you're KIDDING!

Greenspan: Budget Deficits Pose Threat

WASHINGTON - Bloated budget deficits pose a danger to the nation's long-term economic health, Federal Reserve Chairman Alan Greenspan warned anew Thursday. He issued a fresh call to policy-makers to move swiftly to put the government's fiscal house in order.

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Guess that's why he gets paid the big bucks! Who else could have figured this out?!?!?!
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The Bush administration supports bringing back the pay-as-you-go provision for spending, but not for tax cuts. A decade-long pay-as-you-go provision expired in 2002.

The administration says it aims to cut the deficit in half by 2009.

"Our budget position is unlikely to improve substantially in the coming years unless major deficit-reducing actions are taken," Greenspan said.

Democrats mostly blame the growing budget deficits on President Bush's big tax cuts, which they contend mainly benefited the wealthy. Republicans credited the tax cuts with helping the economy rebound from the 2001 recession. The costs of the tax cuts along with paying for wars in Afghanistan and Iraq and fighting terrorism at home have led to the deficits, they say.

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Funny, according to this, even tho the repugs are trying to say it differently, they agree with the Dems that the president has caused the deficits! It truly is amazing that if bush only cared a fraction as much for the country as he does for his ultra-elite, wealthy friends, then he could considerably reduce the deficit.
How different this country would be if only we had a president that wanted to help the US, not just the rich!