All the bailout did was to kick the can further down the road.
posted on 08/27/2014 9:37:02 AM PDT
The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the U.S. government cant pay its own bills. ... I therefore intend to oppose the effort to increase Americas debt limit. -- 3/16/2006 Obama floor speech in the Senate
posted on 08/27/2014 9:49:29 AM PDT
(Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
The bailout has mostly been paid back by the banks.
The real problem was that Obama used the bailout as an excuse for Porkulus and other welfare programs. The biggest was the ACA but he also expanded green stamps, traditional welfare, etc. This is what has doubled the debt.
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