Fed Chief: boomers could break us

A vicious cycle may develop in which large [budget] deficits lead to rapid growth in debt and interest payments, which in turn adds to subsequent deficits," Bernanke said in the prepared remarks. Bernanke told Congress that over time, the United States needed to move toward fiscal policies that were sustainable and that would promote more saving to support the Social Security retirement program without imposing undue costs on taxpayers. However, he offered no specific policy prescriptions. "Bernanke Renews Warning On Baby Boomers" CNN