Comments on: Stimulus Insanity http://www.jaredbarden.com/2009/02/stimulus-insanity/ Mon, 30 Jan 2012 03:07:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jared Barden http://www.jaredbarden.com/2009/02/stimulus-insanity/#comment-394 Jared Barden Wed, 11 Feb 2009 02:36:11 +0000 http://www.jaredbarden.com/2009/02/09/stimulus-insanity/#comment-394 Yes, we did spend a lot of money on the war (just under $600 Billion so far), but that's no where near $9.3 Trillion, which is what all this bailing out is going to come to (or so they say). Also, the defense spending is different than people taking out mortgages they couldn't afford from banks who shouldn't have been lending to those people in the first place. We have President Clinton to thank for enacting laws that made it way too easy to lend to at risk consumers. Will be interesting to see how we dig out of this mess. Yes, we did spend a lot of money on the war (just under $600 Billion so far), but that’s no where near $9.3 Trillion, which is what all this bailing out is going to come to (or so they say). Also, the defense spending is different than people taking out mortgages they couldn’t afford from banks who shouldn’t have been lending to those people in the first place. We have President Clinton to thank for enacting laws that made it way too easy to lend to at risk consumers.

Will be interesting to see how we dig out of this mess.

]]> By: danielle http://www.jaredbarden.com/2009/02/stimulus-insanity/#comment-393 danielle Tue, 10 Feb 2009 21:04:33 +0000 http://www.jaredbarden.com/2009/02/09/stimulus-insanity/#comment-393 i hate to say it mr. barden... but alot of the money that has been spent in the recent past that has contributed HIGHLY to the debt we are reeling from (ie. not just the "bailouts") was from the bush admin, and spending it on a war that we didn't need to be a part of, and other assorted things that we "needed" to do. but yes, i agree, we are in some horrible economic trouble.... i hate to say it mr. barden… but alot of the money that has been spent in the recent past that has contributed HIGHLY to the debt we are reeling from (ie. not just the “bailouts”) was from the bush admin, and spending it on a war that we didn’t need to be a part of, and other assorted things that we “needed” to do. but yes, i agree, we are in some horrible economic trouble….

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