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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (488106)	11/6/2003 10:47:37 AM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

Federal Reserve Chairman Alan Greenspan delivered an upbeat assessment of economic prospects, saying Thursday the odds "increasingly favor" a revival in job growth. However, he also warned about long-term threats posed by the soaring federal budget deficit. If that red-ink problem is not brought under control by the time Baby Boomers start retiring, it could have "notable, destabilizing effects" on future growth prospects, he said. In the debate over how to fix the deficit problem, Greenspan sided with President Bush and the Republicans, who argue that government spending should be cut to deal with the deficit rather than raising taxes. On the economy, Greenspan cited a number of favorable recent developments pointing to stronger economic growth and said that even the job market, which has continued to shed jobs this year, seems to be finally turning around. nytimes.com