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In reply to the discussion: Fascinating comment from my VERY perceptive husband, about Andrea Mitchell... [View all]wishstar
(5,828 posts)Hillary Clinton criticizes former Fed chairman Alan Greenspan's oversight:
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/25/AR2010022504958.htm
"Secretary of State Hillary Rodham Clinton said Thursday that "outrageous" advice from former Federal Reserve chairman Alan Greenspan helped create record U.S. budget deficits that put national security at risk.
Appearing before Congress to defend the State Department's $52.8 billion budget request for 2011, Clinton said the country's massive foreign debt had sapped U.S. strength around the world.
"It breaks my heart that 10 years ago we had a balanced budget, that we were on the way of paying down the debt of the United States of America," Clinton said. "I served on the budget committee in the Senate, and I remember, as vividly as if it were yesterday, when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt -- outrageous in my view."