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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (16751)5/12/2005 12:24:41 AM
From: CalculatedRisk  Respond to of 361390
 
Actually, Greenspan now claims that he DID object to the tax cuts if they led to deficits. He argued for "triggers" that removed the tax cuts if the surpluses disappeared.

That is his current position. I think he is doing a little CYA, but if you read his testimony in 2001, he did argue for triggers:
federalreserve.gov



To: DavesM who wrote (16751)5/12/2005 2:57:34 AM
From: Raymond Duray  Read Replies (1) | Respond to of 361390
 
Re: The interest rate on Government Bonds went NEGATIVE (as in a negative interest rate) at one point - during the Great Depression.

You've forgotten the real negative returns on U.S. Treasuries in the inflation of the late 1970s and early 1980s. Many, many "grandma Millies" took a huge bath on that episode.


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