Despite the sharp cuts, Mr Ryan estimates the proposal increases spending by 3.4% instead of the 5% currently projected.

BBC: Paul Ryan unveils House Republican budget

After giving his usual description of the economic outlook (inflation has remained moderate, unemployment is high, Fed will do whatever it can to keep the modest recovery on track), Bernanke faced the sharp tongue of Paul Ryan, Chairman of the House Budget Committee.

FORBES: Paul Ryan Bashes Bernanke For Killing Savings, Distorting Markets

Ryan Magnussen is an expert purveyor of the short, sharp thrill.

FORBES: Attention Deficit Television