A Quote by Ron Fournier
Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.
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Our middle class majority, deeply in personal debt, elects political leaders who increase our benefits. Then we vote them out because we dislike the soaring national debt.
Our debt is out of control. What was a fiscal challenge is now a fiscal crisis. We cannot deny it; instead we must, as Americans, confront it responsibly. And that is exactly what Republicans pledge to do.
The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.
I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people.
The eyes of the world are fixed on the U.S. to see if we have the political courage and moral sense to solve our debt crisis.
If 'Brexit' really is a political crisis, it should be treated as a political crisis - and not, despite all the market upheaval, a financial or economic one.
Money is the root cause of why our political system is broken and why Americans are so frustrated.
Why certain political classes want purposefully to keep Americans in a state of perpetual debt and uncertainty and why certain people don't want a middle class - because middle class creates a certain happiness. You know what I mean?
Veterans are driven by the same frustrations that the public has with what is happening in Washington... the fiscal irresponsibility and the financial crisis that our country is facing.
The nation's chronic weakness is its political system, which is nearing dysfunction. If the U.S. can elect better political leadership, it should be able to manage problems better than most competitors.
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
The failure of the White House and Congress to seriously address the nation's fiscal situation is certain to broaden the belief among many voters that the U.S. political system is broken.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
The problem is we have a Wall Street-to-Washington access of power that has controlled the political climate. The donor class feeds the political class who does the dance that the donor class wants. And the result is federal government keeps getting bigger.
The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.
In the lexicon of the political class, the word 'sacrifice' means that the citizens are supposed to mail even more of their income to Washington so that the political class will not have to sacrifice the pleasure of spending it.
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