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(CNSNews.com) – Federal Reserve Chairman Ben Bernanke told the Senate Budget Committee that the country still had “a long way to go” before the jobs market fully recovers.
Bernanke, in prepared remarks delivered at a Senate Budget Committee hearing Tuesday, said that the results of massive long-term unemployment and a sluggish recovery were a jobs market that would take a long time to recover fully.
see the link for some video of this madness.
(CNSNews.com) – Federal Reserve Chairman Ben Bernanke said that the current trajectory of the federal budget – marked by large annual deficits – was “clearly unsustainable” and that “serious economic consequences” could result.
“Having a large and increasing level of government debt relative to national income runs the risk of serious economic consequences,” Bernanke told the Senate Budget Committee Tuesday.