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Greenspan - Debt solution too late, Ryan Plan OK

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Sep 14, 2011.

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  1. mrskeet410

    mrskeet410 TS Member

    Joined:
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    "Former Federal Reserve Chairman Alan Greenspan says there is no credible way to control the government's debt without inflicting pain on the economy.
    Article continues below

    Greenspan is telling members of a Senate Finance Committee Tuesday that the country has waited too long to address the problem.

    In prepared remarks, he says an overhaul of the tax code must be part of any effort to solve the country's budget problem.

    Greenspan expressed support for a deficit-cutting plan written earlier this year by House Budget Committee Chairman Paul Ryan, R-Wis., which Democrats have attacked for revamping the Medicare health care program for seniors..."

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    Read the whole article at the link, cut-and-paste

    http://www.newser.com/article/d9pnq88o2/greenspan-to-congress-debt-fix-will-be-painful-tax-code-overhaul-must-be-part-of-any-plan.html
     
  2. blade819

    blade819 Well-Known Member

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    I'll believe him alright! He helped get us into this mess while under GW.

    blade819
     
  3. tj303

    tj303 Member

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    Greenspan helped keep the economy over heated with loose monetary policy. The more you artificially pump up the economy the bigger the the crash. Thanks Al.
     
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