- Thread starter
- Banned
- #21
The U.S. is already over 18 trillion dollars in debt. We also have something around 65 trillion dollars worth of unfunded obligations. Each year, we HAVE to pay 420 billion just on the interest of our national debt. So for all intents and purposes, the U.S. is already bankrupt. The only thing keeping our monitary system afloat is happy thoughts and fairy dust.
Also, it was because of Bill Clinton that the huge sucking sound was heard that Ross Perot spoke of as jobs left America. Causing anywhere from 300 billion to over 700 billion a year in a trade imbalance with China alone. You can't tell me such things didn't help bankrupt America. Also, I had heard it said that back during the Clinton administration, our budget was balanced. But years later, I found out that they were able to make it look that way on paper by using accounting practices that would have been ILLEGAL in the private sector. I would expect more happy thoughts and fairy dust from Hillary.
Another thing is that it was Bill Clinton who repealed the Glass-Steagall act. That was put in place after the great depression to keep banks from gambling with people's money. Which no doubt had a role to play in the financial meltdown and huge bank bailouts of 2008. Only a fool would expect any different blunders from Hillary. Hell, she was already responsible for an American ambassador in Lybia being murdered. And that was just as secretary of state. Who knows what she might do as president. No matter how you slice it, Trump is the better choice.
Hillary Will Bankrupt America.
You exaggerate.
How expensive can it be to imprison her for a few years until her ill health finally catches up with her?
Another thing is that it was Bill Clinton who repealed the Glass-Steagall act. That was put in place after the great depression to keep banks from gambling with people's money.
Glass-Steagall wouldn't have stopped a single crappy mortgage from being written.
Well it should have. After all, that was gambling with people's money. And if not that, maybe it would have stopped a credit default swap or something. The law after all was written to do something.
Well it should have. After all, that was gambling with people's money
Writing mortgages is gambling?
The way they did it, definitely.
And Glass-Steagall wouldn't have prevented that, or the crisis.
Well you seem to be the expert. Just what was it that the Glass-Steagall act was supposed to prevent.