"You can't look at what happened in the run-up to 2008 and see how it's not going to repeat itself, given what we've done," says Neil Barofksy, who became TARP's Special Inspector General in December, 2008.
Instead of taking into account the increased needs of their citizens, legislators face a political problem created by large deficits. In this context, cutting services becomes easier than raising taxes.
I began re-reading Chellie Campbell's terrific book, The Wealthy Spirit. Chellie is a big believer in affirmations and they're an important part of the work she does in helping people reduce financial stress.
The cyclical bull market in stocks and positive print on GDP has caused some on Wall Street and in D.C. to claim the recession has ended. A closer look indicates that neither believes its own rhetoric.