Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (67194)	3/5/2005 10:24:27 AM
From: Amy J	Read Replies (1) \| Respond to of 77400

Lizzie, here's why the economy is so-so: "It's the principle that I think is involved here, namely that you cannot continuously introduce legislation which tends to expand the budget deficit," Mr. Greenspan said. The Fed chairman's tone, as he addressed the House Budget Committee on Wednesday, was noticeably more urgent than it was last year or even in Congressional hearings just a few weeks ago. "When you begin to do the arithmetic of what the rising debt level implied by the deficits tells you, and you add interest costs to that ever-rising debt, at ever-higher interest rates, the system becomes fiscally destabilizing," he told lawmakers. "Unless we do something to ameliorate it in a very significant manner," he added, "we will be in a state of stagnation." Message 21098152 Let's see if Bush listens to Greenspan's advice. Glad to see Greenspan finally getting tough. Regards, Amy J