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CNBC's Rick Santelli's Economics Lesson: "ALL KIDS LEFT BEHIND"
CNBC TV "Santelli Exchange" | January 7, 2013 | Graewoulf

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.


TOPICS: Business/Economy; Education; Government; Politics
KEYWORDS: cnbc; coward; cruel; debt; fraud; santelli
This shameful use of political power to burden children who cannot vote yet with a debt that is greater than what they will earn in their future work lifetime, is a monumental act of cowardly financial irresponsibility.

What say all of you?

1 posted on 01/07/2013 8:23:02 AM PST by Graewoulf
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To: Graewoulf

Screw them, let’s party!


2 posted on 01/07/2013 8:24:33 AM PST by dfwgator
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To: Graewoulf

Greed on a breathtaking scale.


3 posted on 01/07/2013 8:27:52 AM PST by circlecity
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To: Graewoulf

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).


4 posted on 01/07/2013 8:39:00 AM PST by agere_contra ("An unjust law ceases to be a law: it becomes an act of violence". Thomas Aquinas)
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To: Graewoulf
“This shameful use of political power to burden children who cannot vote yet with a debt that is greater than what they will earn in their future work lifetime, is a monumental act of cowardly financial irresponsibility.
What say all of you?”

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.

5 posted on 01/07/2013 8:43:22 AM PST by Truth29
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To: Graewoulf
"All Kids Left Behind"

Rick Santelli knocks it out of the park again, this needs to go viral!

6 posted on 01/07/2013 8:45:43 AM PST by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: Graewoulf

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.


7 posted on 01/07/2013 8:52:33 AM PST by kabar
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To: Graewoulf

Is there a link to the footage? I’d love to see it and share it.


8 posted on 01/07/2013 8:56:22 AM PST by mn-bush-man
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To: circlecity
Greed on a breathtaking scale.

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.

9 posted on 01/07/2013 8:58:08 AM PST by oldbrowser (They are marxists, don't call them democrats)
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To: kabar

“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.”

Are you blaming yourself? Don’t blame me.


10 posted on 01/07/2013 8:58:08 AM PST by running_dog_lackey
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To: Graewoulf
our children are currently charged with. The amount is $ 3.5 MILLION per baby born today!

due to the misguided humanitarianism of libtards that only produces perversity of result.

11 posted on 01/07/2013 8:58:31 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: Graewoulf

The children (old and young) voted for the bum. It’s their problem


12 posted on 01/07/2013 9:08:42 AM PST by llevrok (ObamaLand - Where young people go to retire.)
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To: Graewoulf
The Leftist’s philosophy should be considered as follows:

‘Allow the murder of as many babies in utero at possible and tax the rest to death before birth.’

13 posted on 01/07/2013 9:11:44 AM PST by 444Flyer (Genesis 12:3)
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To: mn-bush-man

Here’s a link to Rick’s video...

http://video.cnbc.com/gallery/?play=1&video=3000139688


14 posted on 01/07/2013 9:16:13 AM PST by shove_it (the 0bama regime are the people Huxley, Orwell and Rand warned us about)
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To: Graewoulf

Don’t worry — the “rich” will pay for it all once they start paying their “fair share” of taxes.


15 posted on 01/07/2013 9:22:24 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Graewoulf

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.


16 posted on 01/07/2013 9:31:00 AM PST by ex-snook (God is Love)
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To: Graewoulf
"The amount is $ 3.5 MILLION per baby born today"

$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.

17 posted on 01/07/2013 9:39:05 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: dfwgator

18 posted on 01/07/2013 9:50:02 AM PST by EEGator
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To: Graewoulf
What say all of you?

It is shameful to leave a legacy of not paying for what you spend.

19 posted on 01/07/2013 10:07:11 AM PST by ksen
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To: kabar
They want all the benefits the welfare state has to offer, but don’t want to pay the bill.

Actually it's the republicans that don't want to pay the bill . . . see their refusal to allow the Bush tax cuts to lapse.

20 posted on 01/07/2013 10:10:43 AM PST by ksen
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To: Graewoulf
That's a charming turn of phrase (it simultaneously makes the point against the left and snipes at one of Bush's less well-considered policies).

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 : Jews
comes to mind. (Supported by the further analogies
deficit spending : unborn children :: appropriation of property : Jews
and
abortion : unborn children :: gas chambers : Jews.)

21 posted on 01/07/2013 10:18:43 AM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: ksen
Listen, they were not tax cuts, but tax RATE cuts. The two are not the same. Also,the tax RATE doesn't significantly affect tax revenue. US Tax Revenue has been between 15 and 22% of the GDP for the last 50 years REGARDLESS of tax rates (see below). What this means is that Federal government spending should be between 15 and 22% of the GDP, not the 25+% it is now.

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

22 posted on 01/07/2013 10:26:37 AM PST by kosciusko51 (Enough of "Who is John Galt?" Who is Patrick Henry?)
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To: kosciusko51

Two corrections: 50 years should be 50+ years, and 22% should be 20%. Sorry for the confusion, if any.


23 posted on 01/07/2013 10:28:16 AM PST by kosciusko51 (Enough of "Who is John Galt?" Who is Patrick Henry?)
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To: ksen

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.


24 posted on 01/07/2013 12:45:41 PM PST by kabar
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To: The Cajun

” - - - - 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.”


25 posted on 01/07/2013 6:10:00 PM PST by Graewoulf ((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: austingirl

PING for sign ideas.


26 posted on 01/07/2013 6:34:37 PM PST by Graewoulf ((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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