Robert Reich explains the economy

[Riot]

Originally Posted by jms62

So tell me how the bailouts, the additional safety nets for unemploymnent, the growing welfare roles didn't increase our deficit?

It added to it, but it was a very minor addition. How was the deficit caused by or due to derivatives trading?

The massive deficit occurred before for years before the economic crash that caused the Great Recession:



And the deficit was caused primary by the Bush Tax Cuts and the Bush Wars in Iraq and Afghanistan:



Did you watch the Reitch videos? I think he does a good, clear job.