Inside the Epic Political Battle Over the Debt Ceiling in 2012 (documentary) | FRONTLINE

30 thoughts on “Inside the Epic Political Battle Over the Debt Ceiling in 2012 (documentary) | FRONTLINE”

1. อริสาไม่ใช่พลขับ ส่ยงานกองทัพคะ อริสา ไม่ใช่พลขับ ส่ยงานขสทอ คะ

2. Frontline is as arm of the U.S. propaganda machine. The slants & sngles are interesting. Sometimes it almost seems legit.

3. Well dressed criminals

4. Republicans under Bush crash the economy and then those same Republicans use the debt ceiling leverage to block Obama and the Democrats investment bills.
   How can Republican voters not see the entire vision of the Republican Party that has lasted up until today? Heh.
   The current Conservatives are not about helping the population, it's to win political points and helping the rich.

5. I wish i could still say Obama was our worst president…then came Joey

6. getting to watch Frontline as an impressionable young person, I can largely thank them for helping me know actual facts about the real world. I can now use my actual knowledge as a shield against the crazy misinformation of the modern world.

7. Democrats have killed this Nation through uncontrolled spending, and that IS the Bottom line!!

8. This was clearly Obama’s fault. The Grand Bargain was done, and Obama got greedy with the Gang of 6. You know that the chamber with the opposite party is the folks you need to work with, and he kept trying to get more.

9. I don't get it. The White House had a deal but decided to move the goal post because they thought they had leverage against the Republican Party? Based on a rumour?

10. I was in the FDIC for 5 years. After this doc THIS IS WHAT HAPPENS. Two members in the House push to default and they get everyone on board. They keep telling the press who cares if we default what’s gonna happen. Well the week before we come to default the FDIC starts planning for massive bank closures around the country. I was part of the support staff for the FDIC in claims. I NEVER went on bank closings but I helped them get all the data filtered and if you had a bank closing after I showed up in 2010 I sped up the claims process from weeks to minutes cause I wrote a database query to find all the persons accounts in a bank. Used to take almost a month because an agent would have to go by hand and look for each account tied to a social security number. It was tedious and long and mistakes could be made. I found a way to get it all done in minutes. Well it wasn’t difficult they just never had someone in there who knew how to create database query. Anyway back to 2013 debt ceiling crisis.

    So the week before the deadline our manager brings us into the conference room for our usual meeting I was thinking nothing of it. And then we are all told this meeting is top secret like our bank list of banks that are on the threshold of collapse. Yes there’s an actual list and I controlled that too. And by 2013 that list finally started to get small. It used to be a big list. Mostly regional banks. No major banks were on the list.

    We were all told that with what’s happening in Washington IF we default like it looks like the republicans want to make it happen we all are going to different banks to do bank closings and all hands are on deck. Even myself. A person who never traveled.

    It was a crazy week. There were other depts there from Treasury it was just a crazy week. Word was it took the head of the FDIC, head of treasury, and I think also the Fed and they went to these republicans and explained in detail the domino effect that would occur if the debt ceiling wasn’t increased and we defaulted.

    See we were in a precarious situation at the time because after that the money guys prepared better to deal with threats like that. But what would have happened if we defaulted all the banks on that list plus A LOT more would all fall below threshold and by FDIC rules all those banks would then be closed. So once again we’d be back in 2008 PLUS more damage across the board. Geitner wasn’t joking about the Great Depression.

    The banks still weren’t stable post 2008. They were all limping along. We were still doing 1 to 2 closings a week. It would have been the nail in the coffin. I think Obama had hoped after a year banks would have better footing but they didn’t.

    So when all these money guys told the republicans what exactly would happen in succession and that banks in their districts would be shut down and millions of their voters couldn’t get money and then businesses shutting down because they can’t make payroll I believe a hour or two later they make a deal and pass a debt ceiling increase.

    We were days from the Great Depression and I couldn’t tell anyone about it and I was shocked we weren’t screaming this from the rooftops. But then I remembered they had to work their asses to get confidence back in the markets post 2008 with TARP and other spending packages.

    If Obama or others screamed this from the rooftops about the banking system collapsing if we default it would crater the stock market and do exactly what they were trying to prevent. That’s why they couldn’t tell anyone hey DO NOT ALLOW US TO DEFAULT.

    Anyway figure I would share my ring side seat of watching the country almost go into another Great Depression. Republicans are morons. They are obsessed with tax cuts. Ryan’s plan to go back to Eisenhower spending without Eisenhower tax increases is the most ludicrous idea I’ve ever heard. Eisenhower had taxes for the rich at 90%. I do not understand, well I know why now, why they can’t raise taxes on the rich. The rich need to pay their fair share. Why do you all think we have a highway system built by Eisenhower. Because we had 90% taxes on the rich.

    The majority of Americans will never be that rich and never be harmed by those taxes. We need to build our country up not put it on people who will do all they can to cost cut and do it on the cheap. Need to do it right. Revamp our rail systems. Upgrade our highways. Become the super power everyone sees us as. We have that capability. What we are doing now is allowing the rich to get richer and the poor and middle class to just float slightly above our heads and appreciate the scraps the rich give us. While they are dry on the shore eating yummy things and when they feel like it they throw us some leftovers. Trickle down economics has never and will never work. That’s what Paul Ryan and the young guns thought.

    Btw who knew canter and Ryan would be out of office before McCarthy. Bet those others didn’t see that either. Those jerks almost destroyed this country and I’m afraid they are doing it again with Iran. God help us all.

11. Sways of thy entirely thought s

12. Republicans just passed a bill that increases the debt ceiling by $5t and has a budget deficit of over $2t after using DOGE to gut the government and certain programs. It also removes subsidies in Electric cars essentially guaranteeing that China will dominate the electric auto industry simply because their government is actively supporting their electric industry.

    Just putting this here for posterity.

    Thanks, Boomers.

13. What time did this happen because there was a Muslim parked on the side of the road paying in the small town i live in and i thought that was weird i live in Springdale AR and begin a combat veteran im very observant it was a older model white car im keep in eye out for this guy

14. Never about the American ppl. Just a pissing contest.

15. Did Nancy have some class back then ? 😂😂😂

16. Great Documentary

17. king hellow.

18. fordmotor pawee
    $87&tiketcard camara de dioutados mi presentacion reoublicanos say taxis obama registrecho for queti casa inbercion
    for cina1000000$no oresidente reoresenta infkesion
    America bank 70 mcmacarty dabaclas por baja los inpuestos paul rayan politica obama.

19. Just say yes, just say yes, just say yes
    ❤. ❤. ❤ Just say yes to Obama care, thank you

20. More liars … Push the Political party's as a two party , they Win either way and American people lose. American people are awake and Not divided fktrads…. All Crap…. Both partys working collectively fkn over and robbing American people of trillions…

21. Am I just now learning that Biden is who blew John Boehner's cover in the secret talks with Obama? So Biden has been blowing it for decades now?

22. obama should’nt have been president, he’s Dumb !

23. arab spring mess

24. MAD COWS AS IF PRESIDENT ALONE UNILATERALLY SPEND MONEY ON ANYTHING IN AMERICA WITHOUT APPROVAL FROM USA CONGRESS. WHAT A PEOPLE WHO LIE ON EVERYTHING THEY DO.

25. Goodness gracious Agness Obama

26. Roll the dice again playing with the election and now it’s gone cost you.

27. This proves joe Biden runs his mouth to much, now i get why Obama didn’t endorse him in 2016, you ran your mouth to much

28. I laugh at this so called tea party they are a joke, this was the start of white fear after Obama was elected.. im glad they got handed their asses and quickly got booted out

29. 30:43 White House is getting double crossed? Obama double crossed the speaker first by demanding more concessions on a public announced generous deal…

30. Come to the basement right now, but pray before you get here. It's going down. 😂

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