Comments on: Uncle Jay Explains: May 18, 2009

By: Andy

Andy — Tue, 30 Nov 2010 16:21:52 +0000

You failed to mention in your video that upwards of 70% of the American debt is held in-state. Meaning that the large majority of American debt is in bonds, held by American citizens, or private corporations. Less than 30% is held by China, Japan, or other foreign interests.

Also, I’d say a lot of our tax dollars aren’t being “taken.” I personally like the roads I drive on, and when a house catches on fire, I’m sure the owner likes having a fire department, and the police department does a lot for us too. I check out books from the library periodically. If it weren’t for taxes, life in America would probably suck.

By: Fred

Fred — Thu, 04 Mar 2010 18:17:52 +0000

The situation is that Capitalism failed again. Every 40 years Capitalism dies and must be fed with a sacrifice of the working class, it needs smaller sacrifices about once every 8-10 years in between deaths. This sacrifice takes the form of governments being forced to spend large amounts of your tax dollars to give to rich people like bankers so they will feel rich enough to lend money again. You see children, if Capitalism worked, it wouldn’t die of its own greed every 40 years or so 2010, 1970, 1930, 1890, 1850, as long as the relevant figures have been gathered the 40 year cycle has been there. Now you may not like your country being in debt, you may not like being taxed to pay to keep rich people rich, but you like Capitalism. Why is that again ?

By: Billy

Billy — Sun, 26 Jul 2009 03:18:03 +0000

I don’t understand how people can vote for Obama with the promise of “change” when all he has done is repeat the mistakes of the Bush administration 10 fold. When Bush passed a stimulus package it was a huge mistake. When Obama signed a 800 BILLION dollar stimulus package, he was a hero. Then, when it didn’t work, he said it was Bush’s fault. Now don’t get me wrong, Bush was an idiot. He spent way too much money, and got us into the Iraq conflict. Oh wait, didn’t Obama just drag us back into Afghanistan? If the government were to run a surplus of 100 billion dollars, it would take 1,100 YEARS to pay off the national debt. And as we spend more and tax less (except for those lazy rich people, we can take 70% of their income) the debt will never be paid off. Besides, we’re quickly running out of “rich” people.

By: Logan

Logan — Tue, 16 Jun 2009 21:56:32 +0000

Wasn’t the whole reason that we didn’t force the Communists out of North Korea because the Communist Chinese overwhelmed the U.N. forces with millions of their bodies? Will the U.N. ever do it’s job and do somethink that will get rid of a threat to the whole world? Maybe if the leaders of nations would take responsibility for their actions we wouldn’t be in debt like this.

By: Roberto

Roberto — Tue, 02 Jun 2009 01:15:40 +0000

Uncle Jay,
How come our president dropped his middle name? I think it was Hussian or Insane or something like that, but since I’m only a pee-on I’m not sure, could you help me understand? How come he keeps letting North Korea shoot those big rockets into the air because Al Gore knows they cause air pollution. How come my mommy and daddy don’t have a job now and how come they can’t get money from the banks who have guadrillions of dollars to give out now? How come President Osama wants to start building cars now? I guess I will just stay confused Uncle Jay unless you help us little kids understand.

By: ricky

ricky — Thu, 28 May 2009 09:36:41 +0000

The gold standard use to work.Why don’t we go to the granite, or limestone standard? We’d all be rich, and pay the debt off by the train load. Just give China a mountain worth of rocks. Problem solved, now let’s move on….ricky

By: JSH

JSH — Wed, 27 May 2009 19:42:22 +0000

It’s not the fault of baby boomers. Most of us are just as angry as anyone else. Anytime there is power to be had, wicked men (and women) want it, and will lie, cheat, and steal to get it. A big part of our problems goes back to 1913 when the income tax was begun. Always remember, there is no such thing as a “temporary” tax or government program. Once government begins something, it never ends. Big government means more taxation, and it’s rapidly moving to the point that we won’t be able to make a living for all the taxes we have to pay. It has been said that the big problem with “socialism” is that eventually you run out of other people’s money. So where does that put us? Obama has never done anything productive in his life. All he has ever done is skim his salary off the top of charitable donations, so he thinks that the government coffers are never-ending. Of course, he has more lofty goals than just the presidency.

By: PB

PB — Wed, 27 May 2009 07:10:24 +0000

All those big numbers mean nothing to children. After all, they have been taught math in a government school. And I doubt even China makes a calculator with enough digits to figure the annual interest on the debt.

By: Ree Fungorio

Ree Fungorio — Wed, 27 May 2009 02:52:07 +0000

Why have an opinion? It’s all gonna be OK if you just ask forgiveness. Hopefully my court-appointed law[person] can explain that I have been a victim of circumstance; I had no way of knowing what might happen (all the better excuse. Aye, Fate?).

When the waterfalls and creek-cuts start talking, it will be a matter of a simplitude of dim executive decisions before we start fighting over cellars. A dark hole here, a depression there…”this one has a roof and a door”, “this one is down-looking”, “this one sucks but has a 12″ Therapy? single”.

I ask: Why fight it?

By: Just Ginia

Just Ginia — Tue, 26 May 2009 19:54:55 +0000

I don’t know, I think I am considered a Gen-Xer. I just have to say that I thank the Good Lord above nearly every day that I was raised by my hard-working, never asked for anything, always lended a hand, honest, and debt free farming grandparents. I have kept the lifestyle alive and pray I pass it on to the next in my family. Get involved, people…grumble to your elected officials every chance you get. AND GET RID OF YOUR PERSONAL DEBTS!!!!!