Obama Fed Chairman on debt: "Trillion there, a trillion here... doesn't make much difference."

U.S. Senator Jim DeMint (R-SC) questions President Obama's Federal Reserve Chairman Ben Bernanke how increasing interest rates will affect U.S. debt payments. Bernanke stated that a 1% increase in interest rates would cause $100 billion per year increase in size of U.S. debt, or $1 trillion in new debt over 10 years. DeMint stated: "That's real money." Bernanke responded: "A trillion there, a trillion here... doesn't make that much difference."

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[WorkingMotherof2]

This is the same guy who has the printing press in overdrive ...

[Heavy799]

Wow...

[drsmith963]

The ZIONISTS are trying to collapse the Dollar so they can bring in a global currency - in the mean time they are going to protect the International Banking Cartel and do whats best for the CARTEL.

In the mean time get ready for inflation - and possible Hyperinflation - and devaluation of the dollar continues.

[america2revolt]

Just remember 1776 boys!!!

[america2revolt]

Who gives a shit who it was that appointed him they are all the same... Bush, Obama it don't matter they are all bought and paid for by the Bankers and told what to do by the Rothchild's and Rockefeller's.... And sorry Mr. DeMint but the US Congress is irrelevant.. Even the President Obama says he only has to answer to the UN to go to war now.. What more do the American people need see and hear to realize the Congress is nothing but a joke to the American people.