Fed’s Bernanke Warns About Deficits
– Chairman’s Caution Is A Lot Like Octomom Warning There’s Going To Be a Lot of Baby Crap To Clean Up –
After stoking the credit bubble to way beyond Hindenburg-type proportions and then signing off on all manner of bailouts which put taxpayers and the government on the hook for deficits four times greater than anything the country’s ever seen, Fed Chairman Ben Bernanke has something to tell you.
“Um, … all this wild spending is a problem.”
Bernanke’s concerns were echoed by members of Congress who also acted like they had nothing to do with the current situation.
Man, it’s like the Deficit Fairy just floated down out of the sky and magically conjured up an tsunami of red ink.
“We cannot add infinitely to the national debt without facing the consequences in global credit markets, or on our future capacity to borrow,” intoned House Budget committee chairman John Spratt.
“But,” Spratt added while surreptitiously studying for his math G.E.D. during the session,”we’re sure as hell going to try,”
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Bernanke: “There’s a shit storm coming…”
Octomom: “You’re telling me!”
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Images: Zuma Press
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