Greenspan says it, he must mean it

According to the AP, former secretary of the treasury Alan Greenspan said, the United States cannot sustain spending offsets and more importantly tax cuts that McCain plans to continue.

According to the story, Greenspan responded to a question regarding the tax cuts and whether the United States can sustain itself if they continue:

"Unless we cut spending, no," Greenspan said Friday when asked about the proposed tax cuts, estimated 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."

Read the entire story above.


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