Comments on: US deficit soars six-fold - Government spending:

By: Michael Fleming

Michael Fleming — Tue, 18 Oct 2011 09:51:36 +0000

Very little in any Wall Street corruption caused this; if I am wrong, please provide me the specific factual examples?

Sad….look instead at the government agencies that were put in place and funded by Congress that setup the environment for this disaster! Congress blaming the free markets is an absolute outrage; only a non-thinking fool would believe otherwise!

By: John Schroy

John Schroy — Sun, 22 Aug 2010 09:23:02 +0000

Yes, indeed. Long-term demographic changes are often ignored when comparing current to past crises. The demographics of the Great Depression are considerably different from those of today.

Not only has government grown in size, but, perhaps more importantly, in complexity. Today, with hundreds of thousands of governmental units of all types, the inter-relationships and effects are virtually unknowable.

By: matt

matt — Sun, 22 Aug 2010 01:58:42 +0000

The sad part is the vast majority of the bail-out was spent on no risk covering on CDS’s which were written by the Large houses and AIG who wrote the protection and believed the cheap fees were free money and did not need protected. Sub prime mtgs. the total mkt. being $600B could not create trillions of loss globally.

The Stimulus as far as I can tell went almost 60% to save, keep and create Government Jobs and pensions.

One little fact. Since 1910-2004 our population grew 3x 90M to 270M appx. Federal Gov. grew 65x per-capita same time period!
Matt

By: Sad54

Sad54 — Thu, 22 Oct 2009 21:29:35 +0000

Foreigners got suckered by Wall Street corruption that has brought the global economy to its knees.