Bernanke Deficit Warning

Discussion in 'Current Events' started by Meister, Oct 20, 2009.

  1. Meister
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    Meister Platinum Member Supporting Member

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    Bernanke made a statement about our growing deficit, I just wonder if our politicians will listen. If they don't, I know they won't listen to anyone, and it might be time to clean the House that Pelosi promised to clean.

    The United States must get its trillion-dollar deficit under control or face the consequences, Federal Reserve chairman Ben Bernanke warned Monday.
    In remarks to a Federal Reserve conference in California, Bernanke called for the U.S. to whittle down its record budget deficits or risk seeing its economy collapse from unsustainable government spending.
    On Friday, Washington reported a $1.42 trillion US deficit for the 2009 budget year that ended Sept. 30. The figure is more than triple the previous year's $459 billion deficit.

    CBC News - Money - Tackle U.S. deficit: Bernanke
     
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  2. Oddball
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    Oddball BANNED Supporting Member

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    Looks like it's CYA time at the Fed. :eek:
     
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  3. Meister
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    Meister Platinum Member Supporting Member

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    Yup, Bernanke is on record, and NOW can't be held accountable. :lol:
     
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  4. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    It'd be great if Congress listened.

    I doubt it...
     
  5. concept
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    concept Evil Mongering

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    Where's that bus when you need it?
     
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  6. Chris
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    Chris Gold Member

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    None of our politicians has the balls to cut spending or raise taxes.
     
  7. Zander
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    Zander Platinum Member

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    Obama will. he'll increase deficit spending until we have to increase taxes or go bankrupt. It's his version of the Kobayashi Maru.....:clap2:
     
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  8. Chris
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    Chris Gold Member

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    Actually Obama is the only one who can solve this mess.

    Only Nixon could have gone to China.
     
  9. Zander
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    Zander Platinum Member

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    Yeah, sure. Obama is "the one". Keep drinking that Kool Aid. :lol:
     
  10. Chris
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    Chris Gold Member

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    He is the president of the United States.

    Only the president and the Congress can cut spending and raise taxes.
     

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