Thursday, December 3, 2009

FED approval

http://www.huffingtonpost.com/2009/12/03/bernanke-channels-willie_n_378963.html

Did Ben just actually say that?

Bernanke reminded Congress that it has the power to repeal Social Security and Medicare.

"It's only mandatory until Congress says it's not mandatory. And we have no option but to address those costs at some point or else we will have an unsustainable situation," said Bernanke.