Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

6 Bumps

Do you agree with Paul Ryan challenging the feds?

House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status.

“There is nothing more insidious that a country can do to its citizens than debase its currency,” Ryan told Bernanke. “Chairman Bernanke: We know you know this. We know that you’re focused and concerned about this. The Fed’s exit strategy and future policy – it will determine how this ends.”

Ryan said he believed a “course correction here in Washington is sorely needed.”

“Endless borrowing is not a strategy,” he said. “My concern is that the costs of the Fed’s current monetary policy – the money creation and massive balance sheet expansion – will come to outweigh the perceived short-term benefits.”

http://dailycaller.com/2011/02/09/ryan-confronts-bernanke-over-feds-purchases-of-u-s-debt-raises-concerns-about-the-dollar/#ixzz1DVSy7L6g

Answer Question
 
Carpy

Asked by Carpy at 6:16 PM on Feb. 9, 2011 in Politics & Current Events

Level 39 (114,053 Credits)
Answers (15)
  • YES! I do.
    QuinnMae

    Answer by QuinnMae at 6:50 PM on Feb. 9, 2011

  • This is for JJB, when she chimes in!


    Quantitative easing explained!


    LOL :o)

    LoriKeet

    Answer by LoriKeet at 6:54 PM on Feb. 9, 2011

  • Lori, JJB will love this, The Ben Bernank and The Goldman Sachs,

    agentwanda

    Answer by agentwanda at 7:13 PM on Feb. 9, 2011

  • LOL Lorikeet, to hell with for JJB, It should be sent to Obama and the feds.
    Carpy

    Comment by Carpy (original poster) at 7:16 PM on Feb. 9, 2011

  • Carpy, do you really think they would get it? I'm not sure if they would but I am sure that they don't give a damn...
    agentwanda

    Answer by agentwanda at 7:28 PM on Feb. 9, 2011

  • LOL Lorikeet, to hell with for JJB, It should be sent to Obama and the feds.

    ***

    I don't think Obama and company would understand it...too complex!! But I'm sure dementia riddled Biden would get a kick out of the cute little teddy bears! LOL :o)
    LoriKeet

    Answer by LoriKeet at 8:05 PM on Feb. 9, 2011

  • Thank you lorikeet. Yes, I agree with Congressman Ryan.
    jesse123456

    Answer by jesse123456 at 8:45 PM on Feb. 9, 2011

  • no
    alisha2104

    Answer by alisha2104 at 8:46 PM on Feb. 9, 2011

  • Yes, I agree with Ryan.

    And, the bears explained everything very well. LOL
    May-20

    Answer by May-20 at 8:50 PM on Feb. 9, 2011

  • no
    alisha2104

    Answer by alisha2104

    ????????
    Carpy

    Comment by Carpy (original poster) at 9:00 PM on Feb. 9, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN