Quote:
Originally Posted by The Demon
Lets start with the printing press. Lets start with the subprime mortgage failure. I agree the private sector didn't help it at all, but it was the government that unleashed hell. Personally, as someone who follows the Austrian School of Economics, I would rather have Wall Street and everyone who should have failed, fail. The bailouts only increased the destruction of the imminent collapse.
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ideally, wall street should have been allowed to die. but practically speaking, no politician has the ballsack to tell wall street to suck it, because the public will blame washington for doing nothing while their bank burns down. Both parties united to bail out the street, so the repubs, who idealogically should have said no, went along with it.
a huge reason republicans dont take on entitlement spending is because the public demands everything from the government. solve all lifes problems, & dont tax me too much. only the tea party really wants to kill the entitlement dragon.