As the debt ceiling battle fast approaches, the organization Bankrupting America has released a YouTube video to convince Congress that government overspending must be stopped and the budget needs to be balanced.
The video cues up footage of various politicians — from Reagan to Obama — promising to reduce the national deficit, while subtitling the images with the amount of debt at the time of the politicians’ words, showing the increase in debt over the years.
“Another crisis, another promise,” the video’s text reads, referencing the promised spending cuts in fiscal cliff deal of 2012. “Another missed opportunity.”
The video then asks if Congress will step up during the debt ceiling talks, now that debt stands at more than $16 trillion. Viewers are then encouraged to participate in the campaign by using the hashtag #talkischeap on social media sites.
The video is part of BA’s “Talk is Cheap, Overspending is Not” campaign, which began on New Year’s Eve with a massive advertisement blitz in D.C. Metro stations. Bankrupting America is special project of Public Notice, a nonprofit devoted to fiscal policy.
While President Obama claims “we don’t have a spending problem,” Bankrupting America is seeking to make sure Washington realizes it does, in fact, have a massive spending issue that needs to be addressed — now.