Friday, April 22, 2005
untitled
Reading this article today made me go "no shit, Alan!" Remember when he warned that too much of a surplus was a bad thing? Yeah, now look at his tune the other direction. Harry Reid was right. Greenspan is a fucking hack if ever there was one. "Booga booga the economy can only be foretold by my mysterious divinations! Which may or may not be sensical at any given time!"
Federal Reserve Chairman Alan Greenspan warned congress that the U.S. budget deficits are a threat to the long-term economic health of the country.
{SNIP}Although Mr. Greenspan in 2001 approved the tax cuts that helped take the federal budget from a surplus to its current deficit, he has increasingly pointed to the dangers of the shortfall, saying it can lead to higher interest rates as the government's revenues fall. Congress has nonetheless expanded its spending."
A good article overall, though.
¶ 8:06 AM
