In comments by Alan Greenspan in today's Wall Street Journal.
|“Our policy focus must therefore err significantly on the side of restraint.” |
“The federal government is currently saddled with commitments for the next three decades that it will be unable to meet in real terms,” Greenspan said. The “very severity of the pending crisis and growing analogies to Greece set the stage for a serious response.”
Greenspan is "off the charts" out of paradigm. He must really think we're on a gold standard. This will solidify aggressive efforts to rein in spending and debt. Depression coming!