Greenspan right about tax-rates

[Dot Com]

He was 'spot-on' the other day:
Greenspan Says U.S. Should Let Bush-Era Tax Cuts Expire - Bloomberg

Former Federal Reserve Chairman Alan Greenspan said tax cuts put in place by former U.S. President George W. Bush should be allowed to expire and the U.S. should return to tax rates that were in effect under former President Bill Clinton to help address the budget deficit.

We should “allow the Bush tax cuts to expire,” Greenspan said on NBC’s “Meet the Press” today, calling the economic crisis “imminent and dire.” We should “put the rates back to where they were during the Clinton administration,” he said.

 

[Trajan]

I see, so NOW hes an authority ( again)...

 

[JimH52]

I was going to post this, but glad that I found yours. The guy knows what he is talking about. But the naysayers on the board will tell us he is a old fool. They will still be saying that when we are paying over 50% of each dollar to service our debt. Anything for the wealthy! A long as they get their tax break.

 

[Dont Taz Me Bro]

Alan Greenspan is one of the reasons why our economy is in the shitter right now.

 

[Trajan]

Alan Greenspan is one of the reasons why our economy is in the shitter right now.

they forgot because well, hes on their side now...

 

[JimH52]

Alan Greenspan is one of the reasons why our economy is in the shitter right now.

So lets' ignore him...?

I can only hope the bipartisan Gang of 6 will come up with a plan that will work. There is too much partisan bickering on both the left and the right for a real solution to come about.

Now, go ahead and Hack that.