Demanding a federal budget that is fair, responsible, and meets our nation's priorities

Wednesday, April 27, 2005

Greenspan Comments on Tax Increases and the Deficit

Last week Alan Greenspan testified before the Senate Budget Committee. He said that tax increases, as well as spending decreases, must be part of any responsible deficit reduction plan. In his testimony he also stated, "The federal budget deficit is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years." For more information, click here.