Bernanke wants higher taxes

http://www.washingtonpost.com/wp-dyn/content/article/2010/04/07/AR2010040703116.html

Federal Reserve Chairman Ben S. Bernanke warned Wednesday that Americans may have to accept higher taxes or changes in cherished entitlements such as Medicare and Social Security if the nation is to avoid staggering budget deficits that threaten to choke off economic growth.

"These choices are difficult, and it always seems easier to put them off — until the day they cannot be put off anymore," Bernanke said in a speech. "But unless we as a nation demonstrate a strong commitment to fiscal responsibility, in the longer run we will have neither financial stability nor healthy economic growth."

His primary responsibility in life is to make sure that the United States continues to pay interest on its debt. He and his banking cabal will be cheerleaders for higher taxes as long as the interest payments keep rolling in.