He Errs, Public Pays
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Alan Greenspan testified at a Senate hearing (March 16) that when he supported the tax cuts for the rich in 2001, “it turns out we were all wrong.”
Now he is advocating that President Bush’s plan for private investment accounts be enacted. If that happens, four years from now he can again testify “it turns out that we were all wrong.”
Of course, that won’t help when the country has increased the deficit by several trillion dollars and Social Security has defaulted on its promised benefits to seniors.
Claude R. Marston
Nuevo, Calif.
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