Really? Ya think?
“Greenspan says Congress pushed Fed on housing boom”Federal Reserve Chairman Ben S. Bernanke warned Wednesday that Americans may have to accept higher taxes or changes in cherished entitlements such as Medicare and Social Security if the nation is to avoid staggering budget deficits that threaten to choke off economic growth.” – Fed. Chairman Ben S. Bernanke, Washington Post
I am appalled. I had no idea we couldn’t spend like there was no tomorrow (faux surprise). Is this some kind of new fiscal metric that heretofore we were unaware of? I am aghast. Did anybody clue the Democrats in? Because they seem oblivious to this seemingly new paradigm.
Democrats finally busted, “Greenspan says Congress pushed Fed on housing boom” – Reuters