Federal Reserve’s Boondoggle $600 Billion Plan

 Sarah Palin on Monday weighed in on the global debate over the Federal Reserve's $600 billion plan to buy up government debt, suggesting Fed Chairman Ben Bernanke should "cease and desist."

"We shouldn't be playing around with inflation," Palin said in remarks prepared for a speech in Phoenix.  "We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation, which will erode the value of our incomes and our savings. We want a stable dollar combined with real economic reform. It's the only way we can get our economy back on the right track."

Voter outrage over Fed bailouts and other actions helped propel many Republican candidates on Election Day, including Kentucky Senator-elect Rand Paul, who has favored abolition of the agency.

His father, House Republican Ron Paul, another Tea Party favorite who has run for president twice, intends to push to audit Fed monetary policy decisions next year if - as expected - he wins control of a congressional subcommittee that oversees the central banks.

Representative Paul Ryan, expected to become chairman of the House Budget Committee when Republicans take control of the chamber in January, said on Sunday the advantages of the central bank's move to inject more money into the U.S. economy "are very low."

"I think it's going to give us a big inflation problem down the road," Ryan said.

Barack Obama and other U.S. officials defend the Fed's decision to buy $600 billion in U.S. Treasury debt as a means to stimulate the economy and maintain global stability.

Palin's remarks add her to a growing list of critics, including officials from China, Germany and Brazil, who are concerned that the Fed plan could bring instability instead.

"If it doesn't work, what do we do then? Print even more money? What's the end game here?" she asked. "All this pump priming will come at a serious price."

Once again the woman the socialist left hates shows her intelligence.  It appears she is more concerned with the negative outcome this would cause than Obama.  Palin keeps showing Obama up and the left hates it.

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