“Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth,” Bernanke said in testimony to lawmakers today. “Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance.”
Bernanke’s comments signal that the central bank sees risks of a relapse into financial turmoil even as credit markets show signs of stability. He warned the financial industry remains under stress and the credit crunch continues to limit spending.
Source: Bloomberg.com
GIMME SOME DEFICIT SHELTER
(Stones, Gimme Shelter)
WilliamBanzai7
Oh, a fiscal storm is threatening
Our pampered lives today
If we dont get some deficit shelter
Oh yeah, we're gonna fade away
Burger flippin bankrupt children, its just a shot away
Its just a shot away
Burger flippin children, its just a shot away
Its just a shot away
Ooh, the inflationary fire will be sweepin
Our very balance sheets away
Burns like a red ink carpet
Mad bulls lost their way
Burger flippin children, its just a shot away
Its just a shot away
Burger flippin children, its just a shot away
Its just a shot away
Deficit fate, fiscal murder!
Its just a shot away
Its just a shot away
Deficit fate, fiscal murder!
Its just a shot away
Its just a shot away
Deficit fate, fiscal murder!
Its just a shot away
Its just a shot away
The bailout flood is threatning
Our cushy lives today
Gimme, gimme deficit shelter
Or we're gonna fade away
Burger flippin children, its just a shot away
Its just a shot away
Its just a shot away
Its just a shot away
Its just a shot away
I tell you love, sister, just a kiss our fiscal ass good day
Its just a kiss away
Its just a kiss away
Its just a kiss away
Its just a kiss away
Kiss away, kiss away
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