BEN BERNANKE: “Of course” Congress could cut spending. “The real story of the deficit is that the budget has grown by almost double in the space of 10 years, from $2 trillion in FY2000 to almost $4 trillion today despite inflation being practically nonexistent the entire time. We’re not in deficits because the American taxpayer doesn’t shove enough money into Washington’s Leviathan maw; we’re in deficit because Washington can’t stop spending more and more money.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.