Posted On: 02/08/2016 3:17:30 PM
Post# of 65629
It simply comes down to spending....no matter what other influences there are:
Yes, it's everybody's fault as a whole. I tend to point the finger at monetary policy(FED RES) and those that waddle in it(FED GOV).
That manipulation is then put forth to the general public.....who in turn.... swallows it up via ignorance.
Quote:
What is fair to say, in my opinion, is that the national debt is more of a reflection of the citizens of this country. It was no presidents fault for an ordinary citizen to walk into a bank, sign his name to a stated income loan, agree to an adjustable rate mortgage, and not be able to pay for it because 1. He over leveraged himself and 2. Lied on the income statement about his annual income. That was no presidents fault yet the results of those mistakes were reflected.
Yes, it's everybody's fault as a whole. I tend to point the finger at monetary policy(FED RES) and those that waddle in it(FED GOV).
That manipulation is then put forth to the general public.....who in turn.... swallows it up via ignorance.
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