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How Did America's $14 Trillion Debt Happen? Tax Cuts and War

As it turns out, Bush-era tax cuts and the wars in Afghanistan and Iraq account for more than half of America's total public debt.

As of May 6, America's total national debt stood at $14.32 trillion. That somewhat scary number has lots of voters nervous about America's apparent fiscal irresponsibility, and that in turn has resulted in the farcical game of chicken being played over the debt ceiling.


In that context, it's important to realize how we got into this hole in the first place. The chart above, making its rounds on the political blogs this week, is pretty clear. The debt-financed Bush-era tax cuts were the biggest single contributor to our current shortfall. The wars in Afghanistan and Iraq account for a hefty chunk, too.

Despite that reality, you still have the people who claim to be most worried about America's money-management problem arguing for extending tax cuts for the highest earners as the solution because, you know, some loose change will eventually fall off those mountains of money they're making.

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via Affinity Magazine / Twitter

Disgraced movie mogul Harvey Weinstein has been found guilty of rape in the third degree and criminal sexual acts in the first degree in New York City.

The jury was unanimous in its convictions as well as two not-guilty verdicts on predatory sexual assault charges involving actress Annabella Sciorra.

The Miramax co-founder may spend the rest of his natural life behind bars.

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Culture
via Jim Browing / YouTube

Jim Browning is a YouTuber from the UK who has an amazing ability to catch scammers in the act.

In this video, he responds to a scam email claiming he bought a laptop by breaking into the scammer's computer. In the process he uncovers where the scammers work, their banking information, and even their personal identities.

"I got an 'invoice' email telling me that I had paid for a $3800 laptop," Browning writes on his YouTube page. "No links... just a phone number. It's a real shame that these scammers emailed me because I was able to find out exactly who they were and where the were."

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Business

A two-minute television ad from New Zealand is a gut punch to dog lovers who smoke cigarettes. "Quit for Your Pets" focuses on how second-hand smoke doesn't just affect other humans, but our pets as well.

According to Quitline New Zealand, "when you smoke around your pets, they're twice as likely to get cancer."

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Health