The Fed Boss has spoken and expressed some serious concern. What did he say? What do you believe we should do? How might this impact your home? This article is due October 11th.
Tuesday, October 5, 2010
The Fed Boss has spoken--- his advice?
The Fed Boss has spoken and expressed some serious concern. What did he say? What do you believe we should do? How might this impact your home? This article is due October 11th.
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The fed boss (Reserve Chairman Ben Bernanke) has stated that if the nation and congress does not work to curb the nation's deficit for the coming years, the economy could be hurt, it makes sense that this could very well be the case, and i agree with him that he says that the economy is to fragile to impose higher taxes and slash sending, we just came out of a recession and there needs to be time for the economy to grow before we go around messing around with it and imposing new costs, and i could see that failure to control the deficit and the imposition of new costs could just send us into a new recession.
I believe Bernake is correct. The government should curb the nation's budget. Big spending right now would only hurt the progress we've made recently. Why hurt the country even more?
He said that the government needs to control the deficits and that they need to come up with programs or a way to control them. I think we do need to control the deficits, if they get out of hand how are we supposed to recover without making serious tax raises. I think something needs to be done now before its to late.
Federal Reserve Chairman Ben Bernake warned that the economy could be hurt if Congress and the White House fail to come up with a plan to curb the nation's huge budget deficits in the coming year. I believe that he is correct the government should curb the nations budget because failure to control our spending could send our nation into a new recession.
I think the government really needs to curb the nation's budget so that the economy will not be hurt in the future. We already have a lot of problems with the economy that we are still in the process of fixing. We don't need to mess around with other things. And i agree with other people that all this could already lead us into a new recession if we don't decide on what to do now and make some changes.
Ben Bernanke stated that the government should curb the nations budget. I think that this cold help our economy in this fragile state. We have already gone from our staggering 1.4 trillion to 1.3 trillion dollar downfall. The improvement is a radical change that can stand us back up on our own 2 feet again. I believe with this we will be back to normal fairly soon.
the fact that our debt is decreasing due to this curb that bernake has come up with is just amazing. I think that we should keep this up and see if it can continue to drop our debt and hopefully get our nation back on track again. This needs to happen now before it makes our nose bleed even worse.
he is totally right! more spending is going to put us in even more debt! no more spending money!
I believe the government should curb the nations budget. If people don't stop spending and realize that we really don't have the money to spend then we could very easily go into another recession.
Social security wouldn't need to be cut if the government hadn't decided to borrow from it in earlier generations. If they were smart they'd cut their losses and move to privatize social security and medicaid and cut the new healthcare bill that is going to cost people more.
I believe Bernake is correct. The government should curb the nation's budget. He warned that the economy could be hurt if Congress and the White House fail to come up with a plan to curb the nation's huge budget deficits. If this problem isn't fixed i believe the nation's debt may get out of hand and the economy may return to a recession.
I also agree with many people on this blog that Bernanke is correct in his statement the economy could be hurt if the government doesnt start to work to curb the nations deficit. With our current economic situation and the recent ressesion I agree with Bernanke.
Ben Bernanke is 100% correct. The urgency of creating a plan for curbing the U.S. deficit is on our door steps. He is also correct in saying that our immediate reaction of raising taxes and cutting spending will only hurt the growth of the economy. The U.S. economy cannot afford another hard hitter after our last recession. Giving the people the heads up on the plan may also make things run more smoothly. Hopefully the situation is resolved before it becomes too late and furthers the economic problems.
I believe Bernake is correct.He said that the government needs to control the deficits and that they need to come up with programs or a way to control them. I do too.
basicly this coutry is going to fall apart if the president and congress dont figure out how to fix the economy. i feel that if it dont get fixed soon this counrty is not going to be any better than iraq or any other country in this world
Hmm, i think maybe its time for our huge democrat house and senate to finally cut huge spending. I mean, if they raise taxes it'll cripple support and put alot of families out of homes. come on Government, lets solve these problems now.
"Exploding budget deficits can lead to higher interest rates for people buying homes and cars, and for businesses buying equipment or expanding operations"
THis is exactly what NEEDS to happen. Higher interest rates would increase the value of the dollar (along with increased taxes, though as a republican, I hate to say it)
However, allowing people to buy houses that they cannot afford is one of the main reasons that we are in the situation that we are in right now. If we raise taxes and interest rates, the value of the dollar will possibly increase. Printing mire money and cutting taxes will not solve anything.
From this article he talks about how the government needs to control the deficits and how they need to come up with programs to control them. I think we should control the deficits, because if they get out of hand how are we supposed to recover without making serious tax raises. I feel like if we dont take action now then before long it will be to late.
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