The Corner

Bernanke Backs ‘Cut and Grow’

Testifying before the House Budget Committee today, Federal Reserve Chairman Ben Bernanke acknowledged that — contrary to most Democratic claims — bringing spending levels down and getting federal finances under control is one of the best ways for congress to promote economic growth in the short term:

Ryan: “Just to summarize, you do believe that one of the best things we can do for short-term economic growth is to put out a plan that actually stabilizes our fiscal picture, that actually gets our liabilities under control, and shows, with confidence, that we have the right trajectory because we’ve addressed the programs — which are spending programs — that are getting us out of control. Is that the case?”

Bernanke: “That’s correct.”

Andrew StilesAndrew Stiles is a political reporter for National Review Online. He previously worked at the Washington Free Beacon, and was an intern at The Hill newspaper. Stiles is a 2009 ...

Most Popular

White House

Trump’s Disgraceful Endgame

President Trump said the other day that he’d leave office if he loses the vote of the Electoral College on December 14. This is not the kind of assurance presidents of the United States typically need to make, but it was noteworthy given Trump’s disgraceful conduct since losing his bid for reelection to ... Read More
White House

Trump’s Disgraceful Endgame

President Trump said the other day that he’d leave office if he loses the vote of the Electoral College on December 14. This is not the kind of assurance presidents of the United States typically need to make, but it was noteworthy given Trump’s disgraceful conduct since losing his bid for reelection to ... Read More
Elections

The Stolen-Election Narrative Needs to End

Happy Cyber Monday! On the menu today: The president speculates that the U.S. Department of Justice and FBI may be involved in the effort to steal the election from him; China hopes that you and the rest of the world forget how the pandemic started; and the 2020 edition of the annual NR Cyber Monday shopping ... Read More
Elections

The Stolen-Election Narrative Needs to End

Happy Cyber Monday! On the menu today: The president speculates that the U.S. Department of Justice and FBI may be involved in the effort to steal the election from him; China hopes that you and the rest of the world forget how the pandemic started; and the 2020 edition of the annual NR Cyber Monday shopping ... Read More
White House

A Justified Pardon

President Trump’s pardon of retired General Michael Flynn, who fleetingly served as his first national-security adviser, was a justified act of clemency. You don’t have to be a fan of how Trump has wielded his pardon power (often recklessly and on behalf of friends and supporters) or believe that Flynn was ... Read More
White House

A Justified Pardon

President Trump’s pardon of retired General Michael Flynn, who fleetingly served as his first national-security adviser, was a justified act of clemency. You don’t have to be a fan of how Trump has wielded his pardon power (often recklessly and on behalf of friends and supporters) or believe that Flynn was ... Read More