Ben Bernanke actually said...

I do very much urge this committee to look for strong and credible actions to control the Federal debt.

We do have a plan, and like--I have tremendous respect for Chairman Volcker.

I do think that an important priority for us as a country and for the Congress from a fiscal point of view is to think about what we can do ...

monetary policy independence is very important for the stability of our economy and our financial markets.