just flat out lied...flat out.
She asked him why if other countries would be willing to buy the debt, why is the federal reserve doing it? He said that if the fed wasn't doing it other countries would do it in its place.
If the Fed stopped buying securities...interest rates would rise...and the economy would collapse....and no...more countries would not take up the slack. We're peaked out on other countries buying our debt.....which is why the Fed has to come in to buy more to keep interest rates lower than normal.
Is lance armstrong his distant relative? I think some of the same genes are running through him.
It's almost like he just thinks that congress is too stupid to know any better...and 99.9% of them are.
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