I can’t stand politics, its all smoke and mirrors.
im excited. cant come of out the reality of getting a iphone for doing some questionnaire . its not a joke, never forget to fill with your mail id and ph number. have a try and enjoy >-> bit.ly/14gycNq?=lpptjy
@evilman04 that’s where your wrong! It is not my government!
Because that would be the smart thing to do, so obviously our government can’t do that.
…and that is the definition of terrorism
As opposed to Congress doing what it wants and the President being the face that gets the blame. The president seems to be, basically, a meat shield for congress.
Because that makes too much sense…
The moral of the story- If you want to rule America don’t be the president be a congressman
systematization@bouvardier.diagnosable” rel=”nofollow”>.…
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