Mysteriously Now Bernanke Cries War On Debt After Healthcare Passing

By Jeffrey Paulsen on April 10, 2010, 9:44 am Posted in Economy News

The Federal Reserve Chairman (Bernanke), a position always held by a stooge of the Wall Street Bankers, stated that the public debt has to be lowered. He stated that an aging population which will be utilizing Social Security and Medicare, along with less money coming in as taxes from the older population, is the reason the public debt is too high. Lots of luck in paying down the national debt.

Bernanke Speaking Nonsense

The Chairman should have thought of this before bailing out the banks and AIG. But, apparently the priority was to make sure the elite and privileged were cared for first. He didn’t want them to be lacking in their golden years by not having sufficient equities and their dividends.

Less Benefits For Those That Need Them

The only way to get the debt under control is to cut benefits to Social Security and Medicare recipients. The age in collecting full Social Security has been rising without much fanfare. Hopefully, Mr. Bernanke ‘s job of lowering the debt will be made easier if more of the elderly died off and didn’t live as long. This might be the case if the age in which full benefits can be collected is continuously hiked.

Those on fixed incomes who need these payments, some of which were wiped out on Wall Street because they were not smart enough to disregard the advocates of a stock market that would never go down. These same people are touting a Dow of over 14,000, higher than before the crash.

 

The Chairman has some nerve to tell the people to tighten their belts, though he said it indirectly. Why doesn’t he tighten his belt? There are two America’s in his way of thinking, Wall Street and the rest of the country. What he is not saying is that the government figures are all false and out there in America people are suffering, even though the stock markets are rising with no end.

Related posts:

1. House Ways & Means Committee Can Affect Social Security & Medicare
2. The True Long Term Cost Of The Obama Healthcare Plan Fiasco
3. Obama’s Economy Plan For America: Tranformation Or Restoration
4. Fed Debt & Unemployment: Fox Poll 82% Believe US In Full Blown Crisis
5. U.S. Medicare Program Massively Underfunded

One Response to “Mysteriously Now Bernanke Cries War On Debt After Healthcare Passing”

1. Viki says:

   May 2, 2011 at 8:32 am

   At last! Someone who undertsadns! Thanks for posting!