Alan Greenspan is hurting America. He is the most listened to, most quoted, most powerful economic voice in this country and he is absolutely awful. He's a partisan hack with one of the worst track records over the last 10 years as any Fed Chairman ever.
Alan, do us all a favor, and RETIRE. Now.
Today, Alan was addressing the Senate and telling everyone that our federal budget deficits were on an unsustainable path. Yes, that's true. But just why in gods's name did it take him so long to figure out. And, better question, why is he absolutely unable to admit that the reason for the deficits are the Bush tax cuts?
I mean, my god, I could ask anybody walking down the street why we have budget deficits, and 90% would answer "because of the tax cuts?".
Yet Alan can't admit that, and worse than that, he now says that he didn't endorse the tax cuts.
Time for a little history lesson, Alan?
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