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Response to Triana (Original post)

Sun Jan 10, 2016, 12:49 PM

8. sorry that's just dumb

"all that debt" did not come from TARP, nor from the stimulus bills.

There was plenty of debt before that, and plenty of causes - the Reagan tax cuts, the Clinton tax cuts, the Bush tax cuts (all mostly benefiting the rich) the Iraq war, the Afghanistan war, the prescription drug subsidy, and so on.

And a bunch of the new debt came from the recession - lost revenue and extra expenses caused by that.

Of course, now we have the Obama tax cuts too - $1.3 trillion to the richest 5% over the next decade.

And of course, even more to the richest 20%.

An orgy of tax cuts for the top 20% means that the bottom 40% needs to tighten their belts.

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LineReply sorry that's just dumb
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