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Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'

 
Anonymous Coward
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01/14/2013 08:59 PM
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Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt limit did not exist.

“I think it would be a good thing if we didn’t have [the debt ceiling],” Bernanke told students at the University of Michigan today. “I don’t think that’s going to happen. I think it’s going to be around.” Those remarks put Bernanke in agreement with Treasury Secretary Tim Geithner, who has said that Congress should eliminate the debt ceiling.

[link to washingtonexaminer.com]

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Anonymous Coward
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01/14/2013 09:01 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
The central banksters are the best!
Anonymous Coward (OP)
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01/14/2013 09:03 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
The central banksters are the best!
 Quoting: Anonymous Coward 26268975


What the hell why not right?

After all the FED buys up 90% of the US debt with QE-Infinity money it printed out of thin air.

Weeee!!

Tick Tock Tick Tock Tick Tock

Fiat currency is going to explode this year. It's all over folks.
MaxMad

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01/14/2013 09:08 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
The central banksters are the best!
 Quoting: Anonymous Coward 26268975


What the hell why not right?

After all the FED buys up 90% of the US debt with QE-Infinity money it printed out of thin air.

Weeee!!

Tick Tock Tick Tock Tick Tock

Fiat currency is going to explode this year. It's all over folks.
 Quoting: Anonymous Coward 32179466


Japan is set to implode this year... We are right behind them...
Brad Daylight

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01/14/2013 09:14 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
ROFL!!!

Yea, he is right!

After it tops off at a good amount of, oh you know, like a few ten trillion dollars, IT DOESN'T MATTER ANYMORE!
"I have felt despair many times in my life, but I do not keep a chair for it."
~Dr. Clarissa Pinkola Estes

Today is a gift, that is why it is called "The Present"

“When an opponent declares, “I will not come over to your side,” I calmly say, “Your child belongs to us already… What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community.”
- Adolf Hitler

“If you want to tell people the truth, make them laugh, otherwise they'll kill you.”

-Oscar Wilde

Have a nice day, may God bless you :D
Anonymous Coward
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01/14/2013 09:17 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
I am I favor of eliminating the debt ceiling as long as we abolish all taxes at the same time. All Ben has to do is create a few extra trillions, no big deal.
duFontaine.

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01/14/2013 09:21 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
America FUCK YEAH!!

Bump it
"Accept now that all you have seen from the day of your birth on the surface of the earth, to the present, are wonderful only because the finite mind of man is confused with fragments of evidence, that, from whatever direction we meet them, spring from an unreachable infinity."

"There was a man who could create what could not be imagined. A temple so great you questioned if it was built with human hands. A man who built an idea into the greatest force the world has ever known. A world built from a single word. I care not for the folly of man but for the end of human contention."
Anonymous Coward
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01/14/2013 09:22 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
PRINT IT ON!!! ... similiar words were used by Bush. LOL
Anonymous Coward
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01/14/2013 09:28 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
If the debt ceiling has no practicle value then neither does taxes when you can just print what you want.
MuayThai

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01/14/2013 09:30 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Is there any country that doens't debase its currency? The USA is on the Japan model.
Anonymous Coward
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01/14/2013 09:30 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt limit did not exist.
 Quoting: Anonymous Coward 32179466


The password is "gallows"...
Anonymous Coward
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01/14/2013 09:31 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
If the debt ceiling has no practicle value then neither does taxes when you can just print what you want.
 Quoting: Anonymous Coward 1387156


Shhhhh!
You want a drone strike on your house?
Anonymous Coward
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01/14/2013 09:31 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Yeah bernanke would love that, the valve would be in a constant state of ON, money would just keep on flowing to them.
Anonymous Coward
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01/14/2013 09:34 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Carshy McCarsh
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01/14/2013 09:35 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
A couple of very astute posters here have identified the corollary to this assertion by The Beard:

If the debt ceiling is some sort of legacy aberration, then there is no need for income taxation.

Thanks Ben!

On April 15, I think I'll follow Lil' Timmy Geithner's example, and your analysis, and shrug.
Anonymous Coward
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01/14/2013 09:36 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Yep just about sums up the coming value of the dollar! No Practical Value lmao
Anonymous Coward
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01/14/2013 09:37 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Yeah bernanke would love that, the valve would be in a constant state of ON, money would just keep on flowing to them.
 Quoting: Anonymous Coward 24473407


It's not "money" if it isn't backed by "value".

These fucking monsters are engineering the destruction of American value via the sabotage of its currency/money.
Anonymous Coward
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01/14/2013 09:43 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
I also wonder why we have a debt ceiling.

Every time we reach it they just raise it.

What difference does it make?
Anonymous Coward
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01/14/2013 09:50 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Yeah bernanke would love that, the valve would be in a constant state of ON, money would just keep on flowing to them.
 Quoting: Anonymous Coward 24473407


It's not "money" if it isn't backed by "value".

These fucking monsters are engineering the destruction of American value via the sabotage of its currency/money.
 Quoting: Anonymous Coward 32212799


not quite it says federal reserve note.it is their money,were all going to be renting in potterville soon.why else would they destroy everything if not to just take control of everything else they don't already own
Anonymous Coward (OP)
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01/14/2013 09:50 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
I also wonder why we have a debt ceiling.

Every time we reach it they just raise it.

What difference does it make?
 Quoting: Tuko


Mostly to paint a rosy picture for the currency market.

They pretend we have a 'budget' so the currency buyers in foreign countries will buy the dept.

SUCKERS!@
Anonymous Coward
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01/14/2013 09:50 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Yeah bernanke would love that, the valve would be in a constant state of ON, money would just keep on flowing to them.
 Quoting: Anonymous Coward 24473407


It's not "money" if it isn't backed by "value".

These fucking monsters are engineering the destruction of American value via the sabotage of its currency/money.
 Quoting: Anonymous Coward 32212799


A fiat currency does not have to be backed by value as it must maintain trust and confidence or it will fail into hyperinflation.
Anonymous Coward
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01/14/2013 09:51 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
I also wonder why we have a debt ceiling.

Every time we reach it they just raise it.

What difference does it make?
 Quoting: Tuko


If America was actually being managed by patriot geniuses, like its Founders, it would dictate financial responsibility and keep the currency intact. But, instead, we are being ruled by mentally crippled traitors, whose job seems to be to collapse the US dollar as the world reserve currency, and usher in a globalist replacement with a planet-wide central bank fiat currency in its place.
Anonymous Coward
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01/14/2013 09:52 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Other countries should print fake money and spend massive amounts on entitlements and big huge a huge military with fake money. If they insist on printing fake money, I would demand a house, and not a section 8 house either, if I lived there. I would only for someone if they promised a big house
Anonymous Coward
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01/14/2013 09:52 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Hay Bernankacide, the FED has no practical value to the US, either!
Anonymous Coward
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01/14/2013 09:55 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Other countries should print fake money and spend massive amounts on entitlements and big huge a huge military with fake money. If they insist on printing fake money, I would demand a house, and not a section 8 house either, if I lived there. I would only for someone if they promised a big house
 Quoting: Anonymous Coward 12582603


They are ! They are funding their budgets with it. You realise that the American Dollar is the worlds reserve currency dont you ?
Anonymous Coward
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01/14/2013 09:55 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Wow biggest criminal in the entire world. Hope he pays for all the suffering he's caused.
Life's-A-Bitch

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01/14/2013 09:56 PM

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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Here's an idea. Let's get rid of Ben Bernanke


Problem solved



By the way Mr. President. You keep saying that you won so you get your way. That is madness, that would be like a new CEO of a company taking his position and demanding that he now OWNS the entire company..

You Sir are a PAID employee
Just because YOU don’t believe
in the Rougarou; or the Loup Garou, don’t make you safe; No !

The Constitution is a blend of 'moral certitude' -- which is one of the reasons that criminals are determined to be rid of it and We the People must be even more determined to defend it.

"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine

The only thing the Illuminati fears is an independent person who can live, eat, sleep, stay warm and defend themselves separate from Federal help. Pray that the Lord gives us more time! The End is near and time is short!

A fool takes no pleasure in understanding, but only in expressing his opinion. ~Proverbs 18:2


For those who understand, no explanation is needed. For those who do not understand, no explanation is possible

"A candle loses nothing by lighting another candle" - James Keller

Checkd, Keked, and Rekt!

#Kids2
Anonymous Coward
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01/14/2013 09:57 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
FORWARD!
Anonymous Coward
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01/14/2013 10:00 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
SURE, Ben !

Get rid of the law on murder too. That WILL solve that messy problem, right?
Anonymous Coward
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01/14/2013 10:01 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
thadividedsky

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01/14/2013 10:03 PM
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Re: Ben Bernanke: 'Get rid of the Debt Ceiling, it has no practical value'
Question, was the FED charter ever renewed? It was supposed to expire last month. Also, if the debt ceiling has no value, then there is no need to lay and collect taxes because they can print as much as they want. Not having to pay the bills makes taxation pointless beyond trying to make everyones lives hell.





GLP