4 votes

CNN Headline "Debt Crisis Averted" ... Was it? Who caused it?

The media's description and narrative of what has been happening the last three weeks is just laughable. They say the "debt crisis" is "resolved" because the debt ceiling has been raised. They blame Tea Party Republicans for "creating" the debt crisis. When in fact, as we all know, they are attempting to "solve" the debt crisis which has been created by the establishment, go along to get along, politicians who can't see past the next election.

One positive that may come out of this is that people who have been watching the news have heard repeatedly that there is a debt crisis. We should encourage them to look into the crisis and ask questions about it. Why did it occur? Is it likely to occur again? Why or why not? How can a future debt crisis be avoided? Is it by addressing the debt by cutting spending, or by not allowing politicans to voice their opinions on it in any effective way?

In my opinion, The most important question to be asked is below.

What is the main reason the debt crisis occured?
A) Politicians have been spending too much money for too many years.
B) Tea Party politicans made an attempt to stop the over spending, for once, which caused the debt crisis all of the sudden.
C) Something else?

What do you think caused the debt crisis?

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IMO

the difference can be found concerning a Treasury and a Bank:

the former is a depository of volitional endowments; the latter a vehicle of speculation which currently is supported by either coercive taxation and mandates or fabricated counterfeit.

In that sense, even the Founding Fathers who supported taxation did not free later generations from such oppression

Ceiling? Sealing? Ain't Got No Sense. Fix Yer Roof!

More liquidity ain't fixing yer dang leak. Get to to fixing yer roof!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

What or Who?

Alexander Hamilton and his First Bank of the United States, got he ball rolling. It died under Jefferson and and again under Jackson but was revived by Lincoln.

Wilson added petroleum power.

Free includes debt-free!

I choose C:

We allowed our government to print it's own fiat currency.

It's hard for a crackhead to detox when they make their own crack.

If ignorance is bliss, Washington DC must be heaven.

Good point

I didn't mean to leave out the FED. Obviously it's a, if not the, major factor.

"Where liberty is, there is my country." -Benjamin Franklin