I mean, how did Obama win? He promised, then gave, the biggest welfare state ever. We recipients like it now, but when it collapses, things will be worse than a toxic waste plant meltdown. Just a little nudge more, and Chicago will look like Detroit.
Because clearly that's the root cause of all your economic problems. When the collapse comes, it definitely has nothing to do with inequality, military spending, foreign policy, financial deregulation, market manipulations and corrupt banks. It was just welfare that ruined everything.
When did the world get so gormless?
Financial regulation is regulation made for the banks and good for big banks but bad for the clients and for competition.
The welfare state is giving more and more but the state has to go into debt to give. It is crazy and unsustainable.