This page was sent to you by: [EMAIL PROTECTED] Al and/or others may have objected to my reply of August 14, reproduced below, but Allan Greenspan blames Bush, Cheney and the Republican Congress for abandoning fiscal restraint. Click the New York Times article link for the article in today's paper. Please explain which tax cuts that came into effect in 2006 or 2007 account for the decrease in the federal budget deficit and the 7 percent increase in revenues. Also, what is so laudable about a 10 month budget deficit of $150 billion, other than its being $81 billion less than the budget deficit in the similar period of 2006? Could it be that the difference is that the democrats marginally control Congress in calendar year 2007, rather than that there has been a change in the tax rates? Or could it just be that revenues tend to go up when the economy is in a growth cycle? May I also remind you that the last time there was no budget deficit, or there was a modest surplus, was when Clinton was President? Last, I will remind ev! eryone that the budget deficit is a fiscal year thing. The national debt, on the other hand is a cumulative burden, and the Bush administration and Republican Congresses have ballooned that national debt in 6 years of political control in Washington. Elliot On 14 Aug 2007, at 6:23 PM, [EMAIL PROTECTED] wrote: In a message dated 8/14/2007 6:01:03 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: Our city's government with inept strategic planning pushes the city towards further strat
BUSINESS | September 15, 2007 Fed's Ex-Chief Attacks Bush on Fiscal Role By EDMUND L. ANDREWS and DAVID E. SANGER In his long-awaited memoir, Alan Greenspan is harshly critical of Republicans for abandoning their principles on spending and deficits. http://www.nytimes.com/2007/09/15/business/15greenspan.html?ex=1190520000&en=f6bf0a626ad66aef&ei=5070&emc=eta1 ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to [EMAIL PROTECTED] NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company
