Bernanke Warns On Deficits

Fed Chair Ben Bernanke is sounding the alarum about the growing menace of budget deficits (and long term debt) to the US economy.

I'm glad he's doing it. Some think the Fed Chair should stay out of "political matters" (like raising taxes, cutting spending, etc)--but the more I hear Alan Greenspan pilloried for his tenure, the more I feel that the Fed Chair has become the uber-meister of the US economy as a whole--and as such, he should sound off when he feels we're headed in a bad direction.