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Napanee, Ontario |
Well others above have already provided some great points and reasons addressing this question... but I really think that in the simplest of answers, it comes down to Linsal's answer:
"Because they can."
We allow this to continue. We are supposed to be the check and balance. We keep voting for people that run a fiscal train wreck. We still put our money in accounts at BoA, Citi... who still owns gov't bonds? Who continues to give their money to banks and speculators to manage (401k's)?
The real answer of why it's at where it's at, is staring us all in the mirror.
"People Get the governments they deserve." I don't know if there are many better quotes to more aptly describe the situation the world over faces today.
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Next economic question. WHY is debt so prevalent throughout the world today?
