I have seen other people make the point. But to blame one party or person for this mess is ludicrous. It is a shared joint effort over many decades. And the housing bubble has zero to do with the deficit. The government needs to be smaller which means a lot of sacrificing on all peoples part The rich,the poor, the military, government jobs. EVERYONE and screw the Bush tax cuts he hasnt been in office in awhile now.
how is it clintons fault that nobody used the money or good credit wisely after he left?
thats not the point. the point is that the boom and subsequent bust share a common cause which is the responsibility of clinton. you should watch part 1 of adam curtis's documentary "all watched over by machines of loving grace"
Are you serious? The government does not need to be smaller, if anything it needs to be bigger. You've got the lowest taxes in the western world, and hilariously, now almost every country with a AAA credit rating has got universal healthcare. It's not government spending that caused the recession, it's the other way around. The recession grew from the banking crisis which was caused to a certain extent by the housing bubble, and the government had no choice but to boost spending to support the economy as tax receipts fell. That's why we have a deficit and every country is in the same boat. We should deal with this by sacrificing the poor, the military and government jobs? Fuck that. The rich caused this crisis and they can get us out of this mess. It wasn't the poor or public sector workers who caused this and they should NOT have to pay for it.
That's pretty much correct.
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