It's not the debt, it's the DEBT SERVICE....
I must remind y'all again? In 1979 I got a mortgage on a Silicon Valley house for just under FOUR times my annual GROSS income at the time... a home that I bought for almost exactly TWICE the selling price of the NJ home I'd just left behind. And, according to the bank that let the mortgage to me, I got 'the last mortgage under 10% interest rate in Silicon Valley.'

Did I lose the house? Was I foreclosed? NO.

Companies borrow TONS of money when the payback on what they're going to USE the money for is deemed (or hoped for or expected) to be HIGHER than the interest rate cost of the loan!

Unfortunately for virtually all Americans, our wonderful government 'leaders' conflate National Debt with Carrying Cost AND WORSE, have no problem creating expensive, inefficient programs that NEVER DIE and assume that for the infinite future, they can find some way to tax or steal the money from the Producers to pay for their failures.

But trust me, the mainscream media OR your elected officials will NEVER say that.

The CBO assumes in its projections a yearly 3.5% GDP increase. 2013 came in at a massaged 1.9%. 2014 Q1 in revision will contract unless they add more massaging.

To academic economists the theory is the important thing. They have no experience in real world cause and effect. Minor dislocation is just a term for record unemployment. People's lives get lost in the rounding errors. Like the several million people that did not get to keep their insurance plan and doctor. That was just a small percentage, nothing to be surprised about.

My take? This year as more businesses begin to face their individual choices on health care our economy will crater...CRATER! Each individual business, large or small, will decide to solve health care the best way for their stockholders or stakeholders. Some will reduce staff to under 50. Some will reduce hrs to under 30/wk. Some will pay the penalty, give the change to the employee, and tell them to get their own insurance. And some will pay for it all, then try to compete against companies not providing insurance. This will cause major uncertainty for industry, and a net loss of income for employees no matter how they choose. The first quarter already went sideways with only one tenth of one percent growth. As the tsunami of healthcare rolls across major players we will all be damaged. I would guess the health care system will flat line and die. Then, it will be brought back to life in some way.

This is bigger than Yellen. It won't matter how much easing they do. Our economy was growing at about 2%. Obama and his team are now fixing health care, which is 17% of GNP. Looking at his track record of fixing things what else could we expect? we were +2, if health care contract 50% we will be -6.5, if we're lucky. Take heart, this is simply a minor disruption on the way to utopia.

Not a word of truth ever comes out of that woman's mouth.
She's a bankster shill, plain and simple.

Let's do the time warp a-gaaaain.

you should have the same attitude as all of the members of congress as well as the president, it was coined by Alfred E. Newman "WHAT ME WORRY"!

She's trying to defend the indefensible. We shouldn't have a Federal Reserve. We should trade with coins, or with warehouse receipts for other bulk commodities.

We should be taking action immediately to balance the budget. This is the exact time to do it.

Jim Rickards on the $ http://youtu.be/xCsm5m89SVM

WILL rise? My head hurts.