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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (44623)8/2/2010 12:54:27 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
How about a "Greenspan"?


In an interview with NBC's "Meet the Press," former Federal Reserve Chairman Alan Greenspan said the federal government should simply allow the Bush tax cuts to expire.

"I'm very much in favor of tax cuts, but not with borrowed money," he said. "And the problem that we've come to in recent years is spending programs are funded with borrowed money, tax cuts with borrowed money. At the end of the day that proves disastrous."

When asked if he agrees with Republicans who say that tax cuts pay for themselves, Greenspan, who led the U.S. central bank for nearly 20 years, simply said: "They do not."

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