Most of what's wrong with our economy comes down to borrowing money rather than paying as you go. The extremely low interest rates that caused the housing boom & bust were directly related to the Bush Administration's need to keep interest rates down to help finance their massive borrowing. The oil shocks were coming anyway, Peak Oil has always been a reality, but the rest of this could have been avoided by sane fiscal policy.
Speaking of sanity -- interesting couple of weeks coming. We've got family court next week -- they're apparently inclined to send my 12 year old son to reunification therapy with the baby killer -- and my daughter is talking about going to go see the District Attorney about things Alan said after Anthony died. I've thought Alan murdered that baby ever since I read the entire dependency doc, but apparently he said things she's sat on ever since. I don't think she wants to see Alan go to jail for the rest of his life -- I admit, I do -- but, like me, I think she's about reached the limit of what she's willing to tolerate.