Friday, April 22, 2005

greenspan flippety flop

Greenspan Says He Expects Tax Increases
Greenspan said he thinks "it's frankly unfair" for critics to blame him now for the fact that Congress chose to "read half [his] testimony and discard the rest."

Sen. Paul S. Sarbanes (D-Md.) said he believed it was "fair to consider how your message would be taken" and that lawmakers saw Greenspan's 2001 remarks as "providing a green light" for tax cuts, which were enacted without triggers.

"I plead guilty to that," Greenspan said. "If indeed that is the way it was interpreted, I missed it. In other words, I did not intend it that way."


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