Wednesday, February 09, 2011

Paul Ryan Signaling "Debt Limit" Vote?

Snippet from today's Bernanke hearing:

Ryan said he believed a “course correction here in Washington is sorely needed.”

Endless borrowing is not a strategy,” he said. “My concern is that the costs of the Fed’s current monetary policy – the money creation and massive balance sheet expansion – will come to outweigh the perceived short-term benefits.” Gateway quoting the Caller

He's right, of course.

Think he's sending a signal about the debt-limit vote?

Better put: if Ryan votes to increase the debt-limit, how will he reconcile that with the above?

HT: Gateway

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