In a Master of the Obvious moment, the Federal Reserve Chairman Ben Bernanke is now telling the President’s debt commission that we need to close our “unsustainable fiscal gap” and that, “The path forward contains many difficult tradeoffs and choices, but postponing those choices and failing to put the nation’s finances on a sustainable long-run trajectory would ultimately do great damage to our economy,”.
You don’t say? Where was this guy when we were passing Obamacare that we now know will only increase our current deficit?
Perhaps we could start by repealing that?
Where was he when we were passing the stimulus bill that we now know did nothing but substantially increase our debt?
Bernanke is of course right about how the current congress and administration are bankrupting our country, he is just a little late to make a significant difference.