DVD Review: FRONTLINE: Ten Trillion and Counting: n/a: Movies & TV

Jun23

DVD Review: FRONTLINE: Ten Trillion and Counting: n/a: Movies & TV

Posted by admin | on 23 June, 11:46 PM

Product Description
All of the measures by the feds to stem the tide in the financial meltdown have added hundreds of billions of dollars to our national debt. FRONTLINE reports on how this debt will constrain and challenge the new administration, and on the growing chorus, that without fiscal reform the US government may face a debt crisis of its own in years to come that make the current financial problems look almost painless by comparison.

Horned Bush and Haloed Obama,

By Jeffery Mingo (Homewood, IL USA) -
(TOP 500 REVIEWER)

The work begins and ends with Obama. However, as you watch, the work makes it clear that the current president is not responsible for the astronomical debt.

The work spends one-third of its time blaming George W. Bush. In fairness, the work shows how Bush the Son learned never to increase taxes via his father’s lost election. However, the work says W. knew that you can’t fight a war and reduce taxes simultaneously. Treasury Department heads are interviewed saying they were glad W. fired them because they could not promote his policies with integrity. The work says Bill Clinton faced a law stating that the federal government could not spend money if it did not have a source for that spending. Although many Republicans have promoted small spending, the work emphasized that Bush the Son NEVER vetoed a spending bill. The work implies that W. ran up bills and did not care about the consequences. Several Republicans who favor small government were interviewed condemning W. and his practices.

The work stated that there was no deficit problem when W. first entered office. Although I view the work as condemning Bush the Son, I see that it never gives Bill Clinton any credit for that previous great financial status. The work implies that W. was never punished for his poor policies. However, I would say the landslide elections of Democrats in 2006 and 2008 were the punishment for the last administration. Like everyone, I worship Obama. Still, many have noted that Bush’s failures may have created the space in which Barack the bruthaman could win the election.

The work mentions many of the difficulties that Obama faces as president. However, they quote him sounding so smart, realistic, and professional that it made him look like he would be the perfect person to correct these problems. I imagine that many viewers will leave this work saying, “Obama is the man! This reminds me of why I was so happy to vote for him in the first place!” If you think ‘Rack and Michelle are the grooviest things since extra-large Reese’s butter cups, this will only re-affirm your position.

The work presents Social Security, Medicare, and Medicaid as the problems that are and will cause a crisis for the government. However, the work skips something crucial. It says we owe this debt to Chinese and other foreign investors. As I watched this, I wondered, “What if the Chinese say, ‘Sorry, America! We want to focus on our own country. We no longer want to give our money to you.’”? To me, that is the main problem with the deficit and the work does not answer that concern.
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