- Banned
- #2,121
I believe it was Kevin Phillips who wrote "The Emerging Republican majority" who also wrote in "Arrogant Capital" that history has shown the financialization of countries is their downfall. Said bankers get rich dealing in government debt and push politicians NOT to pay down debt. This I think is true reason Republican politicians dont want to raise taxes on the rich...because they are water- carriers for those who get rich off of dealing with government debt.
The bankers who downgraded the US debt and their primary justification was deficits and debt as a percent of GDP? The only reason liberalism exists is that you don't test your rhetoric against empirical data. If you did, liberalism would go the way of the dodo bird.
Is there a relevant point in here someplace?