Barnanke Warns Against Obama Deficits

Ben Bernanke, the last serious adult in Washington on economic matters, warned Obama and the Congress against their proposed deficits.

Bernanke cautioned: "Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth."

This was just two days after Tim Geithner was laughed at by his Chinese audience after he said the U.S. treasury bonds were a safe investment.