LoBiondo gives himself an F for his career

by: Hopeful

Sat Apr 09, 2011 at 03:54:17 PM EDT

"I think what's different is people understand now that we're borrowing 40 cents for every dollar we spend, and that if that continues our economy will collapse upon itself. That wasn't the reality in 1995. We had certainly had problems then, but the fiscal situation was not at the crisis that it is now," he said.

The primary difference between then and now is Frank LoBiondo's "Bush" tax cuts for the rich which ended up producing mass unemployment instead of the economic growth promised, plus the financial deregulation of Wall Street and the banks that he has consistently pushed. His choices starting in 1995 are why we are in the hole.