10 who led us to the fiscal cliff

They fed our greed and guilt and told us we could have all the spending and tax cuts, too. While practically all of us had a role in this mess, these 10 stand out.

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VIDEO ON MSN MONEY

403Comments
Dec 24, 2012 1:56AM
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I guess 52 consecutive months of economic growth following the Bush tax cuts doesn't count for a "revived economy". Who wrote this article, MoveOn.Org?
Dec 24, 2012 1:52AM
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So how come the wizards of smart who wrote this article never quite explained why revenues INCREASED every time tax rates have been reduced going back to the Kennedy Administration? What contributed to our $16 Trillion debt wasn't tax rates, but uncontrolled spending. 
Dec 10, 2012 7:45AM
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John Boehner is perhaps the most dishonest man in Washington DC today. He needs to be removed immediately and banned from ever sitting foot that town again. He is utterly corrupt!

Dec 10, 2012 7:42AM
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Barky Obama presides over the most corrupt and dishonest gov't to ever exist in the history of the United States. Obama is, without question, one of the very worst Presidents we have ever had to deal with. How a 6'1", 176 pound parasite like Barack Obama managed to weasel his way into high office is the real problem that needs to be addressed.

Dec 10, 2012 7:34AM
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Rex Nutting is right. These 10 people are among the biggest rats in the big financial con game going in Washington today, but his analyses about these very corrupt men are the result of Rex's complete brainwashing by the mainstream, gov't controlled, TV-media. That is so very obvious! HaHaHa. I cannot believe anyone takes Rex Nutting seriously! Anyone who actually reads (with comprehension) history of economics, history of world currencies and history of politics knows Rex Nutting is simply parroting back something he heard on his bigscreen DopeTube (TV). Rex has the causes, effects and motives completely jumbled up. 

Dec 10, 2012 7:17AM
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The "housing bubble" would have been impossible had NOT Bill Clinton coerced the banks into lending mortgage funds to people who did not have the income or the creditworthiness to get a mortgage. Besides, and get this straight, NONE of this financial tomfoolery ever happens without approval from the stinking politicians in Washington DC first. C'mon! Turn off that silly  bigscreen DopeTube (TV) you sit in front of 18 hours a day -- and go do some serious  research into these matters at a public library...  TV presentation of these issues are carefully staged to maximize profits and not offend the Washington politicians and their thugs at the FCC.


Dec 10, 2012 7:05AM
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Another war criminal who should be arrested and put on trial for his very life!!!

Dec 10, 2012 7:04AM
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This little creep is a bloodthirsty war profiteer. Not much more needs to be said, unless you want to take about prosecuting him for crimes against humanity.


Dec 10, 2012 7:01AM
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HaHaHa. Alan Greenspan printed up mountains of paper/digital dollars so his warmongering, spend crazy pals in Congress could squander the nation's wealth. And that's exactly what they did. Alan Greenspan knew better! He is one of the biggest liars and con men to ever tarnish the halls of federal gov't. Alan Greenspan and his pal Benny "the Bagman" should be arrested and put on trial for fraud, corruption and embezzlement.

Dec 10, 2012 6:53AM
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Gov't spending by corrupt politicians and the bull markets on Wall Street are absolutely NOT the same thing, and should not be compared as if they were. This is the fallacy of false analogy. What a crock!!

Dec 10, 2012 6:49AM
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I have never heard such ridiculous remarks! Bill Clinton created "surpluses" NOT because there were higher taxes combined with moderate spending (HaHaHa, HaHaHa).  Slick Willy was an outrageous spendthrift. And so were his very corrupt pals in Congress. Silly Willy also lined his pockets too, with the tax plunder. Clinton being the dishonest, lying **** he really is, took trust funds out of Social Security and put them into the politician's general spending account, thus creating the ILLUSION of a budget surplus in the general spending account.  It is an accounting gimmick, old as the hills. Every competent accountant in the U.S. knows that! Further, If you or I did something like that at a private institution you or I would be in JAIL for embezzelment and fraud. Rex Nutting needs to find himself another field of study, because he is lost or has, like millions of Americans, been brainwashed (by the mainstream nightly TV news, etc.) on this subject.

Dec 10, 2012 6:32AM
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What is a deficit: The different between what you take in (your income) and what you spend. So, spending more money than you take in, uh, "would be a fringe issue" if only Pete Peterson hadn't of said anything about it?  What a really stupid remark!!  I don't care for Pete Peterson, as he is a part of the problem but not because he brought the deficit issue into the spot light. It's because hedge funds would never be possible if Benny "the Bagman" Bernanke at the FED were not devaluing the US dollar and Pete and his class on thieves were around taking cruel advantage of the situation to make himself fabulously rich. Fabulously rich at the expensive of everyone not part of the hedge fund game. Pete Peterson is a scoudrel of the first order, but be thankful he brought the DEFICIT issue (as definded above) into the media spotlight, ie, the ridiculous overspending by our corrupt and irresponsible politicians.


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Rex, NO doubt most of these people caused this mess.  Some points: 

1)  How can you leave out the Tea Baggers?  The fiscal issue would have been solved IF it hadn't been for this group.  

2) You should have weighed the blame and ranked the culprits.  The scoundrel Norquist would be tied with Greenspan and Bush.  All three have done the country huge harm.

3) Clinton ??  Not sure why a man who left the country with a surplus could ever be on the list.

But my congratulations to Rex for having the guts to call it like it is.
Dec 9, 2012 11:39PM
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This **** is part of the
problem. Taxes are already too high. We have a spending problem but liberals are too stupid to get it.
Dec 9, 2012 11:33PM
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Where's the recession? or high unemployment I see more new cars and trucks on the road than ever before. Just think what we be driving if there was no recession.
Dec 9, 2012 10:22PM
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Who else is tired of this media sensationalism of the conflict between Obama and Boehner about whether to fix the Fiscal cliff? It is so ridiculous already, like children needing attention. Republicans have no grounds to obstruct a budget that includes a top 3% tax hike. The top 3% pay less taxes than at anytime in the history of our country. Who voted for this Boehner?
I think it's deplorable. I think republicans have shown bad politics, bad judgement and bad battles to pick. Petty without principle. jmo.
Fix it. Americans dont need more drama, we have that with Reality TV.
My advice, dont take it personally, but its not good for morale that these guys in the Whitehouse cant pass a simple budget, like theyre gonna put the rich out of business.

Dec 9, 2012 8:35PM
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Your choice of culprits was pathetic... you should have started with FDR and ended with Barney Frank and Obama.  The issue has always been spending.  We pay out 100% of tax revenues for entitlements and borrow for everything else.  We are Greece. 
Dec 9, 2012 7:36PM
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What they need to do is put people in charge who know how to manage money--you know, the ones who pay off their mortgage early, carry no more credit than can be paid in full when when the statement arrives, drive cars until they finally die- it's a lot more fun that way.
Dec 9, 2012 6:08PM
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25 Years from now, they will still be blaming W Bush for every worldwide problem imaginable from earthquakes, tornadoes, flooding, all previous recessions, to whatever the Deficit / Debt is at that time.  A complicit press will accommodate the absurd claims. 

Maybe the first 18 - 24 months could be offloaded on the previous administration. However, after four years in office, the president can only look in the mirror and blame himself for the policies he has implemented and the condition of the Economy.    Politicians take responsibility for what little good they accomplish and pass the blame for adverse conditions elsewhere.    What ever happened to "The Buck Stops Here"?

Since it is a Financial Article, thankfully few will actually read it as the author has not only displayed an ignorance of economics but a total lack of unbiased reporting.  What a surprise. . .
Dec 9, 2012 4:35PM
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Since our dollar is only worth  9 cents compared to the base 1967 value our National minimum wage should be 11 times what it was then, i.e. $14.00!  Since it is not, we who work are being underpaid by at least $6-14 per hour. Did you ever wonder why Companies, we are told, are flush with cash and executives are paid millions! Well that is the reason!

 

The haves want the rest of us to be have nots. In other words, most of us are slaves!

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