Ben Bernanke actually said...

Nobody doubts the United States has the economic capacity to pay its bills. It is really a question of do we have the political will to do that.

Bernanke emphasizes the need for political will to manage fiscal imbalances.

01/06/2011

More Ben Bernanke Quotes

If Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable bal...

I am very angry about the situation. I am sorry that there were these gaps in regulation and in the financial resolution regime.

I think that confidence in financial engineering has gone down quite a bit, and we need to be very careful.

I think it is an enormous problem. I think we have learned it is a bigger problem than we thought it was.