Comments on: The Federal Budget Deficit!

By: kmaz

kmaz — Thu, 25 Jun 2009 11:31:41 +0000

Our country is in serious debt these days, which is an obvious problem. Bernanke’s point is a smart one, when he talks about continuing to borrow money and loans. Us constantly borrowing money from other countries and such is only sending us deeper into debt. Hopefully our country can pull out of this, rather sooner than later. It is especially unfair to all of the later generations who will have to deal with the consequences for something they dont really have much part of, or have no part of at all.

By: tullis88

tullis88 — Wed, 24 Jun 2009 18:07:49 +0000

I found this article to be very interesting. The issue of increasing debt is clearly a growing problem that needs to be put to rest much soon than later. Bernanke makes very good point and advice about why the continuing borrowing of money and loans is only digging us deeper in our whole of debt. Becuase Bernanke’s term is up within the next couple of months, he is making a big push to get his point a across, and although the article says that Obama will have to make a tough dicission on whether or not to keep him on dispite the conflicts, the article also states that Obamas administration has been putting Bernanke’s ideas into motion. In order to stimualte the economy we need to first find a solution to the amount of debt we currently have and then create revenue so that our generations, and generations to follow dont end up in this same situation.

By: krissyelizaz

krissyelizaz — Mon, 22 Jun 2009 02:46:31 +0000

Could you just imagine if we keep borrowing more and more and more money, and traveling deeper and deeper into this pit? I just don’t even know what to say about this.
I think “SavyEconomist”’s theory about how Bernanke is in fear of losing his job is smart. I would never think of that after reading this article, but I definately see why he/she would think that. Good thinking.
I don’t know how the government is going to fix this. I don’t know if higher taxes is going to fix all of this either. .. It’s sad to say that I’m not even interested in this topic or anything that –that article is suggesting. The economy is just so dissappointing at this point. I just can’t believe other things like.. how the city of Boston spent around $10,000,000 or something like that on solar powered trashcans. ?? (I think the was around the price.. I bet it was more..) REDICULOUS.

By: diamond

diamond — Tue, 16 Jun 2009 17:56:46 +0000

I agree with Mr. Bernanke. I am disapointed with the generation before mine dumping their debt on my generation and hope we can end this cycle once and for all. I beleive if the goverment needs more money they need to raise it themselves. This may meen higher taxes for all but we will finally end the ongoing credit. Our economy is in crisis, the goverment is acting as irresposible as the indivisuals who got us there. It is time to put an end to the ongoing credit of the US economy.

By: denofearth

denofearth — Thu, 11 Jun 2009 00:50:46 +0000

Bernanke is concerned because the rising deficit causes the treasury to borrow more money by issuing more bonds which in turn creates higher yields. These treasury bond yields are what the long tern lending rates are based on therefore deterring people from borrowing due to higher rates……..I think.

By: SavyEconomist

SavyEconomist — Wed, 10 Jun 2009 03:24:00 +0000

I think Bernanke is concerned about the deficit so much because he is in fear of losing his job. The article says his term expires in seven months. However, there are obvious reasons for his concern. Like it says, yields on long-term Treasury bonds keep rising. He is worried that investors will fear inflation and lose any interest in the market.

By: NDN1

NDN1 — Tue, 09 Jun 2009 02:47:16 +0000

The shift in thinking and the effects that are surfacing with with a greater national debt, and the ability of our government to stimulate the economy is at a stand still or so it may seem. The increase in the return on treasuries and the impending increase in interest rates could slow it further. However, to not continue making the investment in the economy at the current rate could cause civil unrest. I struggle to trust Mr. Bernanke’s ability to forcast the effects… of any economic situation as he is the fed chairman he should have offered suggestions long before now to the troublesome place this economy and our country is in. I do think for the sake of my children, we need to be working on cutting the spending and slowing the deficit as I do not want to be paying for mistakes that others have made including the GM Bailout,,,

By: adri143

adri143 — Mon, 08 Jun 2009 13:12:56 +0000

I agree with Mr. Bernanke’s thoughts. People and businesses are borrowing money that they can not pay back. This is not right people who buy homes with high interest rates who dont make enough money to pay the interest rates should not be purchasing a home! This issues are making all of us suffer. If we do not stop matters like this, things will just get worse and there will be no economic growth!

By: CTgirl

CTgirl — Sun, 07 Jun 2009 19:24:57 +0000

I strongly agree with Mr. Bernanke advice because we can not keep on borrowing money and not knowing when we will be able to pay it back. It will bring a lot of issues and burden to the next generation. Due to the article, we are already in a deep debt. If we don’t find a way to stop the crisis, we will end up paying higher interest rate. GDP is another concern. We want higher GDP to keep inflation out of the way. Also, it will help better economic growth.

By: bizmaj

bizmaj — Fri, 05 Jun 2009 01:25:21 +0000

I definitely agree that it’s very important to focus on stimulating the economy’s financial situation but at the same time we don’t want to get in too much debt. We are already in so deep of debt that spending such a great deal more money would obviously dramatically increase this issue. The question is where is the balance between stimulating the economy and paying back debt.