re: USA national debt as a percent of GDP

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Thanks a bunch, boomers.

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You’re right to point to the boomers on this, but if we’re honest, it’s not as if any other generation is blameless except perhaps the greatest generation. Nobody else has done anything to cause government to live within it’s means, and when you support and vote for candidates who consistently promise shite like free this and free that, like education and paying off student loans, and free healthcare, therein lies the real culprits. That’s who make this so, those who vote for unscrupulous politicians who will tell you anything to get elected, knowing full well their base is devoid of values to begin with.

They absolutely incentivized banks to make risky loans and threatened them with regulators if they didn't comply. It 100% happened. Janet Reno was a major player in this too.

Now Bush didn't attempt to stop these policies but he didn't start them either.

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The idea that banks were somehow forced to lend to people is just nonsense

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You've never worked at a lender then.

If we only recover to about 90% of the annualized GDP from Q4, we are in for a rough decade. The middle class gets bent over once again and the two tails get to do the fricking.

when will all this catch up with us though? It seems like it has been getting worse and worse but the economy is still going up somehow with record unemployment. I’m by no means a economic expert but can’t understand why the market is going up but no one has jobs and money to buy shite with. It just seems like it’s against all logic to just print money and hand it out to everyone and not expect negative consequences at some point.