Free Talk Live

The debate in Washington, D.C. over the federal debt continues as the Aug. 2 deadline for raising the “debt ceiling” approaches. Standard & Poor's has already reported that it would cut the U.S. credit rating from AAA to D, the last rung on its scale.

We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.

Music rap video by Remy paradies government spending and the battle over raising the debt ceiling

A brilliant market solution to the "student debt crisis." People volunteer time and others donate money to pay down their debts. A solution that doesn't involve the government just giving people money after they were fiscally irresponsible.

Video: Remember "Little Darth Vader" from the Volkswagen commercial? His name is Max Page, he's 6 years old and he's in Washington voicing his opinion on the debt limit.

At least someone in America isn't feeling a credit squeeze: Uncle Sam. This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion. In this economy, everyone de-leverages except government.

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FreeTalkLive.com's Ian Freeman and Mark Edge seem to think that it's a waste of time to investigate 9/11!

"Who cares who did 9/11, it doesn't matter"
- Ian Freeman

Time For A New American Revolution?

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Be sure to read the updates in the Youtube video description. It would be a shame for such apparent talent not to be tapped.

An arcane idea that started on finance blogs in the summer of 2011-- that Tim Geithner should mint a trillion dollar platinum coin to avert the debt ceiling -- is now seriously taking off...