The National Debt: A Short History Of Presidential Lies

Presidents love to lie about cutting spending. New video produced by the non-partisan Bankrupting America on Washington’s history of inaction on cutting spending Talk Is Cheap, Overspending Is Not In 1986 our debt was $2.1 trillion and Washington was making promises to rein in our excessive spending.  Twenty-seven years later Washington is still making promises, but the only differences we see are a $16.5 trillion debt and better picture quality on C-SPAN. If we’ve learned anything since then, it’s that the only thing a talking politician is good for is a distraction.  #TalkIsCheap. --- DB here.  Dallas Fed President Richard Fisher calculated that the government's unfunded liability for Social Security and Medicare alone comes to a staggering $99.2 trillion, or $330,000 for every man, woman, and child in the United States. It's an imp...