Bernanke says deficit is the price of growth

From Ft.com

Swelling fiscal deficits are a necessary evil in the short term as the price of boosting economic growth, Ben Bernanke said on Tuesday.

"Of course, all else equal, this is a development that all of us would have preferred to avoid," he said. "But our economy and financial markets face extraordinary challenges, and a failure by policymakers to address these challenges in a timely way would likely be more costly in the end."