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Greenspan: Let Bush Tax Cuts Expire
Topic Started: Jul 16 2010, 03:32 PM (141 Views)
jon-nyc
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Cheers
ht Quirt.

http://money.cnn.com/2010/07/16/news/economy/greenspan_bush_tax_cuts/index.htm

Quote:
 
Greenspan, who backed the tax cuts when they were enacted, told Woodruff that allowing the cuts to lapse "probably will" slow growth, but that the risk posed by doing nothing about the deficit is greater.

"I think we misunderstand the momentum of this deficit going forward," the former Fed chairman said in the interview.
In my defense, I was left unsupervised.
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Mikhailoh
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If you want trouble, find yourself a redhead
Actually, as I recall he had great reservations about the cuts at the time.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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ivorythumper
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I am so adjective that I verb nouns!
""I think we misunderstand the momentum of this deficit going forward," the former Fed chairman said in the interview."

As in, no one ever thought to reduce spending? FFS.
The dogma lives loudly within me.
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Mark
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HOLY CARP!!!
Oh! We can't possibly do that IT!

The earth might stop revolving if our government is not in a perpetual state of growth!
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o 0
When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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