Wow this is really stupid and misleading. I like how it's acting like this recession is related to debt and inflation. We have been seeing no inflation and have been on the edge of DEFLATION since the recession.  More importantly, a government is NOT a middle class household and its debt activities cannot be compared to one.

Also, the most damning thing about this video is that it pretends that we didn't have a balanced budget in the late 90's and even claims that the tax levels that produced that balanced budget would cause riots. I was alive in the 90's. There were no riots due to Clinton era tax rates.

This is total bullshit and revisionist history. The recession was not caused by the government's debt nor was government borrowing responsible for outsourcing. No actual research economist thinks this. Moreover, economists agree that inflation is not a concern in any of the world's developed markets at the moment. Finally, it is not true that raising taxes during a recession will always exacerbate the recession. It is a question of what taxes you raise. The Germans raised their VAT and created a wealth tax in the earliest part of the recession and they're currently experiencing the strongest recovery of any country in the western hemisphere.

I got 45 seconds in and found two inaccuracies that any high school econ student should be able to spot. This is right-wing propaganda.

THIS IS GROSSLY INACCURATE. PLEASE DO NOT TAKE THIS AS 1) NON-PARTISAN, 2) FACTUAL IN ANY WAY.

The lesson learn here is we are all doomed. Thanks, corporate America.

Im hoping for two things: people (politicians and their misguided supporters) stop their self interests and hard line a proper fix, or they just release the zombie virus because I'm tried of all this shit.

This was really really good.

LOL econ 101

HAHAHA, buzzfeed takes on fiscal and monetary operations… what a fucking joke. this video is so full of misinformation it's unbelievable.

I like the idea of a simple explanation of the facts without an agenda. Unfortunately, this explanation is a little glib.
For one thing, the US has no problem paying the interest on its debts.
Also, There is no debt crisis! The whole debt ceiling debate was just political theater on both sides.
Here's a more accurate explanation of the reasons behind the debt ceiling deal and our public debt if you're interested:
The Deficit Deal: We Got Taken

The calm, matter-of-fact voice telling us how fucked we are is somehow a lot scarier than any screaming pundit I've ever heard.

nice seeing a NON-PARTISAN, non-finger pointing, blame game piece for once. well done.