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Bernanke: deep spending cuts could derail recovery ('self-inflicted wound' looms)
Yahoo ^
| 7/14/11
| Mark Felsenthal and Pedro Nicolaci da Costa - Reuters)
Posted on 07/14/2011 10:03:10 AM PDT by NormsRevenge
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Let them eat .. crabcakes!
To: NormsRevenge
it will definitely drive unemployment up at first... public service employment especially, which is the point.
2
posted on
07/14/2011 10:05:14 AM PDT
by
rhombus
To which the crowd says..
What Recovery? ;-]
3
posted on
07/14/2011 10:05:46 AM PDT
by
NormsRevenge
(Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
To: NormsRevenge
And who’s pocket is Ben Boy in?.......
To: NormsRevenge
” derail recovery “
It’s okay, then...
No recovery, no problem....
5
posted on
07/14/2011 10:07:50 AM PDT
by
Uncle Ike
(Rope is cheap, and there are lots of trees...)
To: NormsRevenge
Translation. Stopping borrowing will ruin all my plans to keep the Ponzi going.
6
posted on
07/14/2011 10:08:31 AM PDT
by
screaminsunshine
(Socialism...Easier said than done.)
To: NormsRevenge
Don’t worry Ben!....that train has definitely not left the station.
To: NormsRevenge
Overzealous cuts to government spending??? Is he for real??? So, tightening belts will get us further in debt? No wonder we’re in such a mess. Slash government spending to the quick. Don’t pay congress. Don’t pay the Whiny Butt in Chief and don’t let him or Mooch-elle go on any more vacations. No more golf games or ice cream until the budget is in the black.
8
posted on
07/14/2011 10:09:21 AM PDT
by
bgill
To: NormsRevenge
On the other hand (and all good economists have at least two hands), cuts in government without tax increases could show business owners that the Congress is finally serious about taking on the debt and get business producing and hiring again.
Most Keynesian theories on government stimulus require that consumers and businesses only become enthused with the piles of government money being passed around but never look at (or even worse panic over) the huge debt being piled on the nation. I think we've hit the point where every dollar of government "stimulus" is actually depressive because one person gets that dollar and three hundred million look at the debt.
9
posted on
07/14/2011 10:09:28 AM PDT
by
KarlInOhio
(The Dems demanding shared sacrifice are like Aztec priests doing it while cutting out my heart.)
To: NormsRevenge
There is no recovery
10
posted on
07/14/2011 10:10:33 AM PDT
by
lonevoice
(Life is short. Make fun of it.)
To: NormsRevenge
Recovery? What did I miss?
11
posted on
07/14/2011 10:10:33 AM PDT
by
DirtyDawg
(eat fruit)
To: Uncle Ike
derail recovery
make that High-Speed derail job
Obama is bent on the obliteration of this nation as it was established.
Ben is a puppet too.. ya have to look close but the strings are there.
12
posted on
07/14/2011 10:12:47 AM PDT
by
NormsRevenge
(Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
To: NormsRevenge; All
Ben Bernanke, Bambi’s Buttboy, blows at bamboozling.
Think about it. This jackass says, essentially, shrinking the federal government is a danger to our economy.
The GROWTH of the federal government is the danger...but he sat there and said what he said with a straight face.
To: NormsRevenge
“We’ve maxed out our Visa and those dirty Republicans are balking at letting us max out our Mastercard!”
14
posted on
07/14/2011 10:13:22 AM PDT
by
PogySailor
(The ruling class will not go down easily. And neither will their paid hacks.)
To: NormsRevenge
At some point, the vast majority of Americans will simply stop believing these lying oligarchs.
If there is pain when socialism is derailed, it will be purposely inflicted by those among the financial elite who wish to punish us for diminishing their power.
15
posted on
07/14/2011 10:16:35 AM PDT
by
Antoninus
(What part of "I won't vote for Romney under any circumstances" don't you understand?)
To: NormsRevenge
Bernanke is now a full collaborator in the destruction of the United States. The sole purpose behind QE is to fully fund government excess. Raising the debt ceiling will simply give Bernanke permission to initiate a further expansion of the money supply directly into government coffers. All of these traitors should be drawn and quartered.
16
posted on
07/14/2011 10:17:20 AM PDT
by
Hoodat
(Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
To: NormsRevenge
sheesh...where's the “shared sacrifice” from the government? (snark)
To: All
If they prioritize and make sure they are getting value for the dollars spent, the negative impact to the cuts will be minimized in the short term and will benefit the economy in the long term. We have been paying too much for everything and have not received a reasonable return on our dollars.
18
posted on
07/14/2011 10:17:56 AM PDT
by
LuvFreeRepublic
(Support our military or leave. I will help you pack BO!)
To: lonevoice
Ben “Spoon boy” Bernanke!
19
posted on
07/14/2011 10:18:14 AM PDT
by
frogjerk
(Liberalism: The ideology of envy.)
To: NormsRevenge
By “recovery,” Bernanke means the stimulus his elitist fascist are getting from the Fed.
20
posted on
07/14/2011 10:18:41 AM PDT
by
pallis
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