Friday, July 16, 2010

Greenspan Says Let The Tax Cuts Expire

Alan Greenspan, that formerly-popular, now-despised Master of the Universe, whose willful blindness to the approaching crash of 2008 makes one so enraged that I want to use his mouth to plug the BP oil well - said what?:
July 16 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan, whose backing of George W. Bush’s 2001 tax cuts helped persuade Congress to pass them, said lawmakers should allow the reductions to expire at the end of this year.

“They should follow the law and let them lapse,” Greenspan said in an interview on Bloomberg Television’s “Conversations with Judy Woodruff,” citing a need for the tax revenue to reduce the federal budget deficit.

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