As the government’s red ink rises to historic levels, Democrats — and a few quiet Republicans — have become impatient with the man they say bears some responsibility for the burgeoning budget morass. In January 2001, as President Bush began his term after the disputed election and even allies were saying his proposed $1.6 trillion tax cut was too large, Greenspan unambiguously flashed a green light to Congress to push it through.
Now some members of Congress complain that the Fed chairman flashed no clear red lights as the country’s fiscal fortunes changed. Instead, they say, he has equivocated on further tax cuts. Greenspan’s stand is all the more striking, they say, because he has always loudly implored policymakers to fight deficits and prepare for the retirement of the Baby Boom generation.
“Frankly, for a guy who I basically think does a terrific job on balance, he’s walked away from his own long-term commitment to the kind of fiscal credibility, sanity, responsibility that he’s been one of the best advocates for,” said Sen. Jon S. Corzine (D-N.J.), a former chairman of Goldman Sachs & Co. “He needs to be more forceful, not necessarily in recommending what we need to do but that something needs to be done.”
http://www.msnbc.com/news/941445.asp?0cl=c3Jonathan Weisman, John M. Berry
THE WASHINGTON POST
You 2 Media Whores are sucking on Satan's horn! Bush and the GOP leadership are 100% responsible for this mess. Sure Democrats will take a shot at Greenspan but that's politics. Your job, when you not being a WHORE, is to report the truth to the American people of what really happened. Greenspan or anyone else who doesn't follow the Bush Reich is sent to Guantanamo Bay or they publicly crucified by you the American Media Whores. Jeffords, Powell, Dashles, Kennedy, Leahy, Bill Maher, Clintons...
You forgot to mention how good the Clinton/Greenspan team worked.
If I was close enough I'd slap you in the face!
TAKE BACK OUR COUNTRY from the WHORES!
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