Audio Clips

13 November 2012

The Budget Solution is Unavoidably Painful

This is a great (but dry as a desert) 5 minute illustration about why the federal budget will not be solved without inflicting serious pain on every single American.  The time to fix the problem without pain was about 20 years ago.  It's too late to do that anymore.  We're just going to need to deal with reality.  Unfortunately, I don't believe most Americans are there yet and won't be there until we hit the wall when people stop buying US bonds.

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