[quote=CA renter]
Who says a “Great Depression” has been avoided? Look at what’s happened to our national debt, much of it attributed to the bailouts of the financial industry.
[/quote]
In fairness, that claim is not really true. The TARP bailout was about $700 billion. Much of the rest of economic rescue monies over the last few years can’t accurately be called financial industry bailouts. It total, it’s probably around $1 trillion. Out of $13 trillion in federal debt. Something less than 8%. Not to minimize it, but even if none of the bailouts ever happened, we’d still have a huge debt problem.
