Saturday, September 25, 2010
Two points of interest
The first is that Al Greenspan seems to be on a crusade to stop the extension of the Bush tax cuts. Here he is speaking out again on PBS.
It’s more important for the U.S. to cut its budget deficit than to extend tax cuts currently set to expire at the end of this year, former Federal Reserve Governor Alan Greenspan said in an interview on PBS.And the second point is that since leaving office, he has given up speaking in warrglbarrgl and has returned to using the English language. I don't know if this makes him more serious or not.
“The budget deficit problem, I believe, is far more dangerous than most of us contemplate on a day-to-day basis,” Greenspan said in an interview to air on PBS television’s “Newshour.” While low interest rates have made it easy for the government to sell bonds, “assuredly they’re not going to stay here.”
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