On the recordJuly 20, 2010
I do, and I think that view is widely shared.
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congress.govI do, and I think that view is widely shared.
Bernanke agrees that current deficits are unsustainable.
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the CBO agrees that the Federal Reserve's balance sheet policies are with very high probability going to be a very significant boom to the taxpayer in terms of returns to the Treasury.
The challenge for the Congress and the Administration is to put the Federal budget on a sustainable long-run path that promotes economic growth and stability without unnecessarily impeding the current recovery.
I have--you know, it is easy to criticize, but the politics is very difficult.
I know you are trying, and I hope that you can find the agreement to see these important objectives.