Bernanke again warns about the dangers of using the debt ceiling as a bargaining chip in...

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montanamark Comments (1359)
 
right, what are limits for any way. let obama and dems run wild.
let them guarantee 1 billion in egypt euro bonds.
what a joke. no limits huh ben????
14 Jun 2011, 02:54 PM Reply Like

montanamark Comments (1359)
 
the federal reserve is a rogue institution run for big, corrupt banks and political interests. it has zero interest in the average american citizen or taxpayer
14 Jun 2011, 02:56 PM Reply Like

Bear Bait Comments (591)
 
Here's what I think of not increasing the debt limit. If it isn't increased, I'm going to sell everything before the default. I might even have a few shorts picked out and waiting.
14 Jun 2011, 02:59 PM Reply Like

Tricky Comments (1265)
 
I agree with this particular statement of Ben's. The right tool to deal with deficits is budget negotiations -- they are what cause the debt. I am fully sympathetic to the need to cut deficits. F'ing with defaulting is a really bad idea.
14 Jun 2011, 03:03 PM Reply Like

montanamark Comments (1359)
 
so you think the solution is to have the miscreants who created the problem (corrupt, inept, and egotistical pols) sit down and magically talk things out?????
14 Jun 2011, 03:07 PM Reply Like

warrenrial Comments (533)
 
The patients are running the asylum.
14 Jun 2011, 03:11 PM Reply Like

tigersam Comments (1711)
 
Bernanke is correct here. Do no play with fire. If this is not raised we will all loose.
14 Jun 2011, 03:28 PM Reply Like

Hobski Comments (31)
 
He is just advocating kicking the can down the road. Unfortunately, the further the can travels (or the debt grows) the size of the cliff we're headed over grows higher and higher.
14 Jun 2011, 03:42 PM Reply Like

cash Comments (421)
 
The reason all the talking heads are paying attention to cutting spending is precisely because the debt ceiling has been reached. Otherwise they wouldn't give a damn, and spend/tax hand over fist. They would rather mortgage the future of our children & grand children so they can continue to gorge themselves with easy money. No wonder they want status quo to continue. Let us trim the federal & state payrolls, get rid of duplicate departments, eliminate monumental wastage/corruption in defense contracts... to name a few. Unless the easy money/debt spigot is turned off our politicians will not really get down to work. Let them fight tooth & nail for each dollar they can get to spend on things. That will naturally bring to light all the wastage.
14 Jun 2011, 03:52 PM Reply Like

Tricky Comments (1265)
 
The debt ceiling has been raised many, many times over the years. In fact, it was raised during the Bush era multiple times (with large numbers of Republic senators voting in favor).
14 Jun 2011, 04:03 PM Reply Like

tigersam Comments (1711)
 
If you want to play politics and do something about spending. Work on next years budget. Do not play with fire.
14 Jun 2011, 04:29 PM Reply Like

Tricky Comments (1265)
 
Yep. The time to show that one "had a pair" was the last budget negotiations. Alas, not enough pairs.
14 Jun 2011, 04:31 PM Reply Like