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NOTE: The opinions expressed by our individual bloggers are their own, and not necessarily those of Young Democrats of Atlanta.

Friday, March 04, 2005

Deficits and Deceit
The New York Times > Opinion > Op-Ed Columnist: Deficits and Deceit: "Four years ago, Alan Greenspan urged Congress to cut taxes, asserting that the federal government was in imminent danger of paying off too much debt.

On Wednesday the Fed chairman warned Congress of the opposite fiscal danger: he asserted that there would be large budget deficits for the foreseeable future, leading to an unsustainable rise in federal debt. But he counseled against reversing the tax cuts, calling instead for cuts in Social Security, Medicare and Medicaid.

Does anyone still take Mr. Greenspan's pose as a nonpartisan font of wisdom seriously?"
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posted by Richard Campbell at 3/04/2005 09:03:00 AM

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