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Politics : PRESIDENT GEORGE W. BUSH
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To: aknahow who wrote (123659)1/26/2001 9:19:14 AM
From: TigerPaw  Read Replies (2) of 769670
 
Alan Greenspan, what do you think of his apparent agreement on tax cuts?
This is not really any change from his previous positions. He only said that Clinton left the economy in good enough shape that the debt could be payed down even if there were reduced revenues or increased spending. His position that a tax cut is better than increased spending is unchanged. His position that paying the debt is the best use of govt revenue is unchanged. Any first year accountant can tell you that so long as revenues do not diminish below current expense + interest paymets then debts will eventually be payed off. Al just says it all in a non-confrontational way.
TP
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