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Latest Ben Bernanke Items
The United States of America, once the greatest and wealthiest nation in world history, has gone broke. Federal Reserve Chairman Ben S. Bernanke continues to print crazy amounts of money to cover up this fact, but the truth is that we are on an unsustainable course. We continue to spend more money than what we take in every year. Piggyback that on the amount of interest we have to pay to service our debt each year, and you get a recipe for financial ruin.
The U.S. economy just barely eked out a quarter of growth at the end of last year, according to revised estimates published by the Commerce Department on Thursday morning.
Facing criticism from Republican lawmakers, Fed Chairman Ben S. Bernanke stood behind the Federal Reserve's low-interest-rate policies Wednesday and sought to reassure members of Congress that the central bank has a handle on the risks.
Federal Reserve Chairman Ben S. Bernanke Tuesday morning warned Congress that $85 billion of across-the-board spending cuts due to start on Friday will dampen economic growth this year.
Upon learning recently that the economy shrank for the first time in more than three years, the Federal Reserve decided to continue its longstanding policy of printing money at full speed until investor confidence runs out or the ink runs dry.
This week, Ben S. Bernanke announced that the Federal Reserve would continue its misguided quest to ease our financial woes with purchases of $85 billion per month in mortgage-backed securities and Treasuries.
Stocks edged higher on Wall Street after a rally in retail stocks offset concerns about flaring tensions in Washington over increasing the country's borrowing limit.
There is a precious gift hidden in the event we now call Ben S. Bernanke's "fiscal cliff." On Jan. 1, without -- or more precisely, because of the lack of -- any action by Congress, the fiscal integrity of the government of the United States will be given back to the people.
Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John A. Boehner declared.