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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (305707)4/22/2005 8:49:51 AM
From: MythMan   of 436258
 
>>Senator Paul S. Sarbanes, Democrat of Maryland, criticized the Fed chairman as "taking the lid off the punch bowl" by strongly supporting tax cuts in 2001.

Mr. Greenspan admitted that he and most other forecasters had been wrong to expect budget surpluses, which disappeared the next year.

But he said it was unfair to accuse him of complicity in the deficits, because he had also pleaded unsuccessfully for "triggers," or mechanisms that would require policy changes if expected tax revenues failed to materialize.<<

LOL
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