Why? You think the movie will end differently this time? As much as I don't really care for Greenspan, do you actually think you know more than he does about whether tax cuts pay for themselves? Did you listen to his answer to the direct question in the video? QUESTION: You don't agree with Republican leaders who say tax cuts pay for themselves? ANSWER: They do not. Was that not clear enough for you? What special information or knowledge do you have that he does not have access to? Please advise. You will recall, of course, that Reagan himself nominated Greenspan as Fed chairman.
is this not clear enough for you... http://www.princeton.edu/~pkrugman/reaganrevenue.png you see recession, tax cuts... then revenue increasing. you think Boehner is not some neocon big govt sellout?
You poor bastard. We have a dumb ass liberal in power who inherited a deficit and thought it better to make the deficit even larger. Go figure.
You mean you had a Republican president who inherited a budget surplus and thought he knew better. (I feel your pain.) And then almost dismantled the country's treasury and reputation. But I imagine it's only natural for an overachiever like you to expect the next guy to take a problem that was eight years in the making and unlike anything seen in generations, and turn it around on a dime. Anyone could do it, right? As easy as making snappy U-turns in an airliner, I imagine, especially if it's dropping like a stone.
Don't worry about me. Try explaining it to Greenspan, who doesn't agree with you. Greenspan, the tax-cut-loving, Republican Ayn Rand devotee nominated as Fed chairman by Reagan himself in 1987. Convince him first, and then we'll talk. Explain to him what you know that he doesn't know. Then we'll be getting somewhere.
greenspan is a disinformation machinge- whose task was to lie and deny bubble conditions as he relaxed monetary policy and lending standards... to feed the mortgage bubble.... so his bank paymasters could lend more "stupid" money and scam incredibly large bonuses. Nothing greenspan says can ever be trusted. Even his apology for his grave mistake... was a misdirection away from the truth. besides you do not need anyone else to interpret this graph... we see tax cuts and then revenue break out to new highs. http://www.princeton.edu/~pkrugman/reaganrevenue.png that graph is the real inconvenient truth (for big govt liberals and socialists.)