Thinkprogress:
On Bloomberg Television this weekend, former Federal Reserve Chairman Alan Greenspan told host Al Hunt that the country can’t afford John McCain’s massive $3.3 trillion tax cuts without corresponding spending reductions:
On Bloomberg Television this weekend, former Federal Reserve Chairman Alan Greenspan told host Al Hunt that the country can’t afford John McCain’s massive $3.3 trillion tax cuts without corresponding spending reductions:
HUNT: John McCain’s proposed $3.3 trillion of tax cuts in two terms. Can the nation afford tax cuts of that magnitude?
GREENSPAN: Unless we cut spending, no. … I’m not in favor of financing tax cuts with borrowed money.
1 comment:
When Greenspan talks, people should listen, if this isn't the best ad against voting for McCain I don't know what else is.
With the biggest Mortgage brokers, banks in trouble.........wow, and with all the liabilities they are incurring for foreclosures (absolutly mind boggling liabilities) no wonder they are in trouble...............
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