Bernanke urges caution in sharp deficit cutting

Yahoo Finance ^ | Feb 2, 2012 | Martin Crutsinger

[yinandyang]

-snip- Bernanke told the House Budget Committee that he recognizes that huge budget deficits represent a serious threat to the economy

-snip- "I think this policy runs the great risk of fueling asset bubbles, destabilizing prices and eventually eroding the value of the dollar," Ryan told Bernanke. "The prospect of all three is adding to uncertainty and holding our economy back."

[yinandyang]

Me thinks Ryan has a better understanding of the economy that Helicopter Ben

[yinandyang]

Typo - should read “than helicopter Ben” not “that helicopter Ben”

[capydick]

The Federal Reserve chairman is testifying a week after the Fed signaled that a full recovery could take at least three more years

How convenient for Helicopter Ben. How much you wanna bet that becomes one of the talking points for the Kenyan?

"According to the independent Federal Reserve, it will take three more years to dig out of this hole that the Bush administration put us in - the country and, this administration, requires another term in office to fully realize the economic turn around that my policies will create."

[packrat35]

Yea, because spending far more than you have at a fast rate is much better economic policy...

[Graewoulf]

Looks like Bernanke wants to keep on spending more than what the Federal income was last year. He must be a Princeton Socialist - - - .