Alan Greenspan, the culprit of too low interest rates for entirely too long, chimes in with a plan for a bipartisan commission to help fix this current out-of-control government spending..
Reuters reports:
Former Federal Reserve Chairman Alan Greenspan on Thursday endorsed a proposed bipartisan commission to help make the tough calls needed to get the spiraling and record U.S. debt under control.
Testifying before the Senate Homeland Security Committee, Greenspan warned that the United States must quickly begin to erase red ink to avert possible disaster.“Our nation has never before had to confront so formidable a fiscal crisis as is now visible just over the horizon,” said Greenspan, who headed the central bank from 1987 to 2006.
Alan, what about a Balanced Budget Amendment?
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