Former Fed Chairman Alan Greenspan is stepping up his call for Congress to let the Bush-era tax cuts lapse. [...] The risk of a U.S. debt crisis, he said, is just too big. Mr. Greenspan, who retired from the Federal Reserve in 2006, had endorsed the cuts back in 2001 championed by then-President George W. Bush. [...] The Treasury has estimated that a permanent extension of all the Bush tax cuts would cost $3.6 trillion over the next decade.
http://blogs.wsj.com/washwire/2011/04/17/greenspan-steps-up-call-to-end-bush-era-tax-cuts/?mod=WSJBlog
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