…income Americans to the wealthiest Americans. Not exactly sound public policy. So how do we fix the problem? On March 2nd, in testimony before Congress, Federal Reserve Chairman Greenspan said:…

…his supporters are the ones who are spreading this charade. Update: I missed this part of Greenspan’s testimony on first read: Diverting the payroll taxes into the Social Security trust…

…can’t get fooled again.” If only our current Fed Chairman had taken those sage words to heart: Mr. Greenspan’s comments, in testimony to the Senate Banking Committee, gave Mr. Bush…

…of something I wrote on March 2, 2004: ************* Following up on Kash’s earlier post about Greenspan, Krugman’s op/ed also highlights a fairly bold bait and switch maneuver by Greenspan:…

…week I’m more convinced than ever that raising interest rates right now poses an unnecessary risk to the economy. However, this is what Greenspan said when he raised rates yesterday…

Greenspan: Stop Cutting Taxes and Fund Education Well, actually, he didn’t say anything about how to pay for more education. But if it’s worth doing, it’s worth spending money borrowed…

…by Bernard Wasow on Greenspan. The article concludes with So Mr. Greenspan would pay for massive tax cuts, about half of which go to the richest one percent of Americans,…

Greenspan Update In a comment to Kash’s post, I said Oddly, however, Greenspan actually saying this [SSI benefits need to be cut] makes his alleged long term goal less likely…

…opposing Brookley Born. “Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud,” Alan Greenspan…

…purchased just before prices actually literally go down, are going to have problems.” Fed Chairman Alan Greenspan, May 20, 2005 Finally, I would recommend Barry Ritholtz’ (The Big Picture) “Real…