Former Federal Reserve Chairman Ben Bernanke on Monday gave a word of advice to lawmakers who might try to reduce the U.S. deficit through deep cuts to the defense budget: Don’t."I think it was wrong, it was a mistake that during sequestration ... there were these steps taken to correct the deficit in the very short run that probably had long run costs in terms of preparedness, in terms of canceling systems," he said during an event at the Brookings…
