Ben Bernanke actually said...

As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.

Bernanke critiques short-term fiscal policies and suggests a focus on long-term sustainability.

07/16/2013

More Ben Bernanke Quotes

We do have to live within our means.

We have to have a budget that will be reasonably in balance.

We do not want banks making bad loans. That is how we got in trouble in the first place.

Absent any action, the debt-to-GDP ratio is going to be not only rising but rising at an increasing pace.