"Greenspan again recommended that U.S. policymakers try to cut the record federal budget deficit, which would reduce the government's borrowing needs and effectively increase national saving.
Additionally, he said, 'finding policies that would elevate the personal saving rate from its current extraordinarily low level . . . would also be helpful,' he said."
He can't seem to say anything about taxes... 4 years of complete silence on the subject. In response to a question about "let them eat cake", Alan could only say "I really wish I had said that!"
Saturday, November 20, 2004
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