Is Bernanke Nudging Obama on Deficits? (healthcare, leader, education, money)

[bigskydude]

The most interesting part of Fed chairman Ben Bernanke's testimony this morning before the House Budget Committee was his unambiguous emphasis on the need to reduce future federal budget deficits. Although there was no explicit criticism of the Obama Administration in his prepared testimony, he suggested that deficit reduction needed to go well beyond announced plans.

Wealth of Nations : Is Bernanke Nudging Obama on Deficits?

Could be time to start paying the fiddler with regard to this whole stimulous deal.

I wonder, if the Fed begins to try for a balanced budget, where exactly would the money come from for things like Healthcare Reform, Education, and the international subsidy of foreign nations.

[delusianne]

? Obama said this himself on May 14.

http://www.bloomberg.com/apps/news?p...Lhg&refer=home

[Johnny B. Fury]

Originally Posted by delusianne

? Obama said this himself on May 14.

Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ (Update2) - Bloomberg.com

Of course Obama wouldn't make those statements until AFTER he spends more money then all U.S. President's combined. What a farce this guy has become.

[Chango]

Only a few months ago having the gov and fed throw insanely high amounts money around like a lunatic was the "right" thing to do. And they are only now just realizing the defecit "might" be a problem? True idiots run this country.

[cleanhouse]

Well you should have thought about this before you signed the most pork ridden spending bill in the History of this Country:

"We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

That is the forsight I like to see from our Leaders.

So much has changed since W I cant believe my eyes and ears