"Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.
Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them."
You can read more at the link below:
http://www.cnbc.com/id/41491193/Bernanke_to_Congress_We_re_Much_Closer_to_Total_Destruction_Than_You_Think
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