On the recordMay 4, 2009
If you want to increase spending, then you have to be willing to accept the tax increases and the consequences that that may have for growth and efficiency.
Source
congress.govIf you want to increase spending, then you have to be willing to accept the tax increases and the consequences that that may have for growth and efficiency.
Bernanke emphasizes the need for consistency in spending and tax policies.
Share
More from Ben Bernanke
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.