"Instead of allowing a default, Democrats and Republicans needed to develop a credible long-range plan to rein in the nation's budget deficit, Mr Bernanke added." That came out of a particularly enlightening article about how the world most certainly will end if the debt ceiling is reached. After all, parents increase allowances every time their children spend it. You wouldn't want them to miss out on movie nights, would you? (Or medicare and other welfare institutions...because they are very helpful you know and help all the people they are supposed to.)

But only if they would just agree. All you have to do is get the people who just love spending to slow down A LOT. Not slow down a little bit, but get as close to STOPPING as possible. (See national 'balance sheet'). Yes, that will happen in the next two months. No worries, Bernanke. The Fed wants it done, it will be done.
 


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