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02/16/2004 Entry: "Earth to Greenspan"

"His (Greenspan's) position on the budget controls, termed pay-as-you-go rules, was a break with the Bush administration, which has proposed applying the rules to proposed changes in mandatory spending, but not to any proposed changes in taxes. That way, they would not endanger the president's proposal to make his tax cuts permanent, which is his top economic policy priority this election year.

"However, Greenspan also reiterated his support for making the tax cuts permanent and his preference for balancing the budget 'primarily, if not wholly' by restraining spending growth before considering tax increases."
Greenspan: Revive Spending Controls. Fed Chief Warns of Deficit Growth, by Nell Henderson, Washington Post, February 13, 2004

Mrs. Greenspan must handle the family finances because Alan obviously doesn't have a clue. Like someone else I despise, he has a very dangerous job for a man without a clue.

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