Ben Bernanke actually said...

the long-term imbalances are not just a long-term risk. They are a near and present danger.

Bernanke emphasizes the immediate risks of long-term fiscal imbalances.

02/28/2011

More Ben Bernanke Quotes

I think if there is a single episode in this entire 18 months that has made me more angry, I cannot think of one than AIG.

If we do not get a sustainable fiscal situation and deficits continue in large amounts for a long period, then it will become more difficult...

I believe that it is more pro-growth to start cleaning out the Tax Code, to go and clean out some of those loopholes.

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