Large deficits matter. Those three words sum up Alan Greenspan's testimony before Congress last week, testimony that will make it more difficult for the White House to get its proposed tax cuts enacted. That such an incontrovertible statement of basic economic thought could roil Washington and create problems for the Bush administration is an indication of how surreal, and cynical, budgetary politics have become.
 3:38:40 PM Google It! comment
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