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"Deportation Unit" SCRAPES Invaders Off The Sidewalk Status: Not Logged In; Sign In Corrupt Government See other Corrupt Government Articles Title: US Approaching Insolvency, Fix To Be 'Painful': Fisher Source: Rueters URL Source: http://www.cnbc.com/id/42209447 Published: Mar 22, 2011 Author: CNBC Post Date: 2011-03-22 12:40:34 by Happy Quanzaa Keywords: Obamanomics in Action Views: 4231 Comments: 2 The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday. "If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point." But he added he was confident in the Americans' ability to take the right decisions and said the country would avoid insolvency. "I think we are at the beginning of the process and it's going to be very painful," he added. Fisher earlier said the US economic recovery is gathering momentum, adding that he personally was extremely vigilant on inflation pressures. Fisher added that the U.S. Federal Reserve had ways to tighten its monetary policy other than interest rates, including by selling treasuries, changing reserves levels and using time deposits. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: Happy Quanzaa (#0) the U.S. Federal Reserve had ways to tighten its monetary policy other than interest rates, including by selling treasuries, changing reserves levels and using time deposits. Well, with that bag of tricks, what could possibly go wrong? "We (government) need to do a lot less, a lot sooner" ~Ron Paul I recall a re-run of MASH I saw where this uber right winger named Colonel Flagg... Godwinson posted on 2011-02-23 11:47:32 ET http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=18011&Disp=46#C46 Hondo68  posted on  2011-03-22   12:47:10 ET  Reply   Trace   Private Reply   #2. To: Happy Quanzaa (#0) Painful fisher, hehehe ------------------------------------- Why don't you make like a tree and get out of here? Biff Tannen  posted on  2011-03-22   13:17:48 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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