"America's political leaders are paralyzed. The government is reeling from debt. Corrupt bankers foreclose on people's homes as a brutal recession sweeps the land." The year is 2011... Nope. 1786! Good, short essay: http://www.cnn.com/2011/POLITICS/07/22/debt.crisis.lessons.history/index.html?hpt=hp_t2
LOL! A big government cheerleading job, puffing up large central government and higher taxes from the communist news network, imagine that!
I believe the article did identify both views, and their prime advocates, without favoring one over the other.
Regardless of the time, the quote holds true, Boehner, McConnell, Wasserman schultz, harry reid, Nancy Pelosi and Obama are all complete and utter failures, and every one of them deserves to be living on the street, along with 99% of the rest of the house/congress. One of the few intelligent things Obama ever said was this: The fact that we are here today to debate raising Americaâs debt limit is a sign of leadership failure. It is a sign that the U.S. Government canât pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Governmentâs reckless fiscal policies. ⦠Increasing Americaâs debt weakens us domestically and internationally. Leadership means that âthe buck stops here.â Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. - Barack Obama 2006
" But it couldn't pay it off because the Colonists, distrusting "big government," had created the Articles of Confederation to run the country, which weakened the authority of a central government. The result was anarchy. The federal government wasn't allowed to raise taxes to pay off war debts." Yes, very balanced. No spin here.
the fact is republicans led by boehner have the ability to pass any spending cut they want to right now because all spending originates in congress. they cant to it so they want to paralize the system like spoiled children who dont get their way.