Quote:
Originally Posted by Vendzilla
that comes out to 42,000 per person
Now why would people be upset?
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It's a little unnerving, but nothing worth holding redneck Tea Party rallys over.
175 Million US households puts the debt at $72,417 per household.
I'll bet 98% of those idiots at the Tea Party rallys don't even know that the national debt includes debts such as mortgates, car loans and credit cards.
The right wing wants Republicans back in power to fix the very economy that they wrecked, but consider the following...
US Federal Debt as Percent of GDP by President
Look at that. The "small government, tight spending and good for business" Republicans seem to have a little problem living up to what they bill themselves as. No surprise. They just do the fake-out pandering for hick and Christian votes and then deliver pretty much nothing they campaigned on. When are you right wing voters going to learn?
Quote:
Originally Posted by Vendzilla
Maybe instead of directing your anger at the guy that started it, maybe aim some it at president that still has us there, it's been 15 months
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Get a clue.
Realistically, the only way to have
possibly fixed the problem in 15 months would have been to take drastic measures such as foreclosing on every American after missing 2 payments and then boot them out of the house very swiftly. As long as many Americans have mortgages they can't afford, there is going to be a domino effect.
Which brings us back to the Bush era when they should have corrected the housing program. Rarely do programs work according to the original terms. It was during Bush's run that lenders should have been regulated against giving mortgages to anyone with a pulse. Unfortunately, Republicans are highly against corporate regulation, so that wasn't going to happen.
You see, we are now witnessing those long term effects of Bush that so many crazy tinfoil hat wearing Democrats screamed about for 8 years.