> Why are there high deficits, currently? Oh yeah, social safety net. Yes, because it's definitely not military and espionage expenditure or subsidies for corp

> Why are there high deficits, currently? Oh yeah, social safety net. Yes, because it's definitely not military and espionage expenditure or subsidies for corporations. > My point is, these subjects (even TBTF) aren't black and white. While I agree with you B&W point, I feel like too big to fail is a failure in management of the economy. To let companies become so big as to effect the entire economy so negatively if they fail is disastrous. The government is propping up/keeping afloat monopolies. In my opinion, The US is at 0% interest rates, is still in a recession, and can't possibly do anything else in regards to inflationary measures (printing money) without the negative affect on it's position as the world reserve currency. http://youtu.be/PHe0bXAIuk0?t=13m36s http://youtu.be/PHe0bXAIuk0?t=13m36s <- Notice how the US is on target for a depression according to many economists. http://www.youtube.com/watch?v=QMHmTyJXcy0&feature=c4-overview&list=UUIjuLiLHdFxYtFmWlbTGQRQ http://www.youtube.com/watch?v=QMHmTyJXcy0&feature=c4-overvi... <- Here's a great talk regarding quantum easing and how unless the government can start more drastic measures, the economy will tank. I'd like to heard your defense for the status quo, and also how you believe that social safety nets created in the 40's has anything to do with our crises of 2008.