Comments on: Bernanke warns of a "huge financial calamity"
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- Will someone please expalin to me what the he** is going on. Exactly what do the Republicans want that the Democrats don't want and vissa versa?
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- We all have got to work together, that's all I can say. The way Gov't is turning everyone against each other is worse than the actual situation.
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- Social Security has money coming in each and every month to pay those receiving it. There is no need not to send out the Social Security checks. Today, Social Security is fully funded This is a scare tactic by the Obama Regime.
Bernanke is reading the same script that Obama uses: SCARE TACTICS! - Reply to this comment
- There will not be another Republican that wins elected office if they mess with Social Security. You don't take the money from individuals for four plus decades, which money should be gaining interest those four plus decades, and after they're collecting a certain amount and striving to live within their means, cut their payment?!! We won't forget at the next election, Republicsns, who now answer not to their constituents, but to the Tea Party. Shame.
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- especially when the interest rate goes up....way up
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Interest rates can't go up and won't. They've been close to zero for about a decade and the Fed will more than likely keep them close to zero for another decade. The US can not afford to pay a higher interest rate on our $14 Trillion dollar debt. The only way out of this mess is higher inflation (printing more money). - Reply to this comment
- i think they should stop subsidies and lower the congress and presidents pay before they do anything to social security and medicare...the would be solvent if the government paid back all the money they have borrowed over the years...at the time they started social security life expectancy was 57 so the fund had plenty of money so the government started borrowing from it but they have never paid any of it back...they now want to cut off what seniors and disabled get it isnt right
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- It doesn't matter if we default on our debt or not. The rest of the world knows we are broke and they are not buying up our debt anymore, hence the reason for the Fed's "Quantitative Easing". QE was never about "economic growth"....it's about funding the deficits of the U.S. government. Period. And the way the Fed does that is through inflation (printing more money). End of story. QE is the only option the FED has which means more hyperinflation is on the way and is the reason why the price of gold almost hit $1,600 an ounce today.
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- I have not heard one Republican nor Democrat, other than Ron Paul talk about the cost of bombing 6 different nations. Lybia alone is costing billions of dollars a week. Are they serious in D.C.? Then cut out the Bombing and stop the wars. We just can not afford them. Until the public starts yelling about this they will continue the old scare the elderly game, cut S.S.I.
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- I vote no to raising the debt limit, period. Now is the time to contact your senator and representative and tell them to vote no to raising the debt ceiling or prepare to lose our vote next year. It's time to stop the spending.
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- Let's just cut the benefits of retired Congress members and Senate members. That would definitely help the debt issue.
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