Greenspan sounds U.S. deficit warning
bq. U.S. Federal Reserve Board chairman Alan Greenspan issued one of his toughest warnings yet to Congress yesterday about the danger of letting the country’s giant budget deficits persist, saying “the consequences for the U.S. economy of doing nothing could be severe.”
Well, that’s it. He’s gonna be fired soon. Nobody is allowed to speak ill of Republican deficits. Democratic deficits, those are evil. GOP debt, that’s a patriotic duty.
This is a good description of why I’m building a MythTV box this spring. Of course, it may be illegal to build one by the fall, so I’d better get on it. Maybe I’ll buy an HDTV card for future use, before they’re banned in the USA.
Go innovation!
Previous post on this topic is here.