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[USA4July1776]

@Wordavee1 Yes, I contend that, under the Reagan administration, a big mistake was made when blurring the difference between savings and investment banks, which contributed to this mess. No one with intellectual honesty, good faith and moral integrity will argue against the fact that Republicans have their share of blame in this current disaster. Leftists, however, only seem interested in demagoguing this crisis to establish their unsustainable and economy-destroying big government agenda.

[USA4July1776]

@Wordavee1 A GOP Congress forced Clinton & now Obama to cut spending.

The GOP has been forced to recognize its mistakes, but the Democrats are as arrogant and oblivious about spending as ever. Obama passed ObamaCare, yet another huge entitlement in the midsts of monster deficits. Taxes won't make a dent on entitlement deficits, they will only hurt economic growth. It can't be a coincidence that leftists systematically side with wrong, failed and evil; even a broken clock is right twice a day.

[Wordavee1]

As for regulations, it was DE-REGULATION which allowed the banks to link the banking side to the investments side of their operations, the selling of toxic mortgages & the other "legal" dodges which allowed them ti inflate their share prices to get bigger bonuses for their execs.

But when it came to the crash, it was the taxpayers who had to bale them out. Agreed, not all regulation is good, but a sensible balance provides a stable economy, & avoids false booms & catastrophic busts

[Wordavee1]

@USA4July1776

True, money badly spent, like on a war entered with little planning or strategy, coupled with REDUCING the taxes of the richest in the country, is bad govenment.

Let's not forget that under Clinton, the US was in credit, and it was under Bush's watch that this massive debt was accumulated, & you don't pay off trillions in a short time. Obama has inherited a war, hugh debt, & an opposition which has put their idiology & greed before the good of the US citizens

[USA4July1776]

@Wordavee1 You talk of "government spending" as if it necessarily means that it is money well spent. Borrowing money at interest to squander on vote-buying for special interests is not wise at all... it's actually very destructive and corrupt.

The state has a role to play, yes, and that is to foster an evironment which encourages a vibrant economy to prosper, creating jobs, opportunity and wealth... not crushing regulations and oppressive taxation while villyfing those Americans who succeed.

[Wordavee1]

@USA4July1776

Government spending supports jobs, education and infrastructure. If people aren't working, they're not paying taxes, and they have to depend on hand-outs & that costs money.

If you have a well educated, finantialy secure working population, that is your basis for a strong economy. The super-rich, cutting spending in their never-ending quest for more money, is like men in a hot air ballon throwing gas cilinders out to make the balloon go higher. It may work for a while, but.....

[USA4July1776]

@Wordavee1 What is certain, is that if America doesn't soon become the responsible author of its own economic, financial and monetary policies, China will do the job for us.

Without the Tea Parties, Obama and the rest of the moon-bat leftists who operate on sloganeering and other political epithets that fit neatly on a sticker on the back of their Prius, would still be talking about "investing" -an obvious and lame code word for yet more spending. Democrats are demagogues and out of control.

[Wordavee1]

WOW, the Tea Party has a lot to answer for. They are trying to bring down the government!!!

 They thought they had nothing to loose by refusing to budge on the debt deal, but they've gone too far! Remember this at election time folks, this is just a small example of what they will do to your, jobs, income and country if they ever get in power.