US Debt

AYFKM? Now Bernanke Wants To Put The Brakes On?

Ben Bernanke is so deserving of this next AYFKM? Award for his warning today about the US debt, and how The Fed won't "monetize" the debt, all the while not taking responsibility for his part in the financial fiasco. Bernanke delivers warning on U.S. debt Stage is set in U.S. for a Greek tragedy With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning…
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Glenn Beck, 1.6.2010; 2 Sets Of Books Or… I like to call it, the Red Crayon Math being used by the government to hide the unsustainable debt they have buried us in. Glenn hammers Nancy and Chris Dodd, but the most interesting segment is the piece he does with David Buckner on America's inability to be competitive in world markets, the true debt we are shouldering, and the interest we are paying on that debt. What will blow your mind even more is the % of our tax revenues that will be going to pay the interest if when the interest rate increases. Get out your duct…
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