Alan Greenspan Gets It September 15, 2007Posted by fitsnews in SC Politics, US Politics.
FORMER FED CHAIR BLASTS REPUBLICANS FOR WASTEFUL SPENDING
FITSNews – September 15, 2007 – We get a lot of grief from GOP crybabies here at FITSNews because we consistently call out the Republican Party for what it has become – a bunch of big-spending liberals more concerned with protecting their own power than protecting the taxpayers. Turns out, former Federal Reserve Chairman Alan Greenspan agrees with us. In a new book called Age of Turbulence, Greenspan – the architect of the biggest economic boom in American history – had this to say about big-spending Republicans up in Washington:
“They swapped principle for power. They ended up with neither. They deserved to lose (the 2006 elections).”
Uh, hell yeah they did.
Greenspan says he urged the Bush administration to veto wasteful spending bills passed by a GOP-controlled Congress, but got no love. Wonder what Greenspan would say about Republicans here in the Palmetto State, who have jacked state spending by 41% over the last three years? Republican legislators writing budgets for the so-called “most Republican state in the nation” have behaved ten times as badly as their Democratic predecessors, as state spending in South Carolina has doubled the national average over the last three years.