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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (43248)	5/20/2010 12:43:00 AM
From: RMF	Read Replies (1) \| Respond to of 71588

DEFICITS are what's killing us... Up to 1980 we were doing pretty good on deficits. Then they started to jump. If we keep everything IN HOUSE (i.e. spending and revenues) like we were doing before 1980, then we'd be O.K. It's when we started piling up and piling up these deficits to the point where OTHERS started controlling our destiny that all the problems began. Of course, NONE of that really matters if our largest banks can create $60 TRILLION of DEBT out of THIN AIR so they can make Billions in bonuses. This mess is just like the Savings and Loan mess where a FEW guys were able to play Monopoly with the ENTIRE Country's Wealth and the REST of us have to EAT the crap they leave in their wake. Canada's banks don't have the problems OURS do because their regulators didn't ALLOW all the BS that WE allowed. We could be running Trillion Dollar surpluses, but as long as our financial institutions can just Create Derivative Crap then we'll continue to be in jeopardy...