National Debt / Voodoo Economics Video & Slides

This slide show explains why the Republican debt is $12 Trillion when calculated by the balanced-budget standard that Republicans prefer, but only $9.2 Trillion by economic standards. It aslo explains some about why the debt went out of control, and when debt is good and when it's bad.

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Here's a short version that only cover the economic approach, where the debt came from and the boom caused by the WWI debt.

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This video also uses the economic approach (not the Republican's balanced-budget approach) to calculating the Republican debt.



You may download and post these shows.