The US economy may be on the rise from the economic recessions that it has been grappling with, but Ben Bernanke economic views indicates that not every body thinks so. Ben Bernanke is the Federal Reserve chairman who said that Americans would still have to pay more in terms of taxes even when the economy is said to be coming out of the worst of the recession effects. He said that the only way for the country to be rid of the deficit that it is still facing the taxpayers have to pay even more taxes.
Ben Bernanke economic views state that Americans will have to step up to the plate and pay more taxes in Medicare and Social Security. He said that it was only way that they could ensure they have financial stability as well as growth in the economy. Even though he never gave any specific way that the country could help itself, he had views on the economy that would be affected if nothing was done fast.
Medicare and social securities are the most fundamental things that the government is trying so hard to fund, even though it is still having problems doing so. One of the views that that Federal Reserve chairman said was that every citizen was to spend less on such issues and education and defense so that they could try to pay more taxes on the Medicare and social security. He also offered that may be a combination of the two could also work.
He is quoted as saying that it would be possible to revive the economy if the government developed a good plan that would see to the reduction of the deficits that have accrued in the long-term. He believed that this was the only way to attract investors who would lend the government money at low rates.