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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (680421)4/25/2005 10:52:17 AM
From: DizzyG   of 769670
 
Nice spin, Kenneth. The article tells a different story...

"I don't doubt, at the end of the day," that tax increases will be part of any final deficit-reduction solution, Greenspan said, although he was quick to add that he believes raising taxes also restrains economic growth.

There is "no way you can raise tax rates enough" to cover future spending commitments, he said.

Greenspan has always said that he would prefer that the deficit be shrunk as much as possible through spending cuts before tax increases are contemplated.

sfgate.com

Diz-
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