Malse
11-03-2008, 07:53 PM
Nothing here new to anyone that's been paying attention, but since that covers like 15 people this is a decent "edutainment" film about the fiscal policy crisis that has been steadily eroding the US economy for the last four decades, its brief abatement during the Clinton administration, and the crashing triumph of dishonesty in the last eight years.
Some of the comments by Greenspan, former GAO Comptroller Walker, Ron Paul, and former Fed chairman Volker are particularly interesting. This film was primarily done in late 2007 and current reality is actually worse than it projected.
Oh, something it touches on but doesn't examine in depth was that Social Security, constantly bemoaned as unsustainable, is only unsustainable because the surpluses it's been accumulating for several decades have been pilfered by every congress. It was supposed to be accruing this money for disbursement when the contributors retired, but instead was used to attempt to shore up our massive budget shortfalls.
The program works, it got knifed.
Some of the comments by Greenspan, former GAO Comptroller Walker, Ron Paul, and former Fed chairman Volker are particularly interesting. This film was primarily done in late 2007 and current reality is actually worse than it projected.
Oh, something it touches on but doesn't examine in depth was that Social Security, constantly bemoaned as unsustainable, is only unsustainable because the surpluses it's been accumulating for several decades have been pilfered by every congress. It was supposed to be accruing this money for disbursement when the contributors retired, but instead was used to attempt to shore up our massive budget shortfalls.
The program works, it got knifed.