David Stockman: We’re Blind to the Debt Bubble – PBS Newshour 05-30-13 « Investa•The baby boom generation has unfairly benefited from bubble-finance, a 30-year explosion of debt which created temporary but unsustainable economic prosperity, and a financialization of the system through lower and lower interest rates that has massively rewarded speculation but not real investments. $60 trillion of net worth in the household sector of which $45 trillion belongs to the top 5 percent.•We need take back at least some small fraction of the great windfall for the upper 1 to 5 percent and pay down the government debt else the next generation is going to be buried paying taxes.
Run your own nation, play Cybernations."Conservatism is the blind and fear-filled worship of dead radicals."
- Mark Twain
2. Didn't Clinton reduce CG rates AND Republicans in Congress demand spending cuts (austerity) in the '90's to produce the budget surplus?
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!
Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.
How does the Obama economic policies promote growth?
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.