Political Quotes

On the recordJuly 20, 2011
So this is a matter of arithmetic. Fairly soon after that date there would have to be significant cuts in Social Security, Medicare, military pay, or some combination of those in order to avoid borrowing more money.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Ben Bernanke warns of the consequences of failing to raise the debt ceiling, emphasizing the need for significant cuts.

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