Confession for the Soul

Alan Greenspan, so far as I know, is not a Catholic, which is just as well, since his recent confessions are far too calculated and self-serving to earn the reward of sincere repentence. I'm thinking of his attempt to evade responsibility for his role in the Bush tax cuts and resulting deficits. Kevin Drum takes a look, here. Paul Krugman penetrates the sophistry and exposes the deception with a well placed shiv:

If anyone had doubts about Mr. Greenspan's determination not to inconvenience the Bush administration, those doubts were resolved two years later, when the administration proposed another round of tax cuts, even though the budget was now deep in deficit. And guess what? The former high priest of fiscal responsibility did not object. And in 2004 he expressed support for making the Bush tax cuts permanent — remember, these are the tax cuts he now says he didn't endorse — and argued that the budget should be balanced with cuts in entitlement spending, including Social Security benefits, instead. Of course, back in 2001 he specifically assured Congress that cutting taxes would not threaten Social Security

Sic semper hypocritical bullshit.

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