Saturday, September 13, 2008

Greenspan Pops Off About McCain Tax Cuts

I think Greenspan should keep his trap shut after nearly ruining the current economy with his cheap credit when he was FED chairman. Now he is injecting himself into this campaign where two Presidential candidates are essentially trying to clean up the credit mess that he caused.
At least the McCain camp is saying they won't be borrowing money to pay for these tax cuts.

"John McCain opposed President Bush's tax cuts in 2003, because they didn't include the necessary spending controls. Sen. McCain's proposed job-growing tax cuts are modest in comparison to his plans to slow the exploding growth of federal expenditures — meaning that contrary to Chairman Greenspan's assertions, this relief isn't proposed on borrowed money," said McCain spokesman Tucker Bounds.

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