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Bernanke Warns Deficits Threaten Financial Stability

Discussion in 'Political Discussion' started by NEPatriot, Jun 3, 2009.

  1. NEPatriot

    NEPatriot Banned

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    Bernanke Warns Deficits Threaten Financial Stability (Update2) - Bloomberg.com

    We'll see if Obama ignores his Fed Reserve chief's warning.
  2. Holy Diver

    Holy Diver Rookie

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    Bernanke, in comments to lawmakers, said the massive deficits are needed to fire up the economy but that with costs growing for retirement expenses, "we will not be able to continue borrowing indefinitely to meet these demands."


    as we've all discussed in the past....this is a "NO $H!T Sherlock??!!!" moment.


    according to projections, entitlements will make up 100% of our budget by the year 2050, we must find a way to solve the exploding costs of:

    1) Social Security
    2) Medicare
    3) perscription drug benefits

    Those are the 3 elephants in the room. This is why its DUMB AS *** to take a single payer option 'off the table'. We should be looking at EVERY way to save money that we can.
  3. tanked_as_usual

    tanked_as_usual Banned

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    would not have been a problem if LBJ didn't start the habit of raiding the SS trust.........if the feds just returned the 10+T they owe to the trust, everything will be fine
  4. Holy Diver

    Holy Diver Rookie

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    If I had a magical unicorn 20 years ago, my wishes would come true...

    Tanked, if you have nothing to add...SHUT THE FUKC UP!!!!!
    Last edited: Jun 3, 2009
  5. NEPatriot

    NEPatriot Banned

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    Don't forget Obama's UNIVERSL HEALTH CARE.
  6. Holy Diver

    Holy Diver Rookie

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    Getting all people into one system would be a money saver actually. The waste in admin costs alone would cover all uninsured americans. There is a solution out there, we just need to get behind it, and hope that things don't remain the way they currently are.

    If we stay the course, we will fail.
  7. NEPatriot

    NEPatriot Banned

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    Do you know what the solution is? HEALTH CARE TAX. It's comming this SUMMER.

    Thank you democrat idiots very much.
  8. Holy Diver

    Holy Diver Rookie

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    You know that was McCain's solution too, right?

    I think th equote from Obama was that thet Healthcare tax "wasn't off the table"


    doesn't man its gunna happen.


    remember when teh nuclear option was "On the table" about Iran?

    didn'rt mean it happened.



    lets wait and see, but I like your caution.
  9. NEPatriot

    NEPatriot Banned

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    Obama will come up with a 'different' term to tax you and I hope that you don't believe in his BS any more.

    The fact of the matter is we will be taxed and what we don't know is how we are taxed.

    Your democrats are better not be here when this sh!t happens BECAUSE I will CURSE YOU to death.
  10. Holy Diver

    Holy Diver Rookie

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    have you ever heard of the term....."discretionary spending"?


    do you recall the Iraq war, and its financing using that term?


    do you think this discretionary spending counted on the books?
  11. NEPatriot

    NEPatriot Banned

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    There is no HOPE for the future !!!!!!!!!!!
  12. Holy Diver

    Holy Diver Rookie

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    ha!...



    then you should party like its 1999!

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