Bernanke Makes Raising the Debt Ceiling Appealing…

…but don’t let him fool you!

We’ll be hearing from Chairman Bernanke tomorrow afternoon following the FOMC meeting, scheduled to discuss our financial path post the $600 billion dollar stimulus package, particularly if Congress doesn’t permit the debt ceiling to increase.

Bernanke is not holding back, as he suggests Congress focus on other ways to cut spending and pull out of the recession, than bickering over the debt ceiling. He is urging for the increase of the debt ceiling and a debt to GDP ratio decrease over a period of time as an alternative solution, to avoid putting the domestic and international economy in shock.  Keep reading at


Published in

Post a comment