HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Who actually made up the ...

Wed Nov 14, 2012, 11:49 PM

Who actually made up the "fiscal cliff" propaganda meme?

2 replies, 744 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Who actually made up the "fiscal cliff" propaganda meme? (Original post)
Faryn Balyncd Nov 2012 OP
k8conant Nov 2012 #1
morningfog Nov 2012 #2

Response to Faryn Balyncd (Original post)

Thu Nov 15, 2012, 12:00 AM

2. Ben Bernanke, as far as I can tell.


"Achieving long-run sustainability and providing comfort to the public and the markets that deficits will come under control over a period of time - that's very important for confidence and for creating more support for the recovery. But at the same time, I think you also have to protect the recovery in the near term. Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. I hope that Congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date."

Feb, 29, 2012 from the question and answer session of a House Financial Services Committee hearing with Federal Reserve Chairman Ben Bernanke testifying on monetary policy and the U.S. economy.


Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread