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 uses the economic approach, which is more fair than the republican approach, but more complicated. Oddly, the Republican approach makes them look worse when you actually calculate what happened.

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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.