The head spin Ben is trying to play get handed back to him on silver platter by Karl Denninger.
Check out Karl's chart
Big Ben keeps using the credit card and making sure that the United States so buried under the debt, that "WE" can never crawl out.
Every country in the world is doing this in one form or another, because you have to break the old before you can implement the new,
Which is a one world government. Run by the elite.
The astounding hubris of this ******* to make statements of this sort....
The recent deep recession and the subsequent slow recovery have created severe budgetary pressures not only for many households and businesses, but for governments as well. Indeed, in the United States, governments at all levels are grappling not only with the near-term effects of economic weakness, but also with the longer-run pressures that will be generated by the need to provide health care and retirement security to an aging population. There is no way around it--meeting these challenges will require policymakers and the public to make some very difficult decisions and to accept some sacrifices. But history makes clear that countries that continually spend beyond their means suffer slower growth in incomes and living standards and are prone to greater economic and financial instability. Conversely, good fiscal management is a cornerstone of sustainable growth and prosperity.This is the reason, of course, that Ben Bernanke has driven short rates to zero with unprecedented liquidity actions, and then beyond that, monetized over $1 trillion dollars worth of continually spending beyond the means of The Federal Government.
