Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on September 13, 2008, 10:06:31 PM

Title: Greenspan: Country can't afford McCain's tax cuts
Post by: 240 is Back on September 13, 2008, 10:06:31 PM

Source: Associated Press via Yahoo! News

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."

Title: Re: Greenspan: Country can't afford McCain's tax cuts
Post by: w8tlftr on September 13, 2008, 10:08:35 PM

He's right.

We need to do BOTH.

Title: Re: Greenspan: Country can't afford McCain's tax cuts
Post by: Dos Equis on September 13, 2008, 10:19:42 PM

Quote from: w8tlftr on September 13, 2008, 10:08:35 PM

He's right.

We need to do BOTH.

Yep.