Federal Reserve & PBS to be indicted for false and misleading statements to the public?

Photo above - Fed President guy on PBS last night, claiming everyone's Social Security checks will stop

https://www.pbs.org/newshour/show/chicago-federal-reserve-president-on-inflation-and-economic-uncertainty

I watched PBS last night. Smirking Congressman Santos, on the courtroom steps, announcing his re-election bid. After posting bail for 13 counts of lying and conspiracy. Should we regard that as that better or worse than Biden announcing his re-election bid as we struggle with massive inflation, a federal budget crisis, and millions of homeless Americans?

But that's not the point of today's column.

If we're going to start hauling government bigshots off to jail for “lying”, why stop with Santos? Shouldn't this open the door to all sorts of other indictments? Like state Affiliated media interviewing the Fed Prez Austan Goolsbee last night. Where he made the outrageous claim that social security checks will stop. Let me quote Goolsbee exactly from the link above: “we're not going to pay Social Security”.

Millions of PBS viewers swooned and fell to the floor. Well, they would have, if they'd actually been watching. But not that many people watch PBS. Anyway, years of data show that politicians and the media are regarded as the least trusted people in America. Watching state affiliated media interview a government bureaucrat - that could be the perfect storm of disinformation, no?

How do we know that Social Security WON'T be cut off? Because the Social Security Trust Fund is separate and distinct from the federal debt. You can Google it. It's not in any way part of the debt limit which congress is debating. The Fed (and state affiliated media) are now being enlisted in Team Biden's campaign. The effort to arm-twist congress into giving up on spending cuts. “Pass the debt limit bill with no changes, or millions of Social Security recipients will starve and be thrown into the street. And you . . . helpless social security recipients – call and write congress now. Do it today!!!” That's not a direct quote of course. Just the clear intent of the PBS segment.

But nobody watches PBS. You didn't last night, did you? If the Fed Prez had made his ridiculous threats on a legitimate news channel (perhaps MSNBC or even CNN) he might have been called out on it.

This writer devoted a column earlier this week to Treasury Secretary Janet Yellen PERSONALLY calling corporate CEOS. Pressuring them to get on board with Biden's unlimited spending plans. Now the Federal Reserve and PBS have jumped in. Told retirees and workers to blame congress for the debt crisis. Not the Fed. Or the Treasury Department. Or the White House. Or decades of deficit spending. Don't blame us!!!!

Can I make a citizens arrest? Criminal charges against the Fed, Treasury Dept, and White House - for “false and misleading statements for political gain”? That's what Santos was charged with. And HE certainly deserved it.

Now what about the rest of the government? Shouldn't they be held to the same standard?

Graylight · 51-55, F

Predictions are not lies. Really need to learn that.

The full excerpt:

Interviewer: What do you see as the impact of this current debt limit standoff or a potential default on this economy that's still recovering from the pandemic?

Austan Goolsbee: Yikes. You're giving me indigestion to think back to what that was like.

Let's hope we don't get into that environment. The — as Chair Powell said, there really isn't any alternative. We have got to raise the debt ceiling. How Congress is going to sort that out, and the two parties are going to have their negotiations or legal strategies, I don't know.

If you look back at times when we encounter these crises, there's — there was in 2011, dramatic drop in consumer confidence. You could see interest rate spikes. And I guess I have still can't get past, what is going to happen? Are we not going to pay the military, we're not going to pay Social Security, we're going to add on top of already the financial stresses about bank capital, that the safest asset in the world, Treasuries, is going to somehow be questioned, the value of treasuries, that we — that we might default?

He's using the future to create news of today. Welcome to the new world of journalism.

SusanInFlorida · 31-35, F

@Graylight yeah i posted THE ENTIRE LINK. I'm not certain why you would cut and paste what was in the top post. Poor reading skills? Dyslexia? Too much free time? Abusive stalker?