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Greenspan: Country can't afford McCain's tax cuts

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margotb822 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 03:45 PM
Original message
Greenspan: Country can't afford McCain's tax cuts
Hahaha, McCain can't even get Greenie to sign on to his plan (or at least keep quiet about it)!


WASHINGTON - Alan Greenspan says the country can't afford tax cuts of the magnitude proposed by Republican presidential contender John McCain — at least not without a corresponding reduction in government spending.


"Unless we cut spending, no," the former Federal Reserve chairman said Friday when asked McCain's proposed tax cuts, pegged in some estimates at $3.3 trillion.

"I'm not in favor of financing tax cuts with borrowed money," Greenspan said during an interview with Bloomberg Television. "I always have tied tax cuts to spending."

more: http://news.yahoo.com/s/ap/20080913/ap_on_el_pr/mccain
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 03:46 PM
Response to Original message
1. K & R!
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margotb822 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 03:49 PM
Response to Reply #1
3. I guess he just hasn't read Greenspan's book yet
But we know he has it!!
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 03:52 PM
Response to Reply #3
4. Who said McCain can read?
:evilgrin:
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 03:49 PM
Response to Original message
2. NOW I get it!
The old fart just recently rechecked his figures and freaked out. He told Andrea that we were in a "nearly off the cliff" situation shortly before the Dem Convention..

Her work has been a bit more "reality based" since then.
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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:45 PM
Response to Reply #2
16. bingo u called it
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budkin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:00 PM
Response to Original message
5. Holy crap... GREENSPAN??
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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:02 PM
Response to Original message
6. andrea mitchell better rev up
reporting only the facts then!
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justiceischeap Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:03 PM
Response to Original message
7. Don't forget to recommend this story! (eom)
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:03 PM
Response to Original message
8. Kick!
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:13 PM
Response to Original message
9. wow. everyone is against McCain today..
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freespirit5 Donating Member (64 posts) Send PM | Profile | Ignore Sat Sep-13-08 04:34 PM
Response to Original message
10. Cut taxes? Absurd !
We are in debt up to our ears !
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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:38 PM
Response to Original message
11. It's a set-up so McCain can say he will cut wasteful govt spending.

Greenspan is a lying schmuck.
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BumRushDaShow Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:42 PM
Response to Reply #11
13. Exactly.
It was Greenspan's near-0% interest-rate policies for banks to borrow $$$ that fueled the current collapse of the world economy.
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ChimpersMcSmirkers Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:44 PM
Response to Reply #11
15. Greensuck is the suck, no doubt, but this could help because the average
low-info voter only knows that Greensuck is some kind of important economy dude.
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d.amber Donating Member (126 posts) Send PM | Profile | Ignore Sat Sep-13-08 04:39 PM
Response to Original message
12. kick
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Cosmic Charlie Donating Member (684 posts) Send PM | Profile | Ignore Sat Sep-13-08 04:44 PM
Response to Original message
14. that's hittin em where they breath, Greenie!
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 04:46 PM
Response to Original message
17. No wonder Andrea Mitchell turned on McCain
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margotb822 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-13-08 06:20 PM
Response to Original message
18. And here's Meg Whitman saying McCain's tax cuts aren't tied to spending
http://thinkprogress.org/2008/07/07/whitman-v-whitman/

sheesh!
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