Skip to comments.CNBC's Rick Santelli's Economics Lesson: "ALL KIDS LEFT BEHIND"
Posted on 01/07/2013 8:22:54 AM PST by Graewoulf
At 9:45 AM CST today Rick Santelli white-boarded the total debt that our children are currently charged with. The amount is $ 3.5 MILLION per baby born today!
Rick named this economics lesson "All Kids Left Behind," and encouraged all to use this term often.
What say all of you?
Screw them, let’s party!
Greed on a breathtaking scale.
It is shameful.
However: the debt is going to be repaid by THIS generation in the form of a rapidly devalued dollar, confiscated pensions and other forms of financial repression.
Don’t be in paper assets when all this happens. Buy precious metals (and make the usual domestic preparations).
The left, through Obamacare and re-engineering of the US population are planning that many of those children, along wiith their parents, will not be around.
Rick Santelli knocks it out of the park again, this needs to go viral!
I blame the American voters who get the goverment they deserve. They want all the benefits the welfare state has to offer, but don’t want to pay the bill. Instead, they put it on the tab of future generations. It is generational theft.
Is there a link to the footage? I’d love to see it and share it.
It has to incredible financial ignorance or a diabolical plan to destroy the American economy.
If the U.S. and Europe were third world nations and Russia and China the world leaders, that could change the course of history.
“I blame the American voters who get the goverment they deserve. They want all the benefits the welfare state has to offer, but dont want to pay the bill. Instead, they put it on the tab of future generations.”
Are you blaming yourself? Don’t blame me.
due to the misguided humanitarianism of libtards that only produces perversity of result.
The children (old and young) voted for the bum. It’s their problem
‘Allow the murder of as many babies in utero at possible and tax the rest to death before birth.’
Here’s a link to Rick’s video...
Don’t worry — the “rich” will pay for it all once they start paying their “fair share” of taxes.
Two problems with this. 1] Presidents have been burdening children for a long time, wars and welfare don’t come cheap. 2] People are more concerned about themselves not children. Children are regarded as a cost burden to be avoided.
$3.5 million if we ignore the $100+ trillion in unfunded liabilities. If this gang of crooks and thugs used GAAP accounting, they would have been declared insolvent at least two decades ago. Zombie government eating our children.
It is shameful to leave a legacy of not paying for what you spend.
Actually it's the republicans that don't want to pay the bill . . . see their refusal to allow the Bush tax cuts to lapse.
Of course, I actually think it's worse than that, and at the risk of confirming (or violating, depending on the version one believes in) Godwin's Law, the analogy,
Democrats : unborn children :: Nazis : Jewscomes to mind. (Supported by the further analogies
deficit spending : unborn children :: appropriation of property : Jewsand
abortion : unborn children :: gas chambers : Jews.)
The problem is spending, not taxation. 50+ years of our revenue show that no more than 20% of the GDP can be wrung out of the hands of the people in any one year. Once you get spending below that number, perhaps we can talk about tax rates again.
Total US Tax Revenue as a Percentage of GDP
Two corrections: 50 years should be 50+ years, and 22% should be 20%. Sorry for the confusion, if any.
Obama and the Dems didn’t want the Bush tax cuts for the middle class to lapse. More of them voted in the House and Senate to keep them than did Reps.
” - - - - this needs to go viral!—”
I agree. Santelli appealed to Mothers with their babies.
Maybe a catchy phrase might be helpful. My entry is a follows: “Federal Assigned Birth Debt.”
PING for sign ideas.
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