by Rory Cripps
| May 14, 2011 at 03:28 am
1023 views | 4 Recommendations | 4 comments
The budget deficit is approximately $1.6 trillion. The debt (amount of money owed by the government) is almost 10 times that amount. The budget deficit rose dramatically during the height of the financial meltdown which occurred only a few years ago under Bush's presidency. The meltdown occurred in no small part because of the "free market" policies and actions of those in the banking and finance industries compounded by the government's failure to enact proper policy and the proper oversight. Those politicians and people that are calling for a return to the "free market", subsidies to corporations, tax breaks, relaxing of business regulations, etc. possess the very same mindset that got America into the economic and financial mess to begin with.