Jul 14, 2011

Alan Greenspan on the Bush tax cuts

I was in favor of the Bush tax cuts. on the grounds that it was the dissipation of a surplus. As soon as it became obvious that the surplus disappeared, I no longer supported that. My view about taxes is I would like them as low as possible but not with borrowed money.

~Alan Greenspan, former chairman, Federal Reserve, CNBC interview, June 30, 2011

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