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12-Year-Old Kid Explains Why We`re All In Debt

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.

submitted by: TheGuySmiley
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12-Year-Old Kid Explains Why We`re All In Debt. 12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt.
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Hits: 7416 | Favorites: 4 | Emailed: 2 | Rating: 2.2 | Category: News & Politics | Date: 05/17/2012
 
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PopCap
Male, 30-39, Eastern US
 472 Posts
Saturday, May 19, 2012 3:41:56 AM
@BlazingBird "Using a kid to further someone else's motive. It`s rehearsed, you can tell."

Really? A 12-year-old kid with limited knowledge and zero pertinent real-life economic skills had to practice a little to give this 6 minute speech? Obviously, she must be of special needs, as every toddler in my son`s daycare can rattle off Homer`s Odyssey and all the works of Shakespeare, verbatim, without even having read them.

number1man
Male, 13-17, Eastern US
 240 Posts
Friday, May 18, 2012 9:22:56 AM
800 billion? LOLOL that's pocketchange compared to America`s Debt

BlazingBird
Male, 13-17, Europe
 98 Posts
Friday, May 18, 2012 8:22:39 AM
Using a kid to further someone else's motive. It`s rehearsed, you can tell.

OldOllie
Male, 60-69, Midwest US
 12864 Posts
Thursday, May 17, 2012 9:31:31 PM
She missed the larger point: if the government weren't spending more than it was taking in, it wouldn`t have to borrow ANY money from ANYONE! When you spend money, it has to come from somewhere. You can raise taxes, borrow it from banks or by selling bonds, or you can create it out of thin air. This latter option does not, according to popular misconception, cause inflation; this IS inflation. Rising prices are caused by inflation.

Tax, borrow, or print. It`s the SPENDING, stupid.

drawman61
Male, 50-59, Europe
 5097 Posts
Thursday, May 17, 2012 1:37:11 PM
It's funny coz it`s true.

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