A lot of the blame lies with Maynard Keynes and his theories of deficit financing. Once the politicians heard that, they felt it was all right to spend more than they would ever receive in taxes. "We'll pay it back in better times". And when inflation erodes the value to be repaid.
George W's war spending accelerated the U.S.deficit and locked the country into more "defence" spending to this day and into the future. Still, the defence contractors get nice and rich and hey, look, the politicians are on their boards of directors.
It will never get better because lenders are so greedy they want their debtors to get up to their eyes in debt. They have succeeded but now comes the concept of risk.
Surprised nobody mentioned the Bilderberg group...
The planet is hugely overpopulated, resources are being depleted and we'll drown in pollution before long.
It will all end in tears. Otherwise everything is hunky-dory!
Latest Comments
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
A lot of the blame lies with Maynard Keynes and his theories of deficit financing. Once the politicians heard that, they felt it was all right to spend more than they would ever receive in taxes. "We'll pay it back in better times". And when inflation erodes the value to be repaid.
George W's war spending accelerated the U.S.deficit and locked the country into more "defence" spending to this day and into the future. Still, the defence contractors get nice and rich and hey, look, the politicians are on their boards of directors.
It will never get better because lenders are so greedy they want their debtors to get up to their eyes in debt. They have succeeded but now comes the concept of risk.
Surprised nobody mentioned the Bilderberg group...
The planet is hugely overpopulated, resources are being depleted and we'll drown in pollution before long.
It will all end in tears. Otherwise everything is hunky-dory!