Let us not forget, in 01 and 08 it was the Republicans responsible for tax cuts, which are not as effective in creating jobs. In addition, they spent $350 billion to save the banks with TARP but did nothing for homeowners. As for health care, The Republicans passed the 2005 Bankruptcy Prevention Act. The number #1 cause of bankruptcy is medical costs. The government has racked up $16 trillion in debt — and it has ruined our country. They have decided to ignore the pleas of people. Instead, they created Multi-trillion-dollar wars, unrestrained stimulus for social welfare programs and bailouts for Big Banks. Taking on that much debt without being able to pay it back is simply unsustainable. The creditors (China!) will come calling one day soon. Therefore, when they do, our government will not be able to pay them back. We will have an economic collapse of historical proportions on our hands. Bank accounts will be obliterated. Unemployment will be the norm. Urban unrest will grip the country and millions of lives will be ruined.
Posted on: Sun, 28 Sep 2014 05:53:49 +0000
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