Global Economic Collapse Explained by Goldman Sachs CEO, Senator Alan Simpson, and Erskine Bowles

Obama has caused the fiscal cliff... He was the man incharge when the can was kicked down the road. The long term effects of Obama are 100% worse than the short term problems. This debt will literally end America as you know it. The damage isn't 50 years away.... It's 0-10 years away.

This is the first part of he CNBC interview with Goldman Sachs CEO, Senator Alan Simpson, and Erskine Bowles that took place at 12:30 on 10-11-12. Goldman Sachs CEO Lloyd Blankfein, Senator Alan Simpson, and Erskine Bowles explain how and why the "fiscal cliff" the United States faces this December could cause a global economic collapse.