The Deficit Did Not Cause The Recession, The Recession Caused The Deficit
Interesting premise....totally bogus, totally unrelated, totally propaganda fiction....
The deficit was simply caused by overspending
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Recessions have been caused by lots of things...
this recession was caused by incompetence in the running of and negligence of oversight of Freddy Mac and Jenny Mae (Frank and Dodd)
but then....a recession can cause unemployment
in turn.... high unemployment causes fed. revenue to fall
and falling revenue can lead to deficit spending...which is easliy fixed by cutting spending.
what a rat race....