The key excerpts of the text from the report:
WASHINGTON -- Just as huge government debts have already wrecked countries throughout Europe, the Federal Reserve warned that the nation's mounting federal debt is a threat to America's economy.
In testimony on Capitol Hill Wednesday, Federal Reserve Chairman Ben Bernanke said the United States has to do something to get its deficits under control.
While Bernanke expressed the belief the economy "appears to be back on track," he cautioned it'll be difficult to get the rising federal debt under control.
"The federal budget appears to be on an unsustainable path," the Fed chief said.
He called on lawmakers to come up with a plan to reduce the federal deficit.
The national debt currently stands at a massive $13 trillion. Five years from now, it's expected to grow just shy of $20 trillion, according to the Treasury Department.
Budget hawks have been worried the U.S. is headed down the same financial path as Europe, which is roiled by debt crises across the continent.
From Bin Laden: Goal is to bankrupt U.S., dated November 2, 2004:
(CNN) -- The Arabic-language network Al-Jazeera released a full transcript Monday of the most recent videotape from Osama bin Laden in which the head of al Qaeda said his group's goal is to force America into bankruptcy.
Al-Jazeera aired portions of the videotape Friday but released the full transcript of the entire tape on its Web site Monday.
"We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah," bin Laden said in the transcript.
Well, guess what!
Sheikh bin Laden is winning!!
Now, let me ask some questions.
Who funds the radicalization of the world's mosques, the construction of new mosques, and the Wahabbi propaganda to be found in them?
Who has established special training programs in Medina for the world's Muslims to study and become firebrand jihadist mullahs, who are then returned to the infidel "house of war" from which they came to work towards the submission of infidels under the new Caliphate?
Who is really behind all the terrorism, inciting all the jihad that we infidels are dealing with?
Is it not the Kingdom of Saudi Arabia?
And, since Saudi Arabia is far from being a free country... I mean, Christians can't preach there, Jews can't preach there; you can only preach there if you have the permission of the Saudi government... can we not then jump to the conclusion that all this hatred and jihad would not be getting spewed at us if it weren't for the active collaboration of the Saudi government? The Saudi government doesn't just permit these jihadist preachers to spew their venom at the "house of war", the Saudi government funds it!
Ready for the punchline?
Why is Sheikh bin Laden really mad at us? Because we are infidels? Because of Israel?
From Bin Laden's Target: U.S. Wallet, November 2, 2004:
"From the very beginning of his terror campaign, bin Laden's fight was with the Saudi rulers of the Arabian Peninsula," [CBS News Consultant Fouad] Ajami wrote in The Wall Street Journal. "America was to pay for its protection of the House of Saud. The causes bin Laden picked up along the way — the cause of Iraq, the call of Palestine — were always incidental to him, weapons of convenience."
I have an idea.
Why don't we switch sides?
Let's team up with Al Qaeda and destroy the Saudi government!
We can always go back and finish our fight with Al Qaeda later on... ;)