Quote by Alan Greenspan
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
Summary
This quote emphasizes the speaker's support for tax cuts, but not when they are funded through borrowing. They express their concern about the negative consequences of implementing spending programs and tax cuts that rely on borrowed money. The speaker believes that this approach has been problematic in recent years and argues against using subtle policy measures to address the issue, implying a need for more decisive action. The quote reflects their cautious stance on fiscal policy and the importance of responsible spending to avoid potential disasters.
Topics
Money
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