MercoPress. South Atlantic News Agency
Bernanke warns US government debt relative to GDP is “clearly unsustainable”
The growth of US government debt relative to GDP is “clearly unsustainable”, Federal Reserve Chairman Ben Bernanke said in a congressional testimony. Read full article
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Disclaimer & comment rulesHow come you are not here yankeeboy, posting on that powerhouse of an economy that the US of A is?
Feb 04th, 2012 - 06:07 am - Link - Report abuse 0Bernanke warns US government debt relative to GDP is “clearly unsustainable”
Feb 04th, 2012 - 11:38 am - Link - Report abuse 0And who has caused the majority of the debt by printing money: HE AND HIS FED HAVE.
AND, he is considering more. What a moron. This is the pratt who said at the beginning he would 'throw dollar notes out of helicopters' to stimulate buying!
He also convinced the government to give cash bonuses to stimulate the economy. Nearly everybody who got them put it in the bank or paid off a large section of their mortgages with it. Result: no buyers in the market, no stimulus.
He and his Wall St mates just don't get why people under water with their mortgages don't want to spend money! It would be funny if it were not so pathetic.
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