Far from overstepping his boundaries, Wednesday's budget deficit warning by Ben Bernanke has for...

|By:, SA News Editor

Far from overstepping his boundaries, Wednesday's budget deficit warning by Ben Bernanke has for all intents solidified his re-election come January. Here's why: "If you buy the theory of bond vigilantism - that credit markets will force interest rates higher in reaction to unsustainable national budget deficits - then you also have believe the White House needs to raise taxes sharply to pay for all its spending programs or risk a bond revolt."