Alan Greenspan Bud Quotations

I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.

How can we ignore the fact that virtually all forecasts of the budget balance have been wide of the mark in recent years?

There should be little disagreement about the need to re-establish budget discipline,

Unless the situation is reversed, at some point these budget trends will cause serious economic disruptions,

The changes in the budget outlook over the past several years are truly remarkable, ... We need to resist those policies that could readily resurrect the deficits of the past and the fiscal imbalances that followed in their wake.

The imbalance in the federal budgetary situation, unless addressed soon, will pose serious longer-term fiscal difficulties,

Lower budget deficits are the surest and most direct way to increase national saving. Higher national saving would help to lower real interest rates, spurring spending on capital goods so as to put cutting-edge technology in the hands of more American workers,