Way to go. What everyone how has EVER tried to live on a budget already knows..you have to control SPENDING to come within budget.
As I think about statements like this...or rather that someone in gov't thinks they need to be made...I wonder what would happen if the only people allowed to be in powerful offices were people who have BEEN poor, but pulled themselves out of poverty.
Or perhaps run a successful business. It would be interesting, and mighty instructive, to go back an listen to Ross Perot's '92 campaign comments and commercials right about now. A lot of what he said is turning out to be awfully prophetic.
Don't you just love it when some politician want to point out the obvious and act they're a great leader a great seer.
I think it's a stretch to suggest GREENSPAN
is any kind of politician. I also agree he is culpable in the housing bubble.
I think GREENSPAN
worked his way up, but I don't know him. I thought his statement was interesting... if not obvious. GREENSPAN
had been a big supporter of GEORGE W. BUSH
. He retired from the Federal Reserve in 2006 and runs a private firm now.