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Originally Posted by DaddyHalbucks
50 years of crazy bloated fraudulent non-sensical self-defeating bankrupt government social programs is the cause, including the Community Reinvestment Act which was launched under Carter and expanded under Bill Clinton and served as the primary trigger for the real estate collapse. You can also send a note of thanks to Rep. Barney Frank who insisted that the flimsy government entities which propped up this scam were rock solid.
The current cause? Obama and the 200 big spending Obamas in Congress, who have only stepped on the accelerator towards the cliff of financial doom.
Who will get the blame? Depends who you ask. The left blamed GWB for everything that ever went wrong anywhere in the solar system, but they have played that card so many times that it is worn out.
If Obama gets half the blame he deserves --he will be bounced out on his ass in the next election.
The Looney Left's current whipping boy is the Tea Party.
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The truth is something very different. The Government spending put money into your pocket indirectly. Or do you think the beneficiaries of that money went to the Bahamas and banked it there?
50 years of arrogant thinking by the US. 50 years of moving jobs overseas and putting people in need of social benefits is part of the problem. If the Government hadn't been employing people, who would of?
And the real problem was Governments lending money to make up the difference between what it had coming in and what it had going out.
Your low taxes were only because the Government borrowed to make up the difference. So stop the Government spending that money. Great solution, let's just take 13 trillion out of the US economy.
And who do you think pays for all the services you take for granted. Private Enterprise?
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But dude, how do you wean people of an ENTITLEMENT MENTALITY?
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Here's the solution. Get them into jobs that provide the country with a profit. Maybe this.
Do away with all the services people take for granted. Just a few instances. Roads, paramedics, fire men, police, life guards on beaches.
So that you have to take out private insurance to cover these items. Just like private heath care. So here's how it works.
When you drive a meter in your car automatically takes money from your bank account per mile you drive, this goes to pay for the roads and the people who work in the offices administering the whole system, the share holders, the highly paid executives and of course profit. If you call the police, paramedics, etc it works the same way. Or it's done on a swipe credit card when they arrive.
Here's how it will work.
You wife has been raped and injured by a Hispanic burglar. You phone the private police and paramedics. They inform you that you don't have the premium cover plan which covers rape by Hispanic burglars. So they can't help and advise you to take your wife to the hospital in your car.
But shit, when you go to drive out the car stops. Because theres no money in your bank account. Because you did have a shop in an area that was mostly people living on benefits and when they didn't get their checks, they rioted and looted then burned down your store. Putting you out of business. The insurance cover you had didn't cover riots by Hispanic looters.
Extreme but it's to illustrate that you take for granted a lot of the services you receive, services that are being paid out of the public purse.
And lastly. GWB's Dad never sent the Army into Kuwait to kick out Saddam Hussein, who decided to invade Saudi as well and now gas is sky high and Saddam is still living like a king. Just a lot richer. Why didn't he send the Army, it was cut to save putting up your taxes and not to borrow money to pay for the Army.
I don't know the precise figure, so someone can go look for it, yet I would bet 95% of all Government spending is spent in the US. And flows around the US. Until you buy a foreign car or other goods.
That's why the borrowing is so high.
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Originally Posted by DaddyHalbucks
Big Business isn't perfect, but at least it produces SOMETHING of economic value.
35,000,000 Baby Mamas on welfare are only takers.
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Yes how fucking dare them Mamas buying Mercedes with our money. How one track. They spend the money in shops, that employ people, they probably couldn't get a job because there are none. Go figure out how to make working for a living possible and better.