Ben Bernanke: “Congress is in charge here, not the Federal Reserve.”

Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.

undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation

You have to have long-term structural changes in the entitlement programs.

Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…