Thursday, April 21, 2011

'Republicans should insist that any surpluses created by this comprehensive deficit reduction package are to immediately buy back debt'

By Noel Sheppard
April 21, 2011

The media were enthralled by former Federal Reserve chairman Alan Greenspan's suggestion on Sunday's Meet the Press that we should immediately end the Bush tax cuts and raise the marginal brackets to what they were in Clinton's last year in office.

Before conservatives summarily cast this aside, maybe it should be considered with one caveat: we also go back to former House Speaker Newt Gingrich's spending levels in 1999.

Consider the numbers before thinking me crazy.

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