Bernanke is a Deficit Hawk

Hawk

Washington Times - Federal Reserve Chairman Ben S. Bernanke on Friday urged Congress to act to bring down trillion-dollar deficits that he warned threaten the nation's economic future. He said that sweeping plans offered last month by President Obama's deficit commission and other bipartisan groups offered "useful starting points for a much-needed national conversation about our medium- and long-term fiscal situation." Those plans included cuts in nearly every part of government, from defense and Social Security to veterans benefits and Medicare. And several also called for raising revenues by curbing cherished tax breaks such as the mortgage-interest deduction or through a national consumption tax. Read full story here:

Bernanke is a Deficit Hawk