Government Irresponsibility

July 17, 2013 pwm1

New Treasury Secretary Jack Lew heaped praise today on outgoing Fed Chairman Ben Bernanke.  It is odd that not one mention was made of the $17.3 TRILLION national debt the government has racked up.  I am curious, Secretary Lew, what will happen to the cost of servicing that debt load when rates do finally go up?  Perhaps, Secretary Lew, is the dirty little secret that Chairman Bernanke has allowed rates to remain so low because of this fact?  We did not believe it was possible to go downhill from the likes of Timmy Geithner, but it appears as though we were wrong.

MSH


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