Ben Bernanke: Reports Overstate Damage From GOP Spending Cuts

Cutting $60 billion from the budget is just a drop in the bucket. Bernanke knows that the cut is minimal at best, especially considering that his QE2 can allow $600 billion back into the economy for an economic stimulus that circumvents our government process. This whole mess is not a spending problem but now is a revenue problem due to the reduced tax base from the economic downturn and the reduction in income taxes from the high unemployment. So the bankers that caused this mess get the bailouts and those on Main Street who are effected get their benefits reduced. The elite are bailed out on the backs of the middle class.

Goldman Sachs, is that one of the companies that got Obama money? Liberal think tank think conservatives are wrong, what a suprise that is. Tax and spend liberals think cutting spending is bad. No one could have seen any of these views coming. First it was republicans want to cut but did not say where they would cut. Now that they say where they will cut they are the demons trying to kill jobs. Obama budget was a joke, democrats have no answers but want to demonize the republicans for trying to take set to correct the problems. Obama and democrats if you cannot lead stay out of the way of people that will.

The real solution to fix our sick economy is to pass :
The "One - Year Mortgage Holiday" 9 Point Economic Recovery & Jobs Plan as fully detailed at www.saveoureconomy.com is indeed the silver bullet solution to solve the current housing, credit, banking, financial crises, that will immediately jump start our economy, create millions of new Jobs, stimulate growth and generate long term economic prosperity through out America! The Mortgage Holiday Plan is the bold, ingenious ultimate "Trickle Up" stimulus plan that will help all home owners, renters and small/medium businesses that will actually work to stabilize the housing market and get America's economic wheel of commerce rolling again, which will also help balance the Federal budget and help start reducing the National Debt, which will strengthen the American dollar.

The Mortgage Holiday is a fair and balanced legitimate stimulus plan, Of, By and For the People, Main Street that empowers We The People, allowing us to have a well deserved one year time out from making our monthly mortgage payment, so that we can decide how best to save, spend & invest our own money. Renters of apartments, office & retail space will also receive a monthly savings and partial rebate in rent.

If you should agree, then we urge you to speak out in support of the "One - Year Mortgage Holiday" 9 Point Economic Recovery & Jobs Plan, that is supported by a majority of American's across the country, that actually take the time to simply read the Plan at www.saveoureconomy.com!

Job killing this and job killing that. Wasn't that the mantra of the GOP BEFORE they got elected? Now the only thing they can come up with is Job Killing proposals. Yes folks nothing will aid the economy recover like another 1/2 million hitting the unemployment line. I am reminded of the story of the frog and the scorpion. Once the frog agreed to carry the frog across the stream on his back the scorpion stung the frog. The frog asked as he lay dyimg "how could you after I helped you." The Scropion replied " you knew what I was when you picked me up." That's the GOP, no crying when you are making minumum wage and have no health benefits. You knew WHAT they were before you pulled the red handle.

Bernys fishing for a pay raise. These people don't have a clue about anything. They don't care that we all are about to be screwed. They are all trying to look good.

Every well has a bottom and a limit to how much can be taken out of it. It is just common sense, the spending is totally out of control. We are paying for the bills of illegal immigrants, does anyone know what the word illegal means, it should mean no rights in this country. No rights to anything that hard working people work for and should not have to subsidize anyone here illegally.

"It would of course have the effect of reducing growth on the margins certainly," he said. "It would have a negative impact, but 2 percent? I'd like to see their analysis. It seems like a somewhat big number relative to the size of the cut."

The Fed chairman later stressed that the long-term spending trajectory of the United States is "not sustainable" and urged lawmakers to make a long-term commitment to cutting federal spending over a number of years...........Bernanke is walking a fine line here, and obviously does not want to come right out and say the Libs/Dems are all wet.......but we know they are.

"one from Goldman Sachs"............when did they become the people to listen to? Weren't they one of the very, very, bad guys, who not too long ago had to take a seat below the salt?