Alan Greenspan: Shill
Cut a $450b deficit through spending cuts? Who's he kidding?"Addressing the government's own imbalances will require scrutiny of both spending and taxes. However, tax increases of sufficient dimension to deal with our looming fiscal problems arguably pose significant risks to economic growth and the revenue base"
Tax increases 'of sufficient dimension to deal with the fiscal problems' would be essentially exactly what taxes have been cut in the last four years. Surely he's not suggesting that our economy didn't grow during the '90's? Taxation at that level was proven consistent with robust growth. Taxation at our current level, combined with spending $646 billion on a war of choice, has been proven to be inconsistent with that level of growth.
How he retains any credibility is a mystery to me.
posted by Lumberjack @ 8:20 AM
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