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Let’s Raise Taxes, Greenspan Tells CFR

Posted By admin On September 15, 2010 @ 11:47 am In Featured Stories | Comments Disabled

Reuters [1]
Wednesday, September 15, 2010

Taxes must rise while fiscal stimulus needs to be wound down in order to reduce the U.S. budget deficit and allow private investment to expand, said former Chairman of the Federal Reserve Alan Greenspan on Wednesday.

“I am in favor for the first time in my memory of raising taxes,” Greenspan told an audience at the Council on Foreign Relations in New York.


Lets Raise Taxes, Greenspan Tells CFR 260310banner2 [2]

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) [3]

He warned that the deficit, swollen by massive stimulus spending, was crowding out capital investment. We “must find a way to simmer down fiscal activism and allow the economy to heal,” he said, adding that that stimulus spending had been far less successful than anticipated.

Bush era tax cuts are set to expire at the end of this year. President Obama says he wants to cap taxes on middle and lower income households but allow taxes rates to revert to higher levels for the wealthy.

Full story here. [1]

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URLs in this post:

[1] Reuters: http://www.rawstory.com/rs/2010/09/taxes-rise-fight-budget-deficit-greenspan/

[2] Image: http://purewaterfreedom.com/

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] “Fixing” the Economy New York Times Style: Raise Taxes and Raise Taxes Even More: http://www.prisonplanet.com/fixing-the-economy-new-york-times-style-raise-taxes-and-raise-taxes-even-more.html

[5] Raise Taxes and Cut Services? Why Not Stop Unneccesary Bailouts, Unnecesary Wars and Unnecessary Interest Costs Instead?: http://www.prisonplanet.com/raise-taxes-and-cut-services-why-not-stop-unneccesary-bailouts-unnecesary-wars-and-unnecessary-interest-costs-instead.html

[6] IMF Says US Must Raise All Taxes, Cut All Entitlements By 35% To Contain Future Budget: http://www.prisonplanet.com/imf-says-us-must-raise-all-taxes-cut-all-entitlements-by-35-to-contain-future-budget.html

[7] Bernanke: We Must Raise Taxes and Cut Services • Sane People: No, We Need to Stop Endless Bail Outs, Imperial Adventures and Fraudulent Schemes: http://www.prisonplanet.com/bernanke-we-must-raise-taxes-and-cut-services-%e2%80%a2-sane-people-no-we-need-to-stop-endless-bail-outs-imperial-adventures-and-fraudulent-schemes.html

[8] Swedish government to raise fuel taxes to cut greenhouse gases: http://www.prisonplanet.com/swedish-government-to-raise-fuel-taxes-to-cut-greenhouse-gases.html

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