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Who is to blame for our (USA) current debt situation?
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25 Answers to "Who is to blame for our (USA) current debt situation?"
Posted by ARTOFNOISE Feb 18th, 2012 at 6:43PM
THE BORROWERS.
THOSE TINY PEOPLE....
:)
Like (4)
Posted by BiggTony Feb 18th, 2012 at 6:42PM
Us America....Us.
Like (4)
Posted by ReUndone Jun 10th, 2012 at 9:21PM
That would be the legislative branch or our government. They're the only ones that can actually spend the money.
Like (3)
Posted by AuDigit Feb 18th, 2012 at 10:38PM
The Cabal of banks that constitute the Federal Reserve system and the creeping "progressivism" they and crony politicians utilized to hook the body politic on debt in order to buy their constituencies...
Like (3)
Posted by BarvoDelancy Feb 18th, 2012 at 9:52PM
The extremely wealthy and the cronies elected to office who handed them the country over the past thirty years.
Like (3)
Posted by DeborahFoster Feb 18th, 2012 at 6:43PM
The banks for lending money they didn't have and the American citizens for spending it. It is the same the whole world over
Like (3)
Posted by roningy Feb 18th, 2012 at 6:43PM
I dunno...voters?
Like (3)
Posted by littleone7733 Jan 13th, 2013 at 7:11PM
Ma'am, a very good question. I didn't bother to read the other answers to your question this time because they will most likely be a lot of hot air.
We are all responsible. You are still young, but I would urge you to read the following words of President Teddy Roosevelt. They apply to so many things, so many situations. Far too many Americans sit back and complain while doing nothing, absolutely nothing to try and change things for the better. Here are his words:
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
Like (2)
Posted by NatureKeeper Oct 24th, 2012 at 3:56PM
Its the banking system.
Like (2)
Posted by xospi863 Sep 10th, 2012 at 6:33PM
if every person in the USA chose for 1 year not to receive their taxes back at the end of the year we would have paid 311 billion dollars back into the economy.
Like (2)
Posted by automatrix Feb 25th, 2012 at 12:24AM
Phil Gramm and John McCain are the idiots who repealed Glass-Stegall, they are to blame, as is Wall Street which wanted it to happen.
Only one major economy - Canada - did not remove laws separating banks and investment companies. And Canad was the only country which had NO bank failures nor need bailouts of businesses or banks. Only an idiot doesn't see a link between the two.
Like (2)
Posted by chillsdavis Feb 22nd, 2012 at 10:35AM
The financial industry as a whole.
Like (2)
Posted by firstminister Feb 19th, 2012 at 7:50AM
It started with Clinton
Like (2)
Reply by automatrix Feb 25th, 2012 at 12:21AM
Like (1)
Posted by maple10 Feb 19th, 2012 at 1:44AM
A government that spends more than it takes in and people that aren't willing to have their handout trimmed back.
Like (2)
Posted by Lifeiscalling Feb 18th, 2012 at 7:54PM
All those bailouts to all those company's. That the gov't started with Bush and kept right on doing with Obama(who is still doing it) I say the company's should have been allowed to fail since they were stupid enough to run it into the ground in the first place. Isn't that what is called the free enterprise system?
No, Our gov't had to give our money to failed company's so that the top people could get their bonus's and still not help the ecomany
Like (2)
Posted by EnternalSoul Feb 18th, 2012 at 7:23PM
The greed of those who have more money than they will ever need in this life and always wanting more. The corrupt governments and politicians who worship wealth and aristocracy at the expense of the poor and vulnerable.
sed on those who have versus those who have not. We are our own natural predators.
The human food chain is ba
Like (2)
Posted by Dave748 Feb 18th, 2012 at 7:09PM
The Bush administration. Two wars that have dragged on for 10 years and tax cuts for the rich.
Like (2)
Posted by pillorycolin Feb 18th, 2012 at 6:58PM
the pathetic yank federal goverment as much use as david cameron.
Like (2)
Posted by gityergameon Feb 18th, 2012 at 6:51PM
Us as a nation.
Like (2)
Posted by TheOnlyBenis Feb 18th, 2012 at 6:47PM
The Federal Reserve and the BIS
Like (2)
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