UPDATE: this story [3] seems to have the date corrected to a week later than I thought. It has several links and some further discussion. FURTHER UPDATE: Clic-the-pic to read full PBS news release on their major upcoming documentary on this. Twist sent this Fool story [1] along, which in turn referenced this YouTube [2] of an extract of a C-span interview with Rep. Paul Kanjorski (D-PA) Capital Markets Subcommittee Chair.  I’m not going to put up anything besides a partial transcript and yet another embed of this must-see video (the first 2 minutes is pretty dull ), but Doomers…
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In August 2007 David Walker, Comptroller General of the United States said, I would argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility.  

  Last night L forwarded me a Yahoo Finance article entitled: Fed’s Fisher says Fed independence must be ensured. It quoted Dallas Federal Reserve Chairman Richard Fischer: It is more important than ever that we maintain the independence of our central bank, keeping it free from being overridden by political considerations. I believe it vitally important that the Federal Reserve must be left alone to independently craft policies…to achieve financial stability and conduct monetary policy aimed at maximizing sustainable job creation without upsetting price stability. This brought to mind a question: